QFIT
Well-Known Member
And now for something completely different - The Blackjack Candlestick Diaries.
Does Norm want to go to Wallstreet with Qfit ? Not with G. Sucks !!QFIT said:And now for something completely different - The Blackjack Candlestick Diaries.
Yes. The point of the chart is to give a visual example of volatility. A sim "diary." Not to show EV. I have already posted many charts showing billions of hands in the past.Mr. T said:In the middle of this page, you will find an interactive chart detailing the day-by-day results of three Blackjack players over a seven year period.
Also this is the result of 3.5M+ hands
My question to you is you being the Computer Simulation Guru could you not run zillions of hands on the Computer in seconds. Hence what is the reason for showing this information.
First, most players play very badly. Secondly, "drop" and EV are completely different. Drop really has nothing to do with advantage. Actually, it's a useless term. It is used in reporting because it's one of the few measurements they can come up with. They have no way of measuring table EV, unless it is a computerized table.Mr. T said:My other questons to you is these casino groups say in their financial report that the drop in their casino is below or above the norm of something like 20+%. How is it not exactly the same as in the simulation run when they have zillions of hands played in the casinos.
Casinos do NOT deal zillions of hands. They are very much affected by volatility. One whale can dramatically affect results for a quarter at a major casino.Mr. T said:Actually, it's a useless term. It is used in reporting because it's one of the few measurements they can come up with.
It maybe a useless term but all casinos use it to measure and gauge their casinos performance. Not the EV.
Could you shed some light on the volitlity of this drop figure since the casinos are dealing with zillions of hands.
It's a commercial package. You just create some XML and data to tell it what to do.NightStalker said:i really liked your flash programming !!!!
You forgot: Accumulation/Distribution,Aroon Up,Aroon Down,Average True Range, Chaikin Money Flow,Chaikin Oscillator,Chande Momentum Oscillator,DEMA,Detrended Price Oscillator,Directional Movement +DI,Directional Movement -DI,Directional Movement DX,Directional Movement ADX,Directional Movement ADXR,Ease of Movement,Forecast Oscillator,Intraday Momentum Index,Klinger Oscillator,Linear Regression Indicator,MACD,Market Facilitation Index,Mass Index,Momentum,Money Flow Index,Moving Averages - Exponential,Moving Averages - Time Series,Negative Volume Index,Positive Volume Index,Price and Volume Trend,Projection Bands and Oscillator,Qstick,r-squared,Range Indicator,Relative Momentum Index,Relative Strength Index,Relative Volatility Index and Inertia,Standard Error Bands - Lower,Standard Error Bands - Center,Standard Error Bands - Upper,Stochastic Momentum Index,Stochastic Oscillator %K Up,StochasticSystemsTrader said:Very interesting charts Norm. Now can we see some charts with Bollinger Bands, Gann Lines, Elliott Waves, Fibonacci Retracements, Moving Averages, Stochastics, and Williams' %R.![]()
It is AM. These charts are also great for beginners to look at and good for building confidence in downswings. It shows if you are properly capitalized and stick with your plan you will be successful in the long run.Automatic Monkey said:The interesting thing is how the ratio of green to red candlesticks increases as the time scale increases.
I guess you are right about the Whale. Reminds me of the movie Casino where Deniro says the guy that bets $200,000 a hand at Baccarat could turn the lights off in his joint.QFIT said:Casinos do NOT deal zillions of hands. They are very much affected by volatility. One whale can dramatically affect results for a quarter at a major casino.
There are more financial systems than gambling systems.SystemsTrader said:I also forgot Absolute Breadth Index, Accumulation Swing Index, Advance/Decline Line, Advance/Decline Ratio, Andrews Pitchfork, Arms Index, Breadth Thrust, Bull/Bear Ratio, CANSLIM, Correlation Analysis, Demand Index, Envelope trading bands, Equivolume, Fourier Transform, Kagi, and McClellan Oscillators.
I could go on and add another 50 but I'm tired. When I first started trading I thought I had found the holy grail a few times with some of these methods. Reality set in quickly after blowing out a few small accounts. But I learned from my mistakes built up a new account, figured out what worked and I am still successfully grinding away at it.
And many of the gambling systems that don't work have analogs in financial systems that don't work.QFIT said:There are more financial systems than gambling systems.Or is that redundant.