It's all about the patterns. . .

The only difference between discretionary trading and mechanical trading for many traders, is that they like myself can not code the setups at least not yet or without help from other programmers. These setups can create a pattern on the chart, with the goal being to trade that pattern the same way every time.

I spoke to a "discretionary" trader who with the help of a programmer who worked on his setups for 2 years finally coded them so they are now automatic.

And yes, they now make profit all the time so he no longer needs to be at the computer.
 
Quote from jack hershey:

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You see the R2R 2B 2R on a 30 minute chart over a few days.

As the 2R comes to an end you are getting ready to buy and take the long pattern B2B 2R 2B. The 2R ends with a peak and then the B2B begins by going down to the trough at the RTL of the short channel.

As the price reaches the RTL on the DU volume of the "unusual Volume" one pager, you are ready for the "First Rising Volume" of the trough to peak pattern movement.

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From reading "Putting the Pieces Together", I understand that the entry rule is determined by volume breakout on RTL of short channel. Here, are you saying we could move the entry point at the end of 2R with peak volume of the short channel?
 
More accurately, they'll make profit all the time until they don't.
Quote from oraclewizard77:

And yes, they now make profit all the time so he no longer needs to be at the computer.
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Quote from SK0:

From reading "Putting the Pieces Together", I understand that the entry rule is determined by volume breakout on RTL of short channel. Here, are you saying we could move the entry point at the end of 2R with peak volume of the short channel?
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You asked a while back about the first and second chance. That time zone is what your post puts on the table in this post of yours.

By reviewing the compound interest formula, you get to determine the importance of the three variables in he formula. Capital is least important, profit per turn is next to most important and the exponent is the most important.

So we strive to enter late and exit early to make the highest money velocity of each long half cycle.

You see that a person posts here about not doing proramming because of some reasons.

To program all the alternatives for trading the pattern, use the drag and drop logic of Worden Bros.

Programming the one pager took a person dragging those rules less than three minutes to do the logic for PVT trading. A Sharpe Ratio of over 60 resulted.

Any stock trader is going to be making a lot of money using a drap and drop that takes 3 minutes to complete.

Look at some handicapped people on ET. Stoned cannot read an Excel sheet. T666 cannot code anything that makes money. Every sentence od asiaprop is screwed up by the CW myths.

spend some time yourself and deal with the three variabloes of the cpmpound interest formula.

Look at TE post pictures of leaves and not understand the market P, V pattern.

All traders can know well inadvance what is coming next in a market.

We reviewed last Friday's ES this am and discovered that fairly soon in the afternoon a beginning trader could double his capital. We also reviewed that it was not possible to lose money trading as a beginner in ES.

We looked at one simple mechanical pattern for assuring at no time would a trader have to be upside down in the market. We simply called the pattern used the anti-whipsaw pattern.

For example, lets say a person cannot code. He speaks to a coder to explain anti-whipsaw trading. what does the coder do next? He goes to worden Bros Blox and drags and drops the logic so anti-whipsaw trading is part of the trading of the beginner trader.

We did it this AM by simply skipping the coding and just using it all the time when it appeared on the chart.

Everyone in the session this AM said that trading only involved staying on the right side of the market.

How long can a thread get that is entitled "its all about patterns"...

How long does it take for a trader to become skilled enoungh that he doesn't have losing trades and he is always on the right side of themarket?

What changes a potential trader from a loser to an always winning trader?

Obviously, it is his differentiated mind. All the time his mind's inference matches what he is seeing and he always is making money on his trading fractal by using his perception which is the sum of his sensing and his available inference.

Listen to today's audio of our AM session. Does ET have the capability to handle audio?
 
Since a hurricane is potentially going to be in the gulf, I thought I would move the oil spill solution forward so someone can pass it along to the powers that be.

Where is Art Deco when you need him??

No one seems to understand that pressure at the wellhead was the problem until the solution below was proffered. Eliminate the pressure problem and the problem goes away.


Quote from jack hershey:

We have this oil spill.

so lets solve the problem in a few days.

Take over the dome in new orleans.

ship all the reinforced rubber and kevlar bolts already made to the dome. A bolt is a rolled up quantity of flexible stong material.

Now we sew a cylinder as a set of bolts of material being sewn on both sides by working with material welders where the sewn cylinder goes into the middle from the edges.

the cylinder has 1,000 foot diameter and in the middle (of the dome, cylinder is pleated) and then folded as the footage grows. It makes a big pile in the middle and it is above the floor sufficiently for later shipment (in a few hours or a day)

Every 1000 feet of length it is stopped and a new one begins.

by doing two cylinders at a time the process required only three passes of 1,000 feet each. Six cylinders in six piles.


we truck these cycniders in their pleated and folded form to barges and take then to the site of the spill.

