Why a traditional tecnical analyst cannot trade

We tested yesterday the yellow at 9563 which is on lower scale 9568.94 see the pic on http://www.elitetrader.com/vb/attachment.php?s=&postid=328311)
the high of the day was two points above (real top at 9570) which is the normal expected error so even on FOMC day the model is robust we went to the max theorical retracement on this scale (but on hourly scale it is not the max). this is a backwardation in past on daily scale, on hourly scale there was a first zone around 9620/9630 on past forecast that hadn't been made yet (I don't remember exactly). There is even a second zone after but let's do with the first zone only. In genral lower scale is noise volatility "engine" for upper scale. Lower scale operators can trap upper scale operators (as the day BEFORE FOMC as I would show it later on if I think to do it) but upper scale can also trap lower scale (it is the case of FOMC day again I will show it some day) that is to say one is kind of prey for the other and reciprocally.

Quote from harrytrader:

We have bounced as expected on 9370 (although not totally reached on spot since we stopped at 9380 instead it was reached on future) and this consolidation corresponds to the expected consolidation of 9405 on UPPER scale (WEEKLY) - chart I posted well before on 4th September see http://www.elitetrader.com/vb/showthread.php?s=&threadid=21762&perpage=6&pagenumber=3

Current update of the STATIC analysis of weekly scale not daily scale (and I won't surcharge with the DYNAMIC analysis):
<IMG SRC=http://www.econometric-wave.com/consolidation_on_weekly_scale.gif>

Comment here:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=21762&perpage=6&pagenumber=5
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Example of confirming dynamic analysis by static analysis: the high we made on Friday (dynamic analysis) was in fact backwardation in price and time of the past date of 3th September (static analysis). (it's an image because I just lazily make a screen copy of part of homepage :D)

<IMG SRC=http://www.econometric-wave.com/new_highs_year2003.gif>
 
Illustration of duals - and also what I call feynman-like effect (truncation of a branch by anticipation of the branch in the future)

<IMG SRC=http://www.econometric-wave.com/dual_and_feynman_effect_dji_240903_for_250903.gif>

Quote from maxpi:

What is meant by the "dual"?
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Feynman effect (truncation phenomena) in fact is very frequent. Thursday's calculation for Friday was giving this: you can see that the pic of 9360.95 was truncated by the Feynman LT (LT=Local Top) of 9356.44 theorically, and the low of 9299.6 truncated by the Feynman LB (LB=local Bottom) of 9322.22. I also give Camarilla and probability zones as for comparison and possible strategies.

<IMG SRC=http://www.econometric-wave.com/feynman_effect_dji_250903_for_260903.gif>
 
See how consistant the Feynman-like effect - see above threads - is (below is today's session). In fact this effect is essential for understanding how market cycles in this model (I will talk more in details one day about cycle, the nature of time associated with an internal clock of market, the symetry and reversibility of the arrow of this time - whereas the physical time's arrow is irreversible of course "due" to Entropy's Law).

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=346312>
 

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Harry, it's nice that you're successful with your system, but you haven't explained any of this enough to make it tradeable or useful for any of us - or did I miss it? Did you explain how you arrived at your actual figures?

So far, I get the idea you'd like to sell us your system, or send you our money to trade for us, because I don't think you've given enough information to allow us to replicate your results with any reliability.

I mean no offense, I am wondering what you're trying to accomplish.

And I'm also still hoping for a conclusion to your thread on banking, governments, and freemasons when you get time. I was excited for the big conclusion, but it never happened.
 
How I arrived at these figures I said it: it is through an econometric model with EQUATIONS (see the homepage). You know that these equations are normally looked all over the world by Nobel price candidates you don't expect me to tell them do you ??? :D. The results are calculated 24H in advance and the Feynman LT (local top) and LB (Local Bottom) are also added automatically. You don't need to send money since I didn't ask you to do - you cannot even subscribe since I said that it is now closed. Do you think that I will run after a few hundred dollars whereas the stuff has cost me hundred of thousand dollars to pay an engineer to program the stuff - notwithstanding my own salary I don't even take into account ? You're convinced or not it's your right, I post what It amuses me to post, this or anything else. I am particularly amused to see reactions like yours: as I said in the thread "why do you post on elite" I'm looking for opposition because opposition leads to movement in my lazy brain :).

