Still no answer; how do I know I am on the right side of the market? Only looking for the rules of begin the trend and end of it. ZB
Sorry zone-bone, I don't know yet myself. I have a general idea. Plus, seeing the data on DOM and T&S that I captured for 2 days tell me intuitively that it's possible. An experience trader tipped me off that he doesn't but didn't spell out how. After I collect enough historical data. I will figure it out better. TSGann suggested somehow using the data across related currency pair for depth and T&S to drive better decisions. I haven't figured that out yet either and no word back. I'm doing to stick to the counter trend strategy while I figure out the trend following system. Sincerely, Wayne
Hi greaterreturn, I think you never know if you are on the right side of the market, but you can measure if "the coin" is biased and play the probability game. ZB
1. Stop kissing ass. Or stop drinking. 2. It's not a big of deal and it's no secret. Once you get the data, all you have to do is code up a stat. arb scanner (Not TOS but Depth) between all the related pairs you follow and "approach to" trade a single leg delta. Once approached it and get the test results, you'll see a viable tendency that can help you with what you're looking for. Good thing about coding this up is that you'll be able to get a better view of the stop/market order slippage and Limit order "fillability" for your orders. I started writing a code to calculate the expected "fill-ability" for my Limit Orders by calculating the Depth, and luckily found a tendency that added-value to my trading. Good luck... and final post regarding this topic. Moving onto Chit-Chat.
TSGannGalt, You're right. After analyzing the data different ways and graphing it out, I now understand how the markets work 100 X better than I have in the last 14 years. DOM rocks. I'm still working out the exact algorithms but they work. Yours is the best advice. Rather than any of us spell out how to do it, others just need to get the data and look at it. It's plain as Dallas when you do. Wayne
Hi Alan, I've been checking your blog periodically, but nothing has been posted yet. Just wondering if you are still planning on posting material at some point? In these tumultuous financial times it would be nice to see ideas/thoughts from a seasoned veteran such as yourself. Hope to see something soon!! It's always inspirational. Best, Steve
I'm sorry. I found posts from this site translated into other languages and lost faith in being able to control the information I wanted to post in the blog. Right now, I plan on trading for the forseeable future and don't plan on doing much posting. I don't want to become the Doyle Brunson of the trading world. Good luck and thanks for the interest.
Hi Alan, Almost 8 years passed since you started posting on this site. Has anything changed dramatically during those years? Do you still use the same old edge test or have you moved to something more advanced like self-adaptive artificial immune systems or something like that? Is it still as easy to find edges for daily systems as it was back in 2003? I'm specifically asking about the edge test because you said something that still puzzles me to this day: "In short what I found was a handful of simple strategies in a couple of markets were just as effective as all the years of work I did on finding market inefficiencies, measuring them, and exploiting them with tight edges."
finding market inefficiencies, measuring them, and exploiting them with tight edges. ROFL he took a JOB why take a JOBB if you have keys to the kingdom he's an EMPLOYEE