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  1. L

    nice spike

    I had the markets I follow (Euro, ES, Crude) as being in "no man's land" at that point, so a move either way would not have surprised me.
  2. L

    What's your Exit Strategy

    I don't disagree that "always in" is a viable approach, I just disbelieve, strongly, that it can earn anyone 3-6X the daily range. At that point, a trader would be so far beyond what anyone else earns that it would be fair to say that trader was not of the same species as other traders. It would...
  3. L

    What's your Exit Strategy

    If Hershey would provide actual data from his trades, rather than continually spew logorrhea about either his methodology's greatness or how great the unseen trade data is, it would be easy to disprove him empirically. As it is, we are stuck without the means to disprove him other than plain...
  4. L

    How many hard-coded parameters in the Holy Grail?

    I think it was Einstein who said something like "The only infinite thing in the universe is human stupidity". Words to live by. I've spent my entire adult lifetime working in 3 cities, namely Boston, Chicago and New York, where encountering big personalities is a daily occurrence and even I...
  5. L

    How many hard-coded parameters in the Holy Grail?

    This, even if true, has absolutely no importance to me. I'm only making each trade once and for myself. If the market is moving quickly enough, no market order system will provide the same results to two different traders, so a market order system would not strictly speaking be replicable...
  6. L

    How many hard-coded parameters in the Holy Grail?

    Then charts are useless in 3 dimensions and I'm not explaining why to you. I don't need visual aids. I actually say that stop limit orders are the absolute best trading paradigm, once you know what you're doing and you don't absolutely NEED any specific individual trade to actually execute...
  7. L

    How many hard-coded parameters in the Holy Grail?

    I'm not using Excel to interface with a broker. I use Excel to custom code the logic and calculations I use because it doesn't resemble anything that any software company building software for traders would think to put in their product. My thinking is orthogonal to that of all extant software...
  8. L

    How many hard-coded parameters in the Holy Grail?

    Uh, I use stop limit orders for entries and exits. Unless I don't get filled, it's pretty much impossible for me to get "smoked" by anything. When the market comes to me, I enter. I'm not trying to anticipate anything. I might know an hour in advance what price I want. Today, I knew an entry I...
  9. L

    How many hard-coded parameters in the Holy Grail?

    Obviously, "parameter", a term which is used across numerous disciplines, will have more Google hits than "genetic optimization trading", which clearly attempts to narrow the field of inquiry down to something more manageable. Even a moment's thought would reach that conclusion. I guess I...
  10. L

    How many hard-coded parameters in the Holy Grail?

    Sounds like you are grasping at a lot of different straws in the hopes that something will work because you really have never had a logical insight into market fluctuations. That's one approach. I take a more "philosophical" approach, deconstructing a trend into a beginning, middle and end...
  11. L

    Becoming comfortable with Ambiguity.

    I immerse myself in my historical trading data. I don't care what anyone says, historical data can teach you something about what to do going forward. I'm collecting about 30 pieces of data per trade. I just ran an analysis today on some new data I've collected this month and it showed me that...
  12. L

    Marxian-Socialism, rising?

    It will probably depend on the person. Some time ago, I read that one of Darwin's relatives said that the most terrible thing that could happen would be if the masses took his findings to heart. It also depends what you mean by "donning the glasses". One can recognize the truth of Darwinism...
  13. L

    Marxian-Socialism, rising?

    The only thing I need to tell them is "What can't continue indefinitely, won't". The "free lunch" won't last forever. It is an iron-clad rule of nature.
  14. L

    Marxian-Socialism, rising?

    I could support this, with the proviso that you can choose to opt out of the basic income and if you opt-in, you cannot reproduce, or, if you already have children, that child has to choose the same options at the age of 18 and cannot reproduce before making that choice. If we're going to be...
  15. L

    Marxian-Socialism, rising?

    Marxism is an industrial age philosophy, based on "big" everything. In today's world, it's of no more relevance than any other philosophy which was created before Darwin. Marx wrote most of his major works before Darwin and fundamentally misunderstood Darwin, although his followers tried to...
  16. L

    How many hard-coded parameters in the Holy Grail?

    I only want to be in the market when it's trending on my timeframe. Once it stops trending, I just wait until the next trend looks like it is starting. I'm not interested in trading the chop part. It is true that there is a great deal of non-trending time in the market, though. Much of my day is...
  17. L

    How many hard-coded parameters in the Holy Grail?

    I think that just using the tape should be sufficient. If you are reliant upon any visuals or indicators whatsoever, I think you put yourself at risk unnecessarily. There are subtleties of price action that don't show up on charts and indicators, especially as regards volatility. The...
  18. L

    How many hard-coded parameters in the Holy Grail?

    That's a question (how many parameters is too many?), that I don't know that I have a solid answer to, actually. But I think wanting to have as few as possible fits with my hypothesis that the best trading system would have one parameter at its core. That just seems like the most logical...
  19. L

    How many hard-coded parameters in the Holy Grail?

    If it's the "ultimate" algorithm, it isn't really burying any assumptions, is it? It's a reflection of market reality. That's odd that you say you want more hard-coding because when I was writing code in the early 2000's, I was always told not to hard code anything unless it was absolutely...
  20. L

    Billion Dollar Trading Losses: Is Biology to Blame?

    The use of the term "philosophy" in the Ph.D. degree doesn't refer to actual philosophy. In fact, I'd argue that a better title would be "Doctor of Science", as is done with the Bachelor of Science and Master of Science degrees. Yes, it is my biology that makes me argumentative. I rather...
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