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MasterVVK
Registered: Nov 2011
Posts: 25 |
12-26-11 10:14 AM
Quote from jack hershey:
At some point in the future you may recognize that a horizontal axis as a value reference is futile. That is, your up down orientation is very unimpressive.
Try, for example, testing yourself and your mistaken beliefs with respect to market dominance.
Market dominance, of course, has an opposite:non dominance.
Why is it not possible for you not to see that every trend begins and ends with dominance?
How did Granville and Dodd figure out correctly how trends worked?
If a trend begins and ends with dominance, why couldn't you understand that there was non dominance in between these two dominance preiods?
would your thinking and knowing every trend has an odd number of elements allow you to reson how ttrends must overlap? No probably not. You are very limited in your ability to reason through how markets work.
Think about how having the wrong conceptss in a belif system leads to failure to understand. that is where you are a how you got to where you are. Too bad.
Mr. Hershey.
Frankly speaking, I have a little understood from you have written.
Nevertheless, I shall try to answer for you.
You speak, that the horizontal axis (Time axis) is useless. I am assured, that each trader during trade sooner or later asks to itself a question: when there will come a turn in the market (when he should close a position or on the contrary, - to open). What is useless to take away the earned profit (to close a position in time) or to earn more money (to open a position in time)?
I do not know what is the "Market dominance". What does it mean: "every trend begins and ends with dominance"? Please, explain it. Probably, then I shall answer your question about "Market dominance".
I have small experience in the market. And at present I do not know Granville and Dodd. Here without comments.
Probably you are confused with plenty Time-signals. Here my approach to trade very simple. When there comes Time-signal, I look at the price. If Price-signal is during the same moment of time I give the order. If Price-signal is not present, - I ignore Time-signal. I name this moment a meeting of the price and time.
Therefore plenty Time-signals does not mean, that I use all of them.
Your citation: "You are very limited in your ability to reason through how markets work". About my abilities of understanding of the market I trust only to myself. And to another's opinions I listen only in cases of constructive criticism. In this case you know nothing about me also as well as I about you. Your statement is proved by nothing.
My opinion. The understanding of the market is an infinite process. Ask any successful trader. And he will answer you, that despite of wide experience, still solves secrets of the market.
Your citation: "Think about how having the wrong concepts in a belief system leads to failure to understand. that is where you are a how you got to where you are ". Good words. I am assured each trader should to think about them.
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MasterVVK
Registered: Nov 2011
Posts: 25 |
12-26-11 12:56 PM
+ for Jack Hershey.
"Three men came to Wall Street. The first always knew what was the best buy. The second knew why it was best to buy. But the third knew neither of these things; he only knew when to buy. He made the most money".
Richard D. Wyckoff - Stock Market Technique No.1
I consider it is the excellent purpose.
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jack hershey
Registered: Feb 2003
Posts: 7369 |
12-26-11 04:37 PM
Quote from MasterVVK:
Mr. Hershey.
Frankly speaking, I have a little understood from you have written.
Sometimes it takes a while to understand knowledge that is new or different than you have come to incorrectly believe
Nevertheless, I shall try to answer for you.
You speak, that the horizontal axis (Time axis) is useless. I am assured, that each trader during trade sooner or later asks to itself a question: when there will come a turn in the market (when he should close a position or on the contrary, - to open). What is useless to take away the earned profit (to close a position in time) or to earn more money (to open a position in time)?
Up and down is measured relative to the horizontal axis. The trade, knowledgably this reference for value is not what is best used. A line on a chart is the better thing to use as a reference.
Also and additionally, time is not a variable in markets. Since finite methematics rules markets, events are the significant variable since events have a specific order in fintie mathematics.
I do not know what is the "Market dominance". What does it mean: "every trend begins and ends with dominance"? Please, explain it. Probably, then I shall answer your question about "Market dominance".
You have a long ong way to go. As you say below you have "small experience" with the markets and you know few historical contributors.
At some point you may wish to list four or five things that are important.
If you list market direction as important, you will find qualifying the direction is commonly done. Usually there are three directions mentioned. Two of them are used to make money; they are the dominant direction and the non dominant direction. It is your call on how to learn. You may wish to begin that process soon.
I have small experience in the market. And at present I do not know Granville and Dodd. Here without comments.
Rome was not built in a day. The Earth was built in less than a week. the colorful people I mentioned are more important than anyone else.
Probably you are confused with plenty Time-signals. Here my approach to trade very simple. When there comes Time-signal, I look at the price. If Price-signal is during the same moment of time I give the order. If Price-signal is not present, - I ignore Time-signal. I name this moment a meeting of the price and time.
Therefore plenty Time-signals does not mean, that I use all of them.
You have found the holy grail and just two adjustments need be made. Replace time with events and replace price with volume.
