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I generally keep my peace about Grob109's diatribes against what he calls "edge" trading and the system trading mentality and approach. But the previous post and several in recent days so egregiously misrepresent my mindset, and that, I suspect, of others here, that I cannot let them lie...

Are you asserting that traders with foreskins are better market analysts? If so that would be an ET first! Maybe Appalachian white trash does have an advantage over city slickers! As my pappy allus sayed, "I was never circumsized, but I can skin it way back!"

TA purely and simply is superstitious numerology packaged in wildly misused mathematics by illiterate charlatans to extract money from the guileless who are grateful to be parted from it.

Dunno 'bout that. I like single tick charts, but when I tried tick intervals I couldn't get any sense for the velocity of price change, much less acceleration. It's a visceral kind of thing for me, ya know? I like to imagine I'm on a roller coaster, seated upright when price is falling and...

Yes yes I know the definition of tick intervals but I want to know what you think the real value is I mean why not pick a second?

Could you please educate me on why you are using tick counts rather than fixed time intervals? I have never grasped the utility of that. TIA.

Wiles, you fat old fraud! Everyone but you knows that the VWAP is just a contrivance designed by brokerages to suck people into making an uncancellable commitment to buy at a disadvantageous price. It has absolutely no technical analysis significance whatsoever!

...but have you analyzed your OWN chart lately? Looks inverse hyperbolically asymptotic to zero to me. You are a CFI!

Jack, I find your fight or flee reference emotionally appealing, but I don't intellectually grasp its relevance to trading. If I flee, I don't trade. If I fight, well, we all know where that leads (Don't fight the tape, don't try to get even, etc.).

The only people who care about which way the market is moving are those who can't or won't short.

Thanks for the link. Interesting. Perhaps I phrased my question poorly. I wasn't suggesting that there is any tradeability to what I think I observed. I simply wanted to know if anyone understands the underlying market motivation. An idle, non-edge kind of question. As to my trading style, I...

From time to time I return to consideration of time and sales in the hopes that I will see something there. In my most recent attempt I progressively increased the volume filter, in hopes that looking at only large trades might yield some insight into what the smart money was doing. That assumes...

Is this thread moderated? If so it should be closed. the person hypostomus is in a place of "fear". He puts harmful pictures into peoples heads. These hermetic posts show he knows nothing of making moneys. he is just another ET limp noodle. A linguistic weenie. He does not know what...

I believe that system development has a place in trading, but that that place is limited to punctuating the day with signals which reinforce and support simple trend trading principles. The problem with system trading, as the estimable Linda Bradford Raschke pointed out in her recent Active...

Thank you for discussing your monitoring priorities.

The Irwin Guide to Trading Systems by Bruce Babcock is a good place to start.

INDU is refreshed every two seconds. Since automated arbitrage programs work faster than that, what do you think is happening to cause the discernible lags between INDU and YM which you exploit?

Are you speaking of curvefitting or optimization in the positive sense of modeling market action accurately or in the negative sense of fallaciously modeling a random price sequence and regarding it as deterministic?