Exact Science

Quote from jack hershey:


I have heard that good data costs money. My providers are aware that money is not a consideration for me.

Has anyone noticed I rarely post my charts but that I usually markup chsrts provided by others?
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We've all noticed that "money is not a consideration for [you]".:D

And we have also noticed that you usually markup [sic] chsrts provided by others.
 
Quote from piezoe:

We've all noticed that "money is not a consideration for [you]".:D

And we have also noticed that you usually markup [sic] chsrts provided by others.
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why the delay in your posting?
 
Quote from jack hershey:

I do not operate on the TS or esignal level for my raw data multiple feeds and applications. A lot of panes require tick data. Until a person gets in the habit of seeing the market, he may only be using a couple of independent feeds.
If anyone is screwing up any data feed to me they know about it promptly. The first few screw ups I tolerate their personal lack of understanding. after that, they get coded test stuff from us so they can figure out what they are failing to provide or clean up. Then they get it straight.
If any provider interupts my operation with announcements or other BS, they learn to not do that either.
I have turned down a 44K service from IBD as far back as their beta testing.
I have heard that good data costs money. My providers are aware that money is not a consideration for me.
Has anyone noticed I rarely post my charts but that I usually markup chsrts provided by others?
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It isn't the datafeed that is problem. Reread my post.
 
Quote from pullback:

Yes and we all believe you, but kudos for not trying to bullshit us about being a millionaire like Jack did, he obviously doesn't realize how preposterous the claim is.
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Thank you for exposing these jokers. As someone who observed this situation for a long time, it's very funny seeing jack talk to his sock puppet proflogic.n. ProfJacklogic sells $700 books and teaches seminars in Asian countries to poor unsophisticated wannabes. A vendor who should pay to advertise.
 
So profjacklogic are you ever going to stop talking nonsense and show us your method before the fact? I know the one time you tried in that contest you were wiped out. Come on. You can have another chance.
 
Quote from jack hershey:

You are showing a chart that has no PRV on the volume display. Too bad.
approach. [/QUOTE

Hi Jack,

I feared that PDF files wouldn't work and it seems it didn't. I should have mentioned that the PDF file consists of 4 pages. From your reply I can see you only saw the first page.

On page one you see bar 7 opening with a short sentiment. Open of bar 7 compared to open of bar 6 = short.

At this point I know:
Sentiment = short, previous dominant volume was red, black volume was non dominant.

On the next page PRV kicks in. Extraordinary volume. Price didn't pass the doji.

At this point because of volume I can exclude an internal bar. I'm still short. At this point I can not yet know if the bar will continue higher or if it would go back, create a doji and then continue short.

On page three PRV goes below volume of bar 6. The flow chart saves my life I exit via J to X to A.

At this point it seems like bar 7 is becoming an internal.

On page four you see that PRV increases again and price is rising.

At this point it seems like we have F (increasing volume with color change). Unfortunately we exited before. We could still get in because we were sitting at B waiting for F but the flow chart indicates that after we exited we wait for the next bar to open.

I hope this makes it clearer.

Regarding display... as a "Cycle 1" trader this is what I have in my layout:

- 5 minute chart with enough space on the right
- PRV
- Pace lines
- Bar timer
- Bar formations indicator

At this stage do I already use OTR charts, DOM, YM chart? Isn't that part of the later cycles?
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It's really sad to see this much work being put into what is essentially nothing more than a breaking down further of past data in an ill-fated attempt to divine the future. Very similar to alchemy or astrology. A complex system that nay make sense within itself but has zero relevance to the real world. A pseudo scientific look at the obviously flawed art of technical analysis. It's extremely difficult to believe that despite mountains of evidence to the contrary, people still buy into this stuff. Now it needs to be mixed with mumble jumbo or mysticism and the desperate eat it right up. Please stop polluting every thread with your nonsense, profjacklogic.
 
Quote from ProfLogic:

I take it you have MultiCharts set to "update on every tick" then. That is all I was asking. I am familiar with your "sentiment".

You need to be aware of an issue in MultiCharts though. There is a major difference in the real time data we are getting from our data providers (Tradestation or eSignal as an example) and then going back and looking at the same data as "historic" data, especially after the data has been reloaded. It has to do with the way MultiCharts stores the data in its databases folder. If you have your system up 24/7, Sunday through Friday without rebooting you won't see any idiosyncrasies. If you reboot at anytime the data will not be the same (the tick by tick data) as you saw in real time. I've had two programmers validating this for over a year now. I still think Multicharts is the best out there but it isn't bug free. For that matter, nothing is. I simply bring this up because what you do is so reliant on the accuracy of your information.
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Sad, truly sad. Jacks smart enough to know the flaws but keeps on trucking along in dream world... Programming duo taking over a year to validate basic data. Lol!
 
Hi Jack,

I re-read your reply to bar 7 and added some additional comments/questions.

Please see enclosed .doc file.

Thanks.

P.S. I hope my thoughts are expressed clearly as I was often disturbed during work in my office.
 

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