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After 4 years and 4000 posts, a pertinent question might be Is anybody making a living by trading in this way?

 

Just curious.

 

You betcha! Unfortunately, recent topics aren't moving the discussion in a productive direction imho.

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After 4 years and 4000 posts, a pertinent question might be Is anybody making a living by trading in this way?

 

Just curious.

 

There are a lot of people that use pieces of the method.

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Then move it in the production direction.

 

Already tried that - a few times as a matter of fact. I've posted several thoroughly annotated charts, referenced informative posts from this thread, and suggested a few exercises. Seems a complete waste of time to me. All I get is 100 private messages wanting me to give them the "holy grail".

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You betcha! Unfortunately, recent topics aren't moving the discussion in a productive direction imho.

 

Recently, if I understood you correctly, you suggested that the information provided in this thread is necessary, but not sufficient, to trade these methods profitably.

 

A discussion of the information that you hinted about earlier would move this thread in a productive direction.

 

Thank you for your annotated charts earlier in the thread.

 

-river

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Already tried that - a few times as a matter of fact. I've posted several thoroughly annotated charts, referenced informative posts from this thread, and suggested a few exercises. Seems a complete waste of time to me. All I get is 100 private messages wanting me to give them the "holy grail".

 

Human nature, everyone wants a free lunch. No one wants to work for the holy grail. Spyder made everyone work for their lunch.

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Human nature, everyone wants a free lunch. No one wants to work for the holy grail. Spyder made everyone work for their lunch.

 

Too bad many did not get lunch, even after many years hard work.

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Unfortunately this discussion is marred by misunderstandings, as often happen on internet forums.

 

I'll try to clarify my recent postings:

- I don't use intraday degapping

- I don't have software that does it

- I didn't say that intraday deggaping is superior

- I don't have data and an opinion to compare intraday degapping with non-degapping

- my example above is the first example ever I used to compare a sequence of bars deggaped vs. non-degapped; in this randomly selected example, it seems to me that the degapped sequence identified more clearly the sentiment moves

- my recollection is that the first time I read about intraday degapping, as about day-to-day degapping was from Spydertrader, and only later from Jack, but I don't know who actually invented it

- my current impression, based on their latest posts, is that both Spydertrader and Jack currently use both type of de-gapping

- I find that day-to-day degapping makes sense because RTH market has different characteristics than overnight market; and I believe this is the same justification supported by Jack; I don't recall Spydertrader's justification

- I'm not aware of a justification for intraday degapping from anybody; if I were to guess, I'd say that it emphasizes more what's happening intrabar, putting all bars on the same footing; anyway, encapsulating the price in bars with OHLC points is a form of filtering an information that is by its nature continuous, so it is arbitrary and will always truncate out some data

Anyway, people often make statements and argue without providing support for their opinion, while asking others to justify themselves, to invest time and effort for the requester benefit. It can't work.

Last night spatial posted a link to this:

 

 

jack hershey

 

Registered: Feb 2003

Posts: 7278

07-16-12 09:54 AM

Each bar makes its contribution.

 

and the five OOE's have their ranking of priority.

 

As you saw a pt3 bar would have qualified except for the fact that it was an "internal case" which means log a wait. The bar looks like it will become part of a lateral. On the chart the display will show blue boxes in side of the lateral red boxes.

 

this is set up as an automatic part of the display. Programmers call this "adding degrees of freedom". so programmers watching will see about 70 degrees of freedom that enhance the Pattern.

 

All bars relative to each other must be degapped to take out the momentary switch from BBid/BAsk at the jump at the end of one bar and the beginning of the next. This assures all internals and translation are properly categorized.

 

Bar 39 is the fourth bar of the current lateral. The Sym that began the lat needed to have a degapping. This means the boundary of the lat is adjusted from the second bar onward.

 

 

 

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There are a lot of people that use pieces of the method.
Very good point! It seems these days not even Jack and Spydertrader trade this method at its full potential. Why? Good enough is okay.

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..........................

 

JH method for trading futures it was "Peak Trader" something. It was obvious that he is trying to enter the vendors biz....:2c:

 

Actually it was other way around.

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Seems a complete waste of time to me.

 

John,

 

absolutely not a waste of time ! I appreciate your input.

