Question for Grob/Hershey...

Status
Not open for further replies.
Its becoming clear to me why I havent been able to get this sct thing. Im too damn dumb. I used to think I was pretty sharp. My IQ was pretty high in high school but I think my brain is pickled now by one too many Buds and a few kilos of pot over the years. I envy those who can grasp what you are laying out here Mak and more power to you. Fortunately there are opportunites for us slower brains too.
 
Quote from easyrider:

........................ Fortunately there are opportunites for us slower brains too.
More...

And plenty of them. Agree with you there. Just gotta let the market come to you.

Cheer up and have a Bud. This bud's for you.:D
 

Attachments

Quote from makosgu:

cont...

To the lurking FOWL, don't bother, this stuff is far too advanced for your current level. You will try to automate it and it will get you nowhere. Backtesting it, is not possible due to some very technical reason which you have not as of yet realized about markets. I studied your posts for a while and realized the pervasive symptom that you and many beginners have... It has to do with pulling the trigger. In order of your EQ, these type of individuals typically begin their paths by looking for others to trade for them, then they try to automate something, then try to coattail, and then somewhere give up, before reaching an actual beginning that is start from scratch and work from a safe riskless beginning point. It is a long path for most and the one that appears to be of least resistance... Resistance being pulling the trigger themselves which leaves the trader responsible for their decisions and actions. I have seen this countless times with many individuals I have crossed paths with. Trial and Error is a tough path indeed.

With regards to the previous attachment, as mentioned before it is built for IQFEED. It is 100% DDE driven. There is no code behind it whatsever. It is built upon the leading/lagging TRUTHS. I'm sure many of you are familiar with the synch that is or isn't there for some of you who don't see things. This is just a tool to get you calibrated. Already, there have been several PM's and Q's and alot of prepping I need to mention to lay some groundwork and what it is that one is looking at.

To begin with, it should be very simple to convert the above attachment to any datafeed. All datafeeds, that I know of have some way of access the data via excell (DDE means). To convert the following attachment to hook into to any DDE, simply change cells B5 and C5 to your DDE syntax.

B5 is currently formulated with "=IQLink|indu.x!last" and
C5 is currently formulated with "=IQLink|'@YMM6'!last".

Changing the above to the equivalent syntax given your datafeed of choice is the homework each one would have to do. These calibrates the rest of the sheet to monitor the offset between YM/INDU as most of us are familiar with. The above is a one time shot for you non-coding folks. In other words, once you have modified the sheet to work with your datafeed, save the sheet for daily use.

For each day, the sheet has to be calibrated to the days offset. This typically requires 2 minutes after the point at which the two symbols above synch. Fortunately, the following link provides the offset values everyday before the market opens...

www.indexarb.com

Pull the Dow Jones "Fair Value" down for the day. Today for example, it is listed as 63.78. Tommorrow it is projected to be 62.22, 60.65 the day after... etc... You plug in the current days value into cells C14. So this is premarket (ie. preflight) stuff. It takes me less than a minute to do. The market opens and you watch as the futures and index converge. Typically, for me, that means I watch as the highlighted cells of columns H and K converge towards each other. The offset differential is displayed in bold in cell K28.

Once I see the convergence complete (ie. +/- 2 range in cells K28), I then begin fine tuning. Ultimately, the market sets the true offset. The indexarb is often spot on, but the smart money folks are what we need to calibrate to. To do this, I pull up several things and this is rather advanced.

In the attachment below, the entire screen is coordinated around the DOM. My projections are done on a screen to the left. The attachment is the NOW screen. To fine tune, I watch a range bar chart for various reasons. I can use any chart NOW that I am visually understand and know how to fine tune, but I find it easiest to tune on a range bar chart. However, the range bar is VERY VERY specific. Because this is only for ES, I set my range bars equal to the spread as seen in the following attachment. Thus every single bar reduces to just the DOM action. Two pairs stick out like sore thumbs as you can see. Who coined anything from 11:05 to 11:15... Definitely nothing their to coin as seen on the chart. It is sideline for sure if you couldn't sit through it.

The neat part here is that you can see each one of the bars being influed by the YM. Typically, for offsets greater than 2, ES will follow long and follow short for -2. A bunch of you will get into the whole ONCE it did the opposite and then proclaim there's no leading. In SCT we talk about winning the game, not every point. I assure you I can get to very very lengthy details about a whole myriad of things that stem just from this sheet. I have been fortunate to have a non-stumbling mind as far as I can tell.

So my fine tune is complete once I see that a <-2 corresponds to bars forming short and a >+2 offset corresponding to bars forming long. As usual, if you just watch this all day long, you will be hyper. As a first step, just watch when you get to channel boundaries.

continued...

MAK
More...

Good luck with your trading MAK.
I see that you have been at it for about a year now. When you move out of your parents' basement be sure to let us know.
Maybe you could move in with Jack who lives at his girlfriend's house. I guess he hasn't bothered to spend his trading fortune on a house of his own. Oh Wait. Here is his quote to me:


Quote from Grob109
"People will definitely lose money using my stuff. That is a fact for everyone to know. "
 
Mak

this is excellent work on your part and very generous of you to share and detail - many thanks !

