Both the CME and CBOE have announced they will offer BTC futures in the near future. This is very good news. The ability to trade on a regulated exchange is welcome (although not having free market choice is never desirable).  Many people are speculating about whether BTC is a bubble. However, few participants are considering … Continue reading Future of BTC/XBT?

I recognized early on that you must be able to predict markets to profit from them (at least for traditional directional trading as opposed to liquidity provision--even then one must attempt to avoid the jumps). Some people think markets are completely unpredictable. It surprises me still that some traders like to think they can profit … Continue reading Paradox of Predictability

I wanted to share a quick way to develop your first graybox. Mike Bella recommends developing a "play book" or list of all your trade setups. In the past, I was reluctant to do this because I am more of a synthesis and implicit learning trader. However, as I've considered it over some time, I … Continue reading A Quick Way to Develop Your First Graybox

A graybox system should ideally be designed as a series of systems with subsystems. The subsystems will feed up the predictions while the control system will dictate what trades can be placed. Developing your graybox as a series of modular systems also enables possibilities for creating specific optimized sub systems for execution, for example. The … Continue reading Graybox Practicals

Back to the concept of market cognition, I haven't precisely defined it. I think the best explanation though would be an understanding of the meta-factors. These meta-factors that drive markets and the other traders and their intent and positions. As for the market-wide cognition, I think it is also an evolving process. In other words, … Continue reading Market Cognition Plus Tune-able Systems