Do Trendlines work?

Quote from John Merchant:

Icky. I, like Jack, repeat myself endlessly. I adjust the one minute time scale so that the whole day will fill the screen at the session's end. I slide the open over to the left side to try to achieve precognition of how the day will flow, with special attention to where price is relative to the Vee-Wop. The selection of time frame dramatically influences how the candles will look. Five minute is undersampling (this for those of you who are information theory experts and understand such things). That timeframe often distorts perception of what is really happening to price. And one-minute makes you very mindful of your rules (that is, assuming you have any) on what magnitude of contrary move allows you to update a trend line. Jack talks about recognizing what is going on inside a bar. Why the fuck would I strain my old brain to do that when I can see it all perfectly clearly in one minute? That's my major Jack objection. He makes it too hard. The only thing I want hard in my life is my dick. Mikey.
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My comments were directed at your recommendation of the 1m vs the 5m, not at you vs Jack. So let's get a grip on the content first of all.

Secondly, I don't know much about the other stuff in your post about the look of candles, 5m undersampling, timeframe distorting perception and such. To me, monitoring on the 5m vs the 1m is a practical matter.

There is a pace that dominates in the ES. It certainly is not fast. Occasionally on ET you see someone posting a warning to others that stock index futures are fast and dangerous. The message is: newbies stay away. What the person really means is "I don't know much about stock index futures. I don't have a method to monitor but I see it moving every day and it scares me. It should scare you too."

In actuality the ES is a slow moving thing with occasional quick bursts at telegraphed junctures. Let me repeat that: the ES is slow. The actions required for money making are not rapid fire, but timely. Inexperienced people see a 1001 dangers when they are in the market and are apt to do a lot of dumb things. The most common dumb thing is taking action when no action is called for. I call this hair triggeredness and I've found that watching the 1m exacerbates this condition for the inexperienced person, although oddly enough the less experienced person seems to be drawn to the faster time frame.

To sum up: Learning to trade is about slowing things down. The skill to be acquired is relaxing. The 1m is a shitty place to learn this.
 
Quote from Moz:

I know from other efforts in my life that in order for one to succeed at any endeavor they must have a positive outlook on a positive result. IMO ruining the positive outlook is the disservice you fling about......
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This is what always baffles me about the "Jack Threads". Anyone who can see through Jack always get labeled as not being a positive person. Don't be fooled into thinking that just because someone rambles on incessantly that he or she knows what they are talking about. Good trading is SIMPLE and can fairly well be easily explained. Some of the charts posted on this thread are really hilarious. Some don't understand the difference between being positive and being naive.

Some here don't realize who is really trying to be helpful. Some are just posting nonsense with their writings and charts. Some can't differentiate between quality and quantity. Stop and think. You'll NEVER get there trying to follow someone you can't begin to understand. :confused:

These are, of course, my opinions. Please feel free to discount all you wish.
 
Icky. A very measured response for this thread. Being essentially argumentative, contrarian, recalcitrant, recidivist, and just plain ornery, I will give you a counter example from the Jackology: the HVS. Now Jack has said many times that they offer enormous potential to make many X the daily range. I agree. I have even on occasion when I was sufficiently drunk traded them. But they manifest themselves most clearly in shorter time frames. If you have read any of my aliases' posts, you know that I like ONE SECOND. A one second chart shows you what is REALLY going on so exquisitely that it makes my tongue hard. I compress mine to get several minutes across the screen. And a one minute compressed to show the whole day doesn't incite one to riot. It looks perfectly sedate, but has all the crucial detail a five minute lacks. Mikey.
 
Really? Two Bars is too complicated? Thats what we're talking about, 2 five min bars. 10 minutes? Thats too much?
 
BSAM. My blood brother. Come smoke the pipe of piece with me! I must say in Jack's defense that he is intensely thought provoking. Like when we were kids in kindergarten looking at "What's Wrong With This Picture?"

"Three fish in a tree?
How can that be?"

He does make this old perverted brain think. Like why don't I GET it? And WTF does Liz see in him? It is very much a Children's Crusade. No old farts here are Jackers. I guess we just can't muster the credulity one more time.
 
Jack spoke to Mr. Merchant about insurance very clearly. He chose the proper words and put them into coherent sentences. I could not believe I was reading grob

Yet when he speaks about trading....
 
Well, MOZ, you notice that the two bars was just the beginning. When I stated the two bars algorithmically (God I do love it rhythmically: "In a Gadda da Vida, baby, don't you know that I'm lovin' you?"), Jack got all huffy. You just wait until you see the REST of the rules, if he has the balls to post them. Done there, been that, the tee shirt is faded beyond all recognition, have the gimme cap on the top shelf of the closet gathering dust. I have no fucking idea why ET doesn't take me seriously.
 
Gem. Jack is a cagey old bastard. He is a master of NLP in the print medium. That is HARD to do. No visuals, no auditories, no kinesthetics. Just how you react to his words in your own sick little soul. I cry myself to sleep every night, and only avoid suicide because I am too drunk to remember that I wanted to end it. Read him carefully. He is GOOD. Were he ever to take me up on my offer to buy dinner for him and Liz in Tukson, I would wear my garland of garlic cloves, carry a silver ecclesiastical cross, and pour wax into my ears like Odysseus.
 
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