Joe Doaks and ET Develop the Perfect System

Quote from kut2k2:

Seems like you enabled the death yourself, with the jokey tone and encouraging the silly tavern humor.

Can't have your cake and eat it too, dude, so pick a serious tone and stick with it if you have a serious point to make.
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I agree with you.

It may not be possible for a person to do work arounds or inovative circuitry for very efficient or effective trading, but is still may be possible to have a meeting place to consider some almost universal hang ups found in trading approaches.

I know this thread is history since I have posted. I would have not posted except for the fact that the thread was already dead and it left a supelative idea hanging out there without the reason for its super value.

There isn't going to be any miracle in ET for making it possible to have serious discussions and contributions. the reasons are obvious and could have been dealt with back when there wewre flickers of substantive intellectual stimulus.
 
Jack says: "the most important bar is the one in the sequence that tells you two things: something hasn't happened before it appears and, second, something will happen after the bar appears"

Joe says: "the most important bar is the one in the sequence that tells you nothing because nothing is happening"

"flickers of substantive intellectual stimulus"? That doesn't sound like you at all, far too literary.
 
Quote from Joe Doaks:

Clever. But I am missing something. Where is volume flat and price flat?
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move your thinking up a level.

Make an ernest effort to connect.

You can see the boundary.
 
Quote from Joe Doaks:

Jack says: "the most important bar is the one in the sequence that tells you two things: something hasn't happened before it appears and, second, something will happen after the bar appears"

Joe says: "the most important bar is the one in the sequence that tells you nothing because nothing is happening"

"flickers of substantive intellectual stimulus"? That doesn't sound like you at all, far too literary.
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What would it be like if you thought before speaking.

No one is going to hold your hand intellectually. At some point you definitely need to reflect on what is possible if a person can think.
 
Jack, the main reason I post my little "systems" is to point out that you NEVER have posted any proof that you can automate YOURS. In truth I think you CAN'T, because the rules are too fuzzy, or the conditions too ambiguous to measure. I have any number of little systems that are profitable that take almost no code to capture. Some as little as two lines. If you can't capture it in a hard algorithm, it's not a system.

And in truth I did think before I spake, as the bar that tells you nothing IS the most important in my scheme of things, because I know to stand aside out of respect for my ignorance.

And speaking of thinking, I have devoted at least half of my posts on ET to well-reasoned criticisms of SCT which by-and-large remain unanswered, because your crowd is incapable of critical thinking. They only know what they are given, and therefore are fearful of examining it, lest they find it to be founded in unquantifiable untestable opinions.

Quantify it. Write unambiguous algorithms. Code it with unambiguous trading signals. Trade it. That is the only path to trading truth.
 
Quote from Joe Doaks:

Clever. But I am missing something. Where is volume flat and price flat? You know, those pesky consolidations?
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Volume rarely signals as 'flat' on either the 2 minute or 5 minute timeframe. However, The YM provided just such an event on 4-29-2008.

Unfortunately, your question indicates exactly what you miss with respect to the P-V Relationship. In a strange ironic twist, you simply asked the incorrect question.

- Spydertrader
 
Pas du tout. With respect to NQ, there are long stretches during the day when both price and volume are essentially random. I have tests that I apply to both to know when not to get seduced into trading patterns which start out looking tradeable but are in fact sucker trades. 1:45 to 2:30 ET today was one such. And if you know where likely S/R are, or a keen eye for candlestick patterns, you have no need for ambiguous interpretation of volume.
 
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