Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

FFTrader

Members
 View Profile  See their activity

  • Content Count

    42

  • Joined

  • Last visited

Posts posted by FFTrader

  1. Posted

    If you ask me, the media and Mr. Lewis may be just interested in getting a bigger audience / selling more books.

     

    If I can assume the most media outlets have not really looked into this until after Mr. Lewis publish a book, I doubt what we hear on CNBC, Bloomberg, NY Times, etc. is fair and can help level the playing field for all and protect market liquidity. CNBC today have resort to asking IEX's CEO to answer the simple question of whether the stock market is rigged on camera. :angry: See: Katsuyama vs. O'Brien - who won the fight?

     

    Where as in reality we small discretionary traders probably have no idea HFT is - but I did bookmark these earlier for my own research purposes - I thought these two articles by Credit Suisse is a better illustration of what HFT is as when you read these articles, you do not have to go to Amazon and pay money to buy a book first :

    1. https://edge.credit-suisse.com/edge/Public/Bulletin/Servefile.aspx?FileID=23284&m=1815212669

    2. CS HFT DETECTION

     

    All I can say is, get the word out. At least don't let people bash it and let the regulators do a good job in figuring how to regulate it. :)

  2. Posted

    I am happy with 50% and 61.8% too - the problem arises when you see other ratios works - or become trade-able, etc.

     

    The thing with trading - and I am sure many traders here will agree - is that if there are enough participants at a level, a market will go with the majority. I am sure if you look on the charts of relatively thinly traded futures like GC - as oppose to larger volume ES - you may find these odd percentage retraces, for example.

     

    Whether these retraces will produce a significant turn that takes out the original points of the retrace on the other side OR simply produce a trade-able / scalp-able level/zone is probably two different stories.

     

    :2c: :2c: :2c: :2c: :2c: :2c:

     

    If you Google Gartley, you will see many references to 88.6%, for example. I keep wondering why and have not found a reason. Anyway, I guess there are no real reasons - like the golden ratio - that makes these other levels work somewhat. :roll eyes::roll eyes::roll eyes:

  3. Posted

    :confused:

     

    Ok, I am always been a big fan of 61.8% Fibonacci Ratio (so is 50%) - but why are Fibonacci Ratios of 88.6%, 78.6%, 127.2% useful?

     

    I see them in Gartley patterns and the instrument I trade - GC futures. I saw many threads online regarding it is good in Forex ...

     

    However, no one had address the issue of why it works - I see the pattern in GC for 88.6% on the 60 min chart from last Friday up to current, for example, in addition to the 61.8% and 50%.

     

    My objective is to determine why it works and hopefully determine when it will have a higher probably of working.

  4. Posted

    Without definitions arguments are useless.

     

    To me, and I believe most, TA is the study of trading instruments price behavior through the use of price and/or volume and/or time, with many sub-disciplines: tape reading, chart analysis, cycles ..................... FA analysis is done through the use of market economic conditions as they apply to markets, companies, persons and such, again with it's many sub-disciplines characterized by individual field of specialization.

     

    If we accept the general definition used by most, fine ........... if not, fine. Argue a specific point for validity, without wandering all over the place.

     

    To my understanding, random is anything that exists without a cause, there is no causal factor that made it be. Thus, any effect that is a product of a cause is not random, but it could easily be beyond the ability of anyone to predict it with 100 % certainty, as is the case with price behavior.

     

    Peterthemonkey put out a good point - you need to define it.

     

    If anyone here have studied information theory - see: http://www.framingham.edu/~dkeil/dscs-chaos.pdf

     

    Go to slide 18 - note that the famous ratio of Pi ... is by definition not random. Why? Because it can be generated by a short algorithm (of mathematics).

     

    In other words, Burton Malkiel famous coin tossing experiment and mathematically adding or subtracting a constant is also using an algorithm (of addition/subtraction) and thus by definition not random mathematically?

     

    Malkiel may have underestimated that in Information Theory (Google Claude E. Shannon if anyone cares), there are a mountain of knowledge and foundation concerning coding, telecommunication bandwidth, channel capacity, etc. that builds on the idea of randomness ...

     

    Yeah, just leave it to the economist and their real understanding on mathematical principles? :doh: :confused: :missy: :doh:

  5. Posted

    Will watch the video after I get a WiFi connection ... If I can ask now - how do one get reminded on the trading plan during the day but not get distracted by the evolving market - as some markets can move fast (e.g. GC, CL)?

     

    Most traders fail because they do not have a trading plan. As a trader, you need to spend some time analyzing the market and doing your daily homework. From the previous days action you can develop a trading plan for the day. Of course market action is unexpected and you may have to adjust according as the trading day progresses. But having a basic idea of price levels is important to guide you in your trading day.

