Quote from river:
Jack, the multiple laterals during the last hour or so of the day make determining where we are in the sequences and what we are "looking for" at the open unclear, at least for me.
Would you share where we are in the sequences and what we are expecting at and shortly after the open on Tuesday?
-river
Thanks for asking.
2013 is going to be a tough year for where people may be working on a lot of diverse concerns. Follow the Davos, if you can.
You are recognizing an aspect of how markets require a lot of sophiistication.
The GTM lasted almost 5 hours to day. It was a tough day for holding together the five interlocking sequences for SCT. BUT it is possible to do their integration.
A key element is when person MUST deal with the trading fractal very precisely during "laterals".
I will be posting a trading record for a while beginning shortly. I am still seeking how to post the record to satisfy the most difficult people that need to be set straight. They have not provided input to me as yet. My posted records will not mean much to anyone who has no standard of performance measure.
Brief laterals can be waited through. Longer laterals do exceed the staying power of any current bots or algo's. I determined when this state of the FI goes into "being largely mistaken and withdrawal takes over".
I do a retro on the bar-by bar at this time. The retro is a process of dong the test procedure whereby no bar is any longer a wait bar. It begins on the bar 1 of the lateral.
In coding on a RDBMS, laterals have rules and I do not code in a way that degaps (I figure platforms ,to be competivie, will have to degap soon). So I annotate manually to keep the lateral width in the correct place.
At present degapping is done on rollovers and opens, so I figure the third requirement of bar-by bar degapping is going to happen.
So my coding is just a little ahead of schedule.
1. Determine when the FI gets frightened in the course of a lateral.
2. Do the test procedure bar-by-bar from bar 1 of the lateral using the bar 1 volume name as the beginning of the retro.
3. when BO of the lateral occurs, go back to the MADA routine of using the volume test procedure with the gates and kills for permission to measure from price as usual.
To reduce the above vagueness in my explanation and to reduce your having to work pretty hard for a while, I will give you the answers you need below.
1. Lat7 is where you stop coding lateral permission kills and gates. At lat7 the FI bots and algo's are screwed up.
2a. Put in a kill on bar-by-bar forward volume test procedures. Kill the kill with the lat BO code.
2b. Go to the bar # of lat3 and subratct 2 to get the lat1 bar #.
2c. On lat2 bar# do the volume three part test procedure (with the "permission still killed" so the test is just done per MADA. Log the event name.
2d. Keep repeating 2c until a BO of lat occurs.
2e. When you get to the lat7 bar (in less than 300 seconds, I hope) assure that you are on the correct side of the market (this means take a behavioral action if necessary (you make a little money)). I annotate in green during this time.
3. On BO of lat, kill the retro, kill the permission kill. Return to MADA on a bar-by-bar basis.
It is not possible for me to explain the deduction required for you to do as I suggest. But there is a benefit; your problem goes away permanently.
I looked over the landscape for 2013, and determined that bad times are ahead for most. The government is "owned" by others than the citizenry. Globally it is worse. So I decided to post my trading record in a form that handles all others crap. But I am not going to lay it out in a form that is reverse engineerable. I gave a clue to surf's supposed quants and I got the signals back that there is a lot of BS in most forums. No one could reverse engineer anyway. Look at blowinsky screwing up on the fidelity platform trying to reverse engineer the Cash Cow which used the leading signals of MACD, etc..
One side effect of posting a record is that the government agencies will also be tracking me. And then I get to go through a replay of past legal battles (which I know how they end as usual) with a new set of brains replacing those older guys who retired or died.
All of SS and CMS was prepaid and the commodity value of trust money was obliterated by foolish loans to the US gov't. This will allow someone somewhere to see I made a good arguement for using prepaid money to make more money than required to be spent in the future.
The open tomorrow is short.
