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  • #500,201
  • Jul 26, 2011 3:14pm Jul 26, 2011 3:14pm
And cloggie, I do have a short, thanks to your 24 level. Wanted to experiment with your scaling in method, but I still have much to learn with that.
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  • #500,202
  • Jul 26, 2011 3:15pm Jul 26, 2011 3:15pm
Quoting tonegawa
I still have to read it.
I have a B.S. and M.S. in computer science so I thought that a good quant book would be helpful.
It seems this business, or this thread at the very least, attracts a lot of us computer guys.
  • #500,203
  • Jul 26, 2011 3:16pm Jul 26, 2011 3:16pm
Quoting tonegawa
I still have to read it.
I have a B.S. and M.S. in computer science so I thought that a good quant book would be helpful.

You need to start at the basics, Black/Scholes/Haven/Baaquie. The problem is though what field and area of Mathematics suits your personality, background and experience.

I am not the one to ask for recommendations, quite a few quants frequent this thread that may be better suited for doing just that.
  • #500,204
  • Jul 26, 2011 3:17pm Jul 26, 2011 3:17pm
Quoting Venice
It seems this business, or this thread at the very least, attracts a lot of us computer guys.
well, this game has an algorithmic thinking style.
It kinda reminds data mining.
  • #500,205
  • Jul 26, 2011 3:17pm Jul 26, 2011 3:17pm
Quoting littlebighil
been tradng the euro fomr some time and formerly an indices man. Find the euro behaves herself better and gives out cleaner candles, but find the SPX an amazing lead for obvious reasons (hope nt to be patronising)

Notice very few of the experienced traders (post volume) use the SPX as a lead of any sort and dont know why..is this a no no from a pursit point of view - just - when the SPX, dollar index and the indices are all suggesting the same direction, easy to know when its "game on". Not the best trader but have learnt how to stay out of trouble...

I have posted hundreds of post covering just that, just have a browse. I am very big on correlation and risk as part of my fundamental strategy to trading. I get ridiculed for it plenty of times but it forms the heart of my trading style coming of an equities and bond background. Trading must be a whole enveloping approach in my book, just techs, or just fundies will not hack it on its own. There are though very few proper traders here who thorougly understand and use the fundies to their advantage.
  • #500,206
  • Jul 26, 2011 3:20pm Jul 26, 2011 3:20pm
Next hour close above 1.45061 would make likely for Asia session to test highs.

Waiting to see a lot ping-pong between 1.45061-1.45119.
They think they are smarter than I am.
  • #500,207
  • Jul 26, 2011 3:20pm Jul 26, 2011 3:20pm
Quoting cloggie
Have you read Murphy's yet? There are no good quant books in regular circulation, you need to spend a few years at Oxford/Cambridge or Imperial to get even close. I have tried, and still am, to get my head around the quant side of trading, not easy.
This might ruin some dreams, but I went to school to be an engineer, not to far from done but I dropped out of that field, like I said, because I realized that unless you are a young prodigy, you will be designing parts for various manufacturers or some jockey work.

We are talking the young geniuses who are recruited by Google or Boeing.

That crap isn't even worth looking into IMO unless you are a natural. Even then, comprehending it is one thing, developing skills to build off of it is the part you can't really learn.

And if you are that good, you don't' even need to trade, you can just join the ranks of developers working for big corps' with 7-8 figure salaries and stock/options packages worth 10,20, 50 million.
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #500,208
  • Jul 26, 2011 3:21pm Jul 26, 2011 3:21pm
Quoting cloggie
You need to start at the basics, Black/Scholes/Haven/Baaquie. The problem is though what field and area of Mathematics suits your personality, background and experience.

I am not the one to ask for recommendations, quite a few quants frequent this thread that may be better suited for doing just that.
ok, thanks for your answers.

I'll start with Murphy, anyway
  • #500,209
  • Jul 26, 2011 3:23pm Jul 26, 2011 3:23pm
Quoting pennies
This might ruin some dreams, but I went to school to be an engineer, not to far from done but I dropped out of that field, like I said, because I realized that unless you are a young prodigy, you will be designing parts for various manufacturers.

We are talking the young geniuses who are recruited by Google or Boeing.

That crap isn't even worth looking into IMO unless you are a natural. Even then, comprehending it is one thing, developing skills to build off of it is the part you can't really learn.

And if you are that good, you don't'...
that is a lot of what's wrong with our education system. we're not forced to specialize early enough to develop the skills. early education used to be used to figure out what a child's natural talents were. now we just put everyone together and hope someone develops enough critical thinking skills to break out and do something neat.
  • #500,210
  • Jul 26, 2011 3:24pm Jul 26, 2011 3:24pm
Quoting pennies
This might ruin some dreams, but I went to school to be an engineer, not to far from done but I dropped out of that field, like I said, because I realized that unless you are a young prodigy, you will be designing parts for various manufacturers or some jockey work.

