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zdo

Market Wizard
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Everything posted by zdo

  1. Not under most conditions... Futures gets its ‘high risk’ reputation because losing traders tend to blow up faster in futures than in stocks from the ease with which one can over-leverage in futures. If you really want to research it there are studies out there on the correlation between stock and future(s) volatility. btw, these days you can go half way by using leveraged etf instruments
  2. if (Time[1] <= yourRTH and Time > yourRTH) then MyVol = 0; etc
  3. Frank, I spaced out and used the wrong word audiology should be Audacity re "do you want... " personally, I would want a voice (stress) analyser running on live pit noise... not that anyone is down there anymore
  4. manipulate Maxcnt (Like set it to (ShowLevel * 2) + 1 or use an different, equivalent input if ShowLevel has other consequences you don't want) Then when for cnt= 1 to Maxcnt begin runs, it will only show as many as you want...
  5. Did you try MyVol = MyVol + (Upticks-DownTicks); ???
  6. Have you thought about running some Trading Places and other trading movies' audio into Audiology and then creating your own 'life like' .wav.s or mp3's to play when conditions are met?
  7. carguy To answer your question: Yes 10 to 20% is possible over the long haul. Questions and comments on your question: (btw my responses run contrary to what most pundits would say) Why do you ask? If it’s for the ‘if others can do then I can do it’ factor– that is important, but only for a few ‘times’ – then it actually becomes a limiter. If it’s to help you decide whether or not the possible ‘gain’ is worth the possible ‘pain’- you will never know that in advance no matter how stoked on trading you may be. If it’s about settling into a consistent pattern of ror, you would be much better served establishing consistency in the trading instead of establishing a smooth equity curve. re: “sane level of risk; 1 to 2% of your account” the sane level of risk is extremely bound to the specific system you are trading… for some systems risk of only 1 -2 % is ‘insanely’ low … talk about a waste of time… will stop the list with this for now ----------- per person, some lessons are only learned the hard way - but any kind of mentation that (ultimately) limits what you can do ‘over the long haul’ needs to be seen for what it is and dropped because if held onto, it may literally prevent the 1000+ % year(s) that you may need to survive and thrive… and that is from ‘experience’.
  8. "The Law of Outcome: whatever you do produces an outcome, regardless of how you value that outcome. The Law of Adaptation: whatever you do over a period of time creates a change in you to find homeostasis, regardless of how you value that adaptation. The Law of Progress: whatever you do with continually increasing volume, intensity, density, or complexity, becomes more easily repeatable, regardless of how you value the progress. " Scott Sonnon
  9. Complexity and consistency of reaction self-questionaire: Does my method and / or ‘risk tolerance’ and / or confidence and / or affect (and / or my awareness of these) shift slightly (or radically) as I progress through a string of wins (or losses) ?
  10. Trade Chart Patterns Like a Pro Maybe Suri will have time to step up and toot his own horn...
  11. also... send your thanks to Desi62 on TS forum for this old reminder… Trader's Psychology: Focusing On You and the Markets
  12. Blowfish, re Filling out the 'formula' a little bit... time to become profitable ~= complexity of approach + complexity of reactions - consistency of approach - consistency of reactions
  13. this could be seen as just mincing words, but seeing your trading as a business may be a little bit off… to see it with an attitude that it is like a business instead of as a business may be more adaptive. along the same lines, many of the ‘unpredictables of the auctions’ are better understood as random-like instead of random. another is the difference between being concerned about winning and being concerned about making the effort to win. these are soft subtle, but important, differences conditioning ‘how long does it take…’ re "what is the quickest and cheapest way to become a profitable trader? " highly individualized progressive deliberative practice with real money
  14. zdo

    Volume Splitter

    Tasuki, re I haven't even loaded it so I can't speak in particulars about this indicator, but with my own "tick money flow" work the 'when' is much more important than the 'how' to use them and I suspect that is the case with the permutations of the volume splitter... cunparis, re Has no one built an ADE/ELC version?
  15. Tams, From what I know of the situation TRO switched because of TS refusal to allow him his "Donations Accepted" distribution channel and not because of TS platform or EL. Now that he has moved, he is probably glad - for 'language' reasons. It should be noted that he is also not your typical coder - far from it - he is a prolific outlier... re: "do you think the MT4 folks are doing much coding?" Actually very few on the planet are doing that much coding in any language... especially on the automation front. Also, in their present stages of 'evolution', MT4, etc. now have a much more open, 'pirate', sharing, communty than does TS...
  16. zdo

