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Questions to Jack Hershey
- Thread starter BenzMercedesSL
- Start date
whats on the bottom of your chartQuote from DB_sezwhat:
Continuing the series, here's a YM chart(which Lucrum knows is a leading indicator of ES) showing accumulation on its channeled fractal. The question becomes, "when does non-dominance become dominant?" This is a great example of showing before the fact What Must Come Next !
Quote from ammo:
whats on the bottom of your chart
cumulative delta volume
http://www.elitetrader.com/vb/showthread.php?s=&postid=3357353#post3357353
Quote from pepdegree:
Jack,I want some kind of a "+","-" indicator.Such as on my iPhone's volume,you know.You know.
The Stretch/Squeeze is really simple (color coded) and leads by quite a bit since it is tracking smart money. It also works off the Premium (or equivalent) so it is tightly configured in the CW setting.
My view is that the trader's goal is to have a fully differentiated mind. I regard it as the greatest tooling "reading" the market continually.
As I said, I learned so long ago that I feel like I am a tape reading robo who just has a very modern and complete data feed and display system.
your mind can deliver a very neat + - system to you. The market is so huge it doesn't do anything "suddenly or not knowable in advance (not predicting).
Quote from pepdegree:
What is the key in getting fully differentiated mind? It's not that easy to do.
My sample of people is over 10,000, I would guess.
By watching and listening to this non stratified random sample, I would say three things are involved:
1. Knowing how learning works.
2. Knowing how the mind works.
3. And knowing the sequence of drills to build the mind.
Sub sets of this endeavor include:
1. Understanding your heritage and character.
2. Being trained in Science.
3. Knowing how to build walls around inference that is associated with any myths or false beliefs. The mind cannot erase without supreme difficulty. Examine this erasing process and appreciate that building the walls is a more satisfactory process.
Also there are some pragmatic considerations.
1. Self teaching has major pitfall: it is very difficult to always manage the process of proving to yourself that you are learning correctly. When you learn a concept incorrectly, then you mind cannot subconsciously reorganize your knowledge and skills as you sleep.
2. At some point you can recognize that your mind is sufacing questions consciously for you to get answers to so you can "fill in" weaker spots in the spectrum of your differentiation.
3. It is always wise to listen to and evaluate the systems you observe in others growth and differentiating processes. This keeps you on the main trunk of the tree and you can determine when a person is going out on a limb that is going to break and when he will fall off and end the process.
Notice there is another thread on the supposed "evolution" of systems. What has eliminated the growth process on that thread?
The whole basis of differentiating the mind (building a mental ATS) is the partnership of the trader and the market. Read the partnership contract frequently. Neither partner is allowed to do the other's role and eahc partner must contribute his full services.
The result of the partnership is that each knows he knows all the time.
Granularity creates the ability to know ahead of the present.
Over the last 53 years I have ststed the details of everything mentioned in this post. I collected the commentary and put it into five outlines as file folders. then I began dictating the essential aspects as a way to cull and edit all of my responses to the questions of others. I organized everthing in an order for larning and differentiating the mind. Technically, among those I work for, it is called "tranferring". I use four categories of documentation as everyone knows: Text, Market Charts, Logic diagrams and flow sheets, and Excel logic organization levels of logic snippets. It was a way of emptying my mind and making a record in electonic filing.
So all the snippets of trading functions are now on warious web sites and many many presentations are archived that show the aspects of PEP and its applications. I also reduced the applications to one pagers that can easily be coded and traded as ATS's if the person is skilled enough. Most aren't. Those that did it have performance data for their periods of operation.
So everything a person hs to do to become fully differentiated is available and in use.
PEP was deduced using the Scientific Method. The Pool Extraction Paradigm is a Hypothesis Set (HS) (taken from the early history of markets) The Parametric Measure (PM) is more novel and almost never used by any other practitioner, logian, or theorist.
I will explain specifically how to fast track to expect in one more post. This and the next post will make it possible for anyone to compare their viewpoint to my viewpoint in a very short time (minutes).
As redneck thinks, it is anyone's right; as I view it, it is anyone's priviledge. LOL.
