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How much TA does it take to model the simple fact that price and volume flow like waves on a beach? Have you ever sat on a beach for hours at various times of the day and night simply watching the tide? Watching a market on a one-second chart yields the same experience and insights. TA? My...

Sans doute, ET's very own Jack Hershey. Education doesn't get any cheaper than free.

Perhaps the attached chart of NQ following today's open will help to demonstrate the inutility of this indicator.

If so you must be from a dollar-pegged country: Netherlands Antillean guilder, Aruban florin, Jordanian dinar, Bahrain's dinar, Lebanon's pound, Oman's rial, Qatar's rial, the Saudi riyal, Emirati dirham, Maldivian rufiyaa, Venezuelan bolivar, the Belize dollar, the Bahamian dollar, the Hong...

Depends on your home currency. With the Zimbabwean dollar, most assuredly.

Attached is a quick way to grasp whether long or short is faring better on a Hershey-like reversal system. The lime line is the approximate profit in the previous long reversal. The red line is the approximate profit in the previous short reversal. The black line is zero profit for quick...

Don't work much any more, except to try out weird ideas to keep algorithm and coding skills up. Happy with what I have.

Jack says "Do my work!" I say "I'll do my own damn work!" My problem is that everything I do now I had the tools to do twelve years ago. Absurdly simple shit. But I wasted most of the intervening time doing other peoples' complicated works.

Kurgan started two threads on the use of Boolean logic in trading. Both turned sour. So I am creating a new one as a serious continuation of the topic and as a little gift for Jack. Attached is an example of increasing trade entry confidence by requiring agreement between multiple methods for...

I can and will help him, if he so desires. With an open hand.

Jack(s), you are in prime form in this post! Mein Gott, I do love you all! Have a great weakend!

We are doing the opposite. Hunkering down. Preparing for the possible necessity due to increasing infirmity to downsize about 40%. Took a detailed home inventory. The wife has over 100 pairs of shoes! Forty pairs must go! Friends to make it safer? I live on a well-gunned-up street...

I am brewing up overnight an example of the PV relation at work on the tick level. If everybody plays nice I'll post it.

Here is a perfect example. Since long before even you were born, market mavens defined a parameter they called "volume." What bullshit! "Volume" is shares (or contracts) per unit of time, the first derivative of the "size" stream on the tape. Not realizing this, it is easy not to ever think that...

Yes, I understand, I have my treasured antique possessions, too. The oldest and my most favorite thing in the house is me.

"...the oreintation of those who sell platforms. they do not know how markets work nor do they provide complete high utility platforms." Totally agree. I has taken me years of trial and error to get visually useful, computationally efficient representations of the tape, statistics on the...

As a dimly related aside, when I was brushing up on the capabilities of abaci for another thread, I lernt that they make abaci in binary amd even hex! Great for keeping track of the states.

Not to regress, but do we have a hidden virtual evanescent imaginary half-bit in there for "flat?" But of course you dismember that I have asked that before.

Remind me please, Jack, are the grey bogey men A/D-ing shorts or longs? I always get confused about that. Especially the guys who are hedging. It really hurts my head.

I can only afford to be generous to ET for so long, you know. My mind is filled to the brim with useless trading ideas I don't have time to code and test. And with practical problems like the tradeoff between throughput and VWAP calculation accuracy.