For latest day here it is:

<IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&attachmentid=5866">


Quote from cable:

Harry, it's nice that you're successful with your system, but you haven't explained any of this enough to make it tradeable or useful for any of us - or did I miss it? Did you explain how you arrived at your actual figures?

So far, I get the idea you'd like to sell us your system, or send you our money to trade for us, because I don't think you've given enough information to allow us to replicate your results with any reliability.

I mean no offense, I am wondering what you're trying to accomplish.

And I'm also still hoping for a conclusion to your thread on banking, governments, and freemasons when you get time. I was excited for the big conclusion, but it never happened.
More...
 

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...absolutely priceless!: "I post what It amuses me to post, this or anything else... I'm looking for opposition because opposition leads to movement in my lazy brain." If you can't have fun here, there's no point in posting. No successful trader will give you his explicit system rules, or even post here. I would really like to provide you some oposition, but you're not helping me with this series of posts. No meat here to oppose.

Tease us with a tiny morsel, something outrageously "Harry", like: "The breakdown of the bicameral mind, which allowed the purely cultural experience of consciousness to arise, as so brilliant explicated by Julian Jaynes, is the reason that market action is totally incomprehensible to the severed mind. My charts allow you once again to hear the inner voice of the god, who moves markets with mathematical precision, continually adjusting the balance of the male and female hormones through the influence of differential air pressure between the abdomen to the eardrums."
 
Voice of God ? The problem is that I don't believe in God I only believe in human groups interests at least in our material world :D. I don't see why God, the Moon or the Stars would have any interest in stock market. Only esoterics can think so. My model is a rational model and I say contrary to the overhelming paradigm that pretends that market has an irrational behavior that it has a complete rational behavior, that the crowd is irrational but that the market is not the crowd, it makes believe that it is the crowd and that it behaves irrationally for that is the point for efficiency to exist: efficiency of market can only exist in maximum uncertainty since certainty would lead to sure gain so the overwhelming paradigm which is false is a necessary belief for efficiency to maintain its very existence. Efficiency is a tautology and the only way to maintain it is to make believe into irrationality of market so that it is believed that it is unpredictable since how can you predict things that are irrational ?

Quote from hypostomus:

...absolutely priceless!: "I post what It amuses me to post, this or anything else... I'm looking for opposition because opposition leads to movement in my lazy brain." If you can't have fun here, there's no point in posting. No successful trader will give you his explicit system rules, or even post here. I would really like to provide you some oposition, but you're not helping me with this series of posts. No meat here to oppose.

Tease us with a tiny morsel, something outrageously "Harry", like: "The breakdown of the bicameral mind, which allowed the purely cultural experience of consciousness to arise, as so brilliant explicated by Julian Jaynes, is the reason that market action is totally incomprehensible to the severed mind. My charts allow you once again to hear the inner voice of the god, who moves markets with mathematical precision, continually adjusting the balance of the male and female hormones through the influence of differential air pressure between the abdomen to the eardrums."
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...you definitely need a Boswell for your Johnson. Permit me to translate and to gloss, and see if it still represents your argument:

"All traders believe, quite rightly, that market participants are irrational. In their mental world, market participants are able to change their collective mind instantaneously. However in the physical world on a macro scale, instantaneous action is impossible. This leads to the conclusion that the mathematics applied to the physical world cannot be applied to the mental world of trading.

This conclusion is erroneous, because the collective irrational acts of traders are constrained by the quantitative limits of the markets within which they act. Those quantitative limits ARE subject to analysis by conventional mathematics."

That's where I get lost. Feel free to say it in French if it's easier for you.
 
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