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zdo
Market Wizard-
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Everything posted by zdo
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Line Changes: New down sloping Green Stay Line activated Position Changes: Short short 25% net allocated at ~10890 Order Changes: Stop Losses in at ~ 11,070 Jun
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Line Changes: None Position Changes: None. Flat Order Changes: None. Sell stops stay at ~ 10,890 Jun to go short 25% net allocated Comments: Nice first kiss of the red line ups the probs that it will be broken No indication of the extent of the break is given… Comments: Off topic - It may be premature… but for the first time in literally years, I am including rates and spreads in the trading info I look at… Note: Not saying rates will actually be more or less of a factor than before …not that the ‘carry’ is going away … or Treasuries will be another dumb bubble .. or… just thinking rates may start taking turns more often in the crowds’ cycle of ‘dominant concerns’
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Thanks all for giving this some thought. “Why do you want something beyond a =v - v(-1) / delta t?” Good question. My most recent Acceleration questions are sorta like 'is that all there is'? I personally can only safely transfer a limited set of physical measure formula over to market dynamics. For example: across time I gave the market’s ‘mass’ analogue its due and operationally see UB’s “effect” part but can find no direct “impact” at all – so I suspended looking for how “leverage” or “volume” or whatever is an equivalent, approximation, metaphor, or whatever… As others have alluded – the ‘time and space’ of the market movements is not precisely the same ‘time and space’ of physical object movements. Back to acceleration - many objects (and even processes) where acceleration calcs are needed do not step up, step back down, step up, stay the same, step up etc etc like price does in ‘auctions’. A car, boat, projectile, bird, even a ‘hovering’ insect – whatever, directly goes forward to a different place in space. I have developed some fairly useful (to me) indications related to ”v - v(-1) / delta t” . But when it came time to take it to the next level something whoa’d up and asked “am I even asking the right questions?”. One part of this is asking ppl who are smarter than me in these areas. Blowfish, I pretty sure you’re not really “missing something” . Practically, the question is about the ‘differences’ between ‘acceleration’ when price is actually going to a different level and when it is just ‘accelerating’ quite nicely but in a 0,1,2, etc tick range. Sorta like Tams ideas, sensitive measures of the acceleration of displacement ?? etc… Any thoughts and contributions appreciated.
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Tactics Trading –new Term and New Approach to a Trading
zdo replied to oleg's topic in Automated Trading
As others are pointing out, neither of these ( ‘strategic’ or ‘tactical’ ) are exactly great terms in the trading world. This whole thing might be better seen as which direction the ‘learning cycle’ is going in for each. Along those lines, one way to look at it - a strategic emphasis is one where the methods are imposed on the circumstances and Action is generally applied with comparatively reduced immediate consideration of conditions. For survivability, ideally the singular, less variable actions in a ‘strategy’s’ design accommodates and remains applicable and relevant in as many different conditions / types as possible. a tactical emphasis is one that is applied with comparatively much higher consideration of immediate conditions and to whatever degree conditions are typed or categorized, that is accomplished first before selecting the appropriate Reaction. For survivability, ideally a sufficient number of executable ‘tactics’ are available for all the possible different conditions / types. ( Good lord - Who wrote this sht? ) -
Thanks Tams. Going to explain at all? Basically the question is, anyone got something beyond a = (v - v(0) ) / t ? Closely related questions - alternatives to scalar and vector velocity, etc for 'bar' charts?
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Without the inclusion of mass (M) in the formula ( because best I can tell the instruments traded have no mass ) - what are the best measures of instantaneous acceleration of price (or derived trading information) ? ( and I swear, Tams, if you ask for a picture, I will blow you up with a smilie ) Thanks.
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Does Anyone Truly Make a Living Solely Trading the E-minis???
zdo replied to ktartarotti's topic in E-mini Futures
Cory2679, Good points. All these analogies end up falling short though... (and what the heck while we're at it, let's kill all our trading metaphors too ) My main interest was not to make you (or anyone else) wrong about Sim. It was to let noobies know that it is a two edged sword and that '2nd edge' makes contact a lot quicker than most would initially imagine... -
Does Anyone Truly Make a Living Solely Trading the E-minis???
