Why Is The Obvious Not So Obvious?

[Redneck]

Quote from Placebo:

Thanks RN, always enjoy your posts. Ever the consummate gentleman.

Those lines look like channels rather than trend lines and the horizontal lines seem to be drawn at turning points (support/resistance?). Very intriguing, are you saying price will at some point in the future might bounce off those channels?

This is probably a larger time frame, which you then zoom in to the lower time frame as price approaches the channels extremes?

Thank You Placebo

Most(ly) perceptive, but let me ask you this


S&R lines.., Trend lines..., and Channel lines (A Rose by any other name)

Why are they not the same, only on a different plane

Do they not serve the same purpose

Do they not define the same

Do they not both provide a direction.., and direction

Having asked this, please do not minimize X’s post

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What leads price, because it has to – (for smart money to make money, it first needs to position dumb money – no?)

What would that look like


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Damn I ask a lot of questions, small wonder I’m such a dumbass

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TF’s are not discrete, the higher are built on the backs of the smaller (so much for random..., and I do view smaller ones as microscopes)

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Side Note

Someone PM’d me and asked if my way trading is evolving – hardly… (although admittedly I must continually evolve as price evolves)


Many times I’ve stated there are more ways to trade than I could count…, why would I ever want to shove my way down anyone’s throat

So just because I speak of some things, does not necessarily mean anything (we each must find what makes sense to us – and I respect that)

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Once you understand price structure, these various ways of trading all make sense…

Then the only things remaining are patience, discipline, and open-mindedness

Either you have them…, or you don’t

Your PnL will accurately reflect this

RN

 

[Redneck]

One other thought

Is a candle not a range, regardless of the TF it was build in

So now I suppose I only trade ranges - may be.. then again may be not

RN

 

[Placebo]

Quote from Redneck:

Thank You Placebo

Most(ly) perceptive, but let me ask you this


S&R lines.., Trend lines..., and Channel lines (A Rose by any other name)

Why are they not the same, only on a different plane

Do they not serve the same purpose

Do they not define the same

Do they not both provide a direction.., and direction

Having asked this, please do not minimize X’s post


=============================================

What leads price, because it has to – (for smart money to make money, it first needs to position dumb money – no?)

What would that look like


=============================================

Damn I ask a lot of questions, small wonder I’m such a dumbass

===============================================================================

TF’s are not discrete, the higher are built on the backs of the smaller (so much for random..., and I do view smaller ones as microscopes)

=============================================

Side Note

Someone PM’d me and asked if my way trading is evolving – hardly… (although admittedly I must continually evolve as price evolves)


Many times I’ve stated there are more ways to trade than I could count…, why would I ever want to shove my way down anyone’s throat

So just because I speak of some things, does not necessarily mean anything (we each must find what makes sense to us – and I respect that)

=============================================

Once you understand price structure, these various ways of trading all make sense…


Then the only things remaining are patience, discipline, and open-mindedness

Either you have them…, or you don’t

Your PnL will accurately reflect this

RN

What matters is what something is, not what it is called.

Got it, they are all an attempt by traders to find the direction of price.

Well this has always had me scratching my head. How price comes back (at some point) to shake you out and the default is to lose money. Incredibly efficient.

Never quite been able to fathom how that mechanism works, but you have got me thinking when you said about time frames.

Is this what you mean by price structure?

By the way, I've spotted something I've never seen before in your charts, thanks.

 

[jack hershey]

Quote from macattack:

"As a fighter pilot trainer he missed how fighting in the air works"????

Oh really.....................what on earth are you smoking? Let's go take a survey of actual fighter pilots & see if they agree with you.

Also fighter pilots do "front run" their opponents...........it's described as getting inside their OODA loop & staying one step ahead of them, otherwise they end up dead.

And what's your deal with MADA vs OODA.
Sound about the same to me.

MADA: Monitor, Analyze, Decide and take timely Action.
OODA: Observe, Orient, Decide, Act.

LOL ....

Look more closely at the feedback loops on the OODA chart (you may never have seen one.

Act in OODA means "place your Bet"

In OODA after placing your bet you do a feedback loop and find out if your bet was correct.

MADA uses set theory of logic. You match what you see with the unique piece of inference in the fully differentiated finite set of inference. This tells you where you are in the spectrum whose differentiation is an arrangement of adjacent pieces of inference.

If you have done team acrobatics while flying, you can easily conclude you want the "target" ship in front of you. You are NOT front running the traget. Your "win" is shooting forward of your position and not using armament that faces behind you.

