Throw in the pitching and the base running fractals too. Scouting and the way the skill leagues are stacked is a sexy thing too.
It was a bit humorous that first analogy.
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Definition of a trend
- Thread starter macrotrader
- Start date
Throw in the pitching and the base running fractals too. Scouting and the way the skill leagues are stacked is a sexy thing too.
It was a bit humorous that first analogy.
Quote from Corey:
A potentially beautiful discussion for the mathematical minded ruined by metaphor gibberish. Well done, gentlemen!
Next time I try to use math in my models, I will remember the geniuses at ET and just start blabbering about sports instead...
I doubt the majority of posters in this thread even know what Brownian motion is...
LOL.
What did you expect? These guys can't trade.
Quote from marketsurfer:
whoa, that's a mouthful to say the least. you eliminate variables by using bars in equal increments of tics?? this would make things more chaotic than time as the creation of tics takes place over variable timeframes thus each bar would be created seperate than standardized time frame creating chaos not order. Only those who don't understand how markets really work would believe such things as you state. it makes no sense.
surf
No, you do not make the bars in equal increments of ticks, you make them in equal increments of shares or contracts. That is the increments the markets are traded in not transactions. What is the name of your broker that pays you in Time, Range or Transactions again? I didn't catch your response.
You sound like some old man refusing to LOOK at an HD TV because you just KNOW there is NO WAY POSSIBLE the picture can be any better or clearer . . . it makes no sense to you.
This absolutely doesn't make it more chaotic is smooths out the price action to perfectly consistent oscillations but then you would have to see that and use these charts to understand that concept. The same reason you test drive a car to insure it IS everything you want in a vehicle. No one normal buys a car without test driving it.
Everything YOU don't understand is impossible and makes no sense. God forbid if you need the prostate surgery and the doctor says they have a new type of surgery that they go in through your navel, you be sure to tell them . . . it makes no sense, ok.
Only those who believe the market is some mystical gambling casino as yourself would believe there is NO possibility to create consistently readable charts.
Quote from Spydertrader:
Baseball represents the proper sports analogy (with respect to trends within any market) due to one very important factor - time. Unlike hockey, soccer or football, baseball operates (as does the market) on a fractal basis. While each of the previous analogies (hockey, soccer, and football) limit their play based on a clock, baseball does not. From a fractal standpoint, three strikes make an out, and three outs end one half of an inning.
Just as a trend has an easily identifiable beginning and an end, so too does a baseball game have an easily identifiable beginning and end to an inning. While clearly, one may have no idea how long a particular inning may last (a few minutes, or a few hours), anyone with knowledge of how to play baseball, knows the signs which determine both the start and completion of the inning.
The same holds true with all markets, as they too operate (like baseball) on a fractal basis. Once again, one need not know how long a particular trend may last (a few minutes, a few hours, a few days, or a few weeks). One simply needs to understand the signs for when a particular trend has come to an end. Since all trends overlap, where one trend ends, the next trend begins it turns out.
While all markets operate on the basis of mathematics, they do not do so randomly.
- Spydertrader
Nicely constructed! Clear analogy.
Quote from Corey:
A potentially beautiful discussion for the mathematical minded ruined by metaphor gibberish. Well done, gentlemen!
Next time I try to use math in my models, I will remember the geniuses at ET and just start blabbering about sports instead...
I doubt the majority of posters in this thread even know what Brownian motion is...
I know all too well, I get brownian motion when ever I eat Mexican food.
So Taco Bell and Chipotle = Trend???
I like Chicken Burritos. So I'm not complaining...
I like Chicken Burritos. So I'm not complaining...