Quote from Makosqu:
Stakler,
Let me answer your Q's. Hershey/Grob has been around since the usenet days. If you Google groups and search for Jack Hershey, you'll find some of his previous postings. Do a search on "james fowler" on Google groups and limit the searches to misc.invest.futures. You will find a nitwit from Harvard becoming gut hooked on Grob's bait trying to hash out a workable scheme.
Its all great fun.
MAK !!!
I don't understand why it's not possible to verify such a successful
futures trading system if it is based on objective rules. My own
attempts to automate the system have been frustrated at every turn by an
enormous problem that is apparently only resolvable by gut instinct:
when to let it ride. Jack gives instructions sometimes to get out at
congestion, but other times this congestion may really just be a
temporary jumble before the market continues its previous direction. Of
course, if we move to a higher fractal, this jumble won't look so much
like a jumble and we can ex post justify a decision not to sideline.
But I cannot figure out an objective system for determining ex ante
which fractal to make decisions on.
Jack apparently has great success in determining when to do this by
knowing the operating point of the futures market and having this
objectively linked to what time periods to use for his analysis. He
also persuasively describes how he does this. But in no systematic
application of his advice can I ever get the right results. In
simulation after simulation I have struggled to do everything he says,
every permutation of what he says, and I can never get the system to
offer up the results to which he says we should aspire (eg 30 points a
day on DJXX).
Please, Jack, you are trained in physics and engineering. You know that
if there is no mathematical solution that you should be able to use math
to prove this as well. Can you give an intution of how we might prove
your contention that "it is not possible to mathematically link the
applications?" Or could you clarify?
I have spent a great deal of time respectfully reading and thinking
about what you have written, but mostly what I feel now is frustration.
That is probably my own fault, a result of my own limited capacities,
but I thought I should express this since I am definitely not the only
one who has been enthusiastic about your posts and then hit a brick wall
once we tried to apply them in a rigorous way.
Sincerely,
James Fowler
http://www.people.fas.harvard.edu/~jhfowler/
Quote from Grob106:
Spydertrader,
you were probably looking for this quote from james fowler:
http://groups.google.com/group/misc...s+author:fowler&rnum=4&hl=en#ad6210f80809669d
What can I say? ... except Baron, I needs me more space for my ignores!Quote from Htrader:
Yes, its quite amazing the number of people that have been sucked in by such verbose gibberish. I can't decide which is more foolish. The people who fall for such things, or the person who spends so much time writing them.
Quote from Makosqu:
Stakler,
Let me answer your Q's. Hershey/Grob has been around since the usenet days. If you Google groups and search for Jack Hershey, you'll find some of his previous postings. Do a search on "james fowler" on Google groups and limit the searches to misc.invest.futures. You will find a nitwit from Harvard becoming gut hooked on Grob's bait trying to hash out a workable scheme.
Its all great fun.
MAK !!!
Quote from Spydertrader:
Just providing a starting point for those that wanted to review Jack's old USENET posts. I normally skip over the posts made by others when reviewing what Jack has / had to say.
- Spydertrader
P.S. Is 106 a different version of the same glider company, or a different aircraft entirely?