You may notice in movies to day that heat seeking missles are often used. They leave their carrier going forward at velocities GREATER than the launcher. In this way they move forward to a target by closing on the target.

In trading, someday you may find out what being "one step ahead is".

steps relate to "events". "Events", strange as it seems to you so far, do follow an order. Our short hand is:

B2B 2R 2B for a long half cycle. What follows is R2R 2B 2R for a short. then a long follows a short, etc...

Do you think this is what fighter pilots do? They do not.

For the expert trading that we do; we slip to the right and raw a vertical line. There we watch the next event (unseen to you) as it moves from the future into the Present.

Drills build the mind. The mind creates through its neuro plasticity an ordered spectrum. When the senses show a piece, the mind adds the corresponding one-on-one piece of inference already in the mind as long term memory. The sum is called perception.

In MADA this is M and A. Since there is an order of events, the expert trader just coasts along until it is decision making time and he decides the behavioral action. And then at his liesure he carves the turn using partial fills to coolect enough "chicken feed" from small players to fill the carved REVERSAL. This also extablishes the begining of his next profit segment.

As I appraoch an airbase or port, I get rid of extra energy with a few manuvers before I do my approach.

My ship is about 840 pounds and costs about 120K. So I head straight up. until I am motionless. I kick the ruder andthe ship fans sideways 180 degrees. Now I am facing stright down so a go down and repat a few times until my altidude at peak is not too much. then i bank out of thedive and go do my approach.

As I get over the runway, I shut down the wings by using the full spoilers. I turn into a rock and release the spoiler when I feel I have just enough speed to run the runway and turn onto the hanger pad in front of the hanger open doors. They spin the ship 180 and drag it into the front of the hanger. I don't do OODA when I am in command. LOL ....

 

[jack hershey]

Quote from Placebo:

Thanks RN, always enjoy your posts. Ever the consummate gentleman.

Those lines look like channels rather than trend lines and the horizontal lines seem to be drawn at turning points (support/resistance?). Very intriguing, are you saying price will at some point in the future might bounce off those channels?

This is probably a larger time frame, which you then zoom in to the lower time frame as price approaches the channels extremes?

The lines on the chart are a little messed up.

If they were drawn from rules or something, then the design of the rules was at fault.

It looks like the chart is drawn from an up/down orientation.

Notice the part of the chart that is not annotated; probably an undercite.

 

[The Oracle]

Quote from Mysteron:

OK, an adaptive feedback loop of self improvement, but why the repeated mention of Mrs Boyd or John in this thread?

I'd come to the conclusion that there were no secrets, or rainbows to chase, just simple gambling principles that I understand already, and also personal psychology to master (currently on cycle No. 3), but now you mention secrets.

A simple practical principle that has worked well for me is that faith without evidence is delusional BS.

even one eyed jack missed it

what stands out in the ooda pic!

 

[The Oracle]

Quote from Zr1Trader:

TO, Couple Questions.

How do YOU determine where you draw your horizontal lines on your chart and why?


Would you classify your self as a trend trader, range trader, or combination of both.

i must say ZT..u do not speak much..but when u do u ask the right questions

like RN has said..many times..there are many many ways to trade..and..the best way for u..is the way that makes u money..simple

one way to try..is to start with the nearest s&r lines..and draw them first..again..does this not sound like common sense

i would classify myself as a ADR trader

TO

 

[The Oracle]

Quote from jack hershey:

The lines on the chart are a little messed up.

If they were drawn from rules or something, then the design of the rules was at fault.

It looks like the chart is drawn from an up/down orientation.

Notice the part of the chart that is not annotated; probably an undercite.

now now jack..that is very funny coming from u..a major shareholder in crayola

 

[jack hershey]

Quote from Mysteron:

I was just wondering why Boyd keeps being mentioned as I had already read various info about him having seen references throughout this thread.

As far as intercepting aircraft is concerned, one way is:
"Proportional navigation (PN) (Pro-Nav) is a guidance law used in some form or another by most homing air target missiles. It is based on the fact that two vehicles are on a collision course when their direct Line-of-Sight does not change direction. PN dictates that the missile velocity vector should rotate at a rate proportional to the rotation rate of the line of sight (Line-Of-Sight rate or LOS-rate), and in the same direction."

Also note in the above the correct use of the word 'vector', not the BS that JH uses.

Cycle No. 3

A vector for me is an element containing both magnitude and direction.

Sorry you didn't understand that I used the conventional definition

 

[rossky]

Quote from The Oracle:

...i would classify myself as a ADR trader

Suddenly, everything has become obvious.