Question for Grob/Hershey...
- Thread starter makosgu
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lol....
Tucson will be fielding some help as well. it looks like lots of islands are forming on the map and they will, in time, begin to form a contient.
On other fronts we are making camtasia SOP tonite for the Q and A part of our meetings. Our first week of recording slugs of drills is coming to an end as well.
today was interesting for me - I realized a few things and looked only at the PRV xls and 5 min ES
1. Looking back at PRV in a historical non recorded way is not fruitful.
2. Watching PRV live and ignoring the initial burst of a new bar formation and then analyzing from there on repeated occasions got me on the right side of the market. I entered on medium to fast pace on the break out of a bar in that direction
3. I held through bar breakouts going against me that were not accompanied by sufficient PRV
4. Even in the very last part of the day at 16:00 there was a short that paid off as PRV increased and bar broke out downward from PT3 of the down channel
This is all from an amateur's view - day 1 on the job with the new toolkit and I make these observations therefore with the assumption that I need further training. My expectation is that the str/squ and DOM chart would get me into a trade sooner than waiting for a 5min bar breakout that is accompanied by decent PRV
Got some wmv files to watch now - thanks for posting those Mak
IRL
1. Looking back at PRV in a historical non recorded way is not fruitful.
2. Watching PRV live and ignoring the initial burst of a new bar formation and then analyzing from there on repeated occasions got me on the right side of the market. I entered on medium to fast pace on the break out of a bar in that direction
3. I held through bar breakouts going against me that were not accompanied by sufficient PRV
4. Even in the very last part of the day at 16:00 there was a short that paid off as PRV increased and bar broke out downward from PT3 of the down channel
This is all from an amateur's view - day 1 on the job with the new toolkit and I make these observations therefore with the assumption that I need further training. My expectation is that the str/squ and DOM chart would get me into a trade sooner than waiting for a 5min bar breakout that is accompanied by decent PRV
Got some wmv files to watch now - thanks for posting those Mak
IRL
Thanks so much for this post. So WE ARE going to have a great weekend...
KNOCK! KNOCK!
Do not worry about the DOM. That is a ways off for most if not all... We will add one thing to slow everything down EVEN FURTHUR... I didn't like the camtasiaed vid quality I put up so I will have to tack some more posts onto the thread...
Easy/IRL, our task over this long weekend will be to get the picture straight (VERY VERY STRAIGHT). You have gotten me absolutely stoked Irl (no hocus pocus this weekend). I will run a catch up with Grob since he has old school tools and we can run some new school tricks... Excel DDE is definitely having it's advantages in allowing me to create the kind of pictures some of you are building.
Txuk, I may have to step back on the STR.NEUT.SQU wrt to calculating the eurodollar curve in RT... It turns out I had presumed the smart money folks were monitoring a different interest rate curve. In other words, we can get an explict fine tune of STR.NEUT.SQU as you had pointed out earlier (ie. no SQUEESE/STRETCH FAILURES's). I've got to spend lab time with it. Even this old dog can learn new tricks. We will start getting the picture straight on the smart money (STR.NEUT.SQU) abstraction.
Alot of nice apples today... Pick, pick, pick...
I already can't wait for Monday....
MAK
I'm looking forward to these, assuming that there will be a way to get ahold of them. If I have to fly down to Tucson, so be it.
When I went through basic and AIT training, drills were the SOP day in and out. The DI's would show us the end result, and then break it down by the numbers.
Left-face. In cadence.
One - turn your body & left foot 90 degrees to the left, on the heel of your foot. Turn your right foot 90 degrees to the left, pivoting on the ball of your foot.
Two - bring your right foot up to your left, heels touching, forming roughly a 30 deg angle between your feet.
Then we'd practice for hours.
The DI would call out
"Inn CADENNNNNCE!"
We'd respond
"In CADENCE"
"Left FACE"
"ONE TWO"
And off we'd go, building up on these little, insignificant blocks of marching. All the time, we were also having pictures created in our minds.... marching is done to a beat... the DI says left-face and you left face... the DI says about-face and you about face... you move in synchronicity with the soldier to your left and right...