We make a 1,000 foot life preserver (20 feet high and wide with 1,000foot hole in center) and put the cycinder inside it and wieght the first part going down.

Note the cylinder in six parts will form a 1,000 foot diameter tube arouind the spill and go down from the life preserver to the bottom (over 5,000 feet easily) where the bottom weights will snuggle it into the mud


Where each segment ends we cloth weld a new segemnt to the formerly lowered segment right at the life preserver.

what did we achieve?

we solved all the problems at hand.

1. the pressure problem technology couldn't deal with.

2. bringing the oil and gas to the surface letting it expand as it rises.

3. Established a permanent collection point for 100% or what is coming out of the well.

4. stopped all shoreline and in situ water damages to the enviroment.

5. created a reusable oil spill container that will be avaialable for all future spills.

6. set up a 100% recovery of the well produxcts to create income for paying for the spill and future operations at a profit.


How do we operate this tube?

1. set upi guy cables from the tube to the bottom by using eletromagnets on both sides of the tube at given depths on both sides. the magnets clamp onto each other and the cables are guyed out ward and downward to hold the tube as guy rings at various locations like every 1,000 feet of depth.

2. set up pumping barges in a ring around the lifesaver. AT LEAST 10 the handle 6,000 barrels a day each of oil. Pump into lighters that are qued for each pumping station.

3. sell the oi8l locally and get it processed into salable conventionally consumed products.

4. Install on the lifepreserver, a membrane to collect and compress all the off gasses from the well. Lighter the compressed liquid natural gas to local outlets after processing to remove the water contrent and make the gas a standard product.


what is the long term solution?

1. deal with each hurricane passing by by using wave barriers around and not attached to the lifeprserver. Call them Navy ships of all available sizes.

2. begin to monitor the oil and gas flow to do projections on pressure decline at well head.It must drop to put intech fixes as we have found out. See the three inch suction lines coming from the BOP and failed mud injector apparatus. performance.

3. line up techncal fixes that will work to cap well when danger of material and mud liner (This is improperly formulated aggregate) failure ranges have been passed. BP used inferior casing and usaed an unsuccessful backfill outside the casing so both of those failures are put into thepressure limits for capping.

4. stop drilling the relief wells since they will also fail due to BOP limits that will be eceeded from the source overall pressure.


5. At some point super perf the casing at a shalow depth to wreck the casing fragment the geology so it shifts aross the casing cross section massively and at several depths that are not geologically interlocked. (blow it to smitherines.)

6. close down BP as a penalty for their environmental transgressions.

7, Fine EVERYONE who used the oilspill environmental impact statment hugely and never let any of those persons involved work in the industry for the foreseeable future. Use the fines to cover the largest imaginable screwup that has been engendred by these screw offs.

8. All outershelf driiling in the future first installs a 1,000 foot diameter tube and lifesaver before starting to do any drilling. The tube will have a cannel type lock in it for letting the dilling rig in once.

9. Accidents wit the tube inplace: If BOP does not work then it is detonnated at the time the pumper barges around the life preserver are put in place. A second lifepreserver is located and held below the depth of the drilling rig so it can be floated after the drilling rig is disposed of when it catches fire, etc. spare patching cylinders are storred so that they can be lowered to cover any slits the drilling rig makes as it sinks and cuts throught the tube after it has burned and sunk.
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Wrong again Jack. Everything OF YOURS that I code loses money.

For example:

I tested YOUR concept as outlined in YOUR paper, "Catch Up With Tomorrow's Paper Today." Specifically, I tested buying YOUR "0 to 7 turn" (see page 8) on 1000 stocks from 2000 to 2005 -- a total of 5000 stock-years -- using spydertrader's code for the scoring and exiting 5 days later and got the equity curve below.

attachment.php


Then I tested one of MY entry methods under the exact same conditions and parameters that I used for testing your "method" -- 5 day exits, same stocks, same time period, NO prescreened "universe," same transaction fees, etc., and got this equity curve.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2715590>

P.S. If you're also talking crap about Stoned and asiaprop that means they're probably on the right track :p
Quote from jack hershey:

Look at some handicapped people on ET. Stoned cannot read an Excel sheet. T666 cannot code anything that makes money. Every sentence od asiaprop is screwed up by the CW myths.
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Quote from jack hershey:

You asked a while back about the first and second chance. That time zone is what your post puts on the table in this post of yours.

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Thank you.
 
Quote from jack hershey:


Where is Art Deco when you need him??
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Dr. Deco has the good sense to recognize accept and act upon his complete and utter irrelevance to ET by not posting unless provoked into it. Not that I am giving advice. Also I am busy trading.
 
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