Im glad you are entertained, but drills are a key to learning. Avoiding it with out knowing how to program can mean guaranteed failure to a learning trader. I'm sure many would agree.... Unless you are Nostradamus !
The missing elements will never appear and have never been revealled because the system is a fraud. You can not reduce an open system like the market to a mathematical system. The market is not a closed linear causal mechanical system. Each moment is a new beginning. When there is a terrorist attack and the market reacts how would your channels have predicted this. This is an extreme example but this is exactly how the market works.....news, roumers , earning reports, fat finger, endless new information entering the market impacting the supply and demand dynamic. Trying to follow and measure this using a mathematical model will not give you unlimited predictive power. Your channels will not always make sense. Yet all you need is price and volume. The market reacts and reacts to the reaction. There is nothing else just the endless cycling of supply and demand. You can watch it all unfold when you understand this simple dynamic. You can build a successful system based on supply and demand. The reason jacks followers try so hard and get nowhere is because they reach a point where the mathematical approach ends. You will need to come up with a special rule at infinitum and the system will become infinitely complex..And here Jack resorts to his conniving ways, being vague, tell you to develop your mind, change rules, introduce new BS. It is so simple even a fifth grader can get it yet no one ever has. He is playing you in a clever way, he appeals to you and blinds you with the lure of the holy grail. Once he has you hooked you will never give up and your ability to stay critical and objective is mortally compromised. He has your emotional brain controlling your rational brain. You will overlook even the most obvious and you will see his faults as your own. The fact that you have fallen for him is a sign that you will probably never become a successful trader. You seem like a nice person but stop being naive and a little Hershey's kiss. Wake up before its too late and you become the full size nutty Hershey.
Absolutely.Trading is about to be passive and wait to respond to provocations instead of provoking responses(hershey wise).
There are many ways to make money in markets. RDBMS is the system I feel has fewer moving parts. I use 56 parts and, for me, I state them in an algebrais manner that includes using a "failsafe" complete expression for each part. I know you have created an infinite orientation for yourself. Because I have been around for a while, I have seen conditions, situations and circumstances where the markets are going through rapid change in the dependent variable. I have also seen markets closed by their operators. Because I use the independent variable as a leading indicator of the dependent variable, I feel supported, comfortable and confident when I am in the markets (from the open to change of margin daily). You believe I use just channels; they work effectively and efficiently. I also use additional degrees of freedom. For many many years I have stated that I find there are about 70 degrees of freedom that are useful. Below is a basic outline of the scope and bounds of what I use successfully. I carry over from day to day. All relative contexts must be degapped all the time. This simplifies the mathematics (Algebra). I measure the trend before I measure End Effects. Price serves to tell me when I have permission to measure the independent variable. It also tells me when I have to wait in my position. The independent measure is done in three parts as a sequence: 1. determine if the volume element is repeating, 2. determine if the volume element is already part of the trend in progress. 3. determine if the next element in a trend is just occurring. The above gives me the trend context which I keep track of in four ways. Thus, in the absence of a trending context, I use a uniquely defined and uniquely possible End Effect for that moment. The occurance of an End Effect, for me, is a signal to reverse. QED. You mention several forms of market disturbances. For me, in these cases, I become aware mathematically and visually because of pane hi-lighting during the formation of the current slug of information (I use 300 second slugs, nominally) These events all have subtle forerunners. I become aware of these the same way. Thus, I have made arrangements with the owners/operators of my trading platform. So far, my greatest single expense in the poorest handled account has been 4,400 dollars. For whatever reason most account net positive under such circumstances. Again there are many many ways of trading successfully. 4 out of 5 persons who glance or even look at what I recommend, reject it. This means I have a lot of acceptance. If you know of any approach that has more acceptance, please feel free to mention it. The above information may be helpful to you for making a comparison. This thread was entitled "volume". The OP did what he does. The thread has little residual value.
Jack, I noticed you mentioned the Dr. Hu document again this past weekend. Would you consider trying again to post the document here? -river