There are many times between events. You avoid those. Volume leads price at crucial times and only two measures apply: peaks and troughs.
Soon price reaches a profit segment optimum.
You will not be able to learn this however.
Your citation: "You are very limited in your ability to reason through how markets work". About my abilities of understanding of the market I trust only to myself. And to another's opinions I listen only in cases of constructive criticism. In this case you know nothing about me also as well as I about you. Your statement is proved by nothing.
you have told everyone a lot bout you. Most of what we know is because of what you did not say to back up your "opinions without facts. By not using unknown facts you say a lot.
By listing the future, you say even more. the future cannot be traded and it is different when it comes into the Present sinc the finite boundaries have changed in the Present.
My opinion. The understanding of the market is an infinite process. Ask any successful trader. And he will answer you, that despite of wide experience, still solves secrets of the market.
The market is finite. Google "tick". the market has no secrets; if you find a trader who thinks it has, do not ask him questions. His answers are wrong
Your citation: "Think about how having the wrong concepts in a belief system leads to failure to understand. that is where you are a how you got to where you are ". Good words. I am assured each trader should to think about them.
Review and categorize all my other statements
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MasterVVK
Registered: Nov 2011
Posts: 25 |
12-29-11 01:59 PM
Recently I have read through at Albert Einstein: «I have no special talent. I am only passionately curious».
It is assured, each of us is the man of genius in own way - everyone has the particle of curiosity. And if to support and develop it, - once there comes understanding.
And it`s in trading including. The market opens the secrets slowly.
And that to understand them, it is necessary to set simple, but correct questions. Where is the level of Support? Resistance? Whether Is it a key point in the market or not? Is it a TIME-signal of Buy or Sell?...
Figuratively speaking, questions for me are a food for mind.
I have decided to satisfy my curiosity for week charts. Though never them used. While.
Simple question: How TIME-signals work for Weekly? Here results for EUR/USD…
EUR-USD Weekly 2009-2010-2011 TIME-signals
Albert: «The Information is not knowledge. Knowledge comes from experience. You can discuss a task, but discussion will only give you a philosophical understanding of it; you must experience the task first hand to “know it.” What’s the lesson? Get experience! Don’t spend your time hiding behind speculative information, go out there and do it, and you will have gained priceless knowledge».
I go to receive my experience... to prepare for trade.
And I wish the same for you. Good luck!
Forecast EUR/USD Weekly, TIME-signals for Jan-Feb-Mar 2012
EUR/USD Weekly
08.01.12
29.01.12
19.02.12 - 2T
18.03.12
GBP/USD Weekly
01.01.12
15.01.12
26.02.12
11.03.12
USD/CHF Weekly
01.01.12
22.01.12
12.02.12
26.02.12
18.03.12
25.03.12
USD/JPY Weekly
08.01.12
05.02.12
18.03.12 - 2T
USD/CAD Weekly
08.01.12
04.03.12
25.03.12
#MSFT Weekly
29.01.12
12.02.12
19.02.12
11.03.12
25.03.12 - 2T
MasterTradeSignal
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Jack Nestle
Registered: Apr 2007
Posts: 81 |
12-29-11 02:20 PM
"Sometimes it takes a while to understand knowledge that is new or different than you have come to incorrectly believe"
Hey Jack, since you are so eager to jump into all kinds of threads offering what you claim are facts on how to improve trading, why don't you show everyone how it is done with some live calls today?
I think it would help everyone get closer to the elite status you have obtained.
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MasterVVK
Registered: Nov 2011
Posts: 25 |
12-30-11 12:12 AM
Forecast EUR/USD 5 min for 30.12.2011
TIME - EET (GMT+2)
8:00 30
8:15 30
8:35 30 - 2T
8:45 31
9:15 30 - 2T
9:35 30
9:55 30
10:10 30
10:30 30
10:45 30
10:55 30
11:00 30 - 3T
11:25 30
11:45 30
11:50 30 - 2T
12:35 30
13:15 30
13:25 30
13:40 30
14:05 30
14:40 30
14:50 30
15:35 30
15:45 30 - 2T
16:15 30
16:25 30
17:00 30
17:20 30
17:30 30
18:05 30 - 2T
18:15 30
18:35 30
19:00 30
19:35 30
I continue to study at Great people. What can be better, when you see the words of the person who has passed the big way in the trading? Their experience is my basis on which I build my Way …
«We get it in our heads where we fight the markets and resist what we see. The correct philosophy is "See it, Believe it, and Trade it". It is a fallacy to impose your own ideas on the markets. Another rule I use is I don’t add to a loser. I admit I have done so, but it is very dangerous trying to average out a loser».
Don Henry
Simply and clearly...
MasterTradeSignal
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