With very easy lane conditions and the power which has been engineered into bowling balls, shooting 300 is barely noteworthy these days. There have been TWO(?) recorded 4-game series of 1200 so far, and several of 1199. A few years ago Jeff Carter averaged 261 for a 5-man team league season... notwithstanding the slow pace of 5-man play, that's AVERAGING an 8-bagger per game, NET after open frames... ridiculous.
Sure Jack -- you magically got out during the brief, fleeting moment that your trade was slightly profitable. If you're that much of a wizard, why didn't you short NTES instead? You would have made thousands instead of less than $200. What happened to your attempt to turn $10 thousand into &1 million in 100 days? That was supposed to happen starting in Oct 06 and you said you'd post updates here and I don't recall seeing any. http://www.mediafire.com/?1gi2qygm3yh Is failing to do that part of the reason your IBD group went in a new direction, away from your "methods" and is now being led by someone else? Here are my concluding comments to you. Our effort was to turn 100,000 dollars into 1 million OR to turn 10,000 dollars into 100,000 dollars. Both of these examples are where a 0 is added to the right side of the original starting value. This is called an order of magnitude change. In ET at that time there were posted some references. ET is not capable of handling, directly, posts over a certain size and content. As you read through the reference you get to see how that persons working on the 100,000 to 1 million transition traded. The planning on 08Oct06 was spelled out by scanning the planning document (my hand writing). Its use was spelled out in snagits taken every 5 to 7 1/2 minutes. 7 1/2 minutes is half of 15. The spread of time increased as the day passed and the trades wee completed following the plan as the plan related to the 09OCT06 a monday. As you see, in your terms, magically many events occurred. Magic and after magic occurred for 14 stocks. There has been a succession of events since I stopped attending the meetings. I supported them financially up until recently. The team doing the 100,000 to 1 million has moved on as expected to trading commodities. They also participated in the beta testing of the new platform for equities and the upcoming tools on it for commodities. The additional add-on kit was announced a couple of weeks ago. Finally we have a single platform that replaces the formerly 4 platform requirement. I stopped attending the MeetUp because I no longer could speak for a two hour period. Since then I have encountered cardiac difficulties. I walked daily to conquer and reverse these pulmonary and cardiac difficulties. Because I am still catching up on three kinds of cancer, I go through surgery that results in month long dressing changing that prevents walking in order to not stress layers of sutures. As that got under control it was simply having to go through skin treatments that require I stay inside and do a lot of maintenance with stuff that is applying to me to keep my skin from cracking or breaking apart. So I don't walk outside as yet. Mostly, I do phone calls occasionally and I write up to 3,500 words a day to condense about 10,000 pages of draft materials into five books with CD's, etc., which I will be handing out in the future. You post such shit on ET. As a very stupid f*ck off, you are wasting your life and especially you wasted your mind so stupidly. Recently I reviewed and documented what happened on ET (44 pages plus 19 illustrations) the last several years. And I wrote a summary for any person who might be approaching trading as a potential trader (about the same size). Both are essays in the vein of "The Itch" from the Reporting and Essays part of the New Yorker which I referenced a couple of days ago. One of the greatest delights of my life has been the TRANSFERENCE of our algorithm and its three applications: PVT, SCT, and SR all beginning with seven cases and using a binary vector approach that operated in certainty based on sufficiency at all times. What makes it so delightful is KNOWING it is all built on how the mind grows to be a differentiating sytem that takes the market's offer continually all the time. All the huge pools of capital throughout the world have associated markets which make the offer locally or electronically 24/7; as we concluded, the sun never sets on pool extraction in equities commodities, forex, etc. Continually taking capital out of pools and econometrically applying it to life style and local problem solving has reached critical mass so it will be following the usual Power Law curves as it becomes globally significant. The self selecting nature of the people who decide to learn and pass it forward is the most amazing part of it. The nature of a learning process that converts short term memory to long term memory and involves neuroplasticity at its finest now represents a four generation longitudinal study which is anything but a SRS. How there is no fear and greed component is such a satisfying aspect too. I like how the DD of greedy people makes the greedy people reject getting into the learning process. I really like how the learning process conducts people away from fear, anxiety and anger. By not engaging in betting , predicting and not having uncertainty, those who practice this stuff have so much which carries over into other parts of their lives. Those who are too smart to get involved are great examples too. Trading will always have its inventors, but there is nothing to invent. The market is always right and the mind is perfectly designed to learn to build itself in order to differentiate what is right all the time. ET's very distinct class of members who's incessant goal is to be RIGHT are nearly perfect examples of what not to do to learn and build the mind to trade the markets. These people, as we see, take on two advversaries that they create in thier minds: those they do not understand and the markets. The market is always right and it is RIGHT in the PRESENT. The adversaries they have mostly laugh at them. I know I do. One of the main themes of these people is proving something doesn't work. This mental deficiency they have excludes them from being able to think critically. Critical thinking makes fundamental demands that a person reason objectively. Often people with this deficiency create their worlds using induction. Even the Black Swan was mistakenly created by induction instead of using the null hypothesis. There are classes of people who put their education and training before the system they work within. They get hired by people who's goals are peripheral to the market's offer. Things like sales and acquisition of capital and securitizing. Today, luckily for them some of the consequences of their undoings (doings that are wrong) are being taken care of by the government who intentions are to serve the greater good. So it turns out being able to self select into the learning process and the passing forward and helping you local community with extratons of profits doesn't fit your character and life style, trader666, and your ilk. That is how it is supposed to be. One's PERCEPTION turns out to be the gatekeeper for this. We show all our cards all the time. That was 10% of your PERCEPTION; the big part of your PERCEPTION came from your existing mind's memories as INFERENCE. You just got the CONSEQUENCES of many many prvious decisions that built you differentiation capabilities and gave you the beliefs you keep telling us. So now you are all cross wired and subjective and have these consequences forever. You and your ilk are simply a particular kind of example in ET at this point. You punch keys to make words to make sentences. Now you are simply a stupid f*ck off who believes you have to be right. This is how you work:
