No.
- Spydertrader
... like a Hershey for Dummies? Yes - but not quite
- Thread starter eto
- Start date
No.
- Spydertrader
Same as in any other context.
A fractal is an object or quantity that displays self-similarity, in a somewhat technical sense, on all scales.
- Spydertrader
gabfly1, let me try as warmup
Fractals are the equivalent of Swings in more traditional trading vernacular. Difficulty for many with the use of the term Fractal is understandable because, in actuality, market swings are only fractal (in a mathematical, technical, or just plain eyeball sense) across a limited subset of timeframes and not all timeframes. The breakdown in âfractalcalityâ is really evident when looking at really long and very short timeframes, but there are also serious âdimensioningâ breakdowns between mid tier timeframe neighbors. For many barely fractal is hardly fractal, and for them the use of the term is inappropriate. If you have difficulty with the use of the term when you encounter it throughout the literature - just think Swingâ¦
Forgiving the (mis)appropriation of the fancy term can be accomplished because the principle of nesting doesnât not require the participant swings of the nesting to actually be properly fractal. A swing is a swing is a swing. Swings occur within swings within swings â whether they meet (either low or high) standards for being fractal or not...
(I need to confirm whether "nesting" and the "principle of nesting" are part of the nomenclature/vernacular of the paradigm before proceeding further...
)
Fractals are the equivalent of Swings in more traditional trading vernacular. Difficulty for many with the use of the term Fractal is understandable because, in actuality, market swings are only fractal (in a mathematical, technical, or just plain eyeball sense) across a limited subset of timeframes and not all timeframes. The breakdown in âfractalcalityâ is really evident when looking at really long and very short timeframes, but there are also serious âdimensioningâ breakdowns between mid tier timeframe neighbors. For many barely fractal is hardly fractal, and for them the use of the term is inappropriate. If you have difficulty with the use of the term when you encounter it throughout the literature - just think Swingâ¦
Forgiving the (mis)appropriation of the fancy term can be accomplished because the principle of nesting doesnât not require the participant swings of the nesting to actually be properly fractal. A swing is a swing is a swing. Swings occur within swings within swings â whether they meet (either low or high) standards for being fractal or not...
(I need to confirm whether "nesting" and the "principle of nesting" are part of the nomenclature/vernacular of the paradigm before proceeding further...
)No. They are not.
- Spydertrader
In market parlance, 'Swings' (As in 'Swing high' or 'Swing Low') refer to Price Points on a chart. However, that which defines a market fractal exists in the Volume Pane of a chart.
TIKITRADER posted a URL (within this thread) which links to more visulally oriented explanations.
HTH.
- Spydertrader
That's not for me to say, as I have nothing other than a nodding acquaintance, at best, with merely the definition of fractal geometry. A while back, I read Mandelbrot's The Misbehavior of Markets: A Fractal View of Financial Turbulence, and I don't readily recall his making a distinction regarding subsets. That was my only point earlier.
Hmm. Was your post directed at Spydertrader? Upon reflection, it appears that it was. However, my comment regarding subsets still stands.