Trend Question (examples)

[lovethetrade]

Nothing new here..just plain old TA stuff..so..why is it then..that..so many still get it wrong when they try!!

It's because everything is simply damage control unless you know how the game is played.

 

[Jeffro72]

No thank You.. absolutely no need to delve into fractals..or any such stuff that really has no substance in relation to successful trading or investing!

"there can be more value in the blink of an eye, than in months of rational analysis"

A would be trader / investor would do well to get a pair of reading glasses with the above quote etched on the inside of each glass..just to make sure he/she does not forget it!

"to be or not to be, that is the question"

Is it better to be dead..or alive..in the markets..it is always better to be alive

The market is indeed fractal, but that doesn't mean we have to be intimidated, or even acknowledge it. It's just like saying everything is made of atoms. Sure it is, but we don't need to know the inner workings of atoms to use things.

 

[MrScalper]

I'd like to answer that later when I have more time. So for now I'll just write what one of the world's greatest traders once said:
"There will always be trends in the markets as long as there are people who can't read them".


Learning all you need to know about TA over the weekend, or studying TA from a comic book would certainly be two of the main reasons. In addition, just as some people are poor at learning foreign languages, or playing board games, TA can be tough for some.

Studying TA from textbooks for a prolonged period can also be a valid reason!

 

[MrScalper]

It's because everything is simply damage control unless you know how the game is played.

You will have to be more specific..as most find it hard enough to even grasp the basics of what is required before risking money in the financial markets!

 

[MrScalper]

The market is indeed fractal, but that doesn't mean we have to be intimidated, or even acknowledge it. It's just like saying everything is made of atoms. Sure it is, but we don't need to know the inner workings of atoms to use things.

If you would like to present any proof..or facts..then please go ahead!

 

[Jeffro72]

If you would like to present any proof..or facts..then please go ahead!

Well, more of an observation. Similar to the side of a mountain. Mountains rarely have a perfectly smooth gradient from the bottom to the top. It's more of an up/down group, with the ups being a little more or steeper than the downs, which ends up being an overall up slope in the end. If you zoom in or zoom out, you see roughly the same thing. That's what a fractal is in a way.

 

[MACD]

Well, more of an observation. Similar to the side of a mountain. Mountains rarely have a perfectly smooth gradient from the bottom to the top. It's more of an up/down group, with the ups being a little more or steeper than the downs, which ends up being an overall up slope in the end. If you zoom in or zoom out, you see roughly the same thing. That's what a fractal is in a way.

Brilliant.

 

[Traderjohnsblog]

Well, more of an observation. Similar to the side of a mountain. Mountains rarely have a perfectly smooth gradient from the bottom to the top. It's more of an up/down group, with the ups being a little more or steeper than the downs, which ends up being an overall up slope in the end. If you zoom in or zoom out, you see roughly the same thing. That's what a fractal is in a way.

Very well put. I have to remember to use that example.

 

[murray t turtle]

For example

https://www.tradingview.com/x/NWigWNhP/ < This is an uptrend.

https://www.tradingview.com/x/ZawQeW0e/ < However this is a downtrend on lower time frame. I can short since I trade on lower time frame like hourly, but where do I know when to stop shorting?

%%
Best way is plenty of chart study+ profit + loss Many would call both of those uptrends; but you may find my first sentence helpful anyway.,

 

[bone]

It's pleasant to throw nouveau descriptive terms like "fractal" around. Neural Networks was all the rage a decade or more ago. Has anyone used fractals to make money in markets ?

Btw, I buy into machine learning in terms of exploiting markets. Fractals from a practical application standpoint less so.