People got doctorates and Nobel prizes writing about the impossibility of using a data series to predict the future.
And the academics who DID figure it out are quite content to keep their mouth shut and let people think that while making untold fortunes. What's the benefit of doing otherwise? (not saying that Jack is one of them!!!)
I have a mean streak, I just threw that out there because, well, like I said I think ATS is possible even in the light of all the academics that have "proven" it can't be done...
As you can see from this anotation and the FTT of SCT, there was a reason for doing the non stationary window and adding the "end effects" pane. This level of trading approximates the advanced beginner level where traverses of channels are traded using a reversal orientation at FTT rather than the RTL BO which comes after the FTT when the retrace turns into a reversal. There is a recent PA thread that had an attachment ( The Law of Charts) to explain the relationship of the 1, 2, 3, (not pt 1, pt 2 and pt 3), the RH (Ross Hook) , and a thing called Trader Trick Entry (TTE). If you pull the 25 page doument, you can use it as a drill to see how the 10 popints made in the report connect to SCT tapes and traverses: 1. Pages 1 through 4 explain what SCT calls taping and that two tapes make a traverse. 2. Page 5 shows how the first four pages are "nullified". A lot of SCT internals are reresented (mostly non dominant,however. 3. Page 6 deals with "ledges" which are dominant traverse stalls, hitches and dips. They are all treated as reversals on an internal. SCT does not do this ever. 4. on page 7 and 8 the Ross Hook is introduced In SCT parlance this is a dominant traverse beginning and the RH is the end of the traverse progress. By Page 11 several ending have been described. For SCT in any case this is a reversal trade at or before the LTL is reached on the traverse. 5. page 12. A question commonly asked is discussed: WHEN to o buy or sell on a traverse (after pt 3 of SCT) when you are at or can't make it to the LTL. There is no recognition that the traverse is OVER. 6. page 13 discusses what SCTcalls a VE. They suggest wait and when, subsequently the "VE" is borken to enter in the direction of the VE. This is a MAJOR NO NO in SCT. We reversed on the VE and toolkl the ride to the RTL or to the new point 3 of an "accelerated" travese (where we reversed again). 7. page 14. Double top RH. This is a traverse FTT at the second RH without exception we are short @ the second RH and holding through the upcoming RTL. These two points (FTT and BO of RTL) are the traverse overlap period. Two anwsers were given: go long and go short. 8. TTE. for the long of 7 you can do it early by not waiting for the BO of the double top (risky though) In SCT we are short during all of this period of opservation, ALWAYS. 9. Pages 15 to 25. fear control for not going short for quite a while. Typical comment: "If mkt plunging don't jump in front ...... SCT "jumps" on the FTT mentioned above and rides the short for 10 pages in the market and on the right side of the market. General comment: Here we are doing an ATS that uses tuned indicators that provide "certainty" from the trading signals and the suppression contexts of the indicators. In a drill we "discovered" the "end effect" pane where there is a consideratrion of staying on the right side of the market. All the complicity of the "Law of Charts" disappears under this evaluation type ATS. The ATS only deals with "signals" in the present and the ATS does not predict. Maxpi introduces "prediction" and he does it as something the academics prove cannot work. What is so true about prediction is that it is unnecessary. This truth comes to be by using "certainty" in the form of binary signals only in the ATS. It is a choice to code using a binary approach or not. We use go/no go binary after we convert analog information to signal information to have or not have signals. And there are intermediate steps to get to the trading platform. Logic is used to get to these intermediate steps and get outputs from them. This is mostly suppression logic to rid the trading of oscillations where at, for now, end of bar volatility is given up by market order only trading. When we go intrabar, later, in the logic, then this valatility becomes just the spread. In the Boot camp thread the emwave pc monitoring has begun. Here two measures relate to the trader's coherence. the trader and the market are partners. It is important to have coherence while trading. This means the "zone" is a rising set of values and the Green parasympathetic dominates (green column on right) for the trader. BPM is the pulse; it should be near the nornmalrest level I am a 55 for example. The emwave is a fourier analysis of the waveform of the heart beat. The red is a sympathetic condition and the green is sympathetic. Stress is what is measured in these ways. If stree is present then so is the Bohr Effect. The fear. anxiety and anger you see in CW PA trading is the BOHR Effect at play. this means many things, among them about 50% 0 --2 levels in the brain. Often here in ET it is spoken of as "freezing" of "freakout" or "early exit". When someone says it is "unbelievable" or "astonishing" when describing the reversal trading of SCT or this indicator ATS we are building, then they are people who may not be able to see the market, partner with the market, or be able to see the rhythms of the market depicted by "tuned" indicators. Over quite a while we have tried to open up to traders the potential of parasympathetic trading by having good pplatforms and displays and learning through drills of all sorts. Any person can add the emwave pc to a computer to better understand how they work as they trade. We used binary to "know that you know" all the time while trading. Mr Black's chart shows how P, V trading and tuned indicator trading becomes coincident.
Add another sentence, replacing A with discretionary and you have wisely uttered not one, but two pervasive truths.
I'd like to see the TS code, rather than an acid trip pep talk about what charts look like, because in its current form, it's not profitable. And, also, you don't need my backtest to tell you that, you can look at the backtests you've been posting already. They lose money, so what's the point of continuing? Isn't a signal to noise ratio tool so useful?