Question for Grob/Hershey...
- Thread starter makosgu
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Quote from Stalker:
Nobody has tried to come up with an explanation of why trendlines exist. It´s a little strange not knowing why these patterns exists when we´re drawing them everyday
Someone´s sitting on the answer?
I do NOT believe "because everybody´s watching them" or something like that, that´s for sure, but I haven´t really figured it out either. I believe it´s a reflection of human behavour or some kind of mechanism in the market. Pretty vague, I admit.
Does anyone have a theory? Read anything about it?
/Stalker
Stepping out of my lab for a few weeks (ie. back for a bit). Good stuff all around. For the benefit of the group, I am gonna try and schedule some time to sit down with Grob109 for some side by side action. We chatted (over the phone) for a bit last week and he has really been encouraged by what's happening here. To say the least, things are quite hectic for Grob (ie. his biz paradigm, health, etc.). I will reach out to him today/tomm to see what if any time would work for him where I could fly out to meet him for some 1-on-1. Presumably, an hour or two here and there would be ample just so that I can get the drills down and unload them here. For a good bit of time, I've been staring at the stretch squeeze stuff. I am fairly comfortable with each aspect independently. Overlaying all of them is the area I'm working on getting in tune with (ie. sweeping). I've got a sheet which I will move into a more widely used TWS format so that perhaps some of the more advanced folks can take a looksee at the str/squ stuff. It is a few tunings short of automatic calibration.
So to the channels.... and trend lines... (which we still annotate asap at all times, myself included)
I somewhat liken them to a continual tug of war. The handle showing the current close is the flag on the rope being tugged. The side with more tuggers influence the flags movement. Although I would try and expand a bit, it would largely be a guess and therefore it is inappropriate. I do find the Q to be fair since why not exhibit more sinusoidal characteristics as opposed to linear characteristics. Rather than jump into some sort of long winded post, is it that there is concern that this will not always be the case? There are some things I would just like to point out. Grob's experience is 50 years +, meaning this has been consistent since. I regard the experience much like Boeing vs Airbus building planes. Boeing has a much longer experience of building planes of many types. That is to say that they have a rich and vast experience/expertise of what is what in aerodynamics (ie. fundamentals)...
I see some rocket/iceberg postings as of recent. I'd like to point out some comments there and things to be conscious of...
Allow me some time to catch up.... The cronies have left my PM alone, finally!
MAK! (back
)hey mak, nice to see you!
no, i definitely don´t think trendlines gonna stop to work, since they´ve always been around. I just don´t get how there can be valid trendlines from bar-to-bar level up to daily level. Support/resistence as horizpntal price levels is more logic to me, easier to grasp. I´m just intrigued, thats all...
/Stalker
no, i definitely don´t think trendlines gonna stop to work, since they´ve always been around. I just don´t get how there can be valid trendlines from bar-to-bar level up to daily level. Support/resistence as horizpntal price levels is more logic to me, easier to grasp. I´m just intrigued, thats all...
/Stalker
Quote from Stalker:
hey mak, nice to see you!
no, i definitely don´t think trendlines gonna stop to work, since they´ve always been around. I just don´t get how there can be valid trendlines from bar-to-bar level up to daily level. Support/resistence as horizpntal price levels is more logic to me, easier to grasp. I´m just intrigued, thats all...
/Stalker
When I tried explaining this to a few buddies, I had to step into there shoes and unwillingly use support and resistance as RTL and LTL. In other words, S&R were dynamic diagonals as opposed to dynamic horizontals (ie. steps or like the game of pong where price just bounces between a support and resistance opponents). Presumably, it is a matter of what experience you have already had. Well not to get too far ahead, but the reason behind the several fractals is a compounding of compounding. You'll have to pardon me but very very early on in my endeavors, I saw the many levels of potential that existed extremely rapidly. What I didn't have was what to apply to realize such potential. I have always been quick to understand and grasp what potential exists (ie. see the whole nine yards or at least 7 of it). However, getting there is what requires effort which is largely a function of your EQ and a bit of IQ. We look at IT/ST/LT because of their harmony. There is a reason why the term fractal is used and it is very appropriate. If one were to take several different bar period charts and scale the bars to the same appearance, the patterns would all be similar if not the same. The only unapparent difference would be the time scale units (x) and bar scale units (y). OK, so you may not find a cup and handle on a 5 min bar. The big picture is to run independent accounts in each fractal and SCT them concurrently. To know that this is possible, a belief is required that fractals all behave similarly such that a M.A.D. can warrant Action across all fractals.
MAK!
You don´t have to pardon yourself, the market has already explain to me in clear words that I´m not as bright as I thought I was
I look at trendlines exactly in the way you explain, like s/r at a different angle. It´s the only way I can understand them at this point. It´s not that I really "get it" though, but more like of a model of thinking for me.
I look at trendlines exactly in the way you explain, like s/r at a different angle. It´s the only way I can understand them at this point. It´s not that I really "get it" though, but more like of a model of thinking for me.
Welcome back Mak!
Moz, mgin, thanks for your commentary earlier - it helped to solidify things just a bit more for me.
I love this comment "I look for no possibility to continue not no possibility to wash."
Or - the focus is on being able to continue to make money. When you are unable to continue making money, it's time to pocket your money and do something else.
Anthony
Moz, mgin, thanks for your commentary earlier - it helped to solidify things just a bit more for me.
I love this comment "I look for no possibility to continue not no possibility to wash."
Or - the focus is on being able to continue to make money. When you are unable to continue making money, it's time to pocket your money and do something else.
Anthony
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