Tradewinds

This is a very simple oscillating indicator to compare price high to price low behavior. Interestingly, the price often peaks with the Price Low line goes higher than the Price High line. So you can take peak signals off what the Price Low is doing. var: PrcLwChg(0), PrcHiChg(0), FinalPriceHiChg(0), FinalPriceLwChg(0), PrcLwChgDwn(False), PrcHiChgUp(False); PrcHiChg = H-H[1]; PrcLwChg = L-L[1]; If PrcHiChg <> 0 then FinalPriceHiChg=PrcHiChg/0.77 Else if PrcHiChg=0 and C-O<>0 then FinalPriceHiChg=(C-O)/0.77 else FinalPriceHiChg=FinalPriceHiChg[1]; If PrcLwChg <> 0 then FinalPriceLwChg=PrcLwChg/0.77 else if PrcLwChg=0 and C-O<>0 then FinalPriceLwChg=(C-O)/0.77 else FinalPriceLwChg=FinalPriceLwChg[1]; PrcHiChgUp = FinalPriceHiChg>FinalPriceHiChg[1]; PrcLwChgDwn = FinalPriceLwChg<FinalPriceLwChg[1]; plot1(FinalPriceLwChg,"Hi Chg"); plot2(FinalPriceLwChg,"Hi Chg2"); plot3(FinalPriceHiChg,"Low Chg"); plot4(FinalPriceHiChg,"Low Chg2"); plot5(0,"ZeroLine");

There is nothing left to know. Everything has been explained multiple times on multiple threads. It's all over with. :rofl:

What are your profits after fees in SIM trading? How many trades do you make? What are you trading?

Please give an example and an explanation.

Let China's currency denominate gold. Actually, this brings up another interesting subject. Do we need a neutral world currency? The "Euro" of the entire world. If a particular currency being associated with gold causes that nation so many problems, the argument could be made that we need an international valuation system.

What would happen if gold were denominated in some other currency?

Options for the tracert command will be displayed by the following command: tracert -? [-d] Do not resolve addresses to hostnames. Makes the search display results faster. [-h maximum_hops] Maximum number of hops to search for target. [-j host-list] Loose source route along host-list (IPv4-only). [-w timeout] Wait the specified number of milliseconds for each reply, timeout. [-R] Trace round-trip path (IPv6-only). [-S srcaddr] Source address to use (IPv6-only). [-4] Force using IPv4. [-6] Force using IPv6.

Trace Route, traceroute, trace a route to a website / ISP In the article, it gives an example of using the "tracert" command to trace an internet connection route from your computer to a particular website. The "tracert" command can be issued from the MS-DOS command prompt. To get to the MS-DOS command prompt, find the "Accessories" folder under "All Programs" in the Start list. Click the windows "Pearl", formerly called the "Start Button". (You know, the Start button, the one you use to Stop your computer.) :rofl: The syntax is: C>tracert traderslaboratory.com If you get to the command prompt, and it looks something like this: C\Users\YourComputerName> You can get to the c: root directory by typing "cd \" It would look like this: C\Users\YourComputerName>cd \ After hitting "Enter", the command prompt should change to this: C\>

Do you actually have any other better Internet Service Providers as an option? At one point, I couldn't even get high speed internet where I live. This brings up another interesting question. At this point, I wouldn't even consider moving to a place that didn't have a great internet connection because of trading. I'm wondering if anyone has actually moved just to get a better internet connection for trading?

Your a genius! That is the best I've ever seen! Nobody has anything better than that. What's your secret?

Looking at historical price bars and trend lines on a chart tell very little about the real behavior of price. All kinds of things happen intra-bar that are not readily apparent on a static, historical chart. For example, if the price bar had a lower low; did the price bar have a lower low at the open, and then shoot up and close higher? Did the price bar open high and close with a lower low? Did the lower low occur first or last? Was there a lower low with a close down or a close up? The answer to all those questions provide a more complete picture of what the price behavior really is. Higher lows and lower highs can be particularly tricky. For example, let's say that you see a higher low on this current price bar or an indicator at the open of the bar, and take that as a signal that price is moving up, only to experience the bottom drop out during the last few seconds of the bar formation. You must understand at least two fundamental truths about highs and low's. Highs can't go any lower, and lows can't go any higher; but highs can go higher and lows can go lower. Think about it. Once a new price high has been made, that price high for the bar can't go lower. So if your strategy depends on a higher high being made, then once it's made, it's reliable information. The same with lower lows. Higher lows are important information, but higher lows can not be certain until the open of the next bar. By then you may be to late. Plus you can't tell if that higher low will hold until the second bar. Let's say that this bar looks like it will have a higher low, so you watch it, but low's can go lower, so you don't know until the next bar opens whether it's really a higher low or not. But what do you do in the meantime? And how long do you wait to make a decision? So it's very difficult to time higher low's and lower highs. This illustrates why the open of the next bar is so important, and that there may be a very short window of time when there is any certainty of anything. There are very short windows of certainty followed by longer periods of uncertainty.

Oh! :rofl: See, I learned something new. If I hadn't shared my imperfect code, I wouldn't have learned that. So what is the Forecast variable for anyway? What role does it play?

The answers often come after the struggle. No struggle = Maybe no answers. So I view forum threads as a process to work through the struggle. Everyone can provide a different piece to the puzzle, and collectively make the picture materialize.

It's good to have a system in place that reminds us what our rules are, and keep them fresh in our mind. I'm trying to work out a system of review for my rules while trading. I'm trying out a simple program that scrolls text on the screen. I have a list of questions to ask myself about my indicators, and a new question scrolls every 10 seconds. Every once in a while I look at the question, to check whether I'm analyzing everything I want to look at. So I think your system is great. It's a constant effort to keep those rules fresh in our minds, and to keep applying them.

