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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: catou1 who wrote (73889)	11/15/2022 11:28:17 AM
From: Sun Tzu	2 Recommendations Recommended By skier31 towerdog Respond to of 97948

Gaps don't come into play here. I am not doing TA as it is generally understood. I am running a quant model. I will soon have to start looking at correlation and p-values, but as a first sketch focusing just on daily charts, I'm pretty impressed with how accurate and useful even this rough sketch is. Besides, this is a continuous index futures contract, so there are almost no gaps (today is an exception). Here's the same model on SOX (not a continuous contract). Notice where the bottoms happened 1.382 and 1.618 extensions). An initial GTC buy @ 1.382 sell @1 (2312 - 2523) and GTC buy@1.618/sell@1.278 (2182 - 2452) would have made most traders very happy. You would have of course missed on the latest leg up, but I am not aiming for perfection. For that you'd need to use your own trading skills to decide where to draw the lines. SOX Image (turned off the curves for clarity so they don't clutter the picture)