...thank you for your kind words. I had been waiting to get it off since I entered the trade somewhat tardily at 11:11:53 PT. That is an eternity in five second bars. A whole pile of them fell off the left side of the screen onto my desk. This system is a slight tweak of Jack's admonition to watch the premium, with the only change being that I switched timeframes from five minutes to five seconds. Jack must not be taken too literally, you know. Now you may say that Jack's system works on ES because the exchange-provided Prem update is every 2 seconds, whereas my abacus-calculated NQ premium is available only once every 15 seconds. My only defense is twofold. First, I decreased the bar period to five seconds to get the accuracy back, and second, if Jack can base a system on a single rare picture-perfect textbook quality example, why can't I?
...I have never, EVER, posted anything that wasn't TRUE. Admittedly it is wrapped in bad satire, self-deprecation, insults, misdirection, lame-assed humor, and outrageous acting out. HOWEVER, it is meant to inform and educate, just like porn sites provide sex education. It is YOUR fault if I present something facetiously and YOU fail to take it seriously. As I type, I have made 20 times the daily range with only half a contract while seamlessly and continuously Jacking-Off.
Hypostomus, I want to guess your age. Please tell me if I'm correct... You're around 24 years old. Let us know!
...my feet and liver are 100, my balls and brain are 18, all averaging out to 59. I hope you plan to work a long time, because soon I will need you to pay for Social Security checks for me.
I once said not to expect too much of Jack. Now, I see, I shouldn't expect too much of Hypostomus, either. Did you even phone your broker to place these orders? Or were you just Jackin'?
...I placed the order as stated, but exited that trade near the end of the first long bar before the Jack-Off. Jack-Off is a long-term developmental system which I just thought of today while wondering what Jack could possibly have meant about trading the ES/SPX PREM. That was not my only trade today, and I didn't enter or exit by Jacking-Off, but rather used my eponomous Hypostomus Plecostomus System. The beauty of the nascent Jack-Off system is that there are so many signals in 5 second bars that you can test it with statistical significance using only one day's worth of data. Bdixon, your doubting and mistrustful attitude is the reason that serious system developers do not share their secrets on ET. I will never make that mistake again. Jack has a huge following here for systems that THEY don't even understand, but when an open and honest person such as myself gives you a clear simple backtestable system, you make light of it. P.S.: I do not need to PHONE my broker, as my TRS-80 has a state-of-the art cradle modem operating at 22 Kbaud half-duplex through a rural party-line dialup.
bla bla bla. Hypo has proven Jack's stuff doesn't backtest well. Bigg whoopie doo. OK go back to your regular satire and gloating schedule now.
...I just DID prove that a Jack system works! Read the distributed random access Cracker-Jack-coder-coded magnum opus on the Hindu-Ese "stretch". What's a guy gotta do to be taken seriously around here? JACK never posted an graphical example of the Hindu-Ese Stretch! I just did! I want everybody here to be rich, and you all just laugh! You are not in a very good place for making money.
I can see you haven't been around here long. Once I was just as gullible and naive as you. Then, I opened my eyes. This forum is populated by the greatest bunch of ne'er-do-wells, confidence men, footpads, outright liars, sporting men, sporting ladies, and swindlers, embezzlers, rakes, and chuckleheaded fools as you will ever encounter in your life. So beware of casting your pearls here. Judging from your equipment you're likely closer to town than me, I envy you not having to call your broker...but I don't want to start a rant about that. Good luck in your endeavors.