In other words, you could have told me "stop with avoiding the essential and prolonging for even a milimeter a huge development attempting to be back to the essential, shut up and just do it"
BE, DO, HAVE
Making JH' SCT and all his material alive
- Thread starter WchPl
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In other words, you could have told me "stop with avoiding the essential and prolonging for even a milimeter a huge development attempting to be back to the essential, shut up and just do it"
BE, DO, HAVE
I'm a bit curious about all permutations, but not 90++ million of them! 
There are some modifications bar-by-bar that is interesting to map:
Instead of reinventing the entire system from scratch, using 55+ years on that, I believe Jack also learned from others and utilized common practices among traders (the "straight line club"), thus shortening learning curve.
However, what is needed to perfect, is iterative refinement according to market information, not perfect design that somehow should "dictate" the markets! Very big difference! Despite "perfect" analysis, markets still dictate our partnership terms!
There are some modifications bar-by-bar that is interesting to map:
- Degapped Price Case
- IV or DV
Instead of reinventing the entire system from scratch, using 55+ years on that, I believe Jack also learned from others and utilized common practices among traders (the "straight line club"), thus shortening learning curve.
However, what is needed to perfect, is iterative refinement according to market information, not perfect design that somehow should "dictate" the markets! Very big difference! Despite "perfect" analysis, markets still dictate our partnership terms!
Unfortunately and I apologize for that, I can't refind the chart I was on. I did not screen it wholly and can't find it anymore neither in my PC, nor on TradingView.
Nevermind, a log is a log, whichever chart it's on.
So I take (and screenshoted it ! ^^) this new chart, it's the 03/19/19 one, and I'll stick to this one 'til it's filled.
I began the log and the first problem I'm on is a t bar 7 and what I wonder is : being as I have a SYM at bar 6 with DEC volume, then when bar 7 comes and is an XB so permits to measure volume, what is volume bar number 7 to be compared to ? If it's to prior bar, so SYM's volume bar, then it's INC, if it's compared to the last measured volume bar, so bar number 5, then it's DEC. What is the rule here ?
Plus, another thing is that I'm unsure about, is if bar 3 isn't a new P1 due to the XB PC.
NB : I notice as I post this, that I began at 09:35 as bar 1 because I was influenced by Jack's log I used here, which begins one bar after opening. Can you point out if this is correct please ?
All people have different ways of "learning". There is no one size fits all, just as there is no one way that is the right way to learn.
Jack developed an "expert system". If you look up the meaning of expert system, at it most basic it is nothing more than a lookup table. If x happens, then do y, otherwise do z. If a and b happens, then do c, otherwise do e. ... It's a lookup table. I'm not referring to the modrian, move reversal, or any other handout. Those handouts require the expert system to even know when to use them... Lookup table A (the system) says to use Lookup table B.
This all lends itself to being a rule-based system. But when combined with market dynamics, there are holes... Things that happen that have no exact entry in the systems' lookup table. This becomes an opportunity to promote the "expert system" into a "learning classification system". A "learning" system learns. For purposes here, such a system is NEVER complete. Is that Inventing? I don't think so.
Jack developed an "expert system". If you look up the meaning of expert system, at it most basic it is nothing more than a lookup table. If x happens, then do y, otherwise do z. If a and b happens, then do c, otherwise do e. ... It's a lookup table. I'm not referring to the modrian, move reversal, or any other handout. Those handouts require the expert system to even know when to use them... Lookup table A (the system) says to use Lookup table B.
This all lends itself to being a rule-based system. But when combined with market dynamics, there are holes... Things that happen that have no exact entry in the systems' lookup table. This becomes an opportunity to promote the "expert system" into a "learning classification system". A "learning" system learns. For purposes here, such a system is NEVER complete. Is that Inventing? I don't think so.
I think @Sprout didn't really mean I was inventing anything, but rather warning me I was going a bit away from what is to be done AT THE CURRENT MOMENT. If I was already able to log 100% of the charts and mastering every RDBMS tables, he would certainly has had other words to me. It is, imho, more a "you're doing good when the moment has not come yet, and you're not doing when the moment is here".
He will maybe either confirm or not. Anyway, that's the way I received it from him.
Now, about your post, I understand what you say, very well and I agree with most of it
I think @Sprout didn't really mean I was inventing anything, but rather warning me I was going a bit away from what is to be done AT THE CURRENT MOMENT. If I was already able to log 100% of the charts and mastering every RDBMS tables, he would certainly has had other words to me. It is, imho, more a "you're doing good when the moment has not come yet, and you're not doing when the moment is here".
He will maybe either confirm or not. Anyway, that's the way I received it from him.
Now, about your post, I understand what you say, very well and I agree with most of it
I think he was mostly afraid having to scroll through millions of pages of permutations at this point, and for storage costs for ET itself..
I think @Sprout didn't really mean I was inventing anything, but rather warning me I was going a bit away from what is to be done AT THE CURRENT MOMENT. If I was already able to log 100% of the charts and mastering every RDBMS tables, he would certainly has had other words to me. It is, imho, more a "you're doing good when the moment has not come yet, and you're not doing when the moment is here".
He will maybe either confirm or not. Anyway, that's the way I received it from him.
Now, about your post, I understand what you say, very well and I agree with most of it
No offense, but @Sprout ways work 100% of the time for @Sprout. You are @WchPl
That's actually a bit funny. "Expert systems" were supposedly going to revolutionize IT in 80's, just like ML is supposedly going to now..
In the meanwhile, people have forgotten the basics that always have worked. I suppose the shoe fits well for those who trample others. Difficult to help those who shoot their feet, unethical too!