I like you! So I AM going to teach you some English. As aphorisms. Starting with "Truly stupid people don't know that they are." And "Never mud-wrestle with a pig. The pig likes it oo much."
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Arthur Deco Mentors ET Noobs
- Thread starter Arthur Deco
- Start date
I like you! So I AM going to teach you some English. As aphorisms. Starting with "Truly stupid people don't know that they are." And "Never mud-wrestle with a pig. The pig likes it oo much."
Agreed and I'm okay with you changing the subject instead of addressing my criticism.Quote from Samsara:
I'll be completely happy if anyone uses my words as toilet paper -- they'll have a function in this cruel world! Let's not derail this thread any further, honeypants, out of respect for the lively Art Deco.
Cool. Is this you describing yourself???Quote from Arthur Deco:
I like you! So I AM going to teach you some English. As aphorisms. Starting with "Truly stupid people don't know that they are." And "Never mud-wrestle with a pig. The pig likes it oo much."
Also have considered entering 5 seconds or so before the close of the signal bar but am reluctant to as I think that I will screw up the forward results by disobeying the system rules. Shit gets expensive testing systems live trying new ideas to try to improve. Especially with trend following systems when you are in drawdown then miss the "big one" because you tried to get in with a limit order instead of a market order. Then you have to wait for the next "big one" . Vicious cycle I find myself in sometimes.
Quote from Zr1Trader:
Also have considered entering 5 seconds or so before the close of the signal bar but am reluctant to as I think that I will screw up the forward results by disobeying the system rules. Shit gets expensive testing systems live trying new ideas to try to improve. Especially with trend following systems when you are in drawdown then miss the "big one" because you tried to get in with a limit order instead of a market order. Then you have to wait for the next "big one" . Vicious cycle I find myself in sometimes.
You are absolutely right. A fine line there between anticipation and discretionary trading. I have that temptation when it comes to stops. "I'll just cut this loss a little." "Oh, shit! It rebounded!"
Just use market orders. IMO if you aren't trading S/R there is no reason not to.
See, gentle readers? Where else but ET can yoiu get totally shitty advice for free?
Quote from zedDoubleNaught:
Hello Mr Deco, thanks again for the previous responses.
One of my favorite hobbies is to make a note of some interesting formula or info, let that note get buried on my desk, find it months later and try to figure out "what the heck is that??? where did it come from???? what does it mean???" If you or anyone else is bored waiting for the next backtest to run, I'll let you in on the fun. Latest one I've found is:
Expected Max Losing Streak = ln(1/number of trades) / ln(% of losers)
Any idea what it means? I can figure out the formula, but no idea if it is valid, could be put to any use, is part of some model or theory, or where it came from.
Can't help you there. I'm a lousy statistician. Probably easy to Google.
Quote from Arthur Deco:
Progressive Alzheimer's is taking its toll. But there was a white trash Southern author once whose name I now forget who was asked how she made up all the stuff she wrote. She replied something like "I HAVE to make it up, because if I wrote the truth, nobody would believe it!" Everything I have told you is true. Hence you don't believe it.
You might very well be right about the superego thing in trading. I got rid of mine a long time ago. Never miss it. An unrestrained id is a fearsome thing.
I see. While I could never handle the data amount that you observe on your screen, I envy the simplicity.
Another question: acrary in the past noted that "edges" won't be readily found in the OHLC data. Based on my prop trading days, I dislike the concept of edges due to their decay to begin with and prefer market themes. Regardless, what I have enters on a load of activity unrelated to ES & NQ, aside from filters using basic moving averages ("Is this going up while signal generates"? etc.). I do not use S/R at all. There is huge fragility in entering one bar too late in what I use, which intrabar invites all of these sleazy discretionary impulses I no longer want to deal with.
Sew, my question is, would you concur with acrary's idea that there's not much there in the OHLC that is useful in itself?
Quote from Samsara:
I see. While I could never handle the data amount that you observe on your screen, I envy the simplicity.
Another question: acrary in the past noted that "edges" won't be readily found in the OHLC data. Based on my prop trading days, I dislike the concept of edges due to their decay to begin with and prefer market themes. Regardless, what I have enters on a load of activity unrelated to ES & NQ, aside from filters using basic moving averages ("Is this going up while signal generates"? etc.). I do not use S/R at all. There is huge fragility in entering one bar too late in what I use, which intrabar invites all of these sleazy discretionary impulses I no longer want to deal with.
Sew, my question is, would you concur with acrary's idea that there's not much there in the OHLC that is useful in itself?
Don't know if you read any of Jack Hershey's stuff here. He's such an old fraud (reminds me of me) that I have him on ignore. But he said a number of things that stuck in my mind, curse me for a fool. One of those was that as the years passed, he was able to absorb more screen information than he would ever have imagined possible. I sit close to a largish screen and put the least informative stuff on the edges, where I hope my peripheral vision will catch changes. The other thing I do is use a lot of color-coded helpers, "red light short, lime light long, orange light scratch your ass." And after a period of layout stability all that stuff seems to osmose into the brain. I also use a lot of playSound() calls to lighten the visual load.