I followed your suggestion and reread, a refresher, and found some of Gucchi’s comments were right on. Your posts are a great reality check. Problem is, I think that most people here are Vegas level or above and at that time Todd asked us all to keep some things to ourselves, and for all his efforts, I respect his wishes. So now what? The stuff I want to talk about is beyond that and probably shouldn’t be in an open forum, so I operate in a vacuum.

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Very good point! It seems these days not even Jack and Spydertrader trade this method at its full potential. Why? Good enough is okay.

 

Ok... I think I figured out what happened:

 

1. Somebody else (probably a sexy blonde, from all the hints... a jilted girlfriend perhaps) is using Mr. Blacks handle and is posting rubbish in his name.

 

2. CNMS has found the holy grail: Not only does he know exactly what Spyder and Jack are trading at the moment, but he also knows that it does not reach the method's full potential!

 

3. Jack has finally found the charting equivalent to his writing (=the least comprehensible representation of price movement possible)... perfect!

 

At least that is my analysis...:):):)

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Ok... I think I figured out what happened:

 

1. Somebody else (probably a sexy blonde, from all the hints... a jilted girlfriend perhaps) is using Mr. Blacks handle and is posting rubbish in his name.

 

2. CNMS has found the holy grail: Not only does he know exactly what Spyder and Jack are trading at the moment, but he also knows that it does not reach the method's full potential!

 

3. Jack has finally found the charting equivalent to his writing (=the least comprehensible representation of price movement possible)... perfect!

 

At least that is my analysis...:):):)

Your posts prove that you need to work on improving your MADA.

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Very good point! It seems these days not even Jack and Spydertrader trade this method at its full potential. Why? Good enough is okay.

 

Please could you post an annotated chart showing the full potential of this method. I am more interested in seeing the stuff Spyder and Jack dont see.

 

Thanks

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John,

 

absolutely not a waste of time ! I appreciate your input.

I followed your suggestion and reread, a refresher, and found some of Gucchi’s comments were right on. Your posts are a great reality check. Problem is, I think that most people here are Vegas level or above and at that time Todd asked us all to keep some things to ourselves, and for all his efforts, I respect his wishes. So now what? The stuff I want to talk about is beyond that and probably shouldn’t be in an open forum, so I operate in a vacuum.

 

Thanks. I'm not certain about the expertise level of a lot of the folks here - perhaps if they posted some fully annotated charts. (I couldn't resist) ;) BUT, apparently some folks have figured out a way to use (at least) some of the method to make coin...and that's a good thing. However, the ability to fully differentiate a chart while maintaining fractal integrity is not often evident in this forum.

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The channel drawing tool for nt 6.5 is still my favorite.

 

Channel heavy

Traverse medium

Tape thin

BBT lt grey

 

This is far from perfect.

I'm not commenting on your annotations; I just used your chart to highlight where the trough of the B2B forms.

5aa711d66837b_stevecss4-5trough.thumb.jpg.b0277d0e2e9f447c06605c67d3c6c5c9.jpg

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The reality is that a down fractal did not complete until 1320 on 04/04/13. This trend began back on 04/01/13. If one maintains fractal integrity, and understands equal weight containers, then it's impossible to complete at 1545 on 04/03/13.

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Thanks for your input. Is this a little closer?

 

There remain several problem areas - some of your trendlines are not drawn properly, there are some areas where you should have accel'd the rtl, it doesn't look like you understand why some of your containers are not equal, and there is at least one important lateral missing, etc.

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Hey guys,

 

What is the latest version of "psmpv" for Ninjatrader, I have version 2012.03.19.618 is there a newer version?

 

Thanks

Edited by Mandelbrot

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John,

 

absolutely not a waste of time ! I appreciate your input.

I followed your suggestion and reread, a refresher, and found some of Gucchi’s comments were right on. Your posts are a great reality check. Problem is, I think that most people here are Vegas level or above and at that time Todd asked us all to keep some things to ourselves, and for all his efforts, I respect his wishes. So now what? The stuff I want to talk about is beyond that and probably shouldn’t be in an open forum, so I operate in a vacuum.

 

This is pretty funny. Vegas was years ago, what have you been doing since then? Did you run out of rations and finally exit your bunker?

 

Why have you not posted on this forum in the past and shared information? Operation "vacuum" is over and now you need help.

 

Welcome to everybody's else's world on this forum, you no longer have to live in a vacuum.

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