Boredom

[shopster]

little old ladies trade the ES
they also can snooze for a week or so between mouse clicks.

s

 

[Duref Mudgins]

Quote from shopster:

little old ladies trade the ES
they also can snooze for a week or so between mouse clicks.

s

Yes, but watching a fast chart might keep them from choking on sleep apnea in the meantime.

 

[Duref Mudgins]

Here is an example of how decline in the boredom metric indicated traders' belief in the associated price rise.

 

[Duref Mudgins]

The boredom metric is not derived from volume, but it does roughly inversely mirror volume, sometimes leading, sometimes lagging. My impression of it so far is that it is superior as a predictor to Jack Hershey's PV Relation. Attached is a chart snippet showing that boredom may lead or lag volume.

And apropos of boredom, fewer and fewer readers are looking at my examples, so time to go.

 

[zedDoubleNaught]

Quote from Duref Mudgins:

I suggest that you develop your own personalized boredom metric, because mine measures the mean boredom of the ensemble of bored traders. So far in my attempts to rationalize the utility of my new invention, I have found that there is a somewhat fuzzy maximum value of boredom attained during the midday doldrums. This indicates that soon nothing will not happen, often quite vigorously, taking the somnolent by surprise. The boredom metric also is useful for determining if la foule believes that the current direction of price is valid or not. I have also seen cases where boredom dramatically decreases with no change in price, indicating that the non-bored know something we don't. So you see, you are better off developing an idiosyncratic metric.

I have one such myself based on the following behaviors, which you may relate to:

the sudden urge to google "(insert your favorite actress's name here) squirrel shot"

inability to resist tapping the ET bookmark to verify for the nth time today that ET is a useless resource for trading

wondering if you can beat your own record and get off six times in an hour

making a random entry to see if money management really does work.

Sorry about that -- I may have overextrapolated that the average boredom of everybody would suggest my own level of boredom. Thank you for the suggestions to alleviate boredom during the trading day. Thank you for the examples, but the past few show very few bars, they're kind of hard to figure out the example.

Maybe intense bordeom makes everybody more susceptible to the noise the big guys might throw out -- mostly to alleviate the boredom. Boredom is a great motivator.

 

[Duref Mudgins]

Quote from zedDoubleNaught:

Sorry about that -- I may have overextrapolated that the average boredom of everybody would suggest my own level of boredom. Thank you for the suggestions to alleviate boredom during the trading day. Thank you for the examples, but the past few show very few bars, they're kind of hard to figure out the example.

Maybe intense bordeom makes everybody more susceptible to the noise the big guys might throw out -- mostly to alleviate the boredom. Boredom is a great motivator.

Thanks. If I get longer-running examples I may post, assuming I wake up alive. I invented the boredom metric precisely for the case you mentioned where traders are lulled to sleep before a big move, but haven't had a case of that in these two days.