thanks magician. very practical approach to PA. the funny thing is if big institutions do most of the market making, you can add a quality control feather to their caps (as each instrument has orderly performance metrics)
I understand you have some coding skills?A couple of Q`s,if i may. What your reference point would be for determine the sigmas?Close,open,high,low,opening range,etc?I`d be interested in coding one rule,which is #1,but not a programmer.Please,let me know if you could assist. Cheers!
sigma is a fancy-term for standard-deviation. So for example, if you use Bollinger-bands at 3 stdev, you identify all 3-sigmas events wrt that particular MA.
Yes and No. Yes, he probably stumbled across this stuff googling everything he could think of. No, he doesn't have a clue (welcome to the club). #1 Another trader trying to help me privately also mentioned building strategies based on points the market creates - higher high, higher low, lower high, lower low, etc. so I think it has some merit. #2 I have never expected anyone to give away valuable information here. Now that trading is a hobby for me again, I can appreciate the ideas for what they are. Hell, I'm starting to lean towards the good natured traders here helping others aren't what they're cracked up to be either. The banter keeps site traffic up and more importantly uninformed money in the market. What I wouldn't give to have a real life mentor...
Never expected anyone would share anything for free?Then you won`t have anything,ever.THE MOST VALUABLE THINGS IN LIFE ARE SHARING FOR FREE!Only you`ve paid the price yet, by the time you get it.Should be ready for that. The reason i shared this information,was that i wasn`t a programmer,so there was no reason to keep it for myself.Shewhart charts,if coded properly,could be very obvious.What i personally use,is semi-automated and i`d rather keep it for myself,even though there is no secret in it,too!