All the time there was feedback. You hear the command. You move your body. You observe your "buddy". You shout the steps. You operate to a beat. So much feedback, it was hard to screw up.
Yet screw up we did. Often. And there was feedback for that too. You'd regularly hear "Half-left FACE" and "Front Leaning CENTER" which meant the whole platoon had po'd the DI, and we were going to get punished (pushups!). Well, we thought it was punishment. It was really corrective action in order to reduce and eliminate the wrong behavior via painful feedback. And it helped build stamina and strength.
It's been over 15 years since I went to basic training. Yet, I can still do D&C. I can still pick up an M-16 and conduct inspect arms. Why? Because I was shown how to do it using simple atomic steps, I was told what to expect when I do it, and I was given constant feedback when doing it, by my own actions (kinestetic, auditory, visual, etc.) and by someone who knew how it should be done. Over, and over, and over. Now, I don't need anyone to show me how to do it. I don't need them to point out when I've screwed up. I know, beyond a shadow of a doubt. Just as importantly, not only can I do D&C, I can teach (show? transfer?) someone else how to do D&C.
I've got high expectations for the upcoming stuff.
Anthony
super post, Tony.
I can assure you that we are going to have this up and running so that anyone in the world can get from point A to point B.
We will have a way for a person to go into the system and retreive whatever is desired. That material in the format selected will enable the person to get the job at hand done.
We are introducing the Indicator quadrant of our pie chart tonite. I have just pulled down off the incoming e-mails all the Q's that have appeared during the interval between meetings.
A sample is below. You can see that a person is at inquiry and is involved for the long haul.
MAK, on point here, and the crew that are contributing, is what it is like in Tucson.
Our afternoon subgroups run 4 to 5 hours; one on ones have gone 8 hours starting at 1. On weekends we are oriented primarily to tasking and debugging and assembling completed efforts. As you can guess some of the wives are insisting that we do not run over into the evenings.
Since starting on the camtasias we found that they needed to be transcribed and filled in with the illustrations. To figure this out only came after we experienced needing something of quality to take note upon.
I find that your post on doing a sequence of elements (marching) is applicable to almost all of the sections of the handouts we do.
For indicators we just changed the order of materials completion. First we do a group interaction on video and then it is transscribed and both the camtasia and doumentation is editied several times by differnt crews with different purposes (glossary, Village Idiot profing, and straight publication and video editing). The biggest benefits go to the people doing this work. They are creating transference for others but it turns out it is also a terrific trensference for them personally.
Here is a sample:
Hello Jack,
At the last IBD meeting you mentioned that tonight you would start on the topic of indicators. Unfortunately I cannot attend as itâs a topic I would love to hear you present. But hopefully I can hear a recording of the meeting at some point. Whether I can or not, I wanted to throw out a few questions that I have related to indicators. If any of these are worth discussing perhaps you can get to them over the next few meetings, or work them into your posts over time.
You optimized the coefficients for MACD and Stoch for todayâs trading environment... as the trading environment continues to change do you expect we will need to alter these again. Can you foresee a time when these two are would be better replaced by something else. Example, there is quite a difference between 12,26,9 and 5,13,6... in twenty years is inconceivable that a 2,6,3 would be needed and could it be effective?
How do you know when indicator coefficients are optimal? What puzzles me is when you mention optimizing for todayâs market I assume the primary difference between then and now is Volume. But, we are using the same params on both equities and futures, each of which has many instruments to trade that have vast differences in volume, and even within an individual instrument there is vast differences in volume at different times of the day.
Does it ever make sense to dynamically adjust coefficients to the pace of the market? I.E. use different values for early AM vs. lunch vs. PM. Iâm not thinking from an observational âsufficientâ point of view, but rather an automated âoptimalâ point of view.... in the perfect world would I want my charting app or my automated trading software changing coefficient values as other conditions change.
