Questions to Jack Hershey

Quote from Albert Cibiades:

I only automate the trade entries and exits. Automating the actual trades would take all the fun out of it. KInd of like screwing. It's OK if fate decides the opportunity, but you want to do the actual work yourself.
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That was a good post:)

Consider it stolen:D
 
Quote from TIKITRADER:

PRP -

Ok, I have a real good guess what it is Jack but how on earth do you know where to go with it ???
what direction ???
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Ok jack... I'm hanging at 60 and 240 is ahead, but I have it now,
because I chose to do something about it and brought it to the present , theres no need to procrastinate.

Any advice as I hit 60 because theres a lot of feedback there that even continues as it passes to 3x60,4x60 , because I know the road ahead even though its not visible... I know this road and want that curve ahead that is not in sight displayed
on the navigation ... which can be programmed to display what has yet to be driven.
The navigation needs to show the interactive maps . The map has a big x on it .
I'm taking gps at 1x60 . any advice ???
Were taking serious gps jack , the real deal
I'm asking santa for a kick ass navigator this year .
 
Quote from jack hershey:
Quote from Paddler:
Could you please clarify the above phrase in red? Do you mean the accumulated volume from pt.3 to new pt.1? If so, do you compare it to the accumulated volume from BO to pt.2?
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your suggestion of "acumulated is well taken, howerer (chuckle), please just compare bars as a velocity study (increasing velocity) from pt 3 to point 1 (trough to peak in a container).
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Thanks. I over-read what you meant in the statement, LOL.
 
Quote from jack hershey:
degapping is required.

Also use the third leading indicator Stoch (5, 2, 3) and the signal is @ 50%.

Indicators of two line charts are determined by the relationship of the two lines.

In MACD you will notice two opposite words. A set of six relations results. The six relations follow an order of events.

I posted an attachment for the benefit of a thread that had not learned about indicators and are following a set of CW myths instead. As usual, this interesting thread was closed. LOL...
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I corrected the mistakes and made some changes. I used 25/75 for Stoc(14,1,3) for entry and Stoc(5,2,3) for exit. The result is improved. Here are the updated rocket criteria:

1. Long when macd(5,13,6) histogram >= 0.4 and stoc(14,1,3) K > 75 and stoc(14,1,3) D > 75 (K or D is crossing 75) and Vol>=Fast Pace
2. Short when macd(5,13,6) histogram <= -0.4 and stoc(14,1,3) K <25 and stoc(14,1,3) D < 25 (K or D is crossing 25) and Vol>=Fast Pace
3. Close long when stoc(5,2,3) K < 75
4. Close short when stoc(5,2,3) K > 25

I used stoc(5,2,3) K crossing 50 as an entry signal, but more losing trades resulted. I am still studying how to apply stoc(5,2,3).
Quote from jack hershey:
MACD and stochastics are mathematical names. The key words are divergence, convergence and stochastics. They all apply to the relationship of the two lines.
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How many cases are considered for the two line relationship?
....
So three points in time suffice to show the two lines on each indicator. For each indicator only six alternative triad cases have to be considered when the first element is limited to D or C. always the middle of the triad is NOT D or C.
....
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There are 4 cases for the two line relationship (Please see the attachment):
1. Convergence (C)
2. Divergence (D)
3. Crossover (X)
4. Parallel (which rarely happens)

attachment.php


The 6 triad cases (The 1st element is either C or D and the middle element is X) are:
CXX, CXD, CXC, DXX, DXD, DXC

I am still figuring out how these triad cases relates to the order of events. Do these 6 relations refer to B2B2R2B and R2R2B2R?

The full version of the blue post is here:
http://www.elitetrader.com/vb/showt...ight=long+canoe+that+is+longer+th#post2923398
 

Attachments

I always found CXD in MACD (the green rectangles in the attachment) and it is a lagging signal. I seldom see CXX, CXC, DXX, DXD and DXC in MACD.

attachment.php


I focus on these 5 triads (CXX, CXC, DXX, DXD and DXC). Am I on the right track?
 

Attachments

Quote from BenzMercedesSL:

I corrected the mistakes and made some changes. I used 25/75 for Stoc(14,1,3) for entry and Stoc(5,2,3) for exit. The result is improved. Here are the updated rocket criteria:

1. Long when macd(5,13,6) histogram >= 0.4 and stoc(14,1,3) K > 75 and stoc(14,1,3) D > 75 (K or D is crossing 75) and Vol>=Fast Pace
2. Short when macd(5,13,6) histogram <= -0.4 and stoc(14,1,3) K <25 and stoc(14,1,3) D < 25 (K or D is crossing 25) and Vol>=Fast Pace
3. Close long when stoc(5,2,3) K < 75
4. Close short when stoc(5,2,3) K > 25

I used stoc(5,2,3) K crossing 50 as an entry signal, but more losing trades resulted. I am still studying how to apply stoc(5,2,3).

There are 4 cases for the two line relationship (Please see the attachment):
1. Convergence (C)
2. Divergence (D)
3. Crossover (X)
4. Parallel (which rarely happens)

attachment.php


The 6 triad cases (The 1st element is either C or D and the middle element is X) are:
CXX, CXD, CXC, DXX, DXD, DXC

I am still figuring out how these triad cases relates to the order of events. Do these 6 relations refer to B2B2R2B and R2R2B2R?

The full version of the blue post is here:
http://www.elitetrader.com/vb/showt...ight=long+canoe+that+is+longer+th#post2923398
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Hmm. A rocket. Let's see. How would a rocket scientist characterize a rocket? Measure position as a function of time? Derive velocity and acceleration as functions of time? Maybe characterize propellant consumption from telemetry? Process all the data he has with modern DSP filters? Nah! He'd use some fucking seventy year old voodoo formula from the slide rule era!
 
Quote from Albert Cibiades:

Hmm. A rocket. Let's see. How would a rocket scientist characterize a rocket? Measure position as a function of time? Derive velocity and acceleration as functions of time? Maybe characterize propellant consumption from telemetry? Process all the data he has with modern DSP filters? Nah! He'd use some fucking seventy year old voodoo formula from the slide rule era!
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The rocket is a moniker for beginning Hershey traders who cannot see the market yet. The indicators are there as training wheels.

To make this right down to earth in a language that you can easily understand, a rocket is when you enter a position as price is within 75% of it's 14 bar high and on heavy volume relative to the bar by bar volume of the prior month.

How hard is that?:)
 
Quote from RCG Trader:

The rocket is a moniker for beginning Hershey traders who cannot see the market yet. The indicators are there as training wheels.

To make this right down to earth in a language that you can easily understand, a rocket is when you enter a position as price is within 75% of it's 14 bar high and on heavy volume relative to the bar by bar volume of the prior month.

How hard is that?:)
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Even better! Don't need a slide rule for that! An abacus will do.
 
Quote from Albert Cibiades:

Even better! Don't need a slide rule for that! An abacus will do.
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They have been trading rice in japan for several hundred years young man, a piece of paper and a pencil is really and truly all you need.
 
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