Ok but the graphical representation can have many overlaps as tick data comes in and effectively "draws" the bar..up and down...down and up...until the close of described bar.
[POLL] Are Bullish and Bearish Day Trading patterns Unique OR Similar ?
- Thread starter rajesheck
- Start date
Yes WTF do I have to do with this?. I simply liked a post of his where he basically said you are not that important to the market. Don't think your methods are all that secret like no one has discovered them aND that even explaining them would likely not result in a difference in your trading experience or profit. Do you think because Buffet describes how he invests and I have (as many others have) read Bill Grahams book on investing and calculating business valuation that I can invest like Buffett?? No. Because we don't all trade or invest or see things the same way no matter what.
So I liked his post? Do I scare you? I must because you seem to have made it so I can not see your posts. Comical....I guess you have even more to hide. Or more than likely just insecure.
Good LUCK to you sir.
We see (our eyes see) the SAME thing in the visual representation of these two bars unless one of us has chicken crap in the eyes. So, this is what i mean by seeing the same data represented by the bars. I am not talking about ma crossovers or trendlines..etc. I am just referring to the shape (range..wicks...bearish..bullish etc..) of the bars which represent the mathematical ticks. So, looking at this conglomeration of tick data how do you extract the useful data from them and extrapolate that into the future? Does the MANNER in which the ticks ticked into place and formed the bars have anything to do with the future probability of further price strength in the next move? Directional and strength? See the example.
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A chart represents both numbers and patterns. Both are equally important for a person who reads chart. The patterns are additional information. If you ignore patterns then you are ignoring some additional info. It may not be important for you. For a chart reader both numbers and patterns are vital. The 50% of mass psychological is hidden inside the patterns.
The two candles form a pattern and can give a scalper an idea of what to expect next. But it has no meaning for a trend trader. A trend trader needs a pattern of big picture.
Both numbers and patterns clubbed together give a holistic bird's eye view of the market pulse whether it is short or long timeframe.
Pattern reading adjoined with sensitivity to numbers is an edge over pure math model.
If I ignore one of them(patterns or numbers), then I am ignoring HALF of the MAP.
Trading is a blend of art(patterns) and maths(numbers).
Any art is a skill. Trading is a business skill of reading numbers and patterns.
Business is certainly not pure maths. Psychology is blended with maths in any business including trading. Market sensitive information are grasped by business people in the form of numbers PLUS patterns.
First challenge for traders is to recognise trading as business. Second challenge is to understand what business skill is all about.
Any business is fundamentally an art of reading the numbers and patterns.
If business can be understood with pure math model then mathematics would be the best businessmen on this earth. Is that the case ?
Are there business firms running in auto pilot mode? If none exists what makes us think that trading can be automated effectively ?
We can succeed as a trader with pure maths model also. Time taken to learn and efficiency of trading will be affected.
I call it as swimming with bicycling skill. It can work. Efficiency? Learning curve? Amount of Effort?
Dont believe me at all. If you have genuine intention to learn trading then talk to a dozen business people in your locality. They will reflect what i am saying. My cousins are wholesale dealers for two generations. I know trading is an art.
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... mathematicians would be the best businessmen...
I don't care what other people think. I told that I like a simple life, so I don't want and don't care to proof anything. It is clear that some people read carefully what I post without any remarks as long as they think they might be able to steal knowledge they miss. But as soon as it is clear that they will not become wiser at all, they try a different strategy: insult people and try to hurt their ego in the hope that the reaction would be: I will proof...
They cannot hurt my ego,my ego was already destroyed over the years by the markets.
Well they will get frustrated for the second time, and can eat their hat again.
Did you notice how tso posters where silent till the moment I told I would share nothing. And then suddenly they were not silent anymore. Hilarious. Ultimate proof that they are even missing the most essential knowledge to be able to trade. LOL.
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Doesn't change anything, it stays mathematical. Remove the ticks, they are without any doubt mathematical as they are numbers. What is left that you can use to trade on? Only the time?
You see candles and probably they give you information. I see two strange things that contain no information at all for me. I don't know what candles are. So we see two different things. Seeing means more than a graphical observation. If people say: do you see what I mean? It is not about visual, it is about understanding something. You understand candles, I don't. So we see different things.
The formation of these candles are completely irrelevant to me. The order of the ticks coming in is relevant to me, as well as the flow of data in relation to the timing of the flow.
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What has this to do with trading? Nothing.
The fact that there is no 1 on 1 relation between math and businessmen proofs what we see in real life about businessmen.
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people
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