Australian (ASX) Stock Market Forum

Tools used by top discretionary traders

This is hard if not impossible to code and why the human brain is still far superior to machine.

It wouldn't be that hard to code market context if you knew what to look for. How hard can it be though to get information from live feeds on gold, bonds, soft commodities, oil, various indices, various spreads etc? I would imagine it's been done already for intra day trading. I am not a coder but I know you can easily code things like if x1 says y1 and x2 says y2 then filter trades by x3 and y3 e.g. if bond yields are down and gold is up, code your system to not look for trades in indices or equities until the situation changes. The reason it works well for intra day trading is you don't need a human brain to forecast 6 months or 12 months down the track based on incomplete information. The shorter the time frames you're dealing with then it should be easier to code.
 
It wouldn't be that hard to code market context if you knew what to look for.
Yes I suppose if one could define "their" context then it could be coded. That is what makes the market less predictable, your context derived short or flat bias and my context derived long or flat bias. Beauty is in the syntax of the beholder. :D

How hard can it be though to get information from live feeds on gold, bonds, soft commodities, oil, various indices, various spreads etc?
I think to do the sort of context you refer to would require a computer read of data. This is something I am presently investigating. E.g. --- http://mgto.org/free-concordance-keyword-frequency-text-analysis-tools/ You could search keywords and mine for whatever you think is market moving.
 
Yes I suppose if one could define "their" context then it could be coded. That is what makes the market less predictable, your context derived short or flat bias and my context derived long or flat bias. Beauty is in the syntax of the beholder. :D

I think to do the sort of context you refer to would require a computer read of data. This is something I am presently investigating. E.g. --- http://mgto.org/free-concordance-keyword-frequency-text-analysis-tools/ You could search keywords and mine for whatever you think is market moving.

I don't know why you need keywords though for market context on a intra-day basis. The statistics are all integers. As for economic releases, just read them yourself. It is more reliable.
 
I don't know why you need keywords though for market context on a intra-day basis. The statistics are all integers. As for economic releases, just read them yourself. It is more reliable.
The idea of coding it is to not have to physically read every announcement or news release where words are the method of communication. Numbers can be incorporated into the data mining.
 
This thread reminds me of a Friend of mine.

She was amazing.
Health nut
Owned a health food store, drank juices was amazingly fit and admired by
everyone ---radiated glowing health. She bombarded all who would listen
on all the latest known things to do with health, stories of how to cure the common cold to cancer
there were so many stories from all areas and all walks of life accepted without question---and so should we all---.

Wouldn't have anything to do with anyone who actually practiced medicine.
2 years after contracting breast cancer she died.

Cryptic-----If you get my drift.
 
Top