caused me to "lose" the complete post. Sorry about that. Will return to this when I have solitude. DB
I wonder if this view is appropriate and consistent with how you might apply fsAuctionBars MTF. Perhaps next week we could Skype to help Scott through the same set up issues and you could educate us on AB? Dan
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Last edited by wldman; February 8th, 2014 at 12:19 PM.
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I'm suspicious of unverified old chestnuts, but the time frame point you make has been true, at least in my limited experience. I tried at the beginning of this year to push a method down a time frame and it didn't work. I tested as rigorously as I could manually, but it started behaving pretty out of character shortly after I went live and I stopped trading it. It hasn't really recovered.
So I agree.
That being said, there is obviously a contradiction between these two ideas:
1. Lower time frames are too noisy to trade.
2. A valid method works on all products and all time frames.
I'm a lousy amateur programmer, but I have learned enough to make my work somewhat more efficient and to automate a few simple ideas. I learned it all by pulling apart, and then putting back together, indicators coded by others. I'd pick straight-forward indicators to start, though. I still haven't made a proper study of some of FatTails's wizardry.
Last edited by rk142; February 8th, 2014 at 01:23 PM.
Reason: can't have typos!
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I do not understand the vernacular, "unverified old chestnuts".
On the contradiction, those are your words not mine. I said that I am prompted to take many trades that are simply noise NOT "lower time frames are too noisy to trade". What I meant to describe and perhaps communicated poorly is that the expanded risk reward of a longer time frame might be more productive. I stand by the notion but qualify that a valid method works on MOST time frames and MOST products.
Can not get simpler or more straight forward than my approach and to me Fat Tails wizardry is just that.
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I am in the process of trying to pare down my view and possibly move to a longer time frame so I'll engage the futures.io (formerly BMT) membership by constructing or deconstructing the chart view here in public. I am a visually oriented discretionary trader. My life is ruled by metaphors. Keep those two items in mind.
I am not interested in a "following" and I am not trying to prove anything or project anything. The only thing I care about here is making good trades. I am interested in different perspectives. I am interested in what works for you in your live account. I am super interested in a C# mentor. I would be very interested in a printed resource guide for C# in NT. Someone mentioned that @Zondor might be working on that type of resource. Criticism for anyone that is aimed at positive outcome is encouraged, disrespect for anyone will be crushed. I do not post audited trade results or tax returns. If you think I am full of shit just move on. I do not sim trade. I do not back test.
I will attempt to construct the typical chart view moving from the items with highest frequency of change back to the once a day items. We follow and respect all the rules of our host @Big Mike. If there is something on my screen that I have paid for I will direct you to the source. It is interesting that everything in my typical view is covered with the fingerprints of @Fat Tails...every time I am lucky enough to have Harry's attention I fill at least a couple pages with notes that later become part of my accumulated experience. A very smart and very kind person to share as he does.
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