The ACD Method
- Thread starter sbrowne126
- Start date
I can catch this move by going back in time using the Think Back on Demand function on TOS.
So, I set up the charts and spreadsheets to exclude the first bar of the London open. I must say my initial reaction was it looked strange; excluding this huge bar that announced the open.
The DAX is by no means the only instrument that has this phenomenon, it happens with anything that reacts to overnight news, it's just that with the DAX that first bar always looked strange to me.
Today's first bar, excluded in the test, was a huge spike up; guess they were happy with the results of the Austrian election and Italian referendum. After that, it was all over bar the shouting, because there was no follow through last I looked.
In any quant approach, we want to eliminate the noise from the signal.
I suppose what I'm looking at is whether that first bar is noise, or should it factor into the signal. We'll see.
The DAX is by no means the only instrument that has this phenomenon, it happens with anything that reacts to overnight news, it's just that with the DAX that first bar always looked strange to me.
Today's first bar, excluded in the test, was a huge spike up; guess they were happy with the results of the Austrian election and Italian referendum. After that, it was all over bar the shouting, because there was no follow through last I looked.
In any quant approach, we want to eliminate the noise from the signal.
I suppose what I'm looking at is whether that first bar is noise, or should it factor into the signal. We'll see.
What a run this has been in natty...
I'm so proud of her....she all grows up.
Remember that crazy theory I had way back about how this would end. The market would have a sharp ugly dip through the swing lows then would rip in a straight line to new highs with no downticks and then....
Looks like that is happening.
It is getting interesting here. The one thing missing from this 8 year bull market has been a catalyst to suck everyone in under the "this time it's different" euphoria pretense that always emerges right before a major top....enter the first businessman president in decades of the most business orientated country on earth, and in my opinion, suddenly we have that catalyst.
Markets don't top around Christmas. If this blows off, it will be in the March to April zone.