Do Trendlines work?

Quote from makosgu:

http://www.egr.msu.edu/classes/ece482/Teams/99spr/design2/web/resources/lissajous/lissajous.htm

Seventh pic down...
"In this case the x axis frequency is twice the y axis frequency."
More...

Too bad for me. Re quadrants I feed P on the y axis and V on the x axis.

It has to do with the P, V relationship. and the role of each variable. This is tough stuff i guess.

I am oriented to making money. Having that orientation i do stuff accordingly. Profits are Y's for me.

the pattern is a vertical one. It is referred to as a figure 8. i am going to hang it up on this; it is too difficult to get any reasoning to happen.
 
Quote from Grob109:

Too bad for me. Re quadrants I feed P on the y axis and V on the x axis.

It has to do with the P, V relationship. and the role of each variable. This is tough stuff i guess.

I am oriented to making money. Having that orientation i do stuff accordingly. Profits are Y's for me.

the pattern is a vertical one. It is referred to as a figure 8. i am going to hang it up on this; it is too difficult to get any reasoning to happen.
More...

Just posted a pic of what a lissajoux looked like since some had PM'd asking what the pattern is. I have the orientation vertical where quad 4 is top left since I know how the derivs relate given there sign orientation... I will post a pic momentarily with the PV quads... The 16 cell form is evading my mental picture. I am hoping that you can provide some clarity there... I know this is not supposed to be difficult stuff, however, I am only providing clarity to a few who have PM'd that they already getting lost. The posting was to simply provide a quick physical image since. I absolutely do not want to mislead or invent which I know you may have already found to be frustrating beyond tolerance.
 
PV pic... Does anyone have a link to the 16 cell P,V form? Also if it is preferred, I can completely refrain if I am screwing things up.

Long transition path attached below.
 

Attachments

Quote from MAESTRO:

Jem, Walther and other trendline enthusiasts.

1/ I have to confess! You got me convinced! I have made a decision. I'll dedicate one of my best researchers to thorough investigation of the trendlines efficiency. You guys know me fairly well, I will not bullshit. If there is anything there I'll publish it and admit it. I will post the results of our research.

2/ I would ask you to help me if I had some questions. I will PM to various people or post the questions on this thread.
I will be as objective as I possibly could be.

3/ May be I was wrong and I did overlook something very useful. Let the truth be found!
More...

1/ You are convinced ? That will be the day !lol I would like to see what your researcher comes up with .
2/ Feel free to ask.

3/ Truth was already found and party is going on already.
 
Quote from Grob109:

* * *
Actually I did. The decision was the primarly theme

The deal is to go from a descreet set of mileposts to a continuous process and look for "change". The sweep perview.
More...
This is the skill without which there is no consistency of money making. There are some major blocks to acquiring it. E.g., How do you convey believing in the absolute obligation to share responsibilities with the market? How do you convey avoiding having a singular focus on any particular market data? How do you convey removing being right as a focus in trading? None of the blocks are in the data sets the market provides, including trendlines. It seemed to me that this part of the learning wasn't completed the last time around. If you would continue with this discussion, it might promote a lot of growth in people.


Quote from Grob109:

I felt that we had to go through a lot to get to the base line and start to build. Personally, I wish that I were more able to hook up with others by knowing where they are. But now I am getting to working, personally, on just laying it out.
More...
You've spent a lot of effort laying the foundation. Without chilling the discussion, what can we do to move to new territory building from what we have?
 
Quote from Grob109:

Too bad for me. Re quadrants I feed P on the y axis and V on the x axis.

It has to do with the P, V relationship. and the role of each variable. This is tough stuff i guess.

I am oriented to making money. Having that orientation i do stuff accordingly. Profits are Y's for me.

the pattern is a vertical one. It is referred to as a figure 8. i am going to hang it up on this; it is too difficult to get any reasoning to happen.
More...

This is old territory which took some time to get across. Many people made good effort in getting it. Getting reasoning to happen is not a difficulty once the connection is made.

Apologies for not giving credit to the maker of the this doc. I found it in my archives without the originator's identity.
 

Attachments

Quote from hank rollins:

that seems to me to be exactly why they don't work. trendlines exist in the past only, the future is unwritten.
More...

Perhaps you missed the charts that I posted live a few pages back.

http://www.elitetrader.com/vb/showthread.php?s=&postid=743542#post743542

The bottom trendline was drawn from 2 points, which you could refer to as "past" points.

The extending trendline from those 2 points "wrote" a possible rhythm of price action for the "future".

Lo and behold, that "prewritten" trendline showed its face 2 more time after the "past" price action. Price bounced twice and then broke down from the trendline.

You state that trendlines "exist in the past" and that the "future is unwritten". Well, isn't every single thing that we look at on chart "in the past" ?
 
Quote from icarus618:

...
You've spent a lot of effort laying the foundation. Without chilling the discussion, what can we do to move to new territory building from what we have?
More...

Agreed and couldn't have said this better... Grob109, y/n?
 
Quote from tradersaavy:

...
More...

Just to build on top of what savy is saying, it is acceptable to project the scope and bound of that which is happening now into the future region of the chart based on the relation and dynamics of the two variables being discussed. Two things will happen, either price will continue to abide by the bounds or it will break from the bounds. In order for price to never break from the bounds, it would only be necessary to immediately identify when a new bound/scope is in effect. As an extension of what is being discussed, if volume is continuing to increase, then the Price direction will continue along it's displacment trajectory. Trendlines are a consequence of this logic. What has evidently become fuzzy for many is the subjectiveness of being aware that the points at which a new trends/channels is currently being defined. What has been stated to be the key is to identify how and when a new set of trendlines/channel are emerging for the continuance of extending the scope and boundary into the future. We are being informed that this can be definitively identified given some framework price, volume, and a pair of periodicities. It will be most interesting to build this discussion from this framework and then roll it forward...
 
You must log in or register to reply here.
Back
Top