If your profit target is not hit, do you have indicators that tell you why the profit target was not hit? For example, there was not enough buying volume. If I see weakness on my indicators, and strength in price, that is a divergence that may cause me to adjust my expectations. I can't forecast the future, or react fast enough to deal with every market move, but I can look at historical data, and see why the price did what it did. My concern is, that some people my confuse "discipline" with totally unjustified hope. If I'm forcing myself to hold the trade when I have no basis for doing it, and can't explain why, then I don't call that discipline. Think about this situation; A trader has a loosing strategy, but they force themselves to keep trading the loosing strategy in the name of being "disciplined". Then they loose all their money. I'm just trying to provide another piece to the puzzle. I'm not trying to make a case for exiting early.

This code does not work. It's not tested. It's not meant to be complete. It's totally wrong. It may be a pathetic and foolish attempt to help. So why am I posting it? Because I just like to make an effort and start somewhere. Maybe it will be a starting point. I don't want to do all the work myself, but I thought I'd make a feeble attempt just for fun. Sometimes getting started is the most difficult part. input: Alpha(0.2), BetaHolt(0.3); var: Level(0), Slope(0), SlopeInitial(0); var: Y(0), F(0), k(0); // Y = price var: InitialLevel(0); var: Iterations(9); Y=Close; SlopeInitial = Y - Y[1]; InitialLevel=Y; // Loop through for number of Interations Level = (Alpha * Y) + ((1 - Alpha) *(Level[1]+BetaHolt[1])); Slope = (BetaHolt * (Level-Level[1])) + ((1-BetaHolt)*Slope[1]); F= Level + Slope; F = Level + (k * Slope); plot1(F, "DES");

I made a conscious decision very early in life to respect what people say, and take what they say seriously. The down side to that, is that I sometimes believe things people say that aren't helpful. I could go through life being cynical and skeptical, but I really don't want to become that kind of person. I may be naive at times, and that's the price I pay for respecting what people say until it's proven wrong. I often don't "get it" myself. But after a while I realized that it's not that I don't "get it", it's that I'm reserving judgement until I have more information. I try to keep a sort of neutral outlook. That neutral outlook keeps me from making quick decisions sometimes, and means that I "don't get it". It's more of a filtering mechanism in the way I process information from people than my mental aptitude.

There is a down side to waiting to long. If the market becomes choppy, directionless and slow, that situation can be a very, very difficult one to make any money in. I would never wait 30 minutes after the open, 5 minutes maybe. That's just my personal preference. There are often very small windows of time for making the best money. You miss those windows of time, and they are gone. Of course, there is at least 2 perspectives to everything. I'm not trying to encourage anyone to become inpatient or enter orders without a good reason.

I've been using a free screen video recorder, and have gotten into the habit of recording every one of my trading sessions. I find it very helpful to review how I traded; what I did right, what I did wrong. With the recorded video, I can replay a mistake that I made over and over and over again, and analyze every split second if I need/want to. It's a totally different perspective than staring at static historical charts.

I look at the momentum of the NYSE Market Internals relative to the price of the SP 500 emini. NYSE $TICK, NYSE Advancers/Decliners, NYSE UpVolume/Down Volume. I don't just use momentum, I compare and contrast a few different things. I use a little bit of everything: trend patterns, highs, lows, divergences, volatility, news events and a little bit of intuition for flavoring. Bake at 350 degrees for 1 hr and 45 minutes. :rofl:

I custom built my own monitor stand for my trading. I don't need a desk. My monitor stand has a built-in shelf to hold my laptop and three other monitors. The stand is on wheels. It took me a while to design and build it, but it's great. I don't sit in an office chair. Chairs don't agree with my back. If I sat in any kind of a chair all day, I'd have back pain. I think that desks and chairs are ancient technology. :rofl:

No, you're wrong. I'm a person, and I don't behave exactly the same way every time. I may be in exactly the same situation twice, and behave differently each time. I might be really, really stupid for doing that. But it's a fact. So you are so wrong! I can't believe how wrong you are! Hopefully you won't be consistently wrong every-time you make a post. Actually, now that I think about it, you might be right. People do behave the same way every time. They are like robots. People think that they are in control of themselves, but they are not. We are all just robots. Complicated robots, but still robots. Some people sell when they want price to be as high as it's going to go. Then they don't get what they want, or they get what they want. Some people sell when their strategy tells them to sell. I know one thing for sure. People are consistently random all the time, in a non-random way. In other words the same patterns of behavior repeat themselves all the time with incredible consistency and predictability within the bigger picture, but trying to guess second to second what the behavior is going to be is more random.

I think that there are both influences of random and non-random price behavior. If the economy goes bad, and earnings reports are bad, then sooner or later, many stock prices will go down. That is not random. It's very basic valuation. But trading and investing has a large degree of speculation to it. And there are many buyers and many sellers. And even though human behavior may be fairly predictable at times, there is a large degree of uncertainty about how people will behave in the short term. I probably would not trade at all, if there was truly total randomness. Although the examples you gave, seem to actually have some structure to them. So I question how random the data generation really is.

Website of interesting published works about trading by Terrance Odean: Terrance Odean at Berkeley

Individual Investor Performance: Here is a pdf file of a report done by Brad Barber and Terrance Odean looking at the performance of active traders. Berkeley Study of Active Traders Individual_Investor_Performance_Final.pdf