Iterative Refinement

Quote from Munck:

As far as I know, RS culling is not possible with QCharts. If you know otherwise, please let me know :)
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RS and EPS Rank come into play when using the Stocktables.com web site to initiate the culling process. When one chooses, instead, to cull the entire stock market (as you have done), one simply looks for stocks which fit all other fundamental culling parameters (except EPS and RS Rank).

- Spydertrader
 
The thought occurred to me that perhaps I sounded a bit (or possibly a lot) pompous with my last post (or so) concerning negativity and punishment but let me assure anyone who might be thinking so, that such is not so. I have been through the “punishment” thing as a trader (it’s well-described in the literature) and notice that there are a number of folks who seem to be going through such a phase (my impression only – as always the possibility exists that I am completely wrong). Be careful trading if you’re feeling like this because you are more likely to lose (that's what I did when in "flagellant mode").

On a different note, Richard Feynman, the Noble laureate in physics for his work on quantum electrodynamics, says that scientists must be sceptics. I like Feynman if only because he told the National Academy of Science to piss off when they asked him to become a member. “Epulets”, he said. “I don’t need epulets”. Right on. We are who we are, not what we do (I believe that’s what Popeye says). The most useful thing I did recently was to just feggedaboud my prior professional endeavours and try something new.

Science is rigour and the most important thing, IMO, that a real scientist does is to try and destroy that which he has just constructed or which has been constructed by others before him. If he fails to bring it down, for him at least, the theory being examined will gain credibility. But creative destruction must be exactly that. Unless you have something better to offer, then puleeez, STFU. That’s why the B-team failed – miserably I might add. It is important to appreciate that one’s “offering” is just that. It is not the new paradigm. It is at best a suggestion. However if the raw data cannot refute it then it deserves further consideration – not acceptance, just consideration. Don’t dump current dogma unless the new bit proves itself but do not fail to question dogma.

Do some of your own “market experiments”. No (= zero) backtesting is allowed. All experiments must be done prospectively (that’s how basic science is done). Of course you look at the “past literature” but you use it to develop your new and startling theory, which you test and try very hard to destroy, prospectively. It’s great fun and it drives the B-team nuts (heh, heh).

In closing, a question for PointOne and Spyder about the 1,2,3 and 1,2,4 odd/even harmonic thingy. Is it conceivable that shorting/buying up your short vs selling a long/buying a new long could be manifesting itself in the different A/D frequency? The effect on the bid/ask liquidity should be the same but the MM or specialist knows the price and the volume of the short. There are other things like where one will see these different actions in a channel and as well at other local "prices of interest" for various fractals. Jack probably has a dissertation on this somewhere but I haven't come across it yet.

lj
 
As Spydertrader showed a few days ago, even a Bernanke spike stops at the RTL. So, although it's probably good to know that a significant announcement is scheduled, most of them should be read through the regular MADA. The important annoucements will follow a CCC, and you know how to trade it, or stay it out.
 
Quote from cnms2:

As Spydertrader showed a few days ago, even a Bernanke spike stops at the RTL. So, although it's probably good to know that a significant announcement is scheduled, most of them should be read through the regular MADA. The important annoucements will follow a CCC, and you know how to trade it, or stay it out.
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True enough, perhaps some context should have accompanied the link(s) for added purpose and clarity;

...Beautifully, the iterative refinement thread will focus on the special tasks of the fineness required to integrate all thinking and the task one faces to use the template on other markets such as currency, FOREX, and options trading.

Since this is my first post, I am taking the trouble to add some context. In that vein, I have made some comments elsewhere on 2008 and what is in the cards. As you can see these comments are coming to pass. I feel it is necessary to have a global context for trading and I feel it is important to do a preflight check before each days begins. Use a calendar to compliment this. You need to have the facts as seen by authorities. (This has nothing to do with talking heads and only to do with the facts being reported out)

The template of trading, as I see it, requires a neutral bias. The symmetry of trading (its fundamental heuristic) is also counterintuitive. Because of these things, it is important to personally understand what you, as an individual, bring to the table...
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BTW. Thanks for the global link Wallace
 
yes, I also use the econoday calendar and they do have some info
other than the US
used to be you could change the year in the address line to go
back and look at previous release data but don't seem to be able
to do that any longer; will have to see if I can find an old link
 
Monday Dry Up

ATV BKI BPHX BTJ CALM EMS GIGM GLNG GSAT ICOC JADE JRJC KMGB LDK LKQX LQDT POZN RWT SNDA SNHY SOHU SSRX STAR TGIC TSL ULTR VSR YTEC

- Spydertrader
 
Quote from Spydertrader:

...If the market signals Volume 'drop off' at the Open, watch the 'M' or 'W' form throughout the day...
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Which is typical behavior.

Notice today's action, not typical, let's see what develops.
 
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