allow me to postulate these question then: is the term "ergodic" misused by proflogic and others who apply it to markets?
2nd: is ergodic theory the old term for chaos theory?
thank you,
surfer
Why do people use Volume, Range and Tic charts?
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allow me to postulate these question then: is the term "ergodic" misused by proflogic and others who apply it to markets?
2nd: is ergodic theory the old term for chaos theory?
thank you,
surfer
'Ergo' is a greek word meaning "the work". More precisely it means the "play" or "drama" that is unfolding in a seemingly chaotic fashion. I say seemingly as there is the doership element that modern science has removed from the equation (and lately becoming re-accepted), in the form of the unseen hand of the cosmos (supreme consciousness).
The word "Diki" is a difficult word to translate. Basically it means the "the right" or "triumph by reason". Dikastirio means courthouse the place that upholds "diki". Similar to the word "Niki" or as everyone knows "Nike", which means victory (feminine gender).
Therefore "Ergodiki" - Ergodic means the way or path of the victorious way to work and in the process, victory of said action.
Chaos is also a greek word. Pronounced "Haos", "house", it is the the universal cosmos, the name to the entire creation.
Therefore, in this Haos, we always have Ergodiki - Victory of proper action as that is the fundamental nature of Haos.
The word "Diki" is a difficult word to translate. Basically it means the "the right" or "triumph by reason". Dikastirio means courthouse the place that upholds "diki". Similar to the word "Niki" or as everyone knows "Nike", which means victory (feminine gender).
Therefore "Ergodiki" - Ergodic means the way or path of the victorious way to work and in the process, victory of said action.
Chaos is also a greek word. Pronounced "Haos", "house", it is the the universal cosmos, the name to the entire creation.
Therefore, in this Haos, we always have Ergodiki - Victory of proper action as that is the fundamental nature of Haos.
Do not allow some of the posters here to misdirect your overall focus.
THE INDICATORS ONLY PURPOSE IS TO CONFIRM WHAT YOU ALREADY SEE HAPPENING IN THE CREATION OF TREND & TRADING OPPORTUNITIES THAT OCCUR IN A MARKET'S OVERALL PRICE MOVEMENT.
Regardless of what indicator you use, the purpose of the indicator is what's fixed. I prefer the Ergodic simply because of it's smoothness and it's ability to reflex price movement so well. Price is and always be the main focus.
For whatever reason, some posters will do anything they can to misdirect traders away from things they can verify with their own two eyes and screen time. I have always been an advocate of traders trusting themselves FIRST & FOREMOST! This is why I post. I tell you not to trust me, trust what you can confirm on your own. I just supply the information for you to verify. Some posters condemn this process without confirming or verifying ANYTHING. I do not need to tell you who those individuals are either. They stick out like 1970's hippies at a formal ball.
THE INDICATORS ONLY PURPOSE IS TO CONFIRM WHAT YOU ALREADY SEE HAPPENING IN THE CREATION OF TREND & TRADING OPPORTUNITIES THAT OCCUR IN A MARKET'S OVERALL PRICE MOVEMENT.
Regardless of what indicator you use, the purpose of the indicator is what's fixed. I prefer the Ergodic simply because of it's smoothness and it's ability to reflex price movement so well. Price is and always be the main focus.
For whatever reason, some posters will do anything they can to misdirect traders away from things they can verify with their own two eyes and screen time. I have always been an advocate of traders trusting themselves FIRST & FOREMOST! This is why I post. I tell you not to trust me, trust what you can confirm on your own. I just supply the information for you to verify. Some posters condemn this process without confirming or verifying ANYTHING. I do not need to tell you who those individuals are either. They stick out like 1970's hippies at a formal ball.
LOL, who around here still thinks marketsufferer is a trader?
Back to the discussions, this post says it all.
Though the thread did take a little segue leading up to the above listed post, it is a perfect explanation of what begins to happen as you apply these concepts to your trading.
Trading moves from a state of being "chaotic" and the markets "disorderly" to the trader having a very firm grasp on what is happening, what to expect in the near-medium term future, and how to take the trade.
Best Regards,
JJ
partially right.
This term is misused by William Blau. He (not ProfLogic) is author of this technical indicator and he named it. He could name it anyhow. I agree, "ergodic" is not well turned and I personally prefer "true strength index" to avoid association with respective probability theory term.
no
ergodic theory is a part of mathematical foundation of statistical physics. So ergodic theory is branch of probability theory. It is about stochastic processes. BTW, the term "stochastic" is another example of misusing math term in technical analysis
chaos theory = nonlinear dynamic is about complexities in determinate processes most often described by systems of differential equations.
ergodic theory and nonlinear dynamic do have intersection but it is not the same thing.
Case in point.
1) I use Point and Figure to determine what are called the Prime (or Major)Support and Resistance, and the market's major current trend.
2) I use a customized formula to determine the market's Minor levels of Support and resistance, and the market's minor current trend.
3) Range Bars instead of Volume Bars
4) Added-in a few more customizations that I developed through observation, reason, just plain luck, and I'm good to go.
Completely different setup arriving at the exact same philosophical trading space.
[Actually, ProfLogic's methodology maintains itself on both macro and micro levels - as evidenced by the multiple settings and setups he gave for trading using Volume Candlesticks, where as mine is not scalable in such a fashion, this tells me that he's working with a purer form of what is actually happening in the markets.]
***
The point in me mentioning this is that the trading concepts are universal, and by applying them to the specific situation you will have a better understanding of the markets (even if it's as simple as Don't Short a Bull Run in an Uptrend or Don't Buy Falling Knives in a Downtrend)
Best Regards,
JJ
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