Jack, I would be interested to see how this all shakes out in your approach. It seems to me then that you are working through the feedback loops and making maket adjustments in accordance or in sync with the market... your rules for adjustment have been predefined it would appear and I envisage that all translates to combinations of bids and asks that may on occassion overlap and be used in unequal balances in order to reverse positions e.g. 3 lot long position is railroaded by a 6 lot short thus reversing the overall position but maintaining a foot in the market at all times... and thus maximizing the profit.. on that basis I can see that thier is no "prediction" as such only reaction... although for the untrained this represents a Psychological barrier for some because one effectively may be considered to be chasing the market.. which ofcourse is actually a very newbie thing to do. From this I imagine the speed of reaction in your system is second to none... it would surely have to be... so most retail accounts and high RT cost environments are out Isnt their still an element of anticipation and if so does that constitute a predictive quality? Certainly I would imagine the system would need to have been refined using some predictive assessment in order to best work out the necessary actions according to various market permutations.. In any case I believe I grasp the nub of your argument and style of trading..., but do you mechanize the reactions and adjustments to your market positions or are the adjustments manual out of interest? PS Ive just realised your the dude with articles everywhere in relation to various scalping methodologies... nice work.... all the best Paul
Ah, dear Jack, finally a quantitative quote one can nail you on: "...it continually extracts almost every drop available." Now being literal-minded, "every drop" means to me taking all the limit order traders' money. Yet day after day I see that collectively they continue to make the spread, and more, despite your best efforts. I will know you are not full of shit the day that the markets collapse because LO traders can't make any money any more. And anyone who truly understands the markets knows that if you ever show up on big MM's A-scans they'll turn up the beam power and your method will be toast.
Could you please describe what an A-scan is and how the MM's, by turning up the beam power, could fry JH's protcol? lj
Sorry, it wasn't a post meant for anybody but Jack. He's an old sparky like me, and knows what a radar A-scope is. Has nothing to do with trading. The point is that IF he is successful enough to cause index future MMs to make noticeably less profit, then they will fade SCT. Grudgingly, I have to admit that I think I see that to some extent. Which is why IMO there is endless whining on Spydertrader's futures thread wondering when the real FTT will stand up.
I could post real time signals if you wish. If I do .... will you promise to F****** shut up? ( I trade a derivative of FTT so I won't promise 4 X ATR, will 1.5 X ATR shut you up? )
Goyim, I am sure that all of ET would thrill to a journal of real-time SCT trades. They would prefer it from Jack, but you'd make a suitable proxy.
Ah! My only experience with A and B scans is with respect to modes on an ultrasound apparatus. It is a revelation and a wonderment to see how the BSD's (from Lewis' "Liars Poker"), as I like to call them, bedevil JH's efforts by creating faux FTT's. My guess would be that they wouldn't have to faux it for very long or by very much to make things miserable for the practitioners of the Hershey SCT methodology. But then that is just a guess and perhaps he's already figured a way around it by using some sort of volume filter. But then that gets into the whole ERF-Gaussian thing, which, although beautifully discussed here http://mathworld.wolfram.com/Erf.html is not something I want to abuse any of my neurofibrillary tangles with this late in the evening. Thank you for your courteous reply. lj
Journal my ass. I don't have time to teach you how to trade. This will be a private room, time stamped the entire day, with an ET moderator to monitor and verify the EOD script. I will free up Tuesday, August 14, 2004? I will need you and your multiple aliases to no longer post on ET on any matter pertaining to Jacks Methodology. After the real time results are posted, any post you or your multiple aliases make, results in erasure of all your posts on ET pertaining to Jack. And a lifetime ban on your IP. Do you agree?