We are talking the young geniuses who are recruited by Google or Boeing.

That crap isn't even worth looking into IMO unless you are a natural. Even then, comprehending it is one thing, developing skills to build off of it is the part you can't really learn.

And if you are that good,...
110% agree with that. I am not the quant kind of trader. I still datamine data, Tb's a month and do have my uses for it, but am struggling to get to the quant side of trading, not for a lack of trying.
  • #500,211
  • Jul 26, 2011 3:25pm Jul 26, 2011 3:25pm
quant trading and algo trading is def becoming very popular in spotfx

I read somewhere upwards of 30% of all volume moved in the fx is algorithmic.... amazing

Ive read a few basic primers on quant and algo trading... but nothing anywhere near where i could extrapolate techs and theorems for myself
  • #500,212
  • Jul 26, 2011 3:26pm Jul 26, 2011 3:26pm
Quoting ericevridge
that is a lot of what's wrong with our education system. we're not forced to specialize early enough to develop the skills. early education used to be used to figure out what a child's natural talents were. now we just put everyone together and hope someone develops enough critical thinking skills to break out and do something neat.
I disagree, we are getting to the point in this world to where there is more info than any one mind can comprehend. So ONLY the few individuals with the intellectual capacity can comprehend vast amounts of info.

Look at it this way, we are going down a funnel and we don't know what is on the other side.

The size of the processor drops and it's capacity increases significantly every six months by 2fold, we are to the point to where within a few years, it can't get smaller unless we develop cell {blood that is} size processor.

It has nothing to do with the education system, all the information is there, there is just no one to process it all.
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #500,213
  • Jul 26, 2011 3:27pm Jul 26, 2011 3:27pm
Anyways, I have had my fun here tonight. Kept a few out of buying 24, had a good exchange of ideas but the Mrs is calling me, so am going to call it the night.


Enjoy kids. Don't go doing anything stupid now ya'ear...BTW, the thread has been good for a few days with very little interruption by the idiots that normally frequent these forums.
  • #500,214
  • Jul 26, 2011 3:28pm Jul 26, 2011 3:28pm
Quoting cloggie
Anyways, I have had my fun here tonight. Kept a few out of buying 24, had a good exchange of ideas but the Mrs is calling me, so am going to call it the night.


Enjoy kids. Don't go doing anything stupid now ya'hear...
later cloggie.. see u at the frankie
  • #500,215
  • Jul 26, 2011 3:28pm Jul 26, 2011 3:28pm
Quoting PayTheLimit
closer now...
yes.. stops just above... 4555,, is another.. but one at a time.
those who can, do. those who cant, talk about those who can
  • #500,216
  • Jul 26, 2011 3:30pm Jul 26, 2011 3:30pm
Quoting gatorinla
missed my fricken entry... 4528.6 area..
all better now
those who can, do. those who cant, talk about those who can
  • #500,217
  • Jul 26, 2011 3:30pm Jul 26, 2011 3:30pm
Quoting gatorinla
yes.. stops just above... 4555,, is another.. but one at a time.
What about you Gator? Did you just open an account one day and become a self-educated trader or do you have a background in 'finance'?
I gotta dollar .. I gotta dollar .. I gotta dollar .. HEY HEY HEY HEY
  • #500,218
  • Jul 26, 2011 3:31pm Jul 26, 2011 3:31pm
Quoting pennies
I disagree, we are getting to the point in this world to where there is more info than any one mind can comprehend. So ONLY the few individuals with the intellectual capacity can comprehend vast amounts of info.

Look at it this way, we are going down a funnel and we don't know what is on the other side.

The size of the processor drops and it's capacity increases significantly every six months by 2fold, we are to the point to where within a few years, it can't get smaller unless we develop cell {blood that is} size processor.

It has nothing to...
The information availability is also creating a problem... I think my generation is the last of the critical thinkers, and recalling it, it seems like only a select few of us could actually do this as well.

Everyone else is always google this google that, perform task, slop through it. Very little problem solving as it were...

The information is nice, but sometimes it really helps to work through a problem step by step, eliminating invalid solutions.

A little curious I am about the direction of things... I still haven't decided if the information overload is a good thing or a bad thing yet.

Knowledge is power... but what good is knowledge if you don't know or understand how to use it.
  • #500,219
  • Jul 26, 2011 3:32pm Jul 26, 2011 3:32pm
Quoting gatorinla
yes.. stops just above... 4555,, is another.. but one at a time.
I was waiting for a chance up the way we talked about, but its late now,
Asia might make a push, might put some pendings near 40ish, but I'll have to take a better look once NY closes...
Look Sharp/Trade Tight
  • #500,220
  • Jul 26, 2011 3:33pm Jul 26, 2011 3:33pm
about the extent of my quant and algo prowess is utilizing a few basic models to shoot out some repetitive numbers and sequences from from which we can look at to discern potential clusters of numbers that price will react around

take a gander..
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