for the green above, I will take you through the "steer and focus." As you will see in an hour and 1/2 with a range of 3 points it is possible to pull over 11 points ordinarily. Lets just step through the looking glass for a while since it is the weekend. I will put up some graphs that relate to about ten different periods of a usual day. Here is the picture that is in force: the pattern and the rigorously determined ratio of nesting fractals. This is taken up to 70 degrees of freedom in a very orderly manner. Consider a data set for making decisions in the lapping routine of MADA or OODA. There is a lot of research on what is needed to do what. I like Lo as an example of definitely undershooting the target and willfully drawing conclusions. woefully is a better term. A differentiated mind really rolls along and can handle 6 or 7 items in a mix at aconsiderable rate (100milliseconds) Trading with data sets is kinda like a delete add record flowing at a given lapping or looping rate. This does not imply or infer a "freakout" type OODA operation where "rebetting and testing" is always going on. sub and sub subs are observatble on the main charts, YM and ES; more on YM, though. What is going on in trading is the evaluation of an "either-or" condition. The HS extablishes this. We focus on the completion aspect of "continue" of hypothesis 1 as the money making ultimate vernier. As SKO pointed out through his question series, there is a "window" which we designated "first chance"and "last chance" for its sides in time. Look at the nested fracatals and figure out how each has a window according to the fractals place in the envelopes. The coarse to fine was intended to illustrate this and, as seen on the google, the phrase is THERE in the first reference so stupidly tagged first by google even though it is a 2007 reference. So spendid of them to keep the focus on skills and fineness. This means optimally carving a turn falls under your question and focus directly and emphatically. Narrower and narrower windows occur as we go to fast and faster fractals. What could be nicer. The offsets of the beginning of the windows is neat too. The market "telegraphs" its calls to the trader. This affords optimizing and not needing to use any probability stuff either as in OODA. I posted for many years the order of events of sensing. The Sweeps Chart of nine tables integrated the "sweeping" and the signals seen. For years this has been public knowledge and tested privately. In time, an ES pattern is approaching completion so the "continue" choice is going to become a "change choice and hypothesis 2 goes into effect. This was the C and X of the four months boot camp where we went through the six levels of skill years ago. Most people who attend the global meetings have met NEOXX. as the thrird move of a slow fractal begins, the next faster tractal is beginning three moves to get to the end of its continue, etc, etc, etc. When it is time to leave the fastest observable fractal on YM, we already know the price of the profit taking. (See talontrading for how to miss this) So the rest of driling down on the pattern application is to take the trade at that price when the price is reached. Those who do not use market orders miss the trade, it turns out (maybe 20% do catch it by FIFO means but that means they have the potential trade on for reasons other than optimum SCT trading and they are not high money velocity traders meaning makinga lot of money per unit time). Doing the carving requires hitting T so the partial fills all get done at the price. So moving your eyes to the Wall has happened. You are looking at the first and second derivatives of S/S as well. You annotations are in view automatically by electronic transference from the ES to the OTR chart. Some screwups still occur because of platform lack of sophistication, however. This is a switch to market profile since that is how OTR operates. The pattern is enhanced at this point since dominance is the sensing mechanism. On OTR you carve the turn using a profile on one pane and straight volume on the other pane. A two pair view is the final drilled down pattern observation level. this is like the nature of your first Q about minimum # of bars. The volume pattern is a greatly expanded view of the anchored volume on the P, V charts. If platforms get to the universal variable stage in the next few years, then the math gets very simple and leap frogs way beyond the stat orientation. we are now way past stats but is like the potential degrees of freedom are in another realm of sensitivity. Imagine just making code from a person's eye movements where the screen has some display capability. The main feature of a profile chart is the variable speed of the display. The turn @ the wall is most interesting for training the mind. Having the PEPE wall and the annotations on the OTR is like Apollo Ono plotting a move on the 500 meters. You know the DOM Values have three games going and you see the OTR volume as the T&S graphically. As Google corectly steers people to fine volume in the first citation. That is where the 70 degrees of freedom winds up for the fastest fractal going through the third move to end "continuation" and punctuate into the picture, the hypothesis 2 "change" logic. The statement "volume decreasing" is succinct. Price, then and immediately, is using retrace values and the market is BEGINNING all the patterns on all fractals at the same moment. This verifies for anyone how the windows are offset on the nested fractals. The windows are offest on one side only and the right sides are