Quote from tradingbug:
Is there a place where one can find pictures of the set A,B,C, and D that you are referring to?
https://www.elitetrader.com/et/attachments/10-modrain-incomplete-trend-panels-jpg.137367/
https://www.elitetrader.com/et/attachments/11-modrian-complete-trends-panels-jpg.137368/
sorry they are so sloppy; they are from memory.
I have a few not on this set of panels; they occur very rarely in the later bands.
set A is the trend that is c turn to c turn an incomplete trend.
Set B is also incomplete and is c to a to c in turns.
Set C is the normal complete trend. c to a to b to c.
Then there is the drift Set D. It is an even number of turns where the middle is pairs of a to b turns. for example: c to a to b to a to b to a to b to c.
there are onlt three types of turns in markets; they are as follows:
c turn is dom to dom.
a turn is Don to non dom,
b turn is non dom to dom.
to take the full offer I trade c turn to c turn and just hold through the a and b turns.
The panels of the Modrian Table are fun since you know on n -1 turn when the n turn reversal is coming up ahead of time.
drift trends are known are "chop" in CW ese.
As you see here my posts are "haunting" quite a few people. Why don't they keep me on ignore?
All the lookups are in the "contest" thread whose OP is bighog. go to page 2 and look around the middle post on that thread which is in the trading forum.
Today the open was long and the c turn came on bar 4 as a c band pass.
the short that followed was a set C type trend
bars of turns and their EE category were:
7, a, PP3 to 9, b, BM, REV to
12, c Ab, LVBO
Two Seat A tends followed with c/s on the following:
14, c, PP3
15, c BM, ERV.
Then a Set B trend came along:
15
19, a BO, T1 to
21, c, BM, REV
A brief c to c followed and then a drift began.
21
26, c, Ab, LVBO
As youe the days go by quite uneventfully. The c turn reversal simply alternate in sentiment. The SetB is rare but you can visualize that the a to c is the same sentiment.
the Modrian table is used to detect c turns. when the c turn is absent, then this deduction dictates the next type turn has occurred at that EE.
All the math expressions for the whole system are in that post on page 2 of the contest.
It takes about 34 days to have an order of magnitude change in capital without compounding. Sweeping on Fridays works fine. the idle capital just accumlates each week. A half a year takes one from 1,000 to 1,000,000. This means there is little incentive to learn how to use 10 or so lookup tables. In this thread many many people have explained how troublesome it is to use volume.
Systems based on RDBMS are still quite uncommon in the financial industry. The CW mindset prevents a lot of thinking about the very simple finite math system of the market's operation. So few parts and no probabilty and you know one turn before the profit segment that it is coming.
Haunting thing to not be able to grasp any of this. It was fun for me to make up the tables and the precision definitions. It would be fun to revive the ET chat room and run the Dragon typed audio of a GTM session. I thought about running a Dragon created thread of real time calls for the trading forum. BUT ET cannot keep the time stamp very accurate for some reason.