I set up an IB DDE just now and works well - will watch it live tomorrow during market hours.

For any IB feeders I used

=myIBusername|tik!id3?last in cell B5 etc.

I had to download and run the appropriate file from IB site

http://www.interactivebrokers.com/cgi-bin/apiBetaControl.pl?ib_entity=llc

thanks again !

IRL

Quote from makosgu:

So the B team as usual has had their usual spout and run of nothing material or constructive. Unlike the markets, they are predictable.

So today is FOMC day. I thought I'd stir up some dust by attaching some work that I have polished from my lab.

Attached you will find a STR.SQU.NEUT spreadsheet that is automatic. I stripped it down to bare bones. As usual, I suspect it will generate many questions. For some time there has been the argument about who leads what etc. etc... The mathematician around here suggested oil as the leader.

Today, perhaps, for the first time he will be able to see and verify very quickly why it is that the YM leads, ALWAYS!

If you're a beginner you will need to throw the upcoming discussion aside temporarily. It requires a lack of hesitation and the equivalent of muscle memory, but this muscle is between your ear lobes...

The following attachment is for IQFEED users. It is a DDE. The upcoming posts will provide additional context and how I use it. In time hopefully, we can get to a level of discussion on the underpinnings and how to broaden this to other markets. Some math will be involved....

Kind Regards,
MAK
More...
 
Quote from Chicken Little:

I guess he hasn't bothered to spend his trading fortune on a house of his own.
More...

Seriously dude, you really need to come up with better material. When Jack lived in Phoenix he didn't exactly live in a BFI dumpster. Perhaps, you should ask someone who lives in Phoenix to describe the house (and neighborhood) where Jack lived. You might not make yourself look so foolish in the future.

- Spydertrader
 
Quote from Chicken Little:

Good luck with your trading MAK.
I see that you have been at it for about a year now. When you move out of your parents' basement be sure to let us know.
Maybe you could move in with Jack who lives at his girlfriend's house. I guess he hasn't bothered to spend his trading fortune on a house of his own. Oh Wait. Here is his quote to me:


Quote from Grob109
"People will definitely lose money using my stuff. That is a fact for everyone to know. "
More...

LOL...

If you knew anything about me, you would have known that I had tragically lost my parents a long while ago. Despite having life experiences similar to Job from the good book, I always keep my head up and count my many blessings. It is unfortunate that to this day you have yet to have a religious experience. Another FOMC day has passed you by. 8 points in 10 mins... There were nearly 20 on the table post 2:15.

You have made a great example of why it is that being stuck is the worst place to be especially when you refuse to dig yourself out of the ABYSS you have dug yourself. You still haven't looked at the Equities component. 1%, 5%, 10%, 15%, 20% seeing any of these numbers in a single day is a religious experience.

You look around and all you see are failures. Your mind is screwed as far as trading is concerned. Go to Collective2. There are a bunch of folks over there getting the job done for you (at a premium) that you can't do for yourself. It was predictable that you would respond to anything that is going on. Of course, there is alot going on...

...SIGH...

So a few other comments. I know that there are a bunch of you who are running your channels (as one should). How this fits in is also very neat. If you're sweeping, you see that you only monitor STR/SQU when you get to boundaries. There were a few some time back who were having difficulties identifying a definitive FTT or the end of the R2L traverse. You can fine tune the bounces by observing the appropriate condition (STR or SQU) ONLY when you arrive at the boundary. If this is hyper during the AM/PM, just do some observations during lunch time lateral. The sequencing there is alot slower.

I will try and see if I can combine the PRV (simple excel code) into the STR/SQU sheet. It is not idiot proofed but IMO it is a must have for various reasons. When I see my PRV redlined, it is the overriding signal to do nothing and just HOLD. Typically, the PRV is noisy for the first 30-45 seconds of each bar. Often by about 90 seconds into the bar, I find the PRV to be good enough to confirm that the bar is in fact greater or less than the previous bar (greater being CONTINUE, less than being CHANGE). The reason why this is important is that a CHANGE sweeps you over to the STR.SQU.

SCTing is still a ways off discussion wise. I've been waiting a long time for other participants to get to the SCT point. However, there is no rush. It is very difficult for me to do a mind dump of all the relevant aspects and mind you, this is just the tip of the iceberg wrt STR/SQU stuff...

LOL...

Enjoy & Kind Regards,
MAK

PS
Yes easy, still working on the IB version... SOON
 
Quote from Ireland:

Mak

this is excellent work on your part and very generous of you to share and detail - many thanks !

I set up an IB DDE just now and works well - will watch it live tomorrow during market hours.

For any IB feeders I used

=myIBusername|tik!id3?last in cell B5 etc.

I had to download and run the appropriate file from IB site

http://www.interactivebrokers.com/cgi-bin/apiBetaControl.pl?ib_entity=llc

thanks again !

IRL
More...

Just saw this... U da man...

:cool:
 
Status
Not open for further replies.
Back
Top