If by OHLC you mean pure price patterns, I think I agree, never thought about it, that is a very distubing notion. Not quite sure what you mean by "market themes." I use what I call "market internals" based on thinking like the specialist, or the ax, or the big limit order trader thinks, whatever the fuck the right word is now. I have a lot of pricepattern stuff in my repertoire, but none of it is robust.
One thing I have had to get over is the pro who condescends to chime in and laugh at us pajama traders. Sure none of what I believe makes any rational sense, but I make money at it, if only accidentally. There is a lot to be said for random entry with money management.
Quote from Arthur Deco:
Don't know if you read any of Jack Hershey's stuff here. He's such an old fraud (reminds me of me) that I have him on ignore. But he said a number of things that stuck in my mind, curse me for a fool. One of those was that as the years passed, he was able to absorb more screen information than he would ever have imagined possible. I sit close to a largish screen and put the least informative stuff on the edges, where I hope my peripheral vision will catch changes. The other thing I do is use a lot of color-coded helpers, "red light short, lime light long, orange light scratch your ass." And after a period of layout stability all that stuff seems to osmose into the brain. I also use a lot of playSound() calls to lighten the visual load.
If by OHLC you mean pure price patterns, I think I agree, never thought about it, that is a very distubing notion. Not quite sure what you mean by "market themes." I use what I call "market internals" based on thinking like the specialist, or the ax, or the big limit order trader thinks, whatever the fuck the right word is now. I have a lot of pricepattern stuff in my repertoire, but none of it is robust.
One thing I have had to get over is the pro who condescends to chime in and laugh at us pajama traders. Sure none of what I believe makes any rational sense, but I make money at it, if only accidentally. There is a lot to be said for random entry with money management.
I actually believe Jack is the real deal, although it makes no difference to me because I'm not going to practice his methods. His language evinces a sorta Asperger's brain (to me), and the way he models things is an order of abstraction higher than normal. Plus, gleaning just the concept volume is increasing in a dominant direction and decreasing in retracements somewhat convinced me he understands some things, after a bit of decoding. I can easily see how anyone would consider him faking a theory though, and don't begrudge those who doubt him, save for the unfortunate T28 guy who needs Jack as a counterpart to his own mental problems.
That said, I see what you mean. I'd bet the reason why you dream your signals is because you have a subconscious way of consuming relevant information, which is also why you throw up those multiple charts. Very interesting! I would bet what you take for random entry is slightly less so -- if you took away those charts and just coded a random number generator trigger the results would be very different.
Much appreciated regarding the insights, plus confirming my hesitation to return to price pattern thinking. Just trying to glean how more successful people go about their business. ET is good for shooting the shit but also just understanding how other effective people do what they do.
Hey Samsara
Arthur would have feel he has failed you if he cannot convince you otherwise of Jack H.Personally you are confusing Aspergers with Madness.Have you ever heard the term mad parts of sane people ?
As for you dont go towards idealizing those that are difficult to understand in this business.Simple is better at first rather than heading for the golden goose practitioners who only lead to one being deluded.Perhaps this is even a necessary process to go through to realise the answer was always right in front of you.Have you ever read the Alchemist ?
All the best
John
Arthur would have feel he has failed you if he cannot convince you otherwise of Jack H.Personally you are confusing Aspergers with Madness.Have you ever heard the term mad parts of sane people ?
As for you dont go towards idealizing those that are difficult to understand in this business.Simple is better at first rather than heading for the golden goose practitioners who only lead to one being deluded.Perhaps this is even a necessary process to go through to realise the answer was always right in front of you.Have you ever read the Alchemist ?
All the best
John
Quote from Samsara:
I actually believe Jack is the real deal, although it makes no difference to me because I'm not going to practice his methods. His language evinces a sorta Asperger's brain (to me), and the way he models things is an order of abstraction higher than normal. Plus, gleaning just the concept volume is increasing in a dominant direction and decreasing in retracements somewhat convinced me he understands some things, after a bit of decoding. I can easily see how anyone would consider him faking a theory though, and don't begrudge those who doubt him, save for the unfortunate T28 guy who needs Jack as a counterpart to his own mental problems.
That said, I see what you mean. I'd bet the reason why you dream your signals is because you have a subconscious way of consuming relevant information, which is also why you throw up those multiple charts. Very interesting! I would bet what you take for random entry is slightly less so -- if you took away those charts and just coded a random number generator trigger the results would be very different.
Much appreciated regarding the insights, plus confirming my hesitation to return to price pattern thinking. Just trying to glean how more successful people go about their business. ET is good for shooting the shit but also just understanding how other effective people do what they do.