all coincident. This is the optoimum thing for traders and ATS's with regard to taking profits. Obviously OODA does not allow traders to do the trade at that point. That is logically self evident. When they miss they are in the beginning of DD regardless of the sign on the P&L unrelaized profits column. So optimization on trading strategies comes down to shifting from fractal window to fractal window to do the squeeze. Look at the Larry Harris column and see what is at the bottom box. In four of my defined generations, I have seen the same order of events occur as far as the order of Q's that attend acquiring expertise. Drilling down into the data to carve the turns optimally is the name of the game. I would love to see platform capability get established to do reversals on a partial fill basis... So far running multiple accounts seems to solve several problems , especially reverse engineering. When you get inside of 20 to 30 seconds in terms of leading/lagging indicators, the two pair dominance on the OTR of the traded is the best bet. Quantifiying this on various trading levels is not difficult. For a person doing 15 trades a day, on that fractal, looking at effectively carving, you get two ticks on each side of the trade. Doing the math suggests 15 trades add 15 points to the take per contract per day. Relative to a 50K amount of capital this 15 point addition per contract is significant. By looking at an OTR chart it is possible to see what 2 ticks looks like in terms of the height of the pane. It is very much in view as a part of the pattern unfolding. If this is handled by filtering and gating, then the ATS goe to the correct place to look at the corect time. Having a record keeping system is part of this. Records are dumped after they have cycled. The container is then engaged by a gating process when the respective window is opened for viewing. For anyone reading this from a CW orientation do not worry that you cannot process the text into your context of reasoning. the way you have reconstructed the past (your active memory at this point) eliminates understanding this stuff.
You still haven't answered my question and it's very simple. For the record, Jack, do you stand by this claim of yours or not? I do reach my goal of 3x H-L in ES as a practice. http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=#post912447
Bar 1 has P and T and more volume following towards the P It has crossed the prior RTL @ the T of volume. Bar 2 is dominat and has increasing volume over the post TRL volume of bar 1. The second P is on Bar 2 @ an enven or odd harmonic point. Bar three is light volume. Bar 4 completes price move two early on and volume picks up after that taking the third move to a close on an FTT on dominant volume in the third price move. If this were four ES bars over 20 minutes , you could amply see these moves on the YM leading ES particularly at the turns from dominance to non dominance. In 20 minutes there are ten bars involved. On the OTR you have a place for carving the turns to make the extra ticks. the number of bars there is quite alrge. By turning to the S/S whic raps out abar a minute you get to see a fast rising column and then a dip in magnitude and finally a lesser rounded column. For the three bar version, just squash bars 2 and 3 into one bar OB if you like or a X R and make bar 4 a sym. All versions are a long pattern. B3B 2R 2B. the portions are divided mostly with an intrabar intrabar timing.
Actually, what I did was show that buying YOUR "0 to 7 turn" on 1000 stocks from 2000 to 2005, using spydertrader's code for the scoring and exiting 5 days later, performed no better than flipping a coin for entries.
Unfortunately you missed out because, as we can also see, you exited on Feb 9th -- just before the big move. You can't have it both ways Jack. If your buy date counts, then so must your sell date. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2747381>
What part of this picture don't you understand? http://www.elitetrader.com/vb/showthread.php?s=&postid=2747381#post2747381 This is pathological shilling.
You have some fairly lame excuses here. The market went up 2.5% that week and Jack zeroed in on a list that did 9% in only a 5 day part of the their cycle so you negate the 3.6 times the s&p in 5 days and argue that clearstation is wrong. Thatâs not the strategy here. It is to cycle 4 streams and have a list ready to buy something new. Is there nothing in there that fills the bill? You have read Jacks explanations a thousand times, and keep begging for proof. Is this all going over your head? Can you see whatâs going on? You try to get Jack on your chessboard by flaming so you can learn something. Jack in turn uses you as a foil to make a point for others that read. You end up on Jacks chessboard as cannon fodder. From the outside looking at this you look like a bunch of ankle biting trading midgets crying show me, show me. Have you no dignity man? S
666 is well-versed in Jacks stuffs. You are preaching to the choir, teaching a fish how to swim and so on so forth. But if you just want to show off your knowledge on PVT then go right ahead.
For years I have been fascinated that detractors of Jack and SCT have failed to offer up coded refutations of the method. It takes all of 15 SLOCs with an algorithm which does minimal processing on the data, such as the attached. With such a model in hand, it is easy to either prove or disprove the method. No ad hominem attacks, no "I can't make heads or tails of it," no "it's far too complicated to work." Just simple observation of prediction and results.