Anti-Jack Trading

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Quote from hypostomus:

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.
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I wasn't totally serious... I was mainly goading you on your puny knowledge of that particular aspect of Grobian voodoo.

The very first concept of Jack's that I tested was, coincidentally, the "P, V Boolean relation." It was in the late 1990s and what I basically did was see if buying and selling at different scores or when the scores changed gives any advantage whatsoever. And of course it does NOT. Also, the formula for scoring is incredibly simple. Something like: total score = (4*price score) + (2*volume score) + A/D score, where the scores are "Boolean" (0 or 1), so the total score can be any integer from 0 to 7. But of course Jack made it all as magically Byzantine and opaque as possible with the Boolean mumbo jumbo and his diagrams. But since the "P, V Boolean relation" is at the heart of Jack's teachings, what does that say about their value?

I most recently tested "rockets," but when I announced poor results his disciples came out of the woodwork to add new conditions, accuse me of doing the tests incorrectly, claim they can't be backtested, etc. But that's all bullshit because I used criteria stated by Jack himself. And if there really is anything to "rockets" as described by Jack, I would have picked up some indication because the tests that I did were very comprehensive.

Can't remember what else I tested off the top of my head but there were other things. And my challenge still stands to any Grobian... show me one simple thing of Jack's that tests out. But all I ever get in response to that challenge are personal attacks and mindless mantras.
 
Quote from hypostomus:


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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Ahh, you have revived fond memories of the great Arthur Deco, arbiter of ideas of a kinder and gentler time here on ET. May Arthur (dare I call him Art?) always enjoy the hallowed halls of wisdom and knowledge we know as ET.
 
If you will excuse the intrusion of a trading therapist (I cure people of the need to trade) into this forum, I would like to share with you my opinion of rockets. I, too, tested them to prove to my masochistic clients that they are a great way to lose money. What I don't tell them (they don't need the encouragement) is that entering in the consolidations following the rockets works if you have the right metrics. But chasing price runups? No.
 
It being the nonce here, and knowing full well thread starter's philosopical shallowness, I shall address his putative topic. Trading IS philosophy, specifically epistemology. One who enters the market without knowing its nature gambles as does a man who has knowledge of a woman of whom he has no knowledge.

The core questions are:

Who created the markets? (the creationist question)

Are they remade every day? (the evolutionist question)

If so, who makes them, and are they knowable? (the agnostic question)

As a collective, are they an eleemosynary society? (the motive question)

And paramount, is the market your mother? (the maturity question)

I dare say that if you have not answered these five questions to your own satisfaction, then you have no idea how to devise a profitable trading strategy. And like the innocent lambs who daily baaaa here to be led, you will be led to somewhere else than you wanted to go.
 
I don't post here often. The place is too stupid. But you guys take the cake. It's not about knowledge. It's about information. Trust me, I'm an expert in information theory. And optimal estimation. Bitch Market was Vegas before there was Vegas. Take NQ. Just another high stakes table. $1875 just to put your ass in the chair. 20:1 payoff. The odds favor the house. You're down fifteen bucks before you even get your first card. They don't even bring you drinks. Or show you tits. High rollers rule the game. But everybody has to show the cards they draw. Bid. Ask. Last. Volume. Time. Strategy? Got nuthin' ta do with strategy! The deck ain't all that big. You count the cards, you know how deep the pockets are, you know what's coming next. You guys who slam Jack are dumber than he is. Jokari's wild! (Yeah, I know it's Johari, bunch of dumb shits. Z-Team.) Please play at my table tomorrow.
 
This is a Jack strategy. It tests ok in Anti-Jack mode.
Of course buying and selling at limits occasionally presents an execution problem.

1. set up a 30 minute bar display for a futures index.
2. enter on the breakout beyond (above or below) the prior days last bar
hi/lo.
3. hold until the current bar breaks out of the other end (from your long or
short entry) of the prior bar.
4. hold on inside bars.
5. hold on successive bar break outs in the same trend.
6. on breakout of 3., reverse so you can take on new trend trade.
7. repeat 3. through 6. for remaining bars of the day.
8. settle at end of day.

In Anti-Jack mode sell the high breakout and buy the low breakdown, etc.
 
Quote from Chicken Little:

This is a Jack strategy. It tests ok in Anti-Jack mode.
Of course buying and selling at limits occasionally presents an execution problem.

1. set up a 30 minute bar display for a futures index.
2. enter on the breakout beyond (above or below) the prior days last bar
hi/lo.
3. hold until the current bar breaks out of the other end (from your long or
short entry) of the prior bar.
4. hold on inside bars.
5. hold on successive bar break outs in the same trend.
6. on breakout of 3., reverse so you can take on new trend trade.
7. repeat 3. through 6. for remaining bars of the day.
8. settle at end of day.

In Anti-Jack mode sell the high breakout and buy the low breakdown, etc.
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As Jack said (and it's worth repeating:)):

Almost all B people live and do what they do in the land of opposites. They are deeply locked in to many many myths that center on opposites.

http://www.elitetrader.com/vb/showthread.php?s=&postid=832926#post832926
 
Quote from Albert Cibiades:


And paramount, is the market your mother? (the maturity question)
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AL,
When I read this part of your post the immortal words of Jimmy buffet slammed into my mind. While thinking about the number of "guest" at ET getting lost in Davie Jones locker; one of my eyes teared up and the other began to twinkle

Jimmy Buffet - A Pirate Looks at Forty
Mother, mother ocean (market?), I have heard you call
Wanted to sail upon your waters since I was three feet tall
You’ve seen it all, you’ve seen it all

Watched the men who rode you switch from sails to steam
And in your belly you hold the treasures few have ever seen
Most of them dream, most of them dream

Yes I am a pirate, two hundred years too late
The cannons don’t thunder, there’s nothing to plunder
I’m an over forty victim of fate
Arriving too late, arriving too late

I’ve done a bit of smuggling, I’ve run my share of grass
I made enough money to buy Miami, but I pissed it away so fast
Never meant to last, never meant to last

And I have been drunk now for over two weeks
I passed out and I rallied and I sprung a few leaks
But I got stop wishing, got to go fishing
Down to rock bottom again
Just a few friends, just a few friends

SOLO

I go for younger women, lived with several awhile
Though I ran them away, they’d come back one day
Still could manage to smile
Just takes a while, just takes a while

Mother, mother ocean, after all the years I’ve found
My occupational hazard being my occupation’s just not around
I feel like I’ve drowned, gonna head uptown

I feel like I’ve drowned, going to head uptown
 
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