    YM Scalper

    ZOSO very generally… basically nimble size is forced to the ES These days in the YM, complete fills and fills all at one price start going away at 12 cars and quickly becomes really evident 15 and > and by 30 it’s a mess. 5 cars still go off ok … statistically speaking (of course ) … and that’s “these days” in these conditions … needs to be checked weekly …also time of day is important …not to mention, broker is important factor hth
  17. Yes, bcse "FX is getting so popular" plus bcse there are FAR FAR more C-like coders on the planet than there are Pascal-like coders
  18. raja, They can both be true - because market truisms are system specific (and this applies across 'discretionary', 'mechanical', and 'automated' systems btw) Some systems you got to stay in or be ultimately doomed Some systems you got to get out quickly or be ultimately doomed. Some systems you got to do both - making each of the opposing truisms true to its proportionate degree for the particular system. The spouters of truisms usually just spew them out without qualifying the type of system it applies to - omitting or not realizing that their truism is not general but instead is very system specific. Most traders who never followed automation to near its limits never realize how far their exit strategies are off from optimal... ie how they are based on truisms and / or on neurological comfort zones, etc... zdo
  19. Tams, Good question The topic question is basically “how much latitude is in the collective’s definition of PA?” and the answer is “as much as you can tolerate or get away with in your current PA conversation”. You’ll be in PA conversations where the illustrations are filled with indicators. You’ll be in conversations where the other disavows anything but a certain type of PA but a little bit later you start perceiving he’s running uncharted fuzzy wet ware indicators outside his own awareness… No one gets away from patterns On one extreme, they may be patterns restricted to just a chart - a line chart, a bar chart, a candle chart, a renko chart, a profile chart… In the other extreme, they may be indicators only. Most traders use some combination. Also, the trader may be using a lot of past action in the scans for pattern or virtually none. Examples: an Elliott waver needs ~100 bars to differentiate pattern, some tape readers need sub 12 seconds of data All traders are using their own (hopefully unique) admixture of all of the above… other related, possibly important, questions … what patterns am I most attracted to? what patterns am I naturally good at seeing? what is the best (visual in most cases) representation of market auctions to facilitate me to stay in flow. what patterns would I like to get better at seeing? what blocks me from seeing certain patterns real time that I would like to trade?
  20. Here is some more of the same indicator/system from just a few minutes ago… over the weekend, will have to look at this on ndxs and also what this indicator is missing that Brooks microTL’s are picking up and vv what the microTL’s are missing that this is picking up… Wonder how strict he is on having the microTL's bar tops (or bottoms) line up in a straight line ?? Thanks.
  21. Got the book and finally browsed through it. He has a very idiosyncratic lexicon, but it’s obvious he has put in his 10,000 hours… His micro trendline work reminded me of some scalping system development work I did a while back that is functionally similar but isn’t based on ‘other side’ micro TL’s (see attached – shorts only showing on a 1 minute EJ from early this morning) … Was just wondering if anyone has coded up any of his techniques ??
  22. JimmyJohn, I have only skimmed the google book (that has many chapters missing) and have not read the whole book so others would be much more qualified to answer your question – particularily marking up a chart. Very generally though - Your chart is ‘triangular’ and my (mostly intuitive) impression is that Al does not have a lot of trines in his ‘nature’ or methods. Is it just coincidence that is the type of chart you posted? zdo
  23. TS has a sim. I have never used it, but it's been in the builds for a couple of years now so they probably have most kinks worked out of it by now. The TS dom / matrix is good. Easy to change, cancel, etc orders... I have a few personal items on the wish list for the TS dom / matrix. The most important is to be able to change order types without going to a listbox drop down. I would prefer the order type list showing OR being able to 'select' order types via columns and left or right click - but that is just a preference...
  24. Rigel, it was a funny :helloooo: not sarcasm You'll notice I also gave the post a Thanks (and I don't drop those around willy nilly) :evil tongue: So you must really think he's trying to help ?? :pc guru: :ciao:
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