How did you determine the optimal coefficients that you recommend for MACD and Stoch? Its interesting that you and Pring came up with the same MACD params independently... is there a mathematically correct way to optimize them? I suspect no, but would be interested to hear your view.
You have mentioned that your params for MACD and Stoch work the same on all fractals... do you mean ALL, or do you mean all 7 of the fractals that you normally trade and that are roughly similar multiples of each other. I.E. would the same params work the same on a 789 minute fract? And is it your optimal parameters that cause this effect, or is it due to the nature of fractal behavior?
The A to Z book is filled with indicators we could use, some more popular than others... why did you settle on MACD and Stoch? The only other âindicatorâ that Iâm aware that you use on a regular basis is Wordenâs BOP.
End of e mail.
You can see that these are Q's in a context. I especially liked the Pring comment. There was a considerable time offset in where each of us came to the same conclusion.
You can also see that we are getting helpful input on how to do a better job. We are now able to recognize that this process going on is something that can be repeated in other places and over time for new persons.
With MAK on point and all the group interactions and mutual support it is very evident that there are going to be some very effective and efficient traders taking out of the market what the market continually presents.
Maybe someday some of this stuff will actually be part of the workshops and conferences the vendor's, pro's and publishers run......lol........
I can assure you that we are going to have this up and running so that anyone in the world can get from point A to point B.
We will have a way for a person to go into the system and retreive whatever is desired. That material in the format selected will enable the person to get the job at hand done.
We are introducing the Indicator quadrant of our pie chart tonite. I have just pulled down off the incoming e-mails all the Q's that have appeared during the interval between meetings.
A sample is below. You can see that a person is at inquiry and is involved for the long haul.
MAK, on point here, and the crew that are contributing, is what it is like in Tucson.
Our afternoon subgroups run 4 to 5 hours; one on ones have gone 8 hours starting at 1. On weekends we are oriented primarily to tasking and debugging and assembling completed efforts. As you can guess some of the wives are insisting that we do not run over into the evenings.
Since starting on the camtasias we found that they needed to be transcribed and filled in with the illustrations. To figure this out only came after we experienced needing something of quality to take note upon.
I find that your post on doing a sequence of elements (marching) is applicable to almost all of the sections of the handouts we do.
For indicators we just changed the order of materials completion. First we do a group interaction on video and then it is transscribed and both the camtasia and doumentation is editied several times by differnt crews with different purposes (glossary, Village Idiot profing, and straight publication and video editing). The biggest benefits go to the people doing this work. They are creating transference for others but it turns out it is also a terrific trensference for them personally.
Here is a sample:
Hello Jack,
At the last IBD meeting you mentioned that tonight you would start on the topic of indicators. Unfortunately I cannot attend as itâs a topic I would love to hear you present. But hopefully I can hear a recording of the meeting at some point. Whether I can or not, I wanted to throw out a few questions that I have related to indicators. If any of these are worth discussing perhaps you can get to them over the next few meetings, or work them into your posts over time.
You optimized the coefficients for MACD and Stoch for todayâs trading environment... as the trading environment continues to change do you expect we will need to alter these again. Can you foresee a time when these two are would be better replaced by something else. Example, there is quite a difference between 12,26,9 and 5,13,6... in twenty years is inconceivable that a 2,6,3 would be needed and could it be effective?
How do you know when indicator coefficients are optimal? What puzzles me is when you mention optimizing for todayâs market I assume the primary difference between then and now is Volume. But, we are using the same params on both equities and futures, each of which has many instruments to trade that have vast differences in volume, and even within an individual instrument there is vast differences in volume at different times of the day.
Does it ever make sense to dynamically adjust coefficients to the pace of the market? I.E. use different values for early AM vs. lunch vs. PM. Iâm not thinking from an observational âsufficientâ point of view, but rather an automated âoptimalâ point of view.... in the perfect world would I want my charting app or my automated trading software changing coefficient values as other conditions change.
