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    Extraordinary Popular Delusions & the Madness of ET

    You DO need to study some DSP. If frequency analysis DID work, it would be Laplace transformation, not Fourier, because of the necessity for causality in time processes (no effect before cause). But, yes, I do believe that frequency analysis is already in everybody's heads. Maybe not the...
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    Extraordinary Popular Delusions & the Madness of ET

    Most of what I do didn't come from ET, but not for lack of trying. I have found that signal analysis offered the best ideas. Joe Doaks taught me what I know about that in private tutoring. Good thing for you to go look at. Not Joe, but signal estimation theory.
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    Extraordinary Popular Delusions & the Madness of ET

    Felicitations on your educational and career choices. I presume you have extended your skills into algorithm development. I have found that coding up what you think you observe is very intellectually stimulating, and even occasionally produces a trading nugget. I find here that I learn less...
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    Extraordinary Popular Delusions & the Madness of ET

    What? Are you attempting to have a rational dialogue on ET? Doesn't work. Rather than circumstantial I would characterize these arguments as circumferential. Fell free to debate. NQ is trading at an alpha filtered volume level of 112 cars/minute, so I am all ears.
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    Extraordinary Popular Delusions & the Madness of ET

    So there I think we pretty much have it. We have identified and analyzed the major delusions in trading: Altruistic Charitable Disclosed System Physical Linguistic Semantic Complexity Diligence Autobot. Is ET any the wiser for it? As a trader, I certainly hope not! Thank you all...
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    Extraordinary Popular Delusions & the Madness of ET

    Well, enough on that delusion. Let us now direct our attention to another, equally fascinating and baffling in supposedly grown-up people, the delusion of physicality. As I write the price of ES is 1433.25. Not 1433.pink or fluffy.25. It's a firm numerical value. We use hard numbers to measure...
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    Extraordinary Popular Delusions & the Madness of ET

    Indeed, OddTrader: "You don't need more self-control, you need lower latency and faster execution." "You don't need to understand market mechanics, you need an autoadaptive digital signal processing indicator." "You don't need more patience, you need lower commissions for more trades."...
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    Extraordinary Popular Delusions & the Madness of ET

    Kind Moderator, though I have not met Dr. Elder, my belief from careful study of his site and consideration of his camps is the following. He is a physician, and all physicians love boondoggles. He and his followers go to trading camp in locales like Costa Rica to play golf, booze it up and...
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    Extraordinary Popular Delusions & the Madness of ET

    I will here treat, with the greatest intellectual rigor tolerable and comprehensible to ET, Extraordinary Popular Delusions & the Madness of ET. As ET has an inexplicable habit of effacing erasing but not embracing critical thought, I shall not invest much effort in the task until it is clear...
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    Anti-System

    Please do not demonize NQ traders. They are fetishistic, to be sure, but all trading is. Trading intraday on the limit order side is merely ritualized larceny, so market order traders take every advantage they can find to avoid victimization while still getting their fix. In my experience...
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    New Report

    Doxaparically, references to NQ in ET posts are given large negative (and therefore positive) weighting in the SOT algorithm. Presumably this is because volume analysis of intraday NQ bars reveals absolutely no significant trading at channel extremes, and because price leads volume at almost all...
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    New Report

    Mr. Thunderdog, as a trusted advisor to the Carter administration and a venerated author of Girl Scouts pamphlets, I am unaccustomed to your aggressively disrespectful tone. Plus, it is Happy Hour in my time zone, and I am at the moment a little slow. To postvaricate varicosely, the SOT itself...
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    New Report

    I am so sorry, Mr. Thunderdog, but you just added 17 points to next month's report by the use of the key words "rich" and "quick". Also, I am minded to recommend to the commission that they add the freuency of posting during RMH as a scoring criterion.
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    New Report

    I think that it is too early to tell about the SOT's prescience as a trading tool. My patients and private correspondents are all highly bullish at the moment, eager to find more funds to plunge into the market, when it looks to me like the S&P 500 is making a double top. So I think this is a...
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    New Report

    Commodity Futures Trading Commission Released 2:00 PM Friday 22 September 2006: "The CFTC is pleased to announce the creation and monthly publication of a new report to assist futures traders in entering and exiting positions profitably. This new report, called The Stupidity of Traders, is...
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    Why does technical analysis work

    Dear Mr. Hershey: I have had Hypo heavily sedated since the last time you mentioned him in one of your rambling posts. You may have noticed that not only has he refrained from attacking you recently, he has not posted at ALL. So just when I had given him common room privileges with internet...
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    Humbility

    And I thought today was going to be a smart day: http://www.elitetrader.com/vb/showthread.php?threadid=74105 As Rummy says, "It is what it is." Complaining about the market rallying when you have a bearish bias is like complaining that only fat girls like you.
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    Humbility

    Here http://www.elitetrader.com/vb/showthread.php?s=&threadid=73451&perpage=6&pagenumber=9 we have an extreme example of the antonym of humbility, arrowgunce. Marketsurfer tempts fate by shorting oil, and Hypostomus presumes to question his better. (Since Hypo's wife objected to all the...
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    Humbility

    Thank you all for posting. I think you get the point. Cheese, if you will due your do diligence, you will discover that I am a real person of some repute and that Hypo is the sock puppet.
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    Humbility

    "Am I a genius..." http://www.elitetrader.com/vb/showthread.php?s=&threadid=73850 Does the market reward an attitude like this?
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