zdo replied to ktartarotti's topic in E-mini Futures
Nope. A closer equivalent of Sim here would be a rope stretched out straight but still in contact with the ground. The middle photo is the like trading with very tiny stops. Probs of falls / failure (for presumably the beginning walker / trader) is higher, so ‘costs’ of each fall / failure is lowered… unfortunately in trading this will pull a trader off trading the system correctly and ‘groove train’ the wrong things. What you repeat… Generally – all this training wheel, etc stuff is not healthy or appropriate analogy ;( long term btw – I’m not anti-Sim! But I have concluded that Sim’s benefits are much more limited, they drop off much more precipitously, and more quickly become a trap and a detriment to LONG term success than the current industry paradigm would have noobies buy into… That’s like saying it you don’t have the motor skills to walk the rope lying on the ground you’ll never walk one suspended… duh …really not saying much.... This needs to be said same time - Sim can diminish crucial skills while it is supposedly building good skills and Sim can surreptitiously bind fear as much as ameliorate it ie it is not the cure all the industry sycophants would have us blve. Yes, and it’s perfectly reasonable, may even be ultimately a strange but strong beginning, to practice walking a rope stretched out on the ground before real tight rope walking… but benefits are much more limited and drop off much more precipitously and quickly becomes a trap and a detriment to LONG term success… yada yada Noobies – almost ‘everyone’ in the crowd is yelling Sim Sim at you … one or two old saws are quietly telling you to beaware… ...and to stay on topic - to the OP question. Yes, I do truly make a great living trading the e-minis intraday. I trade other instruments too (bonds, fx, ags, etc) but 70% minimum of my size is in the ES.. and yes, I do have my 10,000 hours in... -
Line Changes: Extended red entry line at slightly lower angle New tentative Stay Line, same 0 angle Position Changes: None. Flat Order Changes: Moved Sell stops to ~ 10,890 Jun to go short 25% net allocated Comments: Glad I’m long Silver Glad I’m not short Dow…
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The Median (or MedianArray) function won't work for you?
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Does Anyone Truly Make a Living Solely Trading the E-minis???
zdo replied to ktartarotti's topic in E-mini Futures
The middle photo is not sim... -
:hmmmm:FXGirl, thx. but let's credit Minoo with that link. I sorta get what you're saying about intellect, etc. but most are not going to habitually “view their shenanigans with love and affection”. For most, he nails it with - “Ironically as soon as a thought enters such as 'wow this is incredible' or 'my God we're doing fantastic' or 'this feels good', the flow disappears. Then unfortunately, the more we try to recapture it the more illusive it becomes.” and “'anything we really know, we know not through thought but through direct experience'.” Basically, via ‘normal’ intellect, mind rarely even attempts to stop supplanting 'Big Mind'… more and more lately I been mumbling ridiculous things like "the brains are our greatest obstacles to real thought" :hmmmm: To me, he's saying our habitual, enculturated, conditioned, repeating, death and suffering avoiding semantic streams need to go quiet (without 'trying to' ) - as one of the requisites to flow. (..and btw, this ‘mindfulness’ / thought watching he speaks of comes easier to some than others). ... re "one of the requisites " It's been coming clear to me that flow is not a 'single variable' deal. Flow requires proper simultaneous involvement on multiple levels… For example, his paper seems to emphasize the 'surrender' / non doing / stillness aspects. Equally important are the 'tension' / doing / action aspects... and alternating them in sync with the whole... etc etc
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Line Changes: Added new tentative Stay Line, same 0 angle Position Changes: None. Flat Order Changes: (Errata: from 3/29 “Moved Sell stops to ~ 10,742 Jun to go short 25% net allocated” should have been “Moved Sell stops to ~ 10,680 Jun to go short 25% net allocated” I grabbed numbers from cash chart instead of futures :doh:) Moved Sell stops to ~ 10,729 Jun to go short 25% net allocated
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ES is Data 1 in subgraph 1 TF is Data 2 in subgraph 2 Indicator is Spread - Diff in subgraph 3 etc, etc. hth
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Here’s part of why I brought up the term ‘subpersonalities’ From Embracing Our Selves 1989 Hal and Sidra Stone
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More ... From The Path of Least Resistance (revised, second edition 1989) Robert Fritz
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Flow One is either in Flow or in bound-flow While there are gradients to Bound flow The transition between flow and bound-flow is a discrete quanta…
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Line Changes: Activated new Red line, same angle, whole line raised ~ 30 points Original lower angled dark red trend line deleted. Also lowered whole new trend line ~ 50 points (“Trend Lines are meant to hold. Stay Lines are meant to be broken” Stay Lines blog circa 12/09). Position Changes: None. Flat Order Changes: Moved Sell stops to ~ 10,742 Jun to go short 25% net allocated
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Note: Made a small session time frame adjustment / correction to chart setup which required recalibrating some of the lines. This produced no changes to orders / action points Line Changes: Extended tentative new red Line same angle. Will activate it (and may raise it by ~ 40 points if aggressive) Monday Switched to new alternative dark red trend line. Will most likely drop lower one soon. Position Changes: None. Flat Order Changes: Sell stops moved to ~ 10,614 Jun to go short 25% net allocated