Rights are exrcised by personal initiative.
Priviledges come about as a consequence of an externality. I provide that externality.
How to differentiate the mind fully in the parametric system of the market's offering.
The hypotheses set forth the Vand P relationship over events. The parametric measures are four gerunds ('ing's). For a paradigm to work all Hypotheses must be "in kind".
Markets turn out to be cyclic; therefore two opposite trends determine a cycle. This announces the fractal nature of the markets and how fractal interlock. A parallelogram (or trapezoid) is the nonstationarity based container. Opposite sides are parallel.
The gerunds dictate the Parametric Measures as ratios of variables. I use a denominator of 1 which stands for one event. The numerators are for the IF'S and for the THEN's. Volume leads price.
HOW to build the mind is a process of creating long term memory for two sets that have a one to one corrspondence.
There is elasticity in the container and it is caused by two things: the units of measure of volume and price. Each one is a non continuous function.
This dictates the mathematics of the market operation. It is an algebra and the base is two. Thus, form the 1840's the mathematics became available. Boolean Algebra has many applications.
Use some ticks to make some bars. Use some instrument units to make some volume bars.
The first task is to ID all the identifiable constructs and combinations of these variables and to deduce the Hypothsis Set that comes from the relation of the two variables. In the language of Science and Mathematics, these are called Cases.
Your mind has to have these cases in long term memory. So discover them; prove they are the set; and arrange them in a continuum.
You have finite sets, and the elements are complete and the elements have an order of events and they form a simple container which cycles and which in terms of fractals are interlocking in a specific unchanging ratio.
This is knowledge and the amount of knowledge for a system is very small and very complete.
Before the PC and when the world began to use electricity, Market information was transmitted over wires and a series of events was made public to all that were equipped. When I canoed from Whitehorse to Dawson, I got to see the wires along the rivers and the battery operated relay stations along the way. I collected broken battery parts and tin cans as souveniers.
From the ticker tapes of the past, the HS and PM came about. Nothing has changed.
The HS and the Cases interrelate and complete the picture of building the mind. I call it "Putting the Pieces Together". This is how "tape reading" turns out to work.
All you do is use binary switches in the form of vectors to make money. There is no probability when it comes the the setting of a switch.
Two Cases of the market make money and all ther cases are squished to have the two cases that make m0oney. You have all the pieces and as they form you squish them into the "long" or the "short" case.
When a squishable case straddles a "right" boundary you decelerate the money velocity of the RTL by geometrically fanning the RTL. When the price exceds the LTL, you accelerate the boundary by redrawing the new steeper container.
So now you have your training encompassed and you use a display to show three interlocking levels of the market containers.
The schema for fully differentiating the mind, to read the market, is to drill on annotating a display which shows the cases as boxes. Fighting the battle to have displays show the cases is long over and was hard fought simply because perveyors were so simple minded. It was as difficult as have a two colored ribbon on a ticker tape. You can remember that that didn't happen except on typewriters.
What is it that slows this process of ganing inference in the mind?
1. Working in an ineffective way that lacks purpose.
2. Being prevented from doing anything because prior beliefs prevent it.
3. Fear that comes from the mind/body self protection system. See Lizard Syndrome.
4. A paralysis that comes from oxygen deprivation and CO 2 surpluses (Bohr Syndrome).
5. Having an orientation to making money following the CW.
6. Using the CW tools to examine the market.
What are the simplest small things that can help overcome the above?
1. Find out that two bars with HH's and HL's causes a long trend by price change.
2. Find out that two bars with LL's and LH's causes a short trend by price change.
3. Notice that volume peaks coincide with price extremes and that occasionally volume shows as leading price. (LTL's)
4.
Notice that volume troughs coincide with price retrace endings and that occasionally volume shows as leading price. (LTL's)
So with this approach underway and succeeeding, when does the mind create the ends of trends?
Also examine why Covel and those he writes about could not get any of this?
Look at the problems people who use PA only encounter. See if you can reason out how to help them and them how to let them accept being trained.
Lastly, look at how others judge trader peformance and find out how they got to use the term "unbelievable" in their vocabulary.
