the trend is up, market has bottomed.
- Thread starter lundy
- Start date
I figured out this thing once having to do with options and shit. And then I read about these guys named Black and Scholes who I think copied my ideas. Assholes.
I do all the other theories, but also Swahili Theories. I find then very useful for when a gap down doesnt fade, on a Fed announcement day that preceeds the 2nd triple witching of the year when the bond yield curve is inverted. Oh yeah, but it only works if you're going short. I guess thats why Lundy doesnt know it.
I do all the other theories, but also Swahili Theories. I find then very useful for when a gap down doesnt fade, on a Fed announcement day that preceeds the 2nd triple witching of the year when the bond yield curve is inverted. Oh yeah, but it only works if you're going short. I guess thats why Lundy doesnt know it.
Originally posted by darkhorse
True, I don't know about it...nor does any successful trader I know of, nor any successful trader I have ever heard of. That is precisely why I'm so curious and would like to hear more. I'm not trying to be a smartypants or a heckler, just being honest.
If you wanted to provide a detailed account of your reasoning, a little background would be cool (I'm fond of explanatory posts, even if they get a little lengthy now and then).
But like they say, if ifs were a fifth we'd all be drunk....
rock on
p.s. i agree that the market is essentially a mathematical hypothesis and that the riddle can be solved, else I would not be a trader. I just don't think chaotic systems are neat and tidy enough to ring a bell on the turns.
Ok, i'll give a few hints at where to start.
chinese theories: five elements & yin/yang
mechanical theory: levers
chaos math: "a butterfly in China flaps it's wings and a hurricane hits Florida" .
elliott theory: what does a wave look like?
fibonacci theory: its only variables.
Sir, you seem quite fond of pointing out that you have no opinion on the market, and place your trades thus - on the "here and now". Usually accomanying such a comment is the a point about a chart only representing what has happened, and that looking at a chart somehow automatically forces one to have an irretractable opinion on what is going to happen.
Given some of your comments about charts at your one week in Vegas that I recently attended, I am starting to believe you have totally missed the point about charts. In vegas you made a comment that said something like you showed a chart to 5 or 6 "chartists" and that they all gave you a different opinion on where that market was going. WOW. That is somehow supposed to discredit charting?? Please!
Since you are so fond of the "here and now" of "tape reading", let me point out to you that when _I_ look at a chart (as i do when i trade) i am also SOLELY concerned with what is happening now. (what do you think I am concerned with? what happened 20 minutes ago?) I simply look at the hard right edge of the chart. Tell me, how in the world is this different from looking at the "tape"?? A chart, when used in this manner, has the ADVANTAGE of also telling you how that stock has traded so far today. This is NOT being "bogged down" with information, contrary to what you might say.
On the matter of opinions: as has been stated by lundy (i think) just because you and I trade on very short time frames, sometimes less than a minute (if i'm wrong) you DO still have an opinion on the direction of the market for that small amount of time. You are reading your tape, you see something that tips you off, you place an order. So, for that short period of time, you believe that your desired outcome is a possibility. I can't see how this is not having an opinion.
I'm not the first to make these points as a reply to some of your assertions Don, the reason I am making them is that I'd like an answer. I'd like to hear your informative opinion, not some congenial response like, "come on guys, let's just focus on making money" - i AM focused on making money, which is why I'm asking you.
Given some of your comments about charts at your one week in Vegas that I recently attended, I am starting to believe you have totally missed the point about charts. In vegas you made a comment that said something like you showed a chart to 5 or 6 "chartists" and that they all gave you a different opinion on where that market was going. WOW. That is somehow supposed to discredit charting?? Please!
Since you are so fond of the "here and now" of "tape reading", let me point out to you that when _I_ look at a chart (as i do when i trade) i am also SOLELY concerned with what is happening now. (what do you think I am concerned with? what happened 20 minutes ago?) I simply look at the hard right edge of the chart. Tell me, how in the world is this different from looking at the "tape"?? A chart, when used in this manner, has the ADVANTAGE of also telling you how that stock has traded so far today. This is NOT being "bogged down" with information, contrary to what you might say.
On the matter of opinions: as has been stated by lundy (i think) just because you and I trade on very short time frames, sometimes less than a minute (if i'm wrong) you DO still have an opinion on the direction of the market for that small amount of time. You are reading your tape, you see something that tips you off, you place an order. So, for that short period of time, you believe that your desired outcome is a possibility. I can't see how this is not having an opinion.
I'm not the first to make these points as a reply to some of your assertions Don, the reason I am making them is that I'd like an answer. I'd like to hear your informative opinion, not some congenial response like, "come on guys, let's just focus on making money" - i AM focused on making money, which is why I'm asking you.
Originally posted by Don Bright
Why not simply look at the S&P futures like everyone else? That way you can sleep at night....we like gaps in the morning, and yet we play the openings whether there is a gap or not.
(Again, not trying to rile you, I guess I'm just too lazy to get involved in all of that "thinking" )..
Don
Don, I do both. Whats wrong with that?
I have lots of different setups, the gap play is one of them. Its called diversity.
lol, lundy, you keep adding fuel to your own fire. you must be a true genius.
For his next trick, lundy is going to invent the wheel. 
Dude, it's great that you have such insight into markets that you have been able to discover the same theories of others (without knowing it). Seems like a waste of time to me though.
A quote i heard that i don't know who to attribute to: (goes something like) "Mankind, unique among creatures in his ability to learn from the experiences of others, is also surprising, in his apparent disinclination to do so."
Dude, it's great that you have such insight into markets that you have been able to discover the same theories of others (without knowing it). Seems like a waste of time to me though.
A quote i heard that i don't know who to attribute to: (goes something like) "Mankind, unique among creatures in his ability to learn from the experiences of others, is also surprising, in his apparent disinclination to do so."
God forbid if anyone actually dared to anticipate market direction for more than .10 at a time (gasp!). And on that god-awful nasdaq market! I mean, jeez, that would fall under *trading* wouldn't it? Like using ur head and taking some risk -- yuck!!!
ps -- what exactly do they do at Bright, fish for change until 9:45 then spend the rest of day posting in here?
ps -- what exactly do they do at Bright, fish for change until 9:45 then spend the rest of day posting in here?
Originally posted by daniel_m
For his next trick, lundy is going to invent the wheel.
Dude, it's great that you have such insight into markets that you have been able to discover the same theories of others (without knowing it). Seems like a waste of time to me though.
A quote i heard that i don't know who to attribute to: (goes something like) "Mankind, unique among creatures in his ability to learn from the experiences of others, is also surprising, in his apparent disinclination to do so."
I discovered the true applications of those theories. No one else in the universe knows about them except for me.
