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Koyaanisqatsi Hototo--wldman out of balance
Started:May 14th, 2012 (07:40 PM) by wldman Views / Replies:49,768 / 695
Last Reply:November 1st, 2016 (03:53 PM) Attachments:53

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Koyaanisqatsi Hototo--wldman out of balance

Old February 8th, 2014, 01:05 PM   #351 (permalink)
Market Wizard
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Big distractions...

caused me to "lose" the complete post. Sorry about that. Will return to this when I have solitude. DB
@Fat Tails

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 01:19 PM.
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Old February 8th, 2014, 01:46 PM   #352 (permalink)
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wldman View Post
caused me to "lose" the complete post. Sorry about that. Will return to this when I have solitude. DB
@Fat Tails

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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Looks consistent, if you apply the indicator to 1440 min bars with an ETH session template.

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Old February 8th, 2014, 02:20 PM   #353 (permalink)
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wldman View Post
Second, I believe that I can improve my result by moving out to a longer time frame. Many days IB makes more money from my trades than I do. I'm pretty sure that on 6E the 144 tick chart and on ES the 610 tick chart my set ups prompt me to take many trades that are simply "noise". To be valid, a method must be robust...meaning that it works on all products and all time frames.

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.

best,
RK


Last edited by rk142; February 8th, 2014 at 02:23 PM. Reason: can't have typos!
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Old February 8th, 2014, 03:11 PM   #354 (permalink)
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rk142 View Post
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.

best,
RK

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.

Dan

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Old February 9th, 2014, 02:50 AM   #355 (permalink)
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wldman View Post
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.

Dan

Hehe - it's a character defect of mine that I have a knack for agreeing with someone in a way that sounds contradictory!

It is definitely easier, in my limited experience, to develop systems on higher time frames - so your change of focus will probably prove fruitful.

best,
RK

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Old February 11th, 2014, 09:57 PM   #356 (permalink)
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wldman...

is buying front month puts and next back month puts to cover all his stocks this week....just saying

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Old February 22nd, 2014, 12:31 PM   #357 (permalink)
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A couple twotree..

guys have asked questions about my charts.

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.

Dan

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Old February 22nd, 2014, 01:15 PM   #358 (permalink)
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anaHeikenAshi

My typical view is based on anaHeikenAshi price bars. This is a derivative price bar so I include the CloseDot indicator to mark where the OHLC price bar close occurs. It looks like this:

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This indicator can be found here:

https://futures.io/local_links.php?action=ratelink&linkid=467&catid=19&lpage=1

I can not find the "Close Dot" perhaps it is elite only or native NT indicator.

Here are the settings I use for these two indicators:

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The attached document is the source article from which the indicator was created.

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Old February 22nd, 2014, 01:18 PM   #359 (permalink)
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The article

on the Heiken Ashi price bars. I'd suggest reading that and becoming familiar with bar design and typical application.

Attached Thumbnails
Koyaanisqatsi Hototo--wldman out of balance-237verv.pdf  
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Old February 22nd, 2014, 01:41 PM   #360 (permalink)
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Hey man...


@Daytrader999

NO MEDAL for the USA in Men's Hockey.

I could use your help as I'm just about to attempt to post a revision to one of your revisions, I believe.

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