Is he contradicting him after gushing about his "wisdom and contribution?"
Why do I see "Trends" in Randomly Generated Data?
- Thread starter Rahula
- Start date
larry williams is not a hero of mine. yeah, i know and respect him to a degree, but he is not my hero.
furthermore, what does giants leaving footprints have to do with, the TA defending statment, of mass human psyche driving the market?
yeah, giants leave footprints, which illustrates my point that TA is descriptive only.
surf
I would like to ask you guys not to get personal. Itâs just a theoretical discussion that gives everyone a chance to express the opinion on a very interesting subject (at least to me it is very interesting). There are unlimited amount of successful strategies to trade the markets. As in chess game there are unlimited amount of combinations to win the game. The discussion of this subject serves a good purpose â to seed a doubt and generate questions. Ultimately it will help to all the participants!
Cheers
Cheers
please read his book on the COT report, then advise if you learned anything prior to making these inane statements.
surf
Quote from MAESTRO:
I would like to ask you guys not to get personal. Itâs just a theoretical discussion that gives everyone a chance to express the opinion on a very interesting subject (at least to me it is very interesting). There are unlimited amount of successful strategies to trade the markets. As in chess game there are unlimited amount of combinations to win the game. The discussion of this subject serves a good purpose â to seed a doubt and generate questions. Ultimately it will help to all the participants!
Cheers
thanks maestro. the true believers always get personal when the faith is questioned. enjoying your posts!
Note how the first stone cast, always seems to come from your hand? Let's try acting like adults as we continue this discussion.
How's electricity working out for you? Oxygen? Do these things exist out of religious dogma, only in the mind's eye of those who 'believe' them real? Of course not, and just as you have zero ability to 'see' oxygen and electricity, you believe they exist, because you can see them 'work' everyday. A lamp turns on when you flip a switch, you breathe in and don't drop dead.
Unfortunately, you have an inability to 'see' the market work, and therefore you cannot believe something you cannot 'see' for yourself. On the other side of the coin, someone like me, who really couldn't care less what your belief system tells you, chooses to respond out of concern your inability to 'see' for yourself might somehow cause others to choose not to think for themself.
You appear to be claiming that since randomly generated data appears to show trends, then trends cannot possibly exist in the market. Now, I have always believed many ways exist by which a trader can profit form trading. Simply becuase you cannot 'see' what I do, doesn't not, in and of itself, result in a determination of your inability to profit. However, since you do not trade for a living, I fail to understand why you refuse to look at those who do trade for a living and attempt to learn something new.
This isn't a cult or a religion or a belief system. This is simply the way all markets work. Like oxygen and electricity, just becuase you cannot see it, doesn't mean it isn't there.
- Spydertrader
My apologies, to both you and surfer. I just dislike when someone speaks in contradictory absolutes. Marketsurfer says that the markets are controlled by relatively few large players who game the system, and for that reason "TA" can't work. This suggests that very large players can move stealthily without leaving any marks in their wake. Am I the only one who sees a contradiction here? Do you believe that large players can move around very large positions invisibly? And if so, how would they do it? All at once, or via "accumulation/distribution?" Either way, how is it that their actions would not be noticed and then interpreted (or misinterpreted) by others?Quote from MAESTRO:
I would like to ask you guys not to get personal. Itâs just a theoretical discussion that gives everyone a chance to express the opinion on a very interesting subject (at least to me it is very interesting). There are unlimited amount of successful strategies to trade the markets. As in chess game there are unlimited amount of combinations to win the game. The discussion of this subject serves a good purpose â to seed a doubt and generate questions. Ultimately it will help to all the participants!
Cheers
I just wish that people's arguments would at least be internally consistent, especially when they favor speaking in absolutes.
An interesting statement. What you are saying is that your understanding of markets, electricity and gravity is the only one that makes sense. Well, if we were living in 14th century you would be probably frying me on the fire for suggesting that the Earth might be round! There is a whole school of scientists who believe that conscious effort of millions intellectually able and experienced traders create an environment that is purely random. So, do you thing the light is a wave or a stream of particles? Are the markets consciously rational or just random? It is a set of beliefs; it is your state of mind and your personal conviction. The truth always exists independently of our knowledge level. The art of science is to accept the possibility of being wrong!
Cheers
