Why Can't I Trade with the Trend

ProfLogic · Mar 12, 2005

Quote from peterfigliozzi:

Pete's Hypothesis:

As the number of pages in the thread reaches double digits, the discussion must converge on AT LEAST one of these three limiting topics:

(1) "The market is random"
(2) "TA doesn't work"
(3) "You are a total asshole"

We have now hit both (1) and (3), waiting for (2) then we can close the thread.

Patience . . . this to should arrive . . . lol

ProfLogic · Mar 12, 2005

Quote from NickelScalper:

Another argument for not attempting to follow imaginary trends.

Yup, Electricity doesn't trend, ocean waves do not trend, DNA doesn't trend, there are no trends associated with the Laws of Physics, cycles aren't made up of trends, etc. . . . trends are imaginary, purely the ingredient of dreams and fairy tales.

Lefty62151 · Mar 12, 2005

I say this often. Don't know why I bother. I perfer to be one of the "savage race". But periodically I get the urge to say a few things. Who knows. Yes its true you can't predict trend. However you can predict tidal movement and that is what price does. Moves one way, and eventually, inorexably, the other. Knowing that, one can choose to be positioned like a surfer out on the ocean, waiting for the next wave. You have to know where to wait, and you have to start paddling at the right time or the wave will pass you by. If you don't know how to handle your board, you are likely to get knocked around a bit, but eventually you can, if you get your skills together, learn to ride. Probably won't learn about it asking others to tell you how its done however

Please do continue to give each other "written" surfing lessons. Its very entertaining to watch.

Lefty

NickelScalper · Mar 12, 2005

Quote from ProfLogic:

Price action can't be predicted but once can teach themself to "read" it.
I agree, standard methodologies can't accomplish this.

Well stated.

I would be specific: Future price action can't be predicted solely from past price action using standard methods.

This phraseology addresses why such a large majority of traders fail.

ProfLogic · Mar 12, 2005

Quote from Lefty62151:

I say this often. Don't know why I bother. I perfer to be one of the "savage race". But periodically I get the urge to say a few things. Who knows. Yes its true you can't predict trend. However you can predict tidal movement and that is what price does. Moves one way, and eventually, inorexably, the other. Knowing that, one can choose to be positioned like a surfer out on the ocean, waiting for the next wave. You have to know where to wait, and you have to start paddling at the right time or the wave will pass you by. If you don't know how to handle your board, you are likely to get knocked around a bit, but eventually you can, if you get your skills together, learn to ride. Probably won't learn about it asking others to tell you how its done however

Please do continue to give each other "written" surfing lessons. Its very entertaining to watch.

Lefty

Lefty, that response earned you a free dinner on me if we ever meet. Surfs Up!

NickelScalper · Mar 12, 2005

Quote from Lefty62151:

Yes its true you can't predict trend. However you can predict tidal movement and that is what price does. Moves one way, and eventually, inorexably, the other.

The tide moves about a constant level.

Not so with market prices.

BSAM · Mar 12, 2005

Quote from NickelScalper:

.....I would be specific: Future price action can't be predicted solely from past price action using standard methods......

Nickel.....

HUH?

This has me so confused I can't even type my response properly. However, if you can unscramble my response (below), I'd be interested in hearing your comments (or anyone else's).

ERA OUY GNIYAS HATT TRPUSPO NDA SCENASIERT NO'DT KROW???!!!???

NickelScalper · Mar 12, 2005

Quote from BSAM:

Nickel.....

HUH? This has me so confused I can't even type my response properly. However, if you can unscramble my response (below), I'd be interested in hearing your comments (or anyone else's).

ERA OUY GNIYAS HATT TRPUSPO NDA SCENASIERT NO'DT KROW???!!!???

At least my post wasn't intentionally obscure.

What, exactly, is unclear to you?

BSAM · Mar 12, 2005

Quote from NickelScalper:

At least my post wasn't intentionally obscure.

What, exactly, is unclear to you?

LOL!!! Just thought we'd have a little fun this afternoon! I'll clarify it just for you.

Here's the non-obscure version (I suddenly snapped out of the trance):

ARE YOU SAYING THAT SUPPORT AND RESISTANCE DON'T WORK???!!!???

nononsense · Mar 12, 2005

Quote from ProfLogic:

Price action can't be predicted but one can teach themself to "read" it.
I agree, standard methodologies can't accomplish this.

Sounds great!
But why else would you want to "read" price action (as you call it) than to place an order based on it and profit from it. Ain't that predicting? If you prefer call it divining or prophetizing.

Quote from ProfLogic:

Market prices mirror this action due to being born out of the same type of random chaotic environment as anything else effected by the Laws of Physics.

__________________
The Market is NOT Chaos and Randomness . . .

Come on Prof? Logic?
Mumbo Jumbo.