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A very elegant idea! I like it a lot! Let us kick it around more and elaborate on it. I have a good feeling that something very useful will come out of these discussions! Good thinking! Very intuitive!

Exactly! So if you had the means of helping the "tape reading or chart reading" without substitution of the “raw” info on it would that be better as well? You see, the point I am trying to make is that using helpers (models, indicators, goggles, rulers etc.) is to enhance the ability to...

Ok, thinking .... Ok, Done thinking now! So why do you then use charts instead of a tape? Could you elaborate? If they are "pretty much the same thing because both things output PRICE as a value" why then you use charts? Also, a simple moving average outputs price as value, no? :)

Ok, why don't you then read the tape? It also has a visualization of the price vs. time. One could argue that the tape is "the most basic level of visualizing where price action was right up to the present moment". But yet you prefer chart! Have you asked your self why? May be it because it uses...

Same here

No, please, I want you to argue. It's healthy for everybody! The truth is born in disputes! (I forgot who said it, somebody famous). But to continue our discussion I would like to ask you a question: - Do you use charts in your trading? If yes then would you agree that a chart it self is a form...

So, the next time a policeman stops you for speeding you say to him "When driving a car you don't keep your eyes on the speedometer... It's pretty dangerous. You need to pay attention to other things..." see what he says to it. :D :cool:

Scientists by them selves would never come up with anything practical unless they collaborate with Practitioners and listen to their opinions. When I was in the Air Force I was involved for many years in the cockpit design for all sorts of vehicles including orbit stations. The lesson I learned...

It's not the point. Why do you need a speedometer in your car if you can see the speed of your car with your naked eye? Well, there is a compelling reason for that: - it allows you to keep your eyes on the road instead trying to count how many electrical polls you passed in a minute of time...

What a great post! It is in my top 10 list now! Verbalization of the modeling ideas using a simple and yet explicit language is a hard challenge. Your thoughts are expressed with the exceptional clarity and conviction! Very, Very well said. Thank you! Please continue. I would like to hear more...

It's called EXPERIENCE . And it is a corner stone of any applied research. You are very helpful. I always liked your down-to-earth remarks. :)

Yes, a similar idea. You can see the clustering of the events on it very clearly. Have you tried to normalize it? I am still working on my recent chart. Will post soon. Too many visitors today in our offices! Grrrrrrrrrrrr............... :mad:

BTW, I highly recommend reading of these two of the Ashby's books 1952, "Design for a Brain", Chapman & Hall, 2nd edition, 1966, ISBN 0-412-20090-2 (original edition, 1952) 1956, "An Introduction to Cybernetics", Chapman & Hall, 1956

Human behavior is too complex to model. Using physical analogies and math simply helps us to deal with this complexity. William Ross Ashby is the first scientist who embarked on such an approach systematically. You would be surprised how fruitful the world of analogies could be in trying to...

You have made my day! :D :D :D :D

I see where you are coming from. All I am saying is that in order to analyze the human behavior you need to have some kind of a model. Physical analogies is just the way to help us think, understand and to come up with hypotheses. Unfortunately it's the only way to understand the world; we can...

Nicely said, nitro. I am of the same school of thoughts. Gaming character of the market is based on feedbacks. That is why I am always fascinated by the associations and reflexes that one might have observing formalized market inputs.

Ah, I see. Thank you. How are the things with you? Any new ideas? You were always the smart one here. I enjoyed our discussions. If you have anything to share I'd be delighted to hear.

I followed you link but it is not what I meant. I was thinking more about the frequency with which the two LEDs (one for bids and one for asks) would blink following the change in sizes on the inside Bid and Ask.

Hi Nitro. Haven't talked to you for a while. Remember our first "heated" discussion in 2002? :D Who are you talking about me or the other guy? :)