Quote from bighog:
Formula1 and America's Cup are probably the last true sports left on the planet that are still about competition, technology, engineering, safety. Could that be the reason they are also the MOST expensive?
I believe as you do. I worked my way up to only being allowed in 12 meter tank testing, where I was considered being part of the esign team.
However, I did come up with what most used (Hoboken tanks) to convert fresh water tank testing to salt water simulation.
PS: Enough semantics about "EDGE". How about some ways to win instead of losing. Lets hear about some WORKABLE TACTICS and Why they work instead of always why they do not work....
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From most important( required have *) to lesser important.
*treat market as a system.
* all market variables are granular, therefore the mathematics is limited to the application of vey few types of mathematics.
*classify turns in one of the three types.
*classify trends into one of the four types.
*in analysis, use OOE's
*work deductively form independent variable to dependent variable.
*Do not measure (suppress measurements) when the market is not in translation.
Trend following does not work, therefore, trend monitoring and analysis is the substitute. To this end consider:
Use bar by bar analysis to always know that you know.
In approaching the market it is important to use the mathematics the market dictates.
Trends fall into two classes: incomplete and complete.
Once a trend has fit the complete definition it can go past the expected ending by drifting. when it dies it always has an even number of turns when counted from the begining turn to the ending turn inclusively.
In bar by bar analysis several things provides aditional edges.
The window of analysis does not extend back beyond the current forming of the current trend.
Measuring the current bar's definition cannot be determined before the bar reaches an irreversable state. (most bars can only move forward in their formation. Once a milestone is set it cannot be reversed.
It is always required the the reference for the definition of a bar be the prior measurable and defined bar. Any intervening bars do not matter and have to be surpressed from a measurement point of view.
*no complete methods of examining the market can be done without having suppression components.
I have looked at markets for about 55 years. Less than half of my trading has been done since the advent of the PC.
I have used the Scientific Method exclusively for doing my deductions. To examine he system of otperation of the market is the best foundation from which to work. The invention of PC's is a good example of how to discover the system of operation of the markets. Markets flow information. So do PC's.
If you wish to simulate the market flow for the independent variable a closely related device would be the die.
Keep rolling it and log the relative results as if the peaks and troughs of volume were following an Order Of Events. Coin flipping is used in dialogs only because the bar to enter trading is so low most people just think in simplisitic unreal terms.
I know this post is too focussed and too sophisitcated. anyone who has a method could check off the items I posted and then quickly realize they are nowhere even close to beginning to develop an approach with any utility.
As you saw in the sarcasm of stock 777, he cannot even envision the SEC citing him or anyone like him ever.
Above you see what may be called "edges" by any reader. I use all of these things in combination. The result is beyond the imagination of the SEC. I take money out of Wall Street continually and the SEC considers it an offence to the public. The public is just not competitive with some traders.
