Let's take a practical example of the tetrahedron that we see constantly repeated in endless ET holy wars by likening it to the story of the 3 blind men and the elephant. The first blind man feels the tail and then walks round to the other end, feels the trunk and declares the market is like a snake. The second feels the side and walks round to the other side and declares the market is like a great boulder. The third feels one ear and walks round to the other side and declares they are both wrong for the market is like a huge leaf. Jihad breaks out with flailing white sticks when progress could be made if the three were to understand each others reasoning and test each others conclusions. The more What-If questions that can be answered the more blindness can be removed but the interesting thing is, most traders want to remain in their comfort zones. The psychology of traders is fascinating.
I have watched one adamant trader get banned because of his belligerence against anyone who disagreed that volume charts were the controlling influence in the market. He insisted time is the problem and must be eliminated but didn't understand you can't divorce the market from time - the color shifts are always there. Another trader insists Range charts are the best means of eliminating the problems of time and pace but thinks the emotional coloring is absent because he can't see candle signals. Still most traders are using Time charts while referring to the movement as Price Action when it is Time that moves the chart from left to right. The concept of trading time is therefore not developed.
Whether we realize it or not, we are all trading a conceptual model and the limitations of that model impose limitations on our intuition. Expanding the conceptual awareness of the known universe in any subject is the birthplace of great developments, but because it is hard to get off the hamster wheel and few are creative enough to take the leap ET tends to breed more wars that educational threads. But that doesn't have to be such a great issue if someone has invented the wheel that can help you make the breakthrough.
I'm here because I am looking for another piece of the jigsaw that would take too long for me to try and get to grips with so I will piggy back on some of MAESTRO's ideas.
I have watched one adamant trader get banned because of his belligerence against anyone who disagreed that volume charts were the controlling influence in the market. He insisted time is the problem and must be eliminated but didn't understand you can't divorce the market from time - the color shifts are always there. Another trader insists Range charts are the best means of eliminating the problems of time and pace but thinks the emotional coloring is absent because he can't see candle signals. Still most traders are using Time charts while referring to the movement as Price Action when it is Time that moves the chart from left to right. The concept of trading time is therefore not developed.
Whether we realize it or not, we are all trading a conceptual model and the limitations of that model impose limitations on our intuition. Expanding the conceptual awareness of the known universe in any subject is the birthplace of great developments, but because it is hard to get off the hamster wheel and few are creative enough to take the leap ET tends to breed more wars that educational threads. But that doesn't have to be such a great issue if someone has invented the wheel that can help you make the breakthrough.
I'm here because I am looking for another piece of the jigsaw that would take too long for me to try and get to grips with so I will piggy back on some of MAESTRO's ideas.