I know this was a whole bunch of pages ago, but I think I remember enough of the Sherry book to give it ago. (BTW Lefty, your recent explanation of stationarity was pretty cool). In this case, aren't you comparing apples to oranges? You do your analysis on 5m bars-- I assume you do a test for stationarity, and then serial correlation with some bells and whistles of your own. But isn't stationarity between timeframes independent? Sci's time series (IIRC) are tick data, where there are significant cost restraints on random behavior. I.e., survivorship-- by the time you get to firing full clips, you're not a button-clicking n00b. Some parametrization involving trade size would automatically filter out the nonstationary periods for that time series. (I'm just guessing-- you guys are the pros) In the compound interest equation, the compounding period (number of trades) dominates the interest rate (return on trade). This is not to say that one can't make a good living from a profitable system that trades less frequently-- if that's what you do, more power to you (I'm still learning to trade my way out of a paper bag, personally), but to maximize one's return higher frequency seems an obvious step in the right direction. Anyway, my $.02. Congratulations on being successful doing what you love to do. Best Regards, Laz
Wave..... Considering the source, let me say thanks for the compliments. As to your threat: Oooooohh, I'm scaaaaared. ;-)
Didn't expect much from a 13 year old. But I was guilty once of sending some email to a kids dad and sorted out the matter. ))) BBG
Because I am going to make your life miserable if you keep up your current behaviour. You better change fast pal. BBG
I'm sorry if I got something wrong here, I thought the first day that you just sent charts / analysis, not calls. However, you sent some clear calls etc yesterday, and it was all good stuff. Generally speaking, you seem to see most of what I see, you know all the important levels etc, and you know where to place trades with very high probability and little downside. And you know all the truly relevant market internals and how they work together, truly well. Only thing is I don't think you're good at tape reading or depth reading - if you read any of them at all. The truth is; If you can't read them, then you are missing the most important market internals and you will likely not be able to beat me in the competition... That said, I think you're quite an excellent trader you know. You call my naked charts "albino charts", but I just wonder what would happen if you took all those "crutches" away that you have on your screen, to see all these things I can see with my bare eyes. I bet you would actually get up and realize that you can walk totally without them... And yes, there are a bunch of excellent traders in Bryce's room, that know exactly what to look for, and how to nail a good trade. They account Bryce for their success, and they're real people, some of which I had conversations with. One of the guys I personally became friends with is a degree engineer for a major IT company in Germany, and he certainly doesn't take nonsense. We have been chatting live every day. There's people from various countries and combinations, even a couple that trades together, and both of them are pretty impressive, yesterday they took 16.5 pts off the ES, in 12 trades (Tom & Valerie, as you mentioned above). And another guy, somehow he both trades and works as a TV speaker on Bloomberg in the UK, some of the "insiders" will know him from the TTW board in the UK under the name "sunseeker". So yeah, there are some pretty cool people in Bryce's room, and best of all, none of them flame. It's a shame that ET has to be like this. The people here are just talkers, none of them are real. I think some of the folks here would be rather shocked about the atmosphere in Bryce's room by comparison. Ah and yeah, by the way Bryce, why can you be civil, intelligent and on the case in your room, but come here and make a total dick out of yourself? Let's face it, you're just being a total ass here, with repetitive nonsensical insults etc, and it's making you look dumb, emotionally unstable, and non-credible. Why do it? It's almost like you're putting on some dumb act, and it's not funny. If any of the folks from his room are reading this - go tell him. Bryce, it's probably best to stay away from ET altogether. If it pulls your strings, why expose yourself? It won't help your trading being in this mood, that's for sure. Listen to Steve R, he was right all along... S