7 OR 8 TICK STOPS SO U DON'T CUT OUT ON A $10 MOVE? THIS FORUM IS A REAL ZOO........WE HAVE IT ALL ON DISPLAY......FILTHY MOUTH......AND NOW THE HOT AIR WITH THE SMART MOUTH......WHAT HAVE WE NEXT? THREAD CLOSED........SOON.....NOTHING OF VALUE......
I AM GONE FOR A WEEK OR SO........I WILL TRY TO REFRAIN FROM BASHING FORUM WHILE I AM GONE......U GUYS ENCOURAGE MR. FRUGI IF U WANT THE REAL STUFF......ON THE NEXT LEVEL TRADER......THE HIGHEST LEVEL.....IF HE IS WHO I THINK HE IS......ENCOURAGE HIM TO POST AND PLACE ALLL HE SAYS IN THE WINNER'S FILE........NOT THE NORMAL GARBAGE POSTED HERE BY ME AND OTHERS, ESPECIALLY ME.....
you are a reflection of imho......thanks for the posts and i stand behind the confidence i have in your comments, even though you are not m. have a great life......porgie
Actually, PJ, I used only five. The rest are legit, assuming THEY aren't all one person. Do you know who YOU are?
NQNQ, Hypo, etc. - Would you mind sharing with us what constitutes the bottom middle chart on this screenshot (the one that runs from 5,500 to 6,500)? Is it some sort of measurement of net bid/ask volume (cumulative volume transacted at ask minus volume transacted at bid)? Thanks for sharing various nuggets along the way. Sandy
Everyone has available to them time, bid, ask, last and size. And every calculation using any or all of these to represent the direction of priced is in the digital signal processing sense a filter or estimator, optimum for some set of conditions that the people who use them are clueless about. And most of them look similar. What you are looking at was an experiment in progress that I ultimately rejected (I code and test in real time when market action is slow). I think the post was trying to make a point about the difficulty of channel interpretation. My one second screen no longer looks like that. Any idiot can tell up from down. The trick is to estimate PERSISTENCE of up or down. I use a variety of digital signal estimation techniques related to Kalman filtering for that.
One question for you - how does your simulator come up with the fill prices? Last tick, bid/ask or how? I ask because it sounds like your style is to jump on momentum thrusts - and this can produce slippage. If you are doing 200 trades - and let's assume you would only get slippage on entry since you would be bailing out when the momentum dries up - 1 tick slippage per trade would amount to a difference of $1000/day. Even if you only had slippage on 10-20% of your entries (which IMO would be optimistic), that would still be $100-200 a day. As someone I know from another board like to say - you have to pay the vig.
I remove liquidity from the current bid or ask. I don´t look at level 2 to make my decisions but I use it to excecute. The simulator wont excecute unless it is able to remove liquidity from the price. As with previous simulator tests the real distortion of the simulator is that it doesnt allow me to add liquidity. So I have to simulate with additional slippage.