acrary, a few Qs: 1) Do you mind telling me where you got these trendiness lists? 2) How exactly was trendiness defined? Thanks, vol
acrary: Can you possibly explain what "Short Sterling" (#4) is, given that British Pound is at #11? Thanks!
http://www.euronext.com/trader/cont...0,5786,1732_200498129_____1_474931970,00.html http://www.duke.edu/~charvey/options/gi/sterling.htm
those based on known fundamentals where the news ahead is a known likely event. interest rates, stocks, global demand for commodities, futures spreads. the last one is the easiest and offers the best roi of ANY othe market period. i have spoken.
The sum of the gyrations in price cannot be less than the difference between any 2 points A and B in trend or alleged trend. If an alleged trend goes beyond one day (eg YM) the sum of the gyrations will be of the order of trend multiply by 2, 3 or more. Gyrations? That is upmoves and downmoves. Short answer: the money is in the gyrations.
============= Thanks for list. AshanD; Like to study trends,hunt gamebirds around feedgrains live cattle ; only have traded them at the feed store[cash for bushel bag,feed ]Never traded cattle or feed grains thru Chicago or any commercial exchange Lumber is real big in our south east area, its mainly a local county trade , cash market only ,not exchange much Dividend NYSE stocks like XOM trend very well, check out 10 year chart. Even #61-ES can trend very well intraday; not saying you should cherry pick ES trends , prefer red/green apples homegrown myself ES could be higher on list if intraday was main measure. Some apples trees take 10 years to ''bear fruit''
Robert Pardo's book includes a measure-of-system-goodness that he calls "Percent of Perfect Profit." First you calculate the equity curve that would result if you bought the low of the bar and sold the high of the bar, on every bar. That is the "Perfect Profit" equity curve. Then you compare your actual equity curve against the Perfect Profit equity curve and see what fraction of the theoretically available profits, you actually captured. Since it's a percentage, it's easy to compare between different tradeables, even tradeables that are denominated in different currencies.
Pardo definitely undershot the target....LOL With respect to ES and an EOD bar, the target is not a % between 100 (Perfect Profit) and breakeven (0%). Any ES intraday trader can look at an intraday chart. He can print it. He can, in hindsight draw some lines on it. What is the average value in Perfect Profit of the difference values of the MLR line for the day? It may be possible for those who follow reversion to the mean to see that price crosses the MLR line a few times. You could draw horizontal lines on the chart and note how many times the price went through each line. Some get high scores and those nearer S and R get lower scores (number of crossings or touches). How long must a person diddle with lines (even the intraday trendlines and channels lines) to get the idea that if you are positioned for each move and take profits from the beginning to the end of each move that you come up with a number several times the Perfect Profit? Try starting with and EOD bar and expanding it fractal by fractal so you can see what the bar is composed of. So you think he is saying use your 30 second bars and do the calculation for each of the 30 second bars during RMH. LOL. A good intraday trading day is a mellow combo of about 20 to 40 actions. A profit taking on 5 min chart of every 4 to 2 bars. A profit taking of every 20 to 10 minutes. Add up the profits every 20 minute or every 10 minutes and see if you come up with an answer that is greater than the ET long term daily average of 1 point on the ES. Draw lines 1 point apart throughout the range of the day and connect profit taking lines from one extreme to another every 10 minutes and repeat for 20 minutes. Get in mental shape to understand how the market works. How long during any day does it take to make one point? LOL.... Perfect Profits....Poof....