How did you determine the optimal coefficients that you recommend for MACD and Stoch? Its interesting that you and Pring came up with the same MACD params independently... is there a mathematically correct way to optimize them? I suspect no, but would be interested to hear your view.
You have mentioned that your params for MACD and Stoch work the same on all fractals... do you mean ALL, or do you mean all 7 of the fractals that you normally trade and that are roughly similar multiples of each other. I.E. would the same params work the same on a 789 minute fract? And is it your optimal parameters that cause this effect, or is it due to the nature of fractal behavior?
The A to Z book is filled with indicators we could use, some more popular than others... why did you settle on MACD and Stoch? The only other âindicatorâ that Iâm aware that you use on a regular basis is Wordenâs BOP.
End of e mail.
You can see that these are Q's in a context. I especially liked the Pring comment. There was a considerable time offset in where each of us came to the same conclusion.
You can also see that we are getting helpful input on how to do a better job. We are now able to recognize that this process going on is something that can be repeated in other places and over time for new persons.
With MAK on point and all the group interactions and mutual support it is very evident that there are going to be some very effective and efficient traders taking out of the market what the market continually presents.
Maybe someday some of this stuff will actually be part of the workshops and conferences the vendor's, pro's and publishers run......lol........
The first tool MAK created is flexible and it will adapt over time as markets change. I would like to be able to see the Str/Sq on the (5,3,3) Stochastic fast-slow line.. Like MAK said it could be used for any pair. My project after Uncle Sam obligations this weekend....Any help would be appreciated.
It was almost Magic watching the PRV tool in action today!!!
It was almost Magic watching the PRV tool in action today!!!
Great observations, 10 years for me, seems like yesterday, I can still hear the grumbling voice of our HEAVY. I believe it is called BASIC for those very reasons you mention. (KISS) I was older than most of my platoon, so my perspective was slightly different than many of the other recruits. It was neat to be able to observe how things work, i.e. - repetition, teamwork and pain, when someone screwed up it was always left to the platoon to alter the individuals, while the DIâs just punished everyone. But your accounts of drilling on the parade deck and inspection arms bring back vivid memories, the smell of CLP, and the feeling of being covered in sand if you screwed up. Through doing drills and experiencing pain when you screw up you quickly learn to adapt and use the tools you have to accomplish the extraordinary as a team. (Semper Fidelis)
As a side note I am not an excel expert nor do I currently have the feeds available to monitor the sheets MAK has posted, (working on getting them) and thanks for the media files MAK. I have looked at them and they are inspiring to say the least. To have the ability to SEE something is worth more than anyone can comprehend (even if it is not live) without seeing them at work I still have the ability to question WHY they work and WHAT they can explain in terms of market operation. From my beginner perspective, everything comes together to establish the operating point of the market. What this means to me is, as the market performs it tells a story of where it can go relative to where it has been, and how it got there. So without guessing / predicting, the market creates its OWN possibilities and lack thereof by blocking potential sequences. For example, a traverse ending with extreme volume⦠What is the significance of this? Well, from my observations, likely the following traverse will exhibit an FTT and a new trend will commence, why, because the extreme volume signifies that change will likely enter the picture sometime ahead of NOW. (anticipating/ not predicting) the next leg would likely exhibit an amount of buyers unable to push the price higher and show as an FTT. So what do all these tools and excel sheets come together to allow us to finally realize? Where the instrument has been and where it is likely to go next. I believe the Market matrix is worth considering at this juncture, my interpretation is attached. Jack has suggested the entire matrix consists of twenty seven / nine? cells I have come up with nine, my interpretation leads me to believe that nine cells may exist for each type of trend i.e. 9 for lateral trends, 9 for long trends, and 9 for short trends. Any comments, corrections, or alternative pictures?
Many times I feel like my understanding is not at the same level as most of the others here, and hesitate to post my beginner observations and questions, but I have decided to apply the Rhinoceros approach to this, and CHARGE!! Here is the picture I have.
TIA,
EX
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