jack hershey
Registered: Feb 2003
Posts: 7373 |
07-22-12 07:31 PM
To examine magine articles, It is probably best to examine publishers and the purpose of magazines. I am given magazines so the publisher can say I read the publication. He may be wrong, however.
I decided to outline and to write five books. It took me 48 hours to have a senior editor at the first company I called. In college I was offered a Writer's Agreement with a major publisher. Book publishers have no standards and will publish just about anything.
I looked at the classic development of the financial industry from the conception of trading to 1957. About 100 new ideas occurred during those centuries. In modern times, these ideas have been tested. From the earliest of times the pertinent ideas had come to the fore for taking the market's full offer. So I use this approach to trading and I achieve the market's full offer. It seems there is nothing new. (See a book by Dodd and Granville, for example).
"Develop and test a theory then build your system based on those results".
Since a system was designed and developed long long ago and it works, why would I go through this type of described journey.
The market is not theoretically based. It happens to be such that its operation is deducable using science and mathematics.
The foundation of the market's operation is the mathematics of its operation.
Anyone can look around and see what is NOT being used mathematically. The reasons that eliminate each sphere of mathematics is quite clear.
All scientists gong into a given field, early on, inform themselves of the applied mathematical field involved in their planned field of endeavor.
The second thing they do is get very clear and straight the dimensions of the variables that are involved.
This was done quickly following the DOW theories to get directly and correctly right back on the topic for making money.
The foundational people who developed the mathematical field of endeavor for the markets were Keynes and Carnap.
When I studied theoretical physics under the auspices of IBM who did not settle for anything less that the best professors, nobody, but nobody, saw any connection to financial markets. Times have not changed.
Now you have some informed input from a trading practicioner who is using the correct mathematics and whose has a complete descriptive system of the market's operation. I also have a complete syste that gives me the totality of all the signals for trading to make money to extract the full market's offer. Note that two systems are involved.
In modern times, languages have been invented for using any size computer. The language that fills Keynes' and Carnap's requirements is the RDBMS. A familiar language is SQL. Basically data is flowed into tables and from these tables new degrees of freedom are created and put into other specialized tables.
The first deduced pattern of the marketplace, by deduction again, has to repeat. It is the nature of a pattern to have three parts: a beginning a middle and an ending. RDBMS are of a nature that they "reset" at the appropriate event (the beginning of the overlap of the pattern).
The granularity of the markets dictates (to the reasoner who is doing deduction in a scientific manner) that the pattern of the market MUST overlap.
In market analysis, you cannot choose the improper variables. Most of the published work makes this mistake and therefore cannot be used to further understanding of markets. Dodd and Granville did not make this mistake.
There are two basic variables and they are NOT opposites but are orthogonal. They happen, by their construction to take Time as a variable OUT of the mathematics of the markets.
All the above is usually rejected by people who are never able to extract the full offer of the market as it is continually offered.
Strategy system design is a forum that is fairly unrestricted. Be careful out there.
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