Anti-Jack Trading

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Quote from hypostomus:

Well, take away a Jack point. If you had bought an expected bounce around 10:05 off of NQ's left channel, you would have had to "wash" (your pants, that is). That just happened to coincide with a wide range consolidation. Old Jack doesn't tell us that if price slides along a channel extreme for very long it will break out of the channel. I suppose a Jacker just sighs "Oh, well!" and redraws the channel. Why am I bothering to draw them, then? What ELSE have I got to do to keep me out of mischief while I'm in a great Anti-Jack trade?
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I think you need to go back to square one because I saw nothing in your post about the P,V Boolean relation. Since Jack isn't here to explain, I'll quote a few of his teachings:

From http://www.elitetrader.com/vb/showthread.php?s=&postid=549286#post549286
If volume is increasing, then the trend will continue. This boolean statement is the source of all money making. It is not stated as one would expect. It is a maths statement from the Algebra of base 2 invented by George Boole in England.

From http://www.elitetrader.com/vb/showthread.php?s=&postid=825456#post825456
What TA is about for me is all based upon the P, V Boolean relation and a corrolary to take care of one point to complete it.

Side note: Jack KNOWS Boolean!
From http://www.elitetrader.com/vb/showthread.php?s=&postid=1078165#post1078165
I was one of very few people at IBM during the mainframe era that could trobleshoot 700 series mainframes from the console with out reference to the stacks of "D" size logic schematics. This means that FYI, I can readily convert any market activiety to Boolean expressions on the run.

So please explain why you think you have any chance of understanding the aforementioned price action without carefully considering the P,V Boolean relation?
 
SickSickSick, you have waaaay too much time on your hands. Are you homebound like me? Can only reach the computer when the attendant turns you over?

But you raise a very valid point about my jack of knowledge of the P,V relation.

The reason, and this is the bald truth, I do not LIKE boonary, boolary, whatever you call it. In my first real job in 1969 I programmed a 16K HP control processor in octal. Once you've had it octally, you can never go back to binary. So here at the end of a 35 year obsession with octal, I am in no condition to comment on binal. (I still have my old 8-bit machines, too.)

As close as I can get to a cogent commentary is that Jack, being a tonal macro person, does not see the nagual quantum action that I see. You know, where price tunnels from one level to another without passing go? He never commented on the common phenomenon at the end of a run that price rises on decreasing volume (what I think of as a sucker play). He also probably has never seen volume going through the roof in a one tick consolidation as breakout-minded market order computers hurl themselves at adamant limit order computers intent on sucking on the spread as long as they can (excuse the faintly sexual allusion there, but I was aiming for accuracy).

So, helas, you are right, I know nothing of the P or of the V. But I am not 73 yet. Perhaps I will learn, the more senile I get.

But I did make champagne money this morning anti-jacking. Perhaps I should call that jacking-on?
 
On a more strategic note, people make fun of me because I trade 1 NQ to make 1 or 2 or so points. All day long I watch computers playing consolidation breakouts (VERY sophisticated strategy) with hundreds of cars to make what looks like a net of one TICK. Now you have to remember, an NQ tick isn't worth what it used to be. So who is stupid? Me or them? If I were going to roll a hundred+ cars, I certainly wouldn't do it to clear a tick. Especially with the horrible slippage they get hosed with. But I must be off to see how many bubblies Central Market will sell me for my winnings today. Hope they have a case of Gloria cheap.
 
A trading strategy vignette:

Grandpa: "Baby Girl, is that little squiggly line going up or down?"

Grandbaby: "Silly Gramps! Of course it going down!"
 
Quote from hypostomus:

SickSickSick, you have waaaay too much time on your hands. Are you homebound like me? Can only reach the computer when the attendant turns you over?

But you raise a very valid point about my jack of knowledge of the P,V relation.

The reason, and this is the bald truth, I do not LIKE boonary, boolary, whatever you call it.
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You didn't get that I'm sick from the Great Pumpkin stuff? :D

Nope, not homebound, very active and healthy, knock on wood (my head). I'm just a serious student of Jack's. I've been following his adventures and writings for years, and backtesting whatever he reveals by mistake in his rare moments of clarity. It's one of my many hobbies.

No offense but you need to get with the program on the P,V Boolean relation before you can consider yourself serious about any of this.
 
Sorry I didn't take you seriously. I was the first here to recognize that Jack's postings about the Jokari {sic} matrix were frauds. And to point out the flaws in his quadrant migration of PV, that even if it were true it would require two sets of linked quandrants to be logically consistent. It is very difficult for me to give any credence whatever to his PV theology when I can see that it ain't true in the micro. But I do like his VooDoo, use it all the time in a modified form from what he presented, very helpful for staying out of a consolidation until it is ready to break out (easier on my fragile old nerves, when consolidations sometimes last a half hour, longer than an old man's bladder retention). But it is only useful IMO if you know in advance which will be the validated direction, which my tools often reveal. Like a lot of Jack's other shit, chasing BO's tests with negative expectancy, and chasing them both ways is an utter disaster.

Would you care to share with us what things of Jack's you have tested? I paid my dues over two years ago and frankly I can't remember half of what I did any more, except that nothing tested positive.
 
In the interest of full and open disclosure, I am obliged to announce that I have extorted from the forum sponsor a handsome honorarium to clearly and unequivocally state that I am not now, nor have I ever been, nor will I ever be, a subscriber to Tradestation. I have a congenital condition reflected in my history as a mathematician and engineer to absurdly overcomplicate even the simplest analysis, and E-Signal is the perfect vehicle to pander to my compulsive anti-Occamism (not to be confused with Onanism). That said, if you are so inclined, it will be easy for you to deduce what brokerage I use, as masochism and obsession so often sleep soundly snuggled together. And no, it is not TS Securities.
 
De temps en temps, with your kind indulgence, I may stretch the definition of strategy trading in the interest of a broader understanding of the phenomenon of trading in toto. For example, there is the young (one fervently hopes) person who asked if there is software which will allow him to trade inside the ES spread:

http://www.elitetrader.com/vb/showthread.php?threadid=71558

My wet dream would be software that would allow me to preference him as my trading partner.
 
You must excuse me, for Gloria is kicking in, lusty wench that she is, but why did this ardently earnest thread

http://www.elitetrader.com/vb/showthread.php?s=&threadid=71478

garner no interest, when my patently absurd thread does?

That led me to think of the fish that knows not air and the bird that knows not water, and to wonder if we should not all wish to be cormorants. I look at the general rubric here, "Technically Speaking", and at my terminally advanced age I am given to wonder, what is the difference between Automated Trading, Technical Analysis and Strategy Trading? Are not all about positive expectancy (crudely speaking, making money)?

There was a time, not long ago, when I bought into the idea expressed here by the esteemed Dr. Arthur Deco, that "All trading is Autobiography", that is, psychology. But now as I near death I am more inclined to assert that "All trading is philosophy".

I shall elaborate on the nonce, giving you time to ponder the notion at your leisure, warmly ensconced in the bosoms of your families, who either revile you or revere you for your trading.
 
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