Do Trendlines work?

Discussion in 'Technical Analysis' started by duard, Apr 3, 2005.

  1. Never make any assumptions about things like that. You might be surprised...

    Anyway, the answer is no, but thank you for your response. I wasn't asking about your method, I was more curious as to how you would have traded that in real time using your method - on the hard right edge of the chart (not the trading / probabilistic 'edge" that you probably don't like). i.e What trades, when, where, why?


    No dramas... don't stress about it.

    rEsPeKt !
     
    #681     May 24, 2005
  2. Mak

    Your posts are extremely interesting. Thanks for takng the time.
     
    #682     May 24, 2005
  3. Can only be Jack himself.
    :D
     
    #683     May 24, 2005
  4. So you reckon there's a chance he might start talking about "mixing cement" soon Mike? :)
     
    #684     May 24, 2005
  5. I agree, they are.

    That one was a 1,000 lego block post.


    Personally, I went through the process of coming to an understanding of the modus and the transition of that modus of MAK.

    I concluded that BAR 1 was where the screw up is occurring.

    Well low and behold read the answers given to the interpretations of the questions equalizer asked. Naturally there is no chance of answering what is asked if tha answering person changes the questions.

    How pristine can a question be? Well look at the originals. Equalizers Q's are pristine and pure and the essence of finding out stuff.


    Relax? Why not?

    So how can this guy who has 1,000 lego blocks build a bridge to making money across a very narrow barrier that is screwing him to the wall?
     
    #685     May 24, 2005
  6. Thank you Grob109... I am going to listen to and acknowledge your solution to this barrier... Please inform.

    Kindest Regards...
     
    #686     May 24, 2005
  7. Equalizer wanted to find out something from you, so he asked you in two different ways to get to the heart of things. He wanted to simply know how it was for you while you were seeing the market unfold. Just waht your views were of that place and how you handle it.

    He also made a suggestion about where you were operating and how it might be an unnecessary context.

    NOW is where a person trades. Now is not an acronym it is a word in capital letters that means the present.

    You are doing a bunch of different things whereby one of then gets your attention and then something else gets your attention.

    It appears that you are assimilating a lot of pieces and you think you grasp each piece quickly with just a few reps (repitions of what you think is the same thing appearing over and over).

    Car driving in a familiar set of roads without a watch and hearing very sharply no sounds at all which may be coming from out of site.

    Lets go through a brief checklist of what you must have to make money trading.

    1. A computer.

    2. An account open

    3. Money.

    4. You and a place for the computer.


    Okay.

    a. Externally, you assemble other items for the purpose of making money.

    b. Internally, you go about a process that is designed to give you knowledge, skills and experience.

    Okay.


    Put your self in the place of my aunt who died at 94 on my birthday when I was 40. (1963). Up to new years, 18 days before she died, she did as she pleased and ran her investments where her support system was costing midrange 5 digits per year. She wore sneakers and posted her accounts in ink.

    I supported her desire to go live nearby in a home where she had assisted living. She lived 18 days in that manner at 94.

    She had items 2, 3, and a and b. She got data from a newspaper and she traded well through her brokerage account and had a low six digit bank account on the side for running her budget.

    She could tell equalizer in a New York minute what he wants to know.

    Well, no, you can't at this point.

    Making money is not an either or thing or a can't have it five ways thing either. It is a lot of concurrent things going on where their confluence is absolute realitv on all fronts.

    We need to put your lego blocks in a few piles and determine how the piles work individually and collectively. An effort that can take a few days if you allow it to happen.

    The YOU part first.

    x. Knowledge

    y. Skills

    z. Experience.

    The external stuff second.

    A.. Real time data display.

    B. Annotating capability

    C. Trading stuff

    Does this look like a list for driving a car? For you it does you told us.

    Let us begin. You turn on your computer and stuff is hitting your senses and gong to your physical brain. You are already equipped with a lifetime experience and the stuff you are sensing is processed in a manner that your lifetime tells you to use to process it. Get books. Get milk. Turn off the computer.

    I suggest that there is a road map that may be followed instead. The goal for traders is to make money and make it as rapidly as they are able to based upon their knowledge, skills and experience using real time data, annotating what is going on and trading their account(s) effectively.

    You have to go through a PROCESS to get to a GOAL where the goal is to make money. So, do only what you have determined you are capable of doing.

    The first stuff to do is the easy no risk stuff and only the easy no risk stuff. This is done with: A little knowledge, one or so skills, the least money possible that can be used and real time data that can be monitored and annotated properly.

    The goal is to make all the money the market presents to you at all times it is open.

    You now know that the brief bridge that must be built is a contruct called: PROCESSING. One end is anchored at a scratch place where you have no knowledge, no skills, no experience, and you do not have a data display, no annotating capability nor any trading stuff. These relate to x, y, z and A, B and C, respectively. The other end of the PROCESS bridge is located at sports memory trading the market seamlessly, continually and at the highest money velocity humanly possible.

    Naturally, getting into PROCESSING, the unknown bridge is something that is done in the context of who you have become in your life. So that is just that.
     
