I am don't want speak for Foredwin. But my understanding he didn't put any money to work. He is backtesting it.
fortes fortuna juvat
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Thank you.
I fully concur with your sentiment. Perhaps what we should do is to derive or recreate this framework from the fundamental concepts. Yes, this is the proverbial reinvention of the wheel. However through this process, we will be able to fully comprehend the operational details of the market, compare it with Jack's work and create a robust application of them.
We have so many descriptors such as dominant, non-dominant, volume slope, pace acceleration, symmetrical pennant break out, lateral formation break out, lateral movement break out, etc. This is not to mention all the acronyms that Jack introduced. However we lack a map detailing the relationship between each of these terms. Perhaps Jack believed he achieved such a feat with JHM 2.0 but I'm not confident that it is complete or feasible for implementing a trading model even if it is.
I have often thought of creating a Finite State Machine (FSM) using all the above concepts but have been invariably distracted by this or that.
It is possible that Jack was on the same path with all the pseudo flow charts that he created but unfortunately I found most of them very difficult to comprehend.I fully concur with your sentiment. Perhaps what we should do is to derive or recreate this framework from the fundamental concepts. Yes, this is the proverbial reinvention of the wheel. However through this process, we will be able to fully comprehend the operational details of the market, compare it with Jack's work and create a robust application of them.
We have so many descriptors such as dominant, non-dominant, volume slope, pace acceleration, symmetrical pennant break out, lateral formation break out, lateral movement break out, etc. This is not to mention all the acronyms that Jack introduced. However we lack a map detailing the relationship between each of these terms. Perhaps Jack believed he achieved such a feat with JHM 2.0 but I'm not confident that it is complete or feasible for implementing a trading model even if it is.
I have often thought of creating a Finite State Machine (FSM) using all the above concepts but have been invariably distracted by this or that.
Agreed.
I thought that assembled team of dedicated participants can come up with something from JHM 2.0 that spider come up from early JH writing i.e. convert it to some useful finite form.
And I see the problem with it - every JHM practitioner has his/her own JHM version in the brain based on experience, psychology, time spent to learn JHM, even when they begun to learn it (2005 vs 2010) and where (ET vs TL). Some weighed JH writing more credible than spyder's etc.
What is interested - Spyder stop posting on TL moment cnms2 mentioned new Jacks's writing on ET 2010/10/30 and he didn't post anything since then. Pure coincidence I think.
Does anybody know python?
I have the weathlab PVT Logic and scripts recreated in excel for mac. Right now it's a fairly routine process of going through a sheet of instructions manually that execute SQL statements to filter and process the market into a Hershey Universe of high-quality stocks.
The process needs to be automated. So having a python script execute these sql statements in sqlite on a daily basis would be an excellent first step toward JHM 2.0
Jack recommends building a RDBMS. The Move Reversal sheet has example tables. Using a functional language to process the bars into a DB of all cases where IS TRUE and IS FALSE.
This is a project that's been on the shelf for a bit. It depends on the free yahoo finance quote updates which were operational a year ago and a subscription to stocktables dot com which I have let lapse due to some data refresh latency. But it can be edited easily to interface with your data provider.
I have the weathlab PVT Logic and scripts recreated in excel for mac. Right now it's a fairly routine process of going through a sheet of instructions manually that execute SQL statements to filter and process the market into a Hershey Universe of high-quality stocks.
The process needs to be automated. So having a python script execute these sql statements in sqlite on a daily basis would be an excellent first step toward JHM 2.0
Jack recommends building a RDBMS. The Move Reversal sheet has example tables. Using a functional language to process the bars into a DB of all cases where IS TRUE and IS FALSE.
This is a project that's been on the shelf for a bit. It depends on the free yahoo finance quote updates which were operational a year ago and a subscription to stocktables dot com which I have let lapse due to some data refresh latency. But it can be edited easily to interface with your data provider.
This is the basic flow to process data for PVT (csv, excel for mac, sqlite)
There's logic in excel that processes data. Sql mainly filters the dataset and appends it to the DB if new or adds the current day to an existing stock that made it to the universe.
The end result is a DB that builds everyday, adding to knowing that you know what you know.
Jack's asserted HS and PM are solid.
There's logic in excel that processes data. Sql mainly filters the dataset and appends it to the DB if new or adds the current day to an existing stock that made it to the universe.
The end result is a DB that builds everyday, adding to knowing that you know what you know.
Jack's asserted HS and PM are solid.
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