Correct gnome. No volume. I like to use the example of the April fools rally earlier this year. If volume had been a requirement for your trading, you missed the rally in it's entirety. Once you discern the charateristics of price movement, volume adds nothing. Maybe not nothing, but nothing much. And even then it must be used in context of the immediate trading, not a generalized concept. Another example would be overnight trading of US index futures. Volume analysis adds nothing much. In fact, for overnight I find P&F and/or range bars to be the way to go. Again, no volume. As well as the elimination of the time characteristic, in this case. Thanks for asking Osorico
The P, V relationship for equities and commodities is known to those who use it daily. The two If, Then statements in Boolean algebra deal with volume in the hypothesis (the If part). For instance, when trading stocks using PVT, the relationship is spelled out by the attached chart. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2060691" width=800> The timing of price and volume is fairly clear on lists or on charts on the 30 minute fractal. One of my foils makes it possible for me to bring out these details. The time from the volume signal to the price beginning to move for equities makes it a very comfortable experience when trading price movement in PVT trading. This phenomena is was used long ago, and crudely, by the SEC to detect "insider trading" in large and multiple accounts in large brokerages. So the chart is a way to use sorting of lists to make money by using a leading indicator of price. It simulates "insider trading" as defined on SEC monitoring computers long ago. If you look at charts of equities on a 30 minute fractal you get to see the bars of volume that appear on equities chart for the PVT type Universe. Having this repeatable and consistent catenary formation is very helpful. By normalizing it (turning the distribution into a decimal fraction series), it works for any stock in the sorted universe. For example on the new platform the slection of the "hot list" is done in the evening automatically every night. The Universe is also selected automatically using the FA requirements. The chart is used on lists on the platform automatically also. By touching the stock symbol on the list a chart comes up immediately as well. This all provides guidance for beginning equities traders. the OP wants to see how various players participate in making money on particular stocks. Here he gets to see a list generated automatically for a Universe of high beta stocks. High beta stocks move with several times more volatility than any other stocks on the exchanges, especially the index stocks which are a trading trap, performance wise. See trader666's equity curve of losers from the S&P. By using FA to get a universe and using TA to get timely potential trades ahead of time, the scene is set for using PVT to make money all of the time. The compound interest formula dictates how to trade to make money. Most important is turning over trading cycles. As we saw in NTES even after a gap up after entry, if the attached chart says "EXIT" the high velocity trader exits because the market is always right. As trader666 implied, holding 1,000 round lots only made 200,000 dollars before the market said take profits and get out. I applied the chart to 14 stocks simmultaneously in the write up for 09OCT06. The objective was to to 100 turns annually where 20 turns at 10% approximates an oerder of magnitude increase in capital, compounded. Roughly 8 turns are required to double capital. Each of the 30 snagits taken during the day show the chart in use to sort by volume, how the each of the equity's gives the trading signals for entry befor price begins to move and for exits before and as price peaks at the end of the 2 1/2 day hold. Here you get to see that it is a trading requirement to build a system based on how the market works. The attachment is simply a distillation of differentiated knowledge. To debate the market's operation or to not know how the market works is foolhardy. On the attachment are all the rules used. They and the columns are color coded for convenience and reliability. some people insist that a person must be able to expression their system in one page or, if they don't, they do not pass the test of having a clear mind. The attachment, humorously fills that mistaken notion that comes from the smartass types. As you see by viewing the write up of 77 pages; you see, pragmatically, that volume is leading price. This is not nor will it ever be a proof. The proof comes from elsewhere as all critically thinking people realize. The attachment, the preparation of lists, and its use on one platform automatically are just tools for high velocity traders who extract capital from the market's offer all the time. There is a similar chart for SCT as you would expect. It is called the Sweeps Chart and it is comprised of 9 tables instead of just one. Here there are many leading indicators of price which is traded. For cross wired people who suffer the consequences of their past decisions, none of this is possible and it is unbelievable and astonishing. In actuality the markets are always offering, it is always possible for the mind the have PERCEPTION (100%) of ehat is being SENSED (10%) using a routine, IF the person's memories (INFERENCE 90%) is operational and rationally built. Traders fail by learning FAILURE. SAYING THAT VOLUME DOS NOT LEAD PRICE IS AN EXAMPLE OF A PRONOUNCEMENT OF A MIND THAT HAS BECOME CROSS WIRED IN THE PROCESS OF LEARNING FAILURE. The path of this particular mind which is cross wired is well documented under up to 50 or so alias's. The failure to understand the P, V relationship is but a small part of the learning failure that occured for him moslty in ET. All members document their histories; were a person to do longitudinal studies of these people, he could get a lousy cross section of why so many people fail at trading but there are some outstanding models of just what not to do.
