I was wondering if anybody else was going to pick up on that. I have to think it relates to those old school charts that use X's and O's to track price, but I'd love an answer from an expert.
The more you know , the less you know
- Thread starter Joe Ross
- Start date
I was wondering if anybody else was going to pick up on that. I have to think it relates to those old school charts that use X's and O's to track price, but I'd love an answer from an expert.
depends what you know to be honest. What happens is you end up surfing forums like elite and you come across a new technique which you think looks good but it ends up disrupting your original thinking process and your method.
But it's better to know what markets are doing than to be locked up in a 2 minute chart somewhere. For example in currency trading you have to pay attention to financial markets all around the world as well as economies and their performance so that you can best the path of least resistance for a currency or currency pair.
If you relied solely on technical analysis and you traded forex daily charts/weekly, you may be wondering why the hell JPY has been downtrending due to low interest rates to make it a borrowing currency for carry trade. And the dollar, you may be wondering why EURUSD has tanked, it's not necessaily Euro weakness but dollar strength + unwinding of carry trades after Dubai came out, plus US showed strong GDP growth of , what like 4.6% ? yeh, whilst britain had a measly 0.1%-signs britain isnt really recovering that much, might as well be 0%. Therefore you could say that britain's economy and the GBP has weak fundamentals due to slack economic growth, whereas USD is strengthening.
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But it's better to know what markets are doing than to be locked up in a 2 minute chart somewhere. For example in currency trading you have to pay attention to financial markets all around the world as well as economies and their performance so that you can best the path of least resistance for a currency or currency pair.
If you relied solely on technical analysis and you traded forex daily charts/weekly, you may be wondering why the hell JPY has been downtrending due to low interest rates to make it a borrowing currency for carry trade. And the dollar, you may be wondering why EURUSD has tanked, it's not necessaily Euro weakness but dollar strength + unwinding of carry trades after Dubai came out, plus US showed strong GDP growth of , what like 4.6% ? yeh, whilst britain had a measly 0.1%-signs britain isnt really recovering that much, might as well be 0%. Therefore you could say that britain's economy and the GBP has weak fundamentals due to slack economic growth, whereas USD is strengthening.
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Ever time I read these here intilekchual guru posts, I gets all mixed up.
Let's see; a man told me once that if A=B and B=C, then A=C.
So.....I reckun that the more I know, the less I know; must mean that the less I know, the more I know.
Yeah. That's how I always had it figgered. I always tried to tell Ma that I didn't need no schoolin'. Now I feel pertnear stoopid for studying this hear market biness all this time. Cause, it must be true; yep, the more I know, the less I know; and the less I know, the more I know, I reckun.
Y'all feel stoopid two?
(Excooze my spellin'.)
Let's see; a man told me once that if A=B and B=C, then A=C.
So.....I reckun that the more I know, the less I know; must mean that the less I know, the more I know.
Yeah. That's how I always had it figgered. I always tried to tell Ma that I didn't need no schoolin'. Now I feel pertnear stoopid for studying this hear market biness all this time. Cause, it must be true; yep, the more I know, the less I know; and the less I know, the more I know, I reckun.
Y'all feel stoopid two?
(Excooze my spellin'.)
The angles are actually broken into units of space and units of time, and these units are constant, just as a circle is 360 degrees regardless of size.
As I just explained to T-Dog, these angles are actually units of price and units of time.
A Gann chart is typically divided up into 8 units of price and 8 units of time. His master angle was one of 45 degrees, or 1 unit of price up and 1 unit of time across.
The next angle below it moves at one unit of price up and two units of price across.
Hilarious!!!!"The more you know, the less you know."
Doesn't work, because the conclusion it reaches is to "know less". That's why it really doesn't say anything.
It's like a sculptor - first you have to build a big blob of clay, then your time and attention may strip away the excess until a sculpture remains.
Building the blob is the "knowing". Stripping away the excess is the "understanding". Without making the distinction, the original saying is worthless.
Doesn't work, because the conclusion it reaches is to "know less". That's why it really doesn't say anything.
It's like a sculptor - first you have to build a big blob of clay, then your time and attention may strip away the excess until a sculpture remains.
Building the blob is the "knowing". Stripping away the excess is the "understanding". Without making the distinction, the original saying is worthless.
It is because of emotionalizing information and subjectivizing knowledge.
The result is confusion. Nothing to worry about. 95% of people are in that very same state. Processing information in ways required for achieving objective knowledge about the world takes a lot of very hard work, a brain capacity and a mix of skills very few have.