Quote from rcanfiel:
Quote from ProfLogic:
Snowflakes and ocean waves are perfectly random, unique and no two are alike but yet we can determine absolute consistencies in each. You can only wish you knew as much as you think you know.
No they are not perfectly random. Pretty much all snowflakes are 6-sided, similarly sized at a certain point in a snowstorm, white, made out of water (ice), relatively pure, moved by wind in similar fashion, slow descent due to their large area by the air, and other factors. The only random thing is that each tends to have a slightly different crystalline pattern. There are similar characteristics of waves, also.
... A "trend" is not something interjected into the market but a product of the movement in a particular chart of a particular market.
Huh? A trend is the directional aspect of the market due to its reaction to many underlying aspects, from expectations to trading activity and to those that are indexes, from the individual companies making it up. Markets are not people, they do not care about the existence of charts.
Hey you can get a job rewriting all of the biology textbooks because they all state that no two snowflakes or ocean waves, are alike. No, snowflakes are not predominately 6-sided. No, they are not similar in size, (largest recorded is about 10 inches across). No, they are not relatively pure (they contain the same impurities as the moisture that created them). Ever heard of acid rain? Well there is acid snow too. Yes, there are consistencies within both snowflakes and waves but that is exactly what I said. If you concentrate on what is consistent then you can create consistent patterns. You prefer to argue just for the sake of arguing.
There is more than one definition to the word "Trend". dictionary.com gives 6:
trend /trɛnd/ Pronunciation Key - Show Spelled Pronunciation[trend] Pronunciation Key - Show IPA Pronunciation,
ânoun 1. the general course or prevailing tendency; drift: trends in the teaching of foreign languages; the trend of events.
2. style; vogue: the new trend in women's apparel.
3. the general direction followed by a road, river, coastline, or the like.
âverb (used without object) 4. to have a general tendency, as events, conditions, etc.
5. to tend to take a particular direction; extend in some direction indicated.
6. to veer or turn off in a specified direction, as a river, mountain range, etc.: The river trends toward the southeast.
Trends ARE directional MOVEMENTS of the market. They become aspects to those that are unable to strictly define them. If one can strictly define them then there is less need to have an expectation related to them. We as traders, do not trade trends, if we can strictly define "trend" then we trade price as it moves inside the trend of a particular market on a particular chart. You are correct as well, the markets absolutely do not care about charts, trends or even us.
We, as traders, care about only creating an edge for ourselves and part of my edge is my ability to strictly define the trend of every chart I trade. I don't trade that trend but those individuals chart trends tell me the overall directional strength of the movement of price for a single chart at a time. To me that is huge. To you maybe that would be worthless. Cool, then you trade your way and I trade mine but until you sit down and ""SEE" what I do your opinion regarding what I do is just an opinion based on an assumption and holds as must water as your statements on snowflakes and ocean waves listed above. Reminds me of someone that told me once that the formula for Coca Cola was patented.