Jack -- first of all if you really do have all those health problems, I sincerely wish you the best in medical care and recovery. Really. I don't like having to qualify that with an "if" but I have a hard time believing what you say (as do many others). Fantastic claims like, you make 3X daily range in ES "as a practice" have that effect. You call me "a very stupid f*ck off" and attack me personally because I call you on inconsistencies. As if nobody has a right to do that and you should be able to claim whatever you want without proof, unchallenged, on a site crawling with newbies. I'll admit my tone is not always sweet as pie but you bring it out with your condescension, denial and obfuscation. Take this latest example. What you claim here is clearly disproven by YOU in your own words. Do you think we can't hear? Here's an excerpt starting at the 25 second mark of the recording: "we'll take a $10,000 account and we'll see how long it takes to make it to 100,000... and then we'll take the $100,000 account and make it to a million... with this group. and we're doing it now and i'm starting tonight... at approximately four times the rate i need to do it, to get it done in 100 days" http://www.mediafire.com/?1gi2qygm3yh You still didn't explain if your group made their goal and why it wasn't clearly documented here if they did. IMO that would have been one of the biggest events ever on ET. Your tapdance about snagits and ET not being capable of handling it don't wash because you could have posted an equity curve and account statements with the sensitive info blacked out.
Jack, I've been studying all your SCT and PVT information. It's all making sense and looks good. One question. How is A/D a.k.a. sentiment calculated? I'm guessing it is simply a 4 times faster measure of P up or down. So P is (for example) a 5 minute period. V is a 2 minute period, and A/D is a 1 minute period. P being up/down 1/0 V being C/C 1/0 from DU, FRV, or Peak A/D being short term P up/down 1/0 That's a guess. If I'm too far off topic of the OP's question, then please PM me. Thanks! Wayne
I found some posts by Spydertrader and realized they're referring to what I suspected. A very short term price change. I coded this up into my ATS. It's lovely how the signals mostly match every twist and turn of the market and catches every signficant move of 15+ pips (in Forex) quite precisely. However, at the moment it loses pips overall due to some fakeouts during flat periods. However, I'm going to keep fiddling with it because it appears easy to filter those out. It seems obvious that all these rules they make were meant for the human brain to train over time by discretionary trading. A human could obviously filter out those small moves after a little experience without changing the basic MADA rules (and probably not even realize the filtering was happening.) Using an ATS can make it easier in the long run however, ATS's are quite dumb compared to humans. It has to spell out every little nuance, filter, or exception and spell it out the the computer to match what a human can do. Sincerely, Wayne
I built this entire platform myself (except the graphing engine). So the actual code for the strategy would be almost meaningless to anyone without knowing the platform itself. The biggest reasons I built this is to have complete and total freedom to use any and every time frame in a strategy. Interestingly the SCT needs 4 different time frames minimum. In particular, one thing I learned about price action is that all those contrived bars of many platforms like 5 minutes, 10 minute, etc. are VERY arbitrary. In other words, a major move can start in the middle of one of those bars and if you only update at the end of the bar, you miss the beginning. My strategy updates everything with every tick (read transaction buy/sell). So a one minute bar means from RIGHT NOW to all the ticks up to one minute ago. Or a five minute bar ends RIGHT NOW. That factor makes any and every strategy work better. So I don't see how anyone could use any code I present unless they have a platform like that. Wayne
Basically, I attribute this fact and many others to why some have tried and failed to automated the SCT ideas where others succeed. None of the commercial platforms truly give anywhere near the power and flexibility to trade with exact precision. I finally realized that practically all the successful ATS traders built their own platforms. Sincerely, Wayne