Predicting is ***Unavoidable***

[Lamont_C]

Quote from KPCURRENCY:

Wrong. It is about what the market IS doing.

Now here is something more for you to berate me about:

There is a certain natural law of motion at work here.

Bodies have inertia; that is , they tend to keep on doing whatever it is they're already doing, unless some force acts to change them.

If a body is at rest, it tends to stay at rest. If a body is moving, it tends to keep moving-in the same direction and with the same velocity that it already has.

"Einstein referred to this as "laziness". That is, a body tends to do what is the laziest thing possible-and the laziest thing possible is to continue do whatever it's already doing....", Wells Wilder, Adam Theory of Market, P. 56.

The market works the same way (we are talking about natural laws here). IT TENDS TO KEEP ON DOING WHATEVER IT'S ALREADY DOING". If it is going up with a certain velocity it will tend to keep on doing that unless some force (buying or selling pressure) causes it to accelerate or decelerate. This is also true if it is going down or sideways.

THEREFORE THE MOST IMPORTANT THING IS TO UNDERSTAND WHAT THE MARKET IS DOING NOW.THIS IS THE "IS", NOT THE "HAS BEEN".

p.s. Water freezes at a certain temp. This is a law of nature. It is not a pridiction when it is cold to say the water on the ground will freeze.

You're internally inconsistent. Caps or no caps, "already doing" is no different from "has been doing". And "tends to keep on" implies prediction, regardless of the term used. Otherwise, there's no point in looking at the "already doing" and the "tends to". Quoting a book doesn't add any weight to your proposition.

LC

 

[rtstrading]

THEREFORE THE MOST IMPORTANT THING IS TO UNDERSTAND WHAT THE MARKET IS DOING NOW.THIS IS THE "IS", NOT THE "HAS BEEN".

There is an IS because there has been a HAS BEEN, and there is a WILL BE because there has been an IS. Got that :eek:

ie The only way to trade from an IS is to know the HAS BEEN, since the HAS BEENS determine the IS. Believe me you are taking into account the HAS BEENS when in the IS.

and don't call me a "Has Been".

Bob

 

[KPCURRENCY]

Quote from Lamont_C:

You're internally inconsistent. Caps or no caps, "already doing" is no different from "has been doing". And "tends to keep on" implies prediction, regardless of the term used. Otherwise, there's no point in looking at the "already doing" and the "tends to". Quoting a book doesn't add any weight to your proposition.

LC

One is in the past and one is in the present tense. One is in the moment.

One focuses on the here and now, the moment.

To understand the laws of motion is not to predict them. As a trader we focus on the Process (the NOW) and let the future unfold as it will.

If a market is rising there are three options:

1. GO SHORT. This makes little sense as the market is making higher highs . Why Stand in front of the train?

2. STAY OUT. Again, not the best choice. Markets that are trending offer the retail trader a partial portion of their edge generally speaking. Hence if there is a trend, why would one want to not be in it?

3. GO LONG. If the current course of the market is up, then going long is the best choice. Markets, like planets, tend to keep on doing whatever they ARE doing. BUT THE BEST OPTION IS TO BE LONG NOW, BECAUSE PRICE IS RISING. THE FUTURE IS UNKOWN AND NOT KNOWABLE.

Getting in tune with the market is letting go. It is surrendering to the way things are, not as they should be.

 

[nzbryant]

Quote from kiwi_trader:

Many prices are not financial.

It will be interesting to see how you and PointOne feel about all this in a couple of years if you are still trading (real money). Feel free to remind me in 2009.

Come on Kiwi (fellow Kiwi). What do you do that is so superior to what JH does?

 

[Hombre]

Quote from KPCURRENCY:

To understand the laws of motion is not to predict them.

You are making no sense . Newton's laws are predictive, dynamics are pretty straightforward as to what is going to happen if specific conditions are present .

 

[taowave]

This thread threatens to bring Elite Trader and its loyal following to a new level of absurdity..

11 pages of varying opinions if Trading involves Predicting???


Main Entry: pre·dict
Pronunciation: \pri-ˈdikt\
Function: verb
Etymology: Latin praedictus, past participle of praedicere, from prae- pre- + dicere to say — more at diction
Date: 1609
transitive verb
: to declare or indicate in advance; especially : foretell on the basis of observation, experience, or scientific reason

just because one reads Douglas books,or sits in seiza and meditates,or takes an ashtanga class and chants will not ,nor ever change the fact that

Trading>>Predicting is***Unavoidable**

 

[Lamont_C]

Quote from KPCURRENCY:

One is in the past and one is in the present tense. One is in the moment.

One focuses on the here and now, the moment.

To understand the laws of motion is not to predict them. As a trader we focus on the Process (the NOW) and let the future unfold as it will.

If a market is rising there are three options:

1. GO SHORT. This makes little sense as the market is making higher highs . Why Stand in front of the train?

2. STAY OUT. Again, not the best choice. Markets that are trending offer the retail trader a partial portion of their edge generally speaking. Hence if there is a trend, why would one want to not be in it?

3. GO LONG. If the current course of the market is up, then going long is the best choice. Markets, like planets, tend to keep on doing whatever they ARE doing. BUT THE BEST OPTION IS TO BE LONG NOW, BECAUSE PRICE IS RISING. THE FUTURE IS UNKOWN AND NOT KNOWABLE.

Getting in tune with the market is letting go. It is surrendering to the way things are, not as they should be.

You exhibit a fundamental misunderstanding of what it means to be in the moment. You aren't "surrending to the way things are"; you're surrending to the way things have been.

LC

 

[nitro]

Quote from Lamont_C:

You exhibit a fundamental misunderstanding of what it means to be in the moment. You aren't "surrending to the way things are"; you're surrending to the way things have been.

LC

I see what you are saying, and there is a very very subtle difference between being in the moment and acting on the moment (predicting, but using unknown brain functions to predict), and being in the moment and acting on the past through probabilities (mathematical prediction).

If you can make money trading this way, more power to you. But you will "never" codify how you make decisions, and it depends on which side of the bed you get up from.

nitro

 

[Lamont_C]

Quote from nitro:

I see what you are saying, and there is a very very subtle difference between being in the moment and acting on the moment (predicting, but using unknown brain functions to predict), and being in the moment and acting on the past through probabilities (mathematical prediction).

If you can make money trading this way, more power to you. But you will "never" codify how you make decisions, and it depends on which side of the bed you get up from.

nitro

If by "you", you mean me, I don't know what you mean by "this way". In any case, unless KPC is displaying only a single tick on his trading chart and no other preceding prints, and has consulted no charts of any kind before the beginning of the trading day, I suspect he is at least somewhat influenced by what has been.

LC

 

[El OchoCinco]

I predict this thread has no point or end .

Sorry.... it was unavoidable...