     

    This is a short video on my daily analysis technique for Sept 1st, 2006.

     

    CLICK HERE TO VIEW VIDEO

     

     

    Charts created by Tradestation

    Presented by Traders Laboratory

  6. Posted

    Well said duncanhoo.

     

    The thing with flipping a coin experiment is that the experiment mentioned could be flaw. It is the PRESUMPTION that a random event with some math (addition and subtraction) will NOT produce a pattern. This presumption is mathematically not sound. The reason being that the "addition and subtraction" of half a point is a rule. That is, you need a mathematically random number generator and ONLY the generator's output is use with no other mathematical manipulation to the output - to ensure randomness.

     

    The problem is that with this author (a journalist / economist / writer as depicted by duncanhoo), there is a good chance that during the writing of a book, the research on the concept of randomness and the mathematics behind randomness is probably not well defined / researched. I have not read the book myself but base on what I know with mathematics and base on that certain trading concepts that can work across different markets, I would probably not buy the book.

     

    :roll eyes:

     

     

    what makes an economist's book any more correct than the various other books out there on trading?

     

    He may have been fooled by randomness and settled on index funds but i am not. Is it a coincidence that he both peddles index funds and is an index fund manager? I can assure you there is nothing "random" in that correlation.

     

    I successfully day trade and swing trade using charts alone and no tape.

     

    That said, finding a consistently profitable edge in the charts was not easy and took a long time.

     

    The first and most important step on my road to success was to stop listening to gurus, talking heads, economists and most importantly - journalists.

  7. Posted

    I am seeing the average daily volume of ES dropping for the most part of the past 12-18 months.

     

    I am not sure if it was because of HFT but I would argue that at some breaking point the HFT would not be able to find enough trading profits if the volume of ES is low enough?

     

    That is, if there are enough HFT going on, wouldn't they trade against each other and eventually they would find no real edges / not enough profits in their systems? :2c: As such, the ever decreasing daily volume is a sign of this? :2c:

  8. Posted

    have you read the manual?

    or pressed the F1 key?

     

    manual? of Tradestation or the text file? manual of what?

     

    I have done a tiny bit of programming myself (and have my own simple indicators) so removed the "text_setsize" and the ELD verified without error.

     

    Put it on tick charts and intra-day charts and no lines ... just to clarify myself a little.

  9. Posted · Edited by FFTrader

    I cannot seem to import it to Tradestation ... needs an *.ELD file or am I missing something? Use the .txt file and save it as an *.ELD? I have Tradestation 8.7. I did that and no lines?

     

    Thanks.

  10. Posted

    Not enough info really there is a similar thread here http://www.traderslaboratory.com/forums/f208/4-system-rules-would-you-choose-7562.html#post90520 that mentions some things people would want to know to evaluate performance.

     

    Thank you BlowFish. I guess I am asking an expectancy question? That is, how much profits can I expect from a good set up ... my set up above basically means that after 30 contracts / 10 trades of 3 each, I get 3.62 points net. Per contract that is slightly over 1 tick on the ES. Although conservative in that 3.62 number, I am not sure I am close to a realistic target or too far away. :confused:

  12. Posted · Edited by FFTrader
    Editing typing error

    What are those indicators being used?

     

    Is there a live trading room for it for trial?

     

    Hi MoreYummy, I started this thread because a fellow trader asked me to join with her and I have since decided not to. I think there is a trading room, however. I am not quite sure what indicators they use per se but I think they do use key support and resistance as part of their setup based on the free trial I saw.

     

    :) I am not an experienced trader and still struggling. As such, as of this moment, I cannot say for sure whether their stuff works or not - FOR YOU. What I do have control on and starting to get into a habit of is to trade my own setup. The key - and most recent - milestone for me is that I am able to avoid large drawdowns. I trade with two fairly standard indicators basically - a momentum indicator and an oscillator. That's it. Other considerations I use are purely subjective opinions I have base on my experiences so that part of it may vary depending on who you are.

     

    More experienced traders here and elsewhere may agree with me that there is nothing new under the sun - and there is no holy grail. In other words, keep searching for something you like while try to come up with something you are comfortable with.

     

    Hope the above helps.

     

    Thanks,

    FFTrader

  14. Posted

    Those lines looks like it has some similarities to the standard Tradestation indicator "Trendlines Automatic" if you ask me ... and pivots calculations can be seen on http://www.mypivots.com ... the blue lines are timing stuff I have not been able to observe and see similarities / where it came from. To put all three together and come up with an indicator may be an accomplishment.