    #687     May 24, 2005
  8. continued.....

    With respect to this binding element, meaning it is gluelike, we do get a break in the weather, maybe. It could be new to you in the sense that up to now you have been unconscious. In ET without exception, that is the case.

    To relax and enjoy letting the initial picture form, please understand that you imnd is where we are working to spend a little time. We want to observe, sensually, where we are going to make a lot of money fast. By directing the observing to x, y and z, we get to have all it takes for A, B and C by doing PROCESSING. We are going to "have it" six ways come Sunday for a few days.

    I will define x, y, and z and A, B, and C. These are Wizard level definitions.

    x. Knowledge is factual stuff that you validate by testing to see if you are learning the facts correctly. The text is Knowing How to Know. You will begin at some point to express knowledge as how you percieve whatever and not as an absolute statement that is intended to convey to others an absolute rigid defining descriptor.

    y. Skills are flawless small processing tools that get a defined job done correctly for the given conditions, circumstances and situations. Because they are a matter of sports memory, they are automatic, and largely unconscious in nature. They are faster than you can think. At first, we will do things in a slower way until you notice that they have happened before you "think" about it.

    z. Experience. This is a set that you "BE". It is the confluence of a myriad of subsets whereby the elements are glued together to create a time bound successful model of processed data from raw salient inputs that collectively have value and cannot be taken away from you nor given away by you to others.

    Understanding is going away. This non bilateral expression of subordination is not a workable description for what is coming into the space.


    A. real time data display. This is not a common ET matter for discussion since not many people have dispays in terms of doing x, y, and z. there are two matters at hand: how good your mind works and what it gets a chance to handle. There is a no bullshit thing abou trading that requires that you observe the reality of the market. One nice way to verify that you are sensing the real market is how you can choose to charcterize it relative to NOW. One requirement o tutoring is that the tutor has to tell the student what to focus on that is going to be happening far enough ahead of the present in order that the student can do x. y. z stuff in time to be prepared as NOW occurs for that stuff. It is simply a requirement that what is important at all times be displayed so it can be seen when it comes along.

    B. Once you have A then you can gain an annotating capability. Here there is only one task at hand. Succinctly put, once you are given that, the rest is automatic. An x item is that the market moves in a specific manner. Since it does, then you are automaticaly given the possible strategy for doing your part in sharing responsibilities. Well, accordingly, you annotate the specific stuff that "makes the record" of what you do to carry out each and everyone of your sharing responsibilities. It is kind o like there is an A job the market does and you do the B job. neither does the others job. when doing the others job is happening it is a case of the person not having tested his knowledge of what is the truth. By the way, having the conscious skills and abilities to do this testing, really takes care of all the lose ends out there.

    C. Trading stuff. For a while this is not going to be automatic for you, occassionally. That is just a case of where and when you are trading at a time when you do not know what you are doing. The way to PROCESS into making money is to only do what you know. You cannot imagine how nice it feels to be able to refrain from trading when there is no opportunity for you at that given time in your life to make money.

    So how to get on with finishing your bridge building in a few days. Recently, you suggested that you cannot get a given message and abide by it because it is too costly to you vis a vis your way of doing things. Frankly, to pass on this small opportunity for just the small period of required makes what you HAVE to do as something else quite important to you.

    What I am saying is this. Life is not writing term papers in response to what you have just read. Sometimes it is possible to just go with the flow and look deeply INSIDE of what you read and not respond with stuff you think up nor respond with questions you think up. I know it is difficult to not respond to my lousy writing with criticisms of the writing style, the distorted misunderstandable content and my personal other different characteristics than yours. Refrain if you are able to.

    It may be worth it to just take a little ride from one side of the bridge to the other. Naturally the ET demolition experts are going to fuck themselves over one more time with their AGMs. They are ignorable in a couple of clicks.

    Anyone can go through any number of processes to get to any number of methods of trading and making money. There is a broad spectrum out there. It is mostly determined by personal limitations that were created by the given trader in the past. Personal limitations cannot be eliminated but they can worked around up to a certain point and it is definitely possible to minimize acquiring more limitations up to a point.
     
    #688     May 24, 2005
  9. Acknowledged! Please Continue...:cool:
     
    #689     May 24, 2005
  10. This is of course absolutely correct. The aspiring Trader requires the correct knowledge; the ability to act upon this knowledge and sufficient flying Hours under his belt to understand the Instrument which he is Trading.

    36,358 Members of this Website firstly do not have the Knowledge - the correct Knowledge - nor any understanding of the Skills required to implement that Knowledge.

    This is because they are driven by Money; completely incensed by it; which disables them. This is a barrier that stops them obtaining the Knowledge, and this barrier which they cannot pass consequently means that the time they spend looking at an Instrument is wasted, because the way in which they look at the Instrument is incorrect. They look but do not see. All they see are Dollars, hundreds of thousands of Dollars, all ripe for the picking, rather than the clues which reveal the forth coming events. The Money comes as a consequence of being right.

     
    #690     May 24, 2005