Annotate and use MADA instead of OODA and betting.
The hypotheses set forth the Vand P relationship over events. The parametric measures are four gerunds ('ing's). For a paradigm to work all Hypotheses must be "in kind".
Markets turn out to be cyclic; therefore two opposite trends determine a cycle. This announces the fractal nature of the markets and how fractal interlock. A parallelogram (or trapezoid) is the nonstationarity based container. Opposite sides are parallel.
The gerunds dictate the Parametric Measures as ratios of variables. I use a denominator of 1 which stands for one event. The numerators are for the IF'S and for the THEN's. Volume leads price.
HOW to build the mind is a process of creating long term memory for two sets that have a one to one corrspondence.
There is elasticity in the container and it is caused by two things: the units of measure of volume and price. Each one is a non continuous function.
This dictates the mathematics of the market operation. It is an algebra and the base is two. Thus, form the 1840's the mathematics became available. Boolean Algebra has many applications.
Use some ticks to make some bars. Use some instrument units to make some volume bars.
The first task is to ID all the identifiable constructs and combinations of these variables and to deduce the Hypothsis Set that comes from the relation of the two variables. In the language of Science and Mathematics, these are called Cases.
Your mind has to have these cases in long term memory. So discover them; prove they are the set; and arrange them in a continuum.
You have finite sets, and the elements are complete and the elements have an order of events and they form a simple container which cycles and which in terms of fractals are interlocking in a specific unchanging ratio.
This is knowledge and the amount of knowledge for a system is very small and very complete.
Before the PC and when the world began to use electricity, Market information was transmitted over wires and a series of events was made public to all that were equipped. When I canoed from Whitehorse to Dawson, I got to see the wires along the rivers and the battery operated relay stations along the way. I collected broken battery parts and tin cans as souveniers.
From the ticker tapes of the past, the HS and PM came about. Nothing has changed.
The HS and the Cases interrelate and complete the picture of building the mind. I call it "Putting the Pieces Together". This is how "tape reading" turns out to work.
All you do is use binary switches in the form of vectors to make money. There is no probability when it comes the the setting of a switch.
Two Cases of the market make money and all ther cases are squished to have the two cases that make m0oney. You have all the pieces and as they form you squish them into the "long" or the "short" case.
When a squishable case straddles a "right" boundary you decelerate the money velocity of the RTL by geometrically fanning the RTL. When the price exceds the LTL, you accelerate the boundary by redrawing the new steeper container.
So now you have your training encompassed and you use a display to show three interlocking levels of the market containers.
The schema for fully differentiating the mind, to read the market, is to drill on annotating a display which shows the cases as boxes. Fighting the battle to have displays show the cases is long over and was hard fought simply because perveyors were so simple minded. It was as difficult as have a two colored ribbon on a ticker tape. You can remember that that didn't happen except on typewriters.
What is it that slows this process of ganing inference in the mind?
1. Working in an ineffective way that lacks purpose.
2. Being prevented from doing anything because prior beliefs prevent it.
3. Fear that comes from the mind/body self protection system. See Lizard Syndrome.
4. A paralysis that comes from oxygen deprivation and CO 2 surpluses (Bohr Syndrome).
5. Having an orientation to making money following the CW.
6. Using the CW tools to examine the market.
What are the simplest small things that can help overcome the above?
1. Find out that two bars with HH's and HL's causes a long trend by price change.
2. Find out that two bars with LL's and LH's causes a short trend by price change.
3. Notice that volume peaks coincide with price extremes and that occasionally volume shows as leading price. (LTL's)
4.
Notice that volume troughs coincide with price retrace endings and that occasionally volume shows as leading price. (LTL's)
So with this approach underway and succeeeding, when does the mind create the ends of trends?
Also examine why Covel and those he writes about could not get any of this?
Look at the problems people who use PA only encounter. See if you can reason out how to help them and them how to let them accept being trained.
Lastly, look at how others judge trader peformance and find out how they got to use the term "unbelievable" in their vocabulary.
Annotate and use MADA instead of OODA and betting.