The reason some of the threads in ET are kept free of the commentary this thread was intended to address is the simple matter of how the focus of the thread can be overpowered by the efforts fo those who are no longer capable of learning or conducting rational conversations as a consequence of how they have made decisions to differentiate their minds. Read Don Bright's posts about his and his brother's focus on support a trading poulation that uses as set of clearly defined successful trading approaches. Both their efforts and their traders' efforts are devoted to the same purpose: mutual benefits. The detractor "B" type people in ET do not have the same interests of those who are supporting and helping others. The extreme OCD types in ET simply tie up bandwidth as they scream away at themselves and their environment built by the consequences of their decisions. There is a wide band of people who want the "show me" data to satisfy the constructs their frustration has lead them to. It is prima facia that the market offers, the market is never wrong and what the market offers is available to anyone for the "taking". If a person does not think it is there for the taking, then he must further pursue how to use the information the markets provide. thre are many levels of crayola that make the extent of the offer available.
You can summarize the last <strike>five</strike> six posts made by Jack Hershey (as he throws Neoxx under the bus) with the following statement: LOL (on all acounts).
Once a potential trader decides to trust the market (this is not an intellecutal decision), then he can begin the path of differentiating his mind. All displays show the market's offer. Using the best possible feed and conversion software is encumbant on the trader. This responsibility is taken and made in ignorance usually. Platforms are built to make sales of platforms. The trader may be like a clean slate when he begins but he is not a clean slate for long. Making money is, as stated, always there by taking the market's continuing offer. The bridge to making money has always been the mind. so every trader is responsible for finding out how the mind works. In parallel, the trader has to find out how the market works. The obvious bridge was asked about early in the thread and when the principles were presented, they were not handled well. So the trader and his mind; the market and how it works is connected by the means to make money. In Technical Strategy we easily found out the consequences of previous decisions and there was a constant difficulty to deal with making use of the information the market provided. Now, Neoxx has become largely parasympathetic regarding what the narket says and how it is said. How the market works (in the context of the principles of the bridge) is clear in non probabilistic expressions that deal exclusively in the Present, the only place in time where trading takes place. By dealing always in the non probabilistic certainty information set, the trader, mentally, has the capability to always take the market's offer using the principles of the algorithm and its applications. Building an ATS is about the same as training the trader to become differentiated. The one difference is the technique. Drills work for building the mind and schematics work for building the ATS code. The language involved is the language of logic in both cases and it must be non inductive and based on science. In science, the Scientific Method makes use of the null hypothesis to assure there is no induction. This post upped the ante a great deal by dealing with a lot of explicit information as would be done using the Socratic process or its reverse (opposite). As we all know, Socrates was not a philosopher nor did he deal in an orientation for building the mind. Learning trading involves implicit processes (Skills). Skills are prompted, primed and conditioned. Q and A works to do this, but only in a manner opposite of the explicit focus of Socrates. What I like best about the algorithm and its applications is the unexpeceted side effect: filtering. One of the early forks in the road that sorts people away from SCT, et al, are the consequences of betting and dealing in probability. Trading turns out to be based on Information Theory. And Trust only enters the partnership when there is an acceptance of the market's "Tellings". Scepticism turned out to be another excellent filter for sorting people away from SCT, et al. People who learn to trade successfully go through an amazing gautlet where irrationality is not tolerated. Handling rationality in the context of scepticism doesn't usually happen. A person has to be on the tip of his toes at all times or he gets sidetracked. One of the greatest examples on all levels of sophistication is doing 3 ring binders on peoiple in ET. I do it to discover the pitfalls of learning and especially of informal self learning. when a person chooses to go the sympathetic route at the sym/parasym fork in the road, the ball game is over from that point onward. He forfeits the opportunity to differentiate his mind and he can't logically formulate and surmise how the market works.
Market Capacity If anyone has any questions on market capacity, post them here. Use a family of performance curves in your question's illustration. My preference is the ES's family of curves normalized in terms of ATS and as a Gaussain distribution that may or may not emphasize any kurtosis involved.
Trader Performance Capability If anyone has any questions on the various skill levels of the applications of the algorithm, post here. Use the previously posted performance levels as a reference. In this thread the OP suggested that the Advanced Expert level of SCT was scalping. Of the 81 bars available during RTH, doing 20 to 40 trades a day represents a HOLD period that is from 4 to 2 bars long or, in time 20 to 10 minutes. Also SCT trading uses a HOLD/ Reversal strategy and not an Entry/exit strategy that is common to scalping. I regard the HOLD/reversal strategy as another great filter for moving potential traders away from SCT trading. Also, in scalping the % of time in the market relative to RTH's is small.
The three principles of the algorithm The principles form the bridge in the trust partnership of the trader and the market. If you have any questions about the principles or their interrelationships, ask here. MADA came about as a routine that enables taking the market's offer by using the principles. Four different mental processes are used in sequence to assure a non probabilistic certainty while extracting the market's offer. The mind is differentiated during the implicit stages of the various levels of trading. A stark and contrasting example is the OODA originated by John Boyd. The OP is using the OODA mental orientation.
Wrong again. SCT trading involves drawing lines on charts after the market is closed. If you have any questions, post here
Dear virtual friends, and you too Jack, let me share with you all a senior moment. I come back upstairs to my basement from the attic downstairs after taking my old man afternoon nap, and I click refresh to view my favorite thread. All I see on the screen is Jack Hershey Jack Hershey Jack Hershey. Of course I scream. The first thing that crosses my dull-witted mind is ALL OF ET IS NOW JACK HERSHEY. Eventually I got it all sorted out. Bummer! Close call. Thank you for posting, Jack, if not responding. I made two quantitative assertions. That "pool extraction" via market orders has a limited depth. And that market order capture of peaks and troughs offers measureably limited opportunity. You addressed neither assertion. I can point you at the details if you can't find them. Before I continue, Jack, remember what Bandler and Grinder wrote: "The meaning of your communication is the response you get." So now you have THE definitive opportunity to show me to be the incompetent fool you think I am. All it takes is analysis of market internals. Have at it. P.S.: I read all your posts very carefully. Good work! I was rendered chopped salad by your word salad.