Able to explain it in a clear manner without irregular English and proven in real time, NO!
Are all price patterns the same? (examples)
- Thread starter 1a2b3cppp
- Start date
Able to explain it in a clear manner without irregular English and proven in real time, NO!
Trend following does not work.
You are correct, however, in doing trend monitoring and analysis.
You are also correct in making relative measures. (that is, using two bars to determine what the name of the second bar is.
Second bars are named by using mathematical functions.
By drawing all forms of pairs of bars and naming the second bar in the pair, you will find that you then have a full list of "knowing that you always know".
This means you can log as you monitor.
the list is as follows:
XB long translation
XR short translation.
and 8 others.
XB and XR is the only time money is being made.
Each pair allows you to devide the "space" into tow parts:
The trending part is on the left and the right side is called a change, often referred to as a BO.
If you are on the left side,you CONTINUE TO MAKE MONEY.
If you sit IN THE MARKET after the BO, you are sitting there losing money.
Would you like to begin to do monitoring and analysis to get rich? The answer is NO for you. You have had journals for years.
When I filled in the sheet I gave you today my net at the bottom of the page was 24.2 points for the day. The decimal point is a dividing line (vertical). On the left are points. On the right are ticks. 4 ticks equal one point in the ES.
To trade, WORK must be done.
Two bars in a pair can be named. I'm sure Wikipedia does not have the list because it requires working with a sheet of paper and an eraser and a pencil.
I'm one of those guru's you can't listen to.
But at least from now on you have no excudse for not always knowing whether the dominant direction of the market is long or short. Prediction is never required.
There is always certainty.
The source of certainty is the market variables having "granularity".
From this, you can shitcan "probability" once and for all.
Expressing the principles with precision is one thing.
Reading precise writing with the same precision is another thing.
If you have any questions, don't ask.
Yes, and they are mostly a delusion. Random generated charts can't be distinguished from real price charts proving this fact. Read David Aronsons evidenced based TA for the facts.
Only certainty is that you are full of shit.
My bet is that this person didn't generate any charts complete enough to do an expert analysis.
He probably didn't even include the independent variable of the market in his comparative illustrations.
Whatever conclusions he drew could be believable to the lesser informed part of the financial industry.
Look at this thread.
Ys you see the OP and his helpers are still at the stage where they only look at one end of a bar to figure out this and that. Its humurous.
If you reread this guys works see if you can determine if he uses a Relative DataBase Management System (RDBMS) ever.
Quote from Lucrum:
I couldn't make up obfuscation like that if I tried.
How does someone even think let alone write like that?
I was just introducing the idea that bars have two ends.
Your humor is delightful and quite a contribution.
If someone cannot give you a specific answer to a specific question, it means one of the following:
1) they are BSing you
2) they are unable to explain in a way you can understand (this happens sometimes)
3) they don't want to teach you
In all 3 cases, they aren't someone you can learn from, so move on.
1) they are BSing you
2) they are unable to explain in a way you can understand (this happens sometimes)
3) they don't want to teach you
In all 3 cases, they aren't someone you can learn from, so move on.