     

    Of course, I have not seen or use it ... would like to hear some comments from someone who is an actual user - hopefully a profitable user.

  15. Posted

    Pardon me.

     

    I have no real items that I would like from them but a fellow trader was asking about it.

     

    Their triggers seems quite good on their youtube videos. Obviously I would like to learn more ABOUT other trader's comments on them and / or their effectiveness.

     

    Just a caveat - NOT looking for the holy grail but looking for another potential tool.

  19. Posted

    I day trade the ES futures exclusively. Using Traderstation as the main platform. Any form of "point me in the right direction" is greatly appreciated for the following ...

     

    Because of my pre-trading understanding of Neural Networks some 20+ years ago, was thinking about adding Neural Networks tools to my arsenal today. Questions:

     

    1. Where can I find a good place to read more on programming and applying concepts of Neural Networks in Tradestation? With short examples to use would be nice. :idea:

    2. My objective(s) is(are) obviously those suggestions appeared in Dima's starting post. Having said that, my current system lacks a confirmation element / clarity for taking a trade or not taking a trade (with a fixed stop loss range). Is it reasonable to expect I can find something that can deliver some form of answers such that GIVEN a set of price levels (e.g. ESM09 for Easter Monday 2009 ... selling 848.50 and buying 841.50, although my bias is down), it will rate it as least / most risky (to buy/sell), etc.? If so, which ones are the alternatives?

     

    Thank you in advance! :D

  20. Posted

    Here is the file that I got working. It is from TS fourums. It seems to be the one that Thrunner is talking about. If anyone has an updated one, I would also be interested.

     

     

    BigEd, I got it working on the ESZ08.D contract. However, have been trying to get it to work on the ESZ08 contract but do not know how to do it? Do you have an idea?

     

    Basically, I need it to produce the market profile for the 24 hour period and not just the pit session. :confused:

  21. Posted

    re Holosync. A user has done a great deal of research and has created "Deeper Than A Zen Monk" downloadable which with the bells he recommends is technically and aesthetically a freakn facsmile of Holosync - at a savings of almost $2000.00 USD

     

    Hi zdo,

     

    Where can I find this facsimile? :roll eyes:

     

    Thx,

    FF

  22. Posted

    When it first came out, I loved the concept of Trading Mind.

    However I found the content of the suggestions to be so lame and limiting that I sent them back...

     

    Bang for the buck, I have found no product out there that beats NeuroProgrammerX.x by Transparent Corp.

    (ps - am a consumer only, have no commercial or ... yada yada)

     

    All the best,

     

    zdo

     

    Hi zdo,

     

    Is Neuro Programmer base on the principles in binaural beats http://en.wikipedia.org/wiki/Binaural_beats ? I am looking at stuff like Holosync.

     

    Thanks,

    FF

  23. Posted

    I have the Holosync demo CD ... it does seem to work ... is there a way to make it trading specific?

     

    The "new age" market is filled with snake oil salesmen. That being said, I have used Holosync, and do think it works.

     

    My mind races often, I can slow it down and seem to have good mental control. I can focus on one thing if I really try, it has to be something I really want to focus on like a chart. I try to feel the market participants and what they were thinking as the auction shifts its equilibrium.

     

    The more I go down the road of psychology and it's role in the markets, the more in tune I'm getting with my own psychology. This has been quite the journey for me. :)

     

    I'm gonna look into Holosync and some more on NLP as well since NLP has come up in my studies allot.

  24. Posted

    I have Mark Douglas's Trading in the Zone book AND this Trading Mind CD.

     

    Just like OzAsh, I use this CD everyday before turning on the trading platforms and it has been working ... in a sense that Mark Douglas book was helpful but one cannot expect to remember AND also apply the principles when you are in a trade. This Trading Mind Software will help strengthen the mind and your internal conscience when you need it. Each topic is probably 8-10 minutes ... so one can use it whenever they feel they need something.

     

    I paid $39.95 recently for it so it is less that 1 point on the ES ...

     

    I stand corrected. I paid $129.00 ... free shipping.

  25. Posted

    I have Mark Douglas's Trading in the Zone book AND this Trading Mind CD.

     

    Just like OzAsh, I use this CD everyday before turning on the trading platforms and it has been working ... in a sense that Mark Douglas book was helpful but one cannot expect to remember AND also apply the principles when you are in a trade. This Trading Mind Software will help strengthen the mind and your internal conscience when you need it. Each topic is probably 8-10 minutes ... so one can use it whenever they feel they need something.

     

    I paid $39.95 recently for it so it is less that 1 point on the ES ...

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.

  I accept