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Joined: 4/10/2006(UTC)
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Location: Hong Kong
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Dear All :
I have got two books about it .I would like to have your opinion about it before I spend my time to study and understand it . Can Fuzzy Logic help a lot in technical analysis ? Maybe there are many very high end users in the TA field who are using it but I would like to know if it is applicable for a domestic trader like us . As a small investor who dont have much resource to write/optimize a very complicated system . Or if the other alternatives in TA is still better than spend too much time in it ?
:?:
thanks in advance .
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
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Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Some people like fuzzy logic because it is 'easier' to understand without having strict transition points etc. For this exact same reason, some people hate fuzzy logic!
We all do a little bit of fuzzy analysis when we are looking at a chart, but we are a lot more precise when we are coding MS to 'look' for us. Imagine trying to do Fibonacci Analysis of the retracement level correct to 3 decimal places, then saying, "near enough!" We draw trendlines that are pretty close to the price action. We assume 2 standard deviations from the mean will contain about 95% of the prices. All fuzzy decisions in themselves.
My suggestion, read your books and then make a decision. You might decide to strictly implement the laws as read, without deviation, but then again you might decide to implement some of the laws that you have modified slightly; a fuzzy decision in itself. ;)
wabbit :D
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/10/2006(UTC)
Posts: 42
Location: Hong Kong
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thanks again , wabbit .
That is why I ask here before I read the books . I know it is a dilemma when we look at chart and it is my concern if it cannot made more contributive result to a system test . After all , we all know in this forum , the trading accuracy/performance rule the trade .
Maybe I should spend more time to improve my trading criteria but not the fuzzy things .
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