Do you believe in the fractal nature of the stock market?

[syswizard]

Everyone knows that patterns repeat, just as everyone knows what habits they have - there is nothing magical or mystical about it, it is common sense!

What becomes apparent to those who stay at it. is that, some patterns work better than others, and, some times are also better than others!

Choosing the best pattern, and the best time, is a personal choice, and is but one important step to becoming a consistent profitable trader.

The biggest obstacle -and this is not just my opinion, as big financial houses spend millions of $'s trying to improve same - is the psychological makeup of the trader.

Until you really believe and understand this, then do not expect to make any real progress at trading, for YOU will not, that is a guarantee.

It really does not matter if you use fractals, squiggly lines, volume spread analysis, or complicated spreads - if your mind is fuked up then you are just pissing against the wind, and believe me, I know what I am talking about!!!!

The "holy grail" is, and has always been " within" - power and money has led men to do terrible acts in the name of "whatever you want to call it " - but once you open your mind to the facts, then the reality is there right in front of you, as the saying goes, " as plain as the nose on your face".

If you really want to become a successful trader, then the first step is "awareness" - after that it gets much much harder

J_S

J Smith - where are you getting all of this information that you have posted throughout this thread ?

 

[J_Smith]

J Smith - where are you getting all of this information that you have posted throughout this thread ?

SD, is that a specific question, or is there some aspects of what I post that you find more interesting than others.

Taking a leaf out of Donald Duck's book..the "unknown unknowns", in relation to trading we have the "common commonalities"!

Would you like to see an abstract from a Gann book that contains "unpublished information" ?

J_S

 

[syswizard]

SD, is that a specific question, or is there some aspects of what I post that you find more interesting than others.
J_S

Where did that blurb on time-frame scaling come from ?

 

[syswizard]

Running the stops is when a trader (or group of traders) anticipate that this scenario will unfold at a price level and they push trading to that level to trigger these stops. Their strategy is to hold a position in the prevailing direction and when the market spikes in that direction to let the stops run their course and then close out their positions when the speed of the movement slows down or stops thereby maximizing their profits.
UQ

This should be easy to backtest, no ? Using market profile for support and resistance levels or pivot points ?

 

[J_Smith]

Where did that blurb on time-frame scaling come from ?

If you mean this blurb, all I will say is that a lot of money was paid by someone to deliver it to an audience of large size traders!

J_S

 

[syswizard]

If you mean this blurb, all I will say is that a lot of money was paid by someone to deliver it to an audience of large size traders!

The more important statement was the one about separating the patterns caused by random price action from "real" supply and demand..

 

[J_Smith]

The more important statement was the one about separating the patterns caused by random price action from "real" supply and demand..

Plenty supply and demand here for such a low priced stock!!!

The mad head is telling everyone to sell, funny how these guys seem to always change their mind like the wind - I can never understand how anyone can take those people seriously, but then again, the say one is born every minute

J_S

 

[syswizard]

Wow, what a move down. I'd say we should be seeing some short-covering soon.

 

[nitro]

"A fractal is a never-ending pattern. Fractals are infinitely complex patterns that are self-similar across different scales. They are created by repeating a simple process over and over in an ongoing feedback loop."

"Fractal patterns are extremely familiar, since nature is full of fractals. For instance: trees, rivers, coastlines, mountains, clouds, seashells, hurricanes, etc"

I believe in the fractal nature of the stock market.

It's important because it means the same patterns exist over all time patterns.

Once you learn some patterns, you can find them in all time frames.
So you can choose what time frame is the lowest risk for you.

It is sort of the wrong question, imo. I think the more accurate question to ask is, do you believe in the emerging techniques of nonlinear time-series analysis, of which fractals are only a small part.

The answer is a resounding yes.

 

[syswizard]

Ido you believe in the emerging techniques of nonlinear time-series analysis, of which fractals are only a small part.

I absolutely agree with this.