IluvVol,
Your comments are kind and understood. I will respond to your questions after these 2 comments about the purpose of the thread and clarification of the reason for limiting the answering of questions.
For everyone, please understand that I'm so busy actually working on the strategy itself that plays another part of avoid going into great detail and answering lots of questions. I don't have time with a family, full time job, and working nights and weekends on this strategy to also take much time to teach. I would LOVE to have the time as Jack does to educate others without charge.
My goal in this thread was to learn primarily and whatever anyone else picked up at the same time was great since Jack seems to prefer the public forum for answering questions. It was may thought that going to through the entire steps of SCT with Jack would open further enlightenment to refine my systems. I already had developed the dom and smart money stuff but had decided to back up and "start from the beginning" to make sure I didn't miss anything important.
What I learned primarily from this exercise was the understanding of what I call timing and also what Jack calls "pace". That's the essence of why he teaches the channels so us mortals can "see" the timing and pace from the P,V relationship.
Okay to answer your questions.
NOTE: Jack or Spyder might say what I'm doing is not exactly SCT. That's fine. I have always been forced to "re-engineer" manual processes in the course of automating them. It's the end result that matters.
So, as Jack says, it synthetic or artificially generated. Also, I noticed that it's obvious that most of the DOM traders are computerized with millisecond response times which servers to hide most of trail to human traders who can't process the DOM that quickly.
I understand your concerns. And there are numerous details I don't wish to take time to support or "defend" due to my busy schedule.
For example, in fairness, the chart I showed has 100 tick data but the smart money volume indicator using volume over time and the 2 charts are synchronized.
Additionally, I have other indicators not shown like the dumb money indicator also. On occasion they trade in large enough volume (usually panic or stops) to move the market.
I have several indicators I developed by condensing and converting DOM/Level II data to see it from different angles.
2 of those, are used in this strategy. I'm still working on how to use the others.
My ideas on automating the timing of the market is evolving and changing rapidly.
One small advantage to autotrading is that my system spending the time and, well, energy of trading so I can spend my time and energy on research and development to improve it.
NOTE: In the equities or futures market, you don't need to jump all those hoops to get smart and dumb money information. You have T&S as well as DOM. But in Forex, you have to get creative.
It seems traders always hold something back from what they teach. Even Jack talks about indicators he uses that I never saw in any of his charts online.
So I have been left to develop them myself using my imagination and trading knowledge, etc.
I'm very interested to hear any reasonable argument why I should spend time at this stage in my life freely teaching everything I know and worked very hard to learn. I don't mean it sarcastically. But I sincerely don't understand that.
When I post on ET to ask questions, I always post saying something like, "I don't expect you to give away and secretes or spell it out for me. Just kindly point me in the right direction."
That leaves a reasonable "barrier of entry" for people willing to do the work to figure it out as the rest of us have.
As you see, I have a little more specific idea where to get the information but the details you and other readers need to work out for yourselves.
Is that fair?
NOTE: If anyone doesn't believe me. That's fine. And maybe even good. You're welcome to do as you please in that sense. I'm not out to prove anything. I'm only out to profit from this ATS, and that, as quickly as possible.
These are broad concepts already covered elsewhere on ET except for the specific point that I feel the SCT in particular can be automated.
I think the trades on the chart show the effectiveness at least on that particular day.
Sincerely,
Wayne
Your comments are kind and understood. I will respond to your questions after these 2 comments about the purpose of the thread and clarification of the reason for limiting the answering of questions.
For everyone, please understand that I'm so busy actually working on the strategy itself that plays another part of avoid going into great detail and answering lots of questions. I don't have time with a family, full time job, and working nights and weekends on this strategy to also take much time to teach. I would LOVE to have the time as Jack does to educate others without charge.
My goal in this thread was to learn primarily and whatever anyone else picked up at the same time was great since Jack seems to prefer the public forum for answering questions. It was may thought that going to through the entire steps of SCT with Jack would open further enlightenment to refine my systems. I already had developed the dom and smart money stuff but had decided to back up and "start from the beginning" to make sure I didn't miss anything important.
What I learned primarily from this exercise was the understanding of what I call timing and also what Jack calls "pace". That's the essence of why he teaches the channels so us mortals can "see" the timing and pace from the P,V relationship.
Okay to answer your questions.
I was encouraging that a successful auto trading of the SCT in particular is possible. Many comments on ET stated it was impossible, too vague, etc. But I was intrigued to try.
NOTE: Jack or Spyder might say what I'm doing is not exactly SCT. That's fine. I have always been forced to "re-engineer" manual processes in the course of automating them. It's the end result that matters.
Sure that's easy to answer at a high level. There is detail Level II DOM data available to retail. I use MB Trading and haven't tried others. But I figured out a way through rigorous study and trial and error to get the information I needs as an "extrapolation" of the Level II data.
So, as Jack says, it synthetic or artificially generated. Also, I noticed that it's obvious that most of the DOM traders are computerized with millisecond response times which servers to hide most of trail to human traders who can't process the DOM that quickly.
I understand your concerns. And there are numerous details I don't wish to take time to support or "defend" due to my busy schedule.
For example, in fairness, the chart I showed has 100 tick data but the smart money volume indicator using volume over time and the 2 charts are synchronized.
Additionally, I have other indicators not shown like the dumb money indicator also. On occasion they trade in large enough volume (usually panic or stops) to move the market.
I have several indicators I developed by condensing and converting DOM/Level II data to see it from different angles.
2 of those, are used in this strategy. I'm still working on how to use the others.
My ideas on automating the timing of the market is evolving and changing rapidly.
One small advantage to autotrading is that my system spending the time and, well, energy of trading so I can spend my time and energy on research and development to improve it.
NOTE: In the equities or futures market, you don't need to jump all those hoops to get smart and dumb money information. You have T&S as well as DOM. But in Forex, you have to get creative.
It seems traders always hold something back from what they teach. Even Jack talks about indicators he uses that I never saw in any of his charts online.
So I have been left to develop them myself using my imagination and trading knowledge, etc.
I'm very interested to hear any reasonable argument why I should spend time at this stage in my life freely teaching everything I know and worked very hard to learn. I don't mean it sarcastically. But I sincerely don't understand that.
When I post on ET to ask questions, I always post saying something like, "I don't expect you to give away and secretes or spell it out for me. Just kindly point me in the right direction."
That leaves a reasonable "barrier of entry" for people willing to do the work to figure it out as the rest of us have.
As you see, I have a little more specific idea where to get the information but the details you and other readers need to work out for yourselves.
Is that fair?
NOTE: If anyone doesn't believe me. That's fine. And maybe even good. You're welcome to do as you please in that sense. I'm not out to prove anything. I'm only out to profit from this ATS, and that, as quickly as possible.
These are broad concepts already covered elsewhere on ET except for the specific point that I feel the SCT in particular can be automated.
I think the trades on the chart show the effectiveness at least on that particular day.
Sincerely,
Wayne