Fractal Theory I

I remember meeting Jacks disciple SpyderTrader at the Grand Havana Room for the 2008 surf fest, he is a super nice guy. That was a great night, heck, even Rev. Al Sharpton made a cameo appearance----

But what I remember most is Spyder holding court for the entire evening about Jack's system. He must have talked for 3 hours straight--- it was inspiring seeing his passion, but I still don't have a clue WHAT he was talking about!

surf

 

I've spent a heluva lot more than 3 hours trying to understand what he was talking about.

 

I always regretted not having met Spyder. What a task he committed to when he promised Jack to be his "translator". As it turns out, for me at least, he needed his own translator.

 

What ever happened to him? Is he still among the living? The guy was on fire for Jack's trading tactics. A real true believer --- If anyone is reading this who remembers him holding court at the surffest-- your memories are welcome.

For me, whenever i think of fractal market theory, i just see Spyder excitedly talking about it with 8 or 10 rapt listeners on that night high above manhattan so many years ago...

 

Do you notice that the 'exceptions' or unusual ways to end something, which often come into play, end up creating a lot of real-time uncertainty? If it's an exception, or is unusual or less common and is purely contextual... then how do you know in real-time make it part of your differentiation? Versus expecting more typical behavior and therefore entering failed trades as a result? That's what I am getting at with the questions I posed. If there are many choices & the possibilities are numerous, what are the clues that help let us know about continuation vs endings? It's easy on static charts because then we can decide which variation 'worked'. I haven't mastered it in real time for that very reason. Same story for a few others I know of who give this stuff a whirl. Is that the reality of the method & we should aim to simply find the sweet-spot & carve out our little piece of the pie & all the ambiguity can be left as it is? If so, that would mean avoiding trying to trade Pt1/FTT entries a lot of the time, it seems.

 

Did Spyder actually spend time at the dojo in Arizona, or did he just pick up the techniques from ET posts?

 

As far as i can tell, this material preached by jack and the price action SLAyers really doesn't work in realtime. Its seductive since it "appears" to work but doesn't really produce any type of edge in real time trading.

I have yet to see any evidence to the contrary.

Surf

 

I really don't know. I think he must have spent time with Jack to know so much about his teachings.

 

You know that "absence of evidence is no evidence of absence" ... When you take an IQ test, how much YOU can see places YOU on the curve.

 

Makes sense -- and it's complex and opaque enough that failed devotees will blame themselves for not understanding it fully, not studying it deeply enough, not marking their charts correctly, etc.