Grob, I'm an engineer by education so I am no stranger to fractals and Gaussian (not gausian) distributions and curves. I know these scientific terms and have studied the mathematics of them briefly while getting my degree. You still might lose me in the conversation by using these extremely specialized terms in a somewhat of a layman's board. What I don't understand is why it is you put in so much effort and intelligence into your posts but are unable to find more general (possibly less accurate) words or phrases to describe what you mean. I bet you could have said everything in this last post with crystal clarity for the average trader rather than addressing us as if we are PhD students in Good Will Hunting or A Beautiful Mind. My point is: it takes a lot of effort to understand you. You can certainly give us a broad stroke of your knowledge in plain colors and when we want to get in the details and accurate terminology, we can ask. I think this is why you get the response that you do by the majority. The minority who understands it (who knows how much effort they make to decipher it all) seems to want to simply repeat what you say. Please accept this post as a respectful opinion. My intent is not to draw you out for an argument as you may expect. I sincerely wish to understand you because I believe I can always learn something new. However, reading over your stuff (my intelligence, I have been told, is on the better side of the center of a Gaussian Distribution) I find that it would be very easy to say