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All (well not really ALL but mainly all) those points do is help reset / restore ‘peptide’ balance … and they do a good job of it. (btw Some have to locate alternative accu points to get good results.) …and that resetting alone is an incredibility important aspect for many - at certain points along the way. I personally credit persisting in EFT in helping me through some pretty tough times and then, much more importantly, in being a major part of laying the groundwork and preparing me for some really wonderful energetic ‘awakenings’ via other modalities. The keyword of this whole post is ‘persisting’ – not just going for ‘feel better now’ Don’t settle! Steve Wells wrote on this at Using EFT to Create Positive Change: Moving Beyond the Remedial Level If I remember correctly, he also wrote article(s) about working with a trader…hth All the best, zdo
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Some comments about Legging in and out of spreads. I am an intraday ‘high frequency’ trader (HF for me, not for a server farm, btw). Always was, always will be. Yet it was an almost completely opposite type of trading, seasonal positions and spreads , that way back when allowed me to survive the learning curve to intraday proficiency and stability. When I first started trading spreads many years ago, I learned the ‘easy’ way to leg in and out of spreads. I messed up / f - arbed up many a trade but I learned to cease and desist the tricking myself with those tricks. It took me a while to finally learn the hard way not to do it. But at the same time I quit doing those tricks, I promised myself I would get good enough to come back and leg in and out of spreads profitably… With work and experience, I learned the hard way how to do it appropriately. I laugh now about how naïve I was. If you are a beginning trader and if part of your brains want to leg / spread / arb / whatever in and out of spreads, you can learn from the experiences of others to ‘Don’t do it yet’ or you can learn the hard way to ‘Don’t do it yet’ … either way you will learn… all the best. zdo
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Line Changes: Extended new Active Red Line same angle Tentative green stay line updated Alternative dark red trend line added. Will resolve soon. Position Changes: None. Flat ( and long Silver btw. This will go unmentioned most of the time…) Order Changes: Sell stops at ~ 10,590 Jun to go short 25% net allocated Comments: ... the scent of a possible trend change... Also... And throughout this and any subsequent posts Disclosure! This is not trading advice. Only idiots would consider or construe it to be trading advice
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Try this image Will keep working on image quality. Suggestions?
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The $!(V@# / DOW Spread This is a MANY / MULTIPLE years trade campaign of Long Silver – Short Dow. Have worked this position 7 of the last 10 years Refer to http://www.traderslaboratory.com/forums/blogs/zdo/'>http://www.traderslaboratory.com/forums/blogs/zdo/ This spread is what has really been going on in that blog. Since the Dow side has had and most likely will have general strength nominally (due to the very money system itself and the symptoms of “quantitative easing”, etc.) I don’t just let the position ride when the Dow is running up. ie I am not extremely patient with this trade – even though for various reasons (vacations, other priorities, etc) I will sometimes just let it ride without any legging. I work it – mainly because that’s just the way I am and also because, for me personally, I’ve learned that most leveraged positions require watching and working them to allay risk anyway. Hence the legging in and out of the Dow short ( and even the occasional long!). Basically, ten 40 point losses is preferable to one 1000 drain and that’s sorta close to the results since around Oct 09 when I started the blog. The exploration and development of Stay Lines was implemented to give me a very quick, fairly consistent way to leg in and out of the Dow side of this trade. The long silver side of the position is much more fixed or ‘slow’ - illustrated by the use of a weekly chart for it compared to a half day chart of the Dow and I only leg out of the long on seriously confirmed downtrends . Note: this trade is in leveraged paper using futures contracts (and leveraged ‘fx’ for fine tuning the sizing of the silver side at times) The campaign is run distinct from long term ‘trades’ in physical metals and campaigns, in distinct accounts / allocation of capital, and in distinct methods and systems. It is also completely unhooked from my intraday trading sessions and other shorter term systems. Generally, I like to spend just a few minutes a day with it during mid session congestion Charts Blog used half day futures chart (running 12 to 12 to 12…ET) Thread will use half day cash index chart (running 1st and 2nd half of day session…ET) Am running analysis on actual Dow index ($INDU) instead of futures charts, and also being less specific about entry points on the futures because this whole Stay Line deal is one off experimental, unproven, and so antithetical to my usual trading style and methods that I think it’s prudent to even further reduce any appearances that it is ‘trading advice’ Stay LInes are current on the new chart. If you need to catch up, see http://www.traderslaboratory.com/forums/blogs/zdo/ The Stay Lines are a quick and easy, time efficient process. I don’t even look at background to see if my numbers could be tweaked with SR etc. If price action is below an active red line, I’m short. If price action is above an active green line, I’m back flat / out. Enough background . Start afresh – hootless! If I can (well sort of) frame this as Day 1 (of this whole 10 year campaign so far )…then certainly you can – since it really is Day 1 for you :missy: . Point is – the position has not really made its real long term anticipated move and it may be years before it does… Happy spring to all.
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Why are we so smart? Why are we so dumb? Lloyd Pye - Everything you Know is Wrong