Just one testable, objective definition, not an example. There is a huge difference. As I have said before, I have no issue with subjective TA-- maybe it works for you-- However, it isn't objective and cant' be programmed, in fact it cant' even be defined as you are so readily proving. surf
Thanks everyone for making "surf's special situation journal" the 12th most popular elite journal of all time during its short 5 month life with over 100,000 reads. I will continue to bring you cutting edge calls from the Price Driver system and all kinds of fun mirth and good reading. enjoy! surf PS-- continuing to hold long YM and short HLF http://www.elitetrader.com/vb/forum...r=1&perpage=20&sortorder=desc&sortfield=views
Broski, what you are asking for is my system, as this "definition", in order to test it, would require me giving you step by step instructions which you could then apply to ALL trading situations in which this definition arises. This is what I already do! And what I worked very hard at creating. Not going to give it to some internet chump who baits me. Keep talking to your egghead PHD's, or maybe even try crowdsourcing. Someday, you may have something that works too. Many ways to trade using TA.
Not when your system is OBJECTIVE. Then, it's just a matter of waiting for the setups to occur. Subjective methods, that's a different story. Very very tough to reverse engineer those.
Surf can't distinguish between the way institutional money managers are forced to trade/hedge/invest as a result of the amount of capital they must deploy, and the small retail trader who exploits this fantastic inefficiency caused by the very size that prevents any single institutional trader/fund from taking everyone's money by simply sizing up into infinity Brother Surf is the King of Specious Arguments
I used market surfers posted list. Most were losers and I recognized that the value could have been a winner for me on my system technique. I looked at how long my current market context was happening and jotted down the times. Then I posted my post. Consider the percent of my all my capital I have in the market. The numerator is what is making money; the denominator is my total capital. The percent is 94%. In ES, I use 1500 dollars per contract. On any information display, this is represented by 30 points since a point is 50 dollars. Surf posted annual percents; most were single digits. One was 20%. 20% in PVT stock trading is two turns where a turn could be as long as 5 days. In PVT trading three things are used: An ATS Universe, 5 rules for trading using volume as a leading indicator of price; and an account which applied 94% of total capital. 7,000 stocks are filtered to 100 stocks to get a reliable universe. For any day, the available HOT list is ranked by performance as part of the list construction. This is a very precise and diciplined set of hoops to get through. therefore, over a year 6 doublings of capital occur. The captal sequence is: 1>>2>>>4>>8>>>16>>>32>>>64. As a percentage this is 6400% 20% divided by 6400% is the portion of 240, 6 and 1/2 hour days that, pro rata, would be consumed. I was liberal in my prior post. AS you say you have watched people work to develop skills and knowledge. Some day, you may meet others like Donna or me. We do GTM's daily for up to bar 30 approximately; today that would be 6 profit takings on six trends on the 5 minute time frame. The opening range was traversed twice; the range expansion was traversed. then half ot of days range was half traversed three times. An entry and five reversals, all event based. Thus the AM trading was a multiple of the ATR; the PM trading will be the same. To me, surf's annual retruns of losing HF's he thinks ae going out of business are a joke. People invest in these jokes. Surf introduces people to these HF's I trade stocks using three MLR's of relative duration. The humorous name for this angular velocity comparison and signal generator is "pinwheel trading". We created it as a joke. How high velocity trading works is having a system that names every bar, bar-by-bar. The names are precisely and uniquely defined. Further the names fall into three sets of 10, 11 and 35. 10 apply to price, 11 apply to volume for trend analysis. A two HS in a complete algorithm with a PM in the form of a vector, define the basis for the naming of all 56 elements. Trends, as you may know have beginnings and ends. The list of names of these is 35 elements long. 10 subsets are named to classify these 35 unique ends. A complete mathematical system emerges that bar-by-bar fully and wholly descripes the market at any moment of its operation. There are no noise, no flaws or anomalies. You , as you say, watch people work, This empowers you, you think, to tell me to get a grip. As I trade I have feelings of comfort, support and confidence. The reason is, is that I always "know that I know. I have a log that has columns. there I perform a test procedure. My log has the columns of names in their perfect relationship. I have 10 tables of the subsets of the End Effects; each is mathematically defined. I know to do the procedure to get permission to do the test procedure. I know if the test procedure fails to yield a rsult of H1 of the agorithm, that then I do the work to anayze for the H2 End effect. since the 35 End Effects are complete and each uniquely defined, then I know I know to reverse to take profits of a completed trend and then to be positioned to begin to take profits in the ensuing new trend. I have all of these items on five sheets of paper;three for End Effects and one for a log and one for permission to use the test procedure and the test procedure. How long does it take to be able to use the sheets flawlessly. About 40 hours of what you say you watch people do. Do you want me to post the five sheets. No, you do not. You know the reason why; so does surf. Now you know quant strategies do not work and I have explained why they do not work.
We have now pushed over 400 YM points in the long Price Driver influenced trade. Holding long here. surf I see the thread has been highJACKed--- i suggest putting this guy on ignore, as I have just done again, there is zero value in the rants.
I gave him the simplest non subjective "setup" in the markets. He could "grow" his capital as long as he wants. Three consecutive accelering volume bars at the beginning of a trend, where he enters at Acceleration = true. He exits before zero profitability or the end of the third bar. He may not know a programmer who is sophisticated enough to write the ATS code or forward test it.