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NoDoji
Registered: May 2008
Posts: 8120 |
10-15-12 09:27 PM
I have two key trading methodologies that do not involve the usual drivers:
The first one is based on emg posting the price at which he's planning to go long or short while he's hanging out at Volente's Bar and Grille. If he's planning to go short at a price, I immediately buy at the market and set a profit target 2 ticks in front of his anticipated entry price; vice versa for a long call.
emg clearly has the math know-how and higher education necessary to choose precision entries and I take advantage of the rather large spread between price at the time of his announcement and his desired entry price.
(I imagine this would be best described as a form of arbitrage, or possibly "front-running".)
If emg isn't active and I have a strong need to trade but am confused, I the use this backup method:
http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi
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Mr_You
Registered: Dec 2010
Posts: 266 |
10-15-12 10:06 PM
Thanks NoDoji for the contribution....
I'll take a guess that marketsurfer is referring to, probably, his own Advancing Issues.
NoDoji I have also thought similarly about such Blackbox arbitrage. Would be an interesting task to investigate.
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WS_MJH
Registered: Feb 2011
Posts: 278 |
10-15-12 10:15 PM
Quote from NoDoji:
I have two key trading methodologies that do not involve the usual drivers:
The first one is based on emg posting the price at which he's planning to go long or short while he's hanging out at Volente's Bar and Grille. If he's planning to go short at a price, I immediately buy at the market and set a profit target 2 ticks in front of his anticipated entry price; vice versa for a long call.
emg clearly has the math know-how and higher education necessary to choose precision entries and I take advantage of the rather large spread between price at the time of his announcement and his desired entry price.
(I imagine this would be best described as a form of arbitrage, or possibly "front-running".)
If emg isn't active and I have a strong need to trade but am confused, I the use this backup method:
http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi
this is good
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Mr_You
Registered: Dec 2010
Posts: 266 |
10-15-12 10:24 PM
Hmm...
Maybe marketsurfers infamous "Price Drivers" are actually specific market participants that move the price. Let me tell you, its so much fun guessing what people mean. Uggh
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oldtime
Registered: Jun 2011
Posts: 7479 |
10-15-12 10:44 PM
90% of what I trade off of is nothing more than my unrealized profit/loss. Just about anything else will do for the other 10% as long as you don't stick with it too long.
Handle123 is right, these methods are like fashion, they come and everybody talks about them, then they go, and years later are rediscovered, or sold as something new under a different name.
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marketsurfer
Registered: Apr 2002
Posts: 5770 |
10-15-12 10:57 PM
Quote from Handle123:
TA fails for you and many others, but not for those who have taken years to know how to become good at trading using them. I have spent years, decades, at many different avenues .
Survivorship bias.
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