Quote from Socrates:
Nice try, Jack. But I am up to your years-old trick of referrring to non-existing posts. C'mon Jack. You NEVER NOWHERE NO TIME ever said "pool extraction" is limited. If it's so easy to find, quote it. And you didn't even mention the question of the limited capacity of market orders to capture extremes.
12-18-08 10:26 AM
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Quote from ScottD:
Apologies for my absence. I was in a car accident and got a little banged up. The pain is distracting and will slow me me down for a couple more days. No worries at all though, I will be perfectly fine. More than I can say for my vehicle.
Anyway, I've read Jack's posts, which are terrific, and look forward to codifying the logic.
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Scott we're in the same boat. It's funny and not funny at the same time.
i got to enjoy what I thought would be a little banter on a check up....BUT.... back to the dressing changing routine yet once again.
I'm sure you will enjoy the coding and then we can begin to cycle the code on and interabar basis. When this happens, we see the advantage of capitalizing in a timely manner on WHEN each bar volatility is reached.
By then we will see the advantaes of the "flapper" aspect of bars. Some people have stated their fears, BUT on the other hand when a parasympathetic orientation to the markets is available, their true advantage may be seen.
To "clock" along with an intrabar periodicity we just add a clock that puts out a "gating" signal periodically to pass the trading signals forward, intrabar, to the trade platform.
I don't want to cheat on the indicator system but it is possible to soup up the circuits by adding in parallel the intermediate "leading indicator" of YM by duplicating the exisiting logic for the YM and then adding the S/S volatility compression, expansion and smart money go/no go signals (as in how the absolute MACD signal look up table works).
You add into this the Wall logic of the ES DOM and by this time you can carve the turns to the nearest tick.
Finally you can add the two tick charts (YM leading the ES) and use the two pair logic found in that arena. throw in the indicator ystem for fun too.
As recommended to all others for all the years of mentoring and coaching, I recommend that the initial capital be taken out when the first doubling occurs.
Then I recommend that cpaital in the markets be based on adding contracts. As has been seen by Neoxx's hard work on the adding contracts drill the various levels of signals for coding higher skill levels of trading, create on the semi log graph more contracts than the capacity of the ES market.
At this point it is natural to add logic for the timing of partial fills. I feel that the harmonic component of formations comes into the picture here or you can use the advanced indicator work available.
To handle the market capacity issues, you "normalize" the added contracts chart to show the Chart in terms of the daily ATR by a family of ATR curves on the chart. For the given day's ATR level (you will have intraday catenaries for time of day as well), you operate at the contract capacity and use partial fills to handle the capital deployed. The normal possible range of total contracts is 500 to 10,000.
A simple odd harmonic example will suffice. The formations are "spikey" so you want to begin to nail at the capacity before during and after the spike. A spacing of "hit T"'s is called for 5, 7 or 9 would be common. If the T&S is showing 200's you use 200's; if 500's use 500's. At times of cascading the capacity drops markedly since stops are becoming market orders and accounts are being closed (almost all are small). The hear a narration of the 27FEB wipe out cascade google ofr it as well as the camtasia associated. They are separate files. Here you can hear how larger accounts are being closed and when it begins to happen.
General comment:
If you check out the derrogatory comment references you can follow the threads referenced to their conclusive aspects further down the line (paths) of achievement. They all end as did this effort: successfully. The effort made by Jim fisher in the Boston area that was indicator oriented for the scoring solution obtained (getting the binary Score forA/D) which finally dealt with a combo of volume MACD and Welles Wilder's RSI. In this coding here we are using a softer version, namely the STF5 50 cross over.
More or less final comment:
Personally I have had a lot of fun in my life enabling others who wished to "do the work". Once a person knows how the market works, he can just use anything he wants to be making money all the time. I got to go through the greatest era of all time in market type history. Roughly from no tooling to complete over kill tooling being available. Going down to the microcosm of market operation made possible by file after file of very frequent rows and doing the associated logic was a great scientific experience. Moreso, it was the greatest team kind of effort possible in science.
I have heard from people all over the world who did the work successfully and now provide for so many others in such diverse and locally important ways. Pool extraction of markets does put money to use is so many wonderful and useful ways.
In fifty some years of trading I never thought I would see the breakdown of integrity in the markets and people that happened. I always keep an active and acute view of the foreseeable future. When the end of JUN 06 arrived, it was so fortunate that finally change was imminant. The mess that was created just had to end. Since I work from a neutral bias orientation, I felt pressed to get the ball rolling on creating capital sources to conduct the repairs that would be required.
Others made it possible to reach a critcal mass of helpful people.
The global communications we have now assure that the "measles" is happening all over. I remember flying in twins to get from place to place through the night generations ago and seeing what became known as the "thousand points of light". The agricultural folks of the US have well contributed to the stemming of depressions and US financial difficulties time and time again. Today, families all over the world can have the capital they need to begin to make repairs. I am so glad that it can be extracted from the pools that no longer have the integrity required to drive them.
I'm not going to miss the "B" people here but I certainly am going to miss the "A" people. There are "A" people all over the world. If you work to learn to make money, please pass it forward to others and use your newfound time and money to help solve local porblems that are inportant to you.
My fondest comment of all is to those who were helped by Spyder and, most of all ,to Spyder. You have met one of the finest person's in the world. And, Spyder, you have made the greatest personal contribution that anyone could have made in these last few years. The world works person to person, critically, helping others with total integrity. Here in ET the world got to see Spyder, day after day, do the right thing selflessly because he, spyder, embodies the picture of what it is like to "be the man".
My consummate thanks, Spyder. Thank you so much.
As to my companions, I have some personal knowledge of sweet-tempered T666 and ultra-reasonable T28 via PMs, but as to the rest, I cannot take credit for their behavior. "The meaning of your communication is the response you get." The one common thread, though, is that THEY DEMONSTRABLY TRADE. You might consider enlisting their help getting the A-Team off the dime and trading.
And BTW, make no assumptions about how I chart. Thanks to asking hard questions about SCT, and some random discoveries, all my shit is totally original.
