You mean opposites like "in" and "out"? "Short" and "long"? "Trend" and "counter-trend"?
Guilty!
Guilty!
Anti-Jack Trading
- Thread starter hypostomus
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No stops. Hold losers till EOD or reverse at a bar extreme.
For example, you went short at the high + a tick of the previous 30 min bar and now the mkt is screaming higher. You would stay short trying to reverse to long at each successive 30 min bar low -a tick.
This is symmetrically opposite of JH methodology. Take frequent small winners and let losers run. Stay on the "wrong" side of the mkt! The only explanation I can derive for why this "could" work, is that the index markets are back and fill mkts and untested runners are rare. Additionally, the net "take" is suspiciously close to the spread and the backtest uses limit orders. All that said, I don't recommend trading it. Its just an interesting look at the OPPOSITE of something JH posited.
Quote from Trader666:
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
The land of opposites is opposite Candyland where JH lives.
On a summer day
In the month of May
A burly bum came hiking
Down a shady lane
Through the sugar cane
He was looking for his liking
As he roamed along
He sang a song
Of the land of milk and honey
Where a bum can stay
For many a day
And he won't need any money
Chorus:
Oh the buzzin' of the bees
In the cigarette trees
Near the soda water fountain
At the lemonade springs
Where the bluebird sings
On the big rock candy mountain
2. There's a lake of gin
We can both jump in
And the handouts grow on bushes
In the new-mown hay
We can sleep all day
And the bars all have free lunches
Where the mail train stops
And there ain't no cops
And the folks are tender-hearted
Where you never change your socks
And you never throw rocks
And your hair is never parted
Chorus:
3. Oh, a farmer and his son,
They were on the run
To the hay field they were bounding
Said the bum to the son,
"Why don't you come
To that big rock candy mountain?"
So the very next day
They hiked away,
The mileposts they were counting
But they never arrived
At the lemonade tide
On the big rock candy mountain
Chorus:
1. One evening as the sun went down
And the jungle fires were burning,
Down the track came a hobo hiking,
He said, "Boys, I'm not turning
I'm heading for a land that's far away
Beside the crystal fountain
I'll see you all this coming fall
In the Big Rock Candy Mountain
Chorus:
2. In the Big Rock Candy Mountain,
It's a land that's fair and bright,
The handouts grow on bushes
And you sleep out every night.
The boxcars all are empty
And the sun shines every day
I'm bound to go
Where there ain't no snow
Where the sleet don't fall
And the winds don't blow
In the Big Rock Candy Mountain.
Chorus:
3. In the Big Rock Candy Mountain
You never change your socks
And little streams of alkyhol
Come trickling down the rocks
O the shacks all have to tip their hats
And the railway bulls are blind
There's a lake of stew
And gingerale too
And you can paddle
All around it in a big canoe
In the Big Rock Candy Mountain
Chorus:
4. In the Big Rock Candy Mountain
The cops have wooden legs
The bulldogs all have rubber teeth
And the hens lay soft-boiled eggs
The farmer's trees are full of fruit
And the barns are full of hay
I'm bound to go
Where there ain't no snow
Where the sleet don't fall
And the winds don't blow
In the Big Rock Candy Mountain.
Chorus:
5. In the Big Rock Candy Mountain,
The jails are made of tin.
You can slip right out again,
As soon as they put you in.
There ain't no short-handled shovels,
No axes, saws nor picks,
I'm bound to stay
Where you sleep all day,
Where they hung the jerk
That invented work
In the Big Rock Candy Mountain.
Chorus:
Hmmm? Are there strategies buried in the music of the markets?
I myself am merrily fading block trades. Some days it works, some not. Too many reasons for block trades to make any consistent sense of it from day to day.
I myself am merrily fading block trades. Some days it works, some not. Too many reasons for block trades to make any consistent sense of it from day to day.
I think the odds are pretty good that most of you don't actually trade, or if you do trade you don't make a living doing it, yet you are quick to trash Jack.
I notice that Spydertrader has posted his won/lost record and it looks pretty decent. So I guess when I read your crap (and most or your posts are just that) I have to ask whether you folks are interested in learning to trade (obviously you don't know how right now) or just working off a little anger cause you got your asses kicked in the market recently.
I would bet that the person who posts funny photos lives in a shitty little ghetto apartment and drives mommy's car.
Why don't you assholes let me know when you work up the collective IQ to put on an intelligent post.
Here's a smiley face for you, you friggin idiots.
Steve
I notice that Spydertrader has posted his won/lost record and it looks pretty decent. So I guess when I read your crap (and most or your posts are just that) I have to ask whether you folks are interested in learning to trade (obviously you don't know how right now) or just working off a little anger cause you got your asses kicked in the market recently.
I would bet that the person who posts funny photos lives in a shitty little ghetto apartment and drives mommy's car.
Why don't you assholes let me know when you work up the collective IQ to put on an intelligent post.
Here's a smiley face for you, you friggin idiots.
Steve
Ah, Steve, I don't HAVE to trade for a living, it's so crass. I am a gentleman trader, so watch your mouth. I cannot vouch for anyone else here, but I trade every day when I am not otherwise engaged getting richer by honest means.
I post my trades when it amuses me to, when there is droll story behind them. I would post today's but I already killed TWS. All I ask is that anyone here who runs off at the mouth about a winning method offer some proof. I'll take it in any form. Execution reports. Backtest results. Real-time calls. I have done all of those when I thought it would amuse la foule.
Would you perhaps care to humiliate me publicly by citing YOUR curriculum vitae? Regale us all with your trading acumen?
I would look you up, but I already find you quite tedious and think you are probably not worth the trouble. I will match my perception of market action against yours on any day you would care to take up the challenge. I watch every tick of NQ, its every little twitch, you little twitch, to get up its ass and know it from the inside out. I doubt you could maintain that level of concentration for more than five minutes without playing with yourself.
So since this an Anti-Jack thread, would you care to offer some constrictive comment on his methods? Do kindly grace us with your wisdom. But don't be disappointed if we don't fall slobbering at your feet.
I post my trades when it amuses me to, when there is droll story behind them. I would post today's but I already killed TWS. All I ask is that anyone here who runs off at the mouth about a winning method offer some proof. I'll take it in any form. Execution reports. Backtest results. Real-time calls. I have done all of those when I thought it would amuse la foule.
Would you perhaps care to humiliate me publicly by citing YOUR curriculum vitae? Regale us all with your trading acumen?
I would look you up, but I already find you quite tedious and think you are probably not worth the trouble. I will match my perception of market action against yours on any day you would care to take up the challenge. I watch every tick of NQ, its every little twitch, you little twitch, to get up its ass and know it from the inside out. I doubt you could maintain that level of concentration for more than five minutes without playing with yourself.
So since this an Anti-Jack thread, would you care to offer some constrictive comment on his methods? Do kindly grace us with your wisdom. But don't be disappointed if we don't fall slobbering at your feet.
Here's how I imagine you from your posts: kneeling behind the tailpipe of a car wearing only black fishnet stockings and a bra, huge gut, a beer in one hand and a viagra in the other with a big toothless grin.Quote from steve46:
I think the odds are pretty good that most of you don't actually trade, or if you do trade you don't make a living doing it, yet you are quick to trash Jack.
I notice that Spydertrader has posted his won/lost record and it looks pretty decent. So I guess when I read your crap (and most or your posts are just that) I have to ask whether you folks are interested in learning to trade (obviously you don't know how right now) or just working off a little anger cause you got your asses kicked in the market recently.
I would bet that the person who posts funny photos lives in a shitty little ghetto apartment and drives mommy's car.
Why don't you assholes let me know when you work up the collective IQ to put on an intelligent post.
Here's a smiley face for you, you friggin idiots.
Steve
Please do let's keep it uncivil.
To keep on track, I will reiterate my amazement that big money running computers with split second timing can come up with no better strategy than playing consolidation breakouts. I watched it all day in NQ. And laughed uproariously the times they got handed their heads. It is interesting that without the lemming support of "retail" (a dirty word) traders, they fail. They need our complicity to follow through. I also love watching NQ MMs, whose behavior ordinarily I loathe, say "Fuck you!" when the computers run at them trying to force a BO before it suits them to allow one. And watch the almost faster-than-the-eye-can-see relaxation of the inside market to give them shitty fills.
Not strategy perhaps, but novel strategies arise from observation.
Jackie won't come out and play. Maybe Stevie will. No middle initial, I'm guessing. Or perhaps spelled with "ph". Steph might be a better diminutive. "Oh Steph!" (Imagine me cooing that with a listhp.)
To keep on track, I will reiterate my amazement that big money running computers with split second timing can come up with no better strategy than playing consolidation breakouts. I watched it all day in NQ. And laughed uproariously the times they got handed their heads. It is interesting that without the lemming support of "retail" (a dirty word) traders, they fail. They need our complicity to follow through. I also love watching NQ MMs, whose behavior ordinarily I loathe, say "Fuck you!" when the computers run at them trying to force a BO before it suits them to allow one. And watch the almost faster-than-the-eye-can-see relaxation of the inside market to give them shitty fills.
Not strategy perhaps, but novel strategies arise from observation.
Jackie won't come out and play. Maybe Stevie will. No middle initial, I'm guessing. Or perhaps spelled with "ph". Steph might be a better diminutive. "Oh Steph!" (Imagine me cooing that with a listhp.)
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