I love Waxie... his shiny head just makes me horny... Kachingo!!! (I'm kidding about Waxie... he's a former specialist in the now-history Pacific Stock Exchange in LA)
Golden Mean? 33%???? It's a lot more complex than that. There's the famous fibonacci .382/.618 ratio(382 divided 618 is roughly .618, another reason Greeks believed it as the most natural and stable ratio... ). There's the root 2, root 3, root 5, musical harmonic ratios, platonic solids... then there's the gnomonic seeds and growth then dynamic geometry under motions... etc. etc. That said, aren't you talking/referring about "Sacred Geometry" like: http://www.princetonol.com/groups/iad/lessons/middle/geomath.htm http://www.artpromote.com/sacredgeometry.shtml http://www.dartmouth.edu/~matc/math5.geometry/unit5/unit5.html I'm a bit rusty but I'm definitely not a newbie in "esoteric trading" stuff.
mate..........if I'd known then what I know now, I'd have given half my cap for someone to yell that at me ............ cheers
Well yeah, thats why i said "close to", jeez who'd want to have to study all that stuff? Am i refering to sacred geometry-not as such, i just found these things seemed to be ballpark, overlapping principles. I never got into it that much (for obvious reasons, its gets too esoteric, too quickly) , but i have read "tunnel through the air", studied vortices in nature, and human portraiture is loaded with these 3/rds/5ths/8/ths (and other) ratios, which define the face and are consistent, which i thought was interesting. Thing is, you arrive at the important ratios from pattern analysis, studying charts, & im convinced its faster and easier to do it yourself. These things arent, i think, hard and fast anyway, for most effective use, so there's going to need to be vast flexibility in the approach, more than studying math or probability can provide. Jmo.
aside from everything else in your post, that part is spot-on ........... most people attempt to box price via the techniques provided by someone else without first questioning the actuallity of price movement themselves............understand what brings forth negotiation and reaction, to price, first, before attempting to box, narrow and equate in a linear style............afterall, people make price move, accept or decline price presentation........... J
Well... I'm one of those guys who went into it far... Some may say it's crazy but it started off with my naiveness and desperation towards trying to understand the market. Other parts, I agree with acronym and others. Sure, the patterns pop up. When you hit a point where you can relate most of the market as a specific phenomenon of the Law of Vibration, it can be usable. Though, the markets are dynamic. You can only relate to the market through Gann, when it happens. Forecasting is only your assumption based on the subjective theories and tools of Gann Analysis. That said, if you can only trade using Gann Analysis on a real-time basis, what difference does it make with other analysis. Think about it, would you really trade, ONLY based on the forecast? Won't you be following and entering trades real time? Won't you cut the trade when the forecast is wrong? Would you push a trade in even if the market doesn't reflect the analysis/forecast? But the core issue with all trader is to make money trading. That is what a trader does, nothing more or less. Can I trade solely using Gann? Yes. But I can also trade using a blank chart or with only a bunch of quotes. I rely on my fundamental skill as a trader, not the analysis. Now getting back into the topic, I would recommend the newbie to trade the market, not the analysis.
Very well put...there's alot more wisdom here than one may glean at first glance.....What's important is being a TRADER and following the fundamentals of being such. Analysis is basically your trigger. Pretty much like some of the SEAL operators I knew.....they were just badasses plain and simple....whatever weapon they used was just their particular instrument of death....it wasn't the "gun" that made them a SEAL.