Genius? Hardly. My whole point is to think about what charts represent, and not take everything at face value. It pains me to admit it, but there IS a conventional orthodoxy, and it keeps you rooted in a losing viewpoint. My mantra is this. Look for anomalies. Try to understand why they occur, why they MUST occur. Hypthesize algorithms for them. Quantify them. Make decision structures. Code them. Test them. Trade them. Therein lies the gold. I am done here, thanks for the fun!
Jack, you reprobate old bastard, this thread was my gift to you. Sort of like a celebrity roast. Use what I taught you well. I have certainly used well what you failed to teach me. The more I read you, the more I am convinced that correct orthography is the key to profitability. Your "anomoly" is my "anomaly". Heuristics, always heuristics.
Thank you, Vikana, for your kind forbearance in allowing this thread to run its course. You are indeed a good sport. And I hope that you understand that I have only the best of intentions regarding ET. If you know your American history, you will recognize this: "Error may be safely tolerated when truth is free to combat it."
Anyone want to put up the definition of a quant? Google: James Altucher, paritcularly Q's crash, etc on wealth Lab script for the first 50 results of this thinking. pay particular attention to two things: The precent of the year you are making money and how much a year you make. This guy should be on Improv. Anomolies are the leaks of the flow of the conventional orthodoxy. The major alternative to looking for leaks is to look at the elephant in the room. Size the elephant up as Kahn of Barron's (See Online) does. Measure the big picture and don't worry about tthe details. Just start and measure to big patterns. Find out what the elephant looks like. What did Seykota say? He said if you want to se what is going on , hang the chart on the wall across the room and look at it from afar.
And Jim Rogers said to ask your six year old daughter if price is going up or down. "Anomolies are the leaks of the flow of the conventional orthodoxy."? THAT one made me think, but only for a minute. I gotta hand it to you, you have the gift for the catchy turn of phrase. But I am disappointed that you haven't learnt anything from me, after all the things I failed to learn from you. Anomalies are trend trading entry signals. My chart is filled with them. Go back and look at my inverted volume chart and challenge that assertion, if you dare. The nice thing about anomalies is that they MUST occur. They are essential to fucking over market order traders who were lucky enough to make good entries.
Here is a new volume histogram paradigm. Nowhere does it appear in the CW, and it was Invented just now, by me, 225, an upstart market guru. At each bar, volume begins at zero, call it 'v'. If there is volume at the bid, subtract that volume from 'v'. If there is volume at the ask, add that volume to 'v'. While 'v' is positive draw the bar above zero. When 'v' is negative draw the bar below zero. It is an exercise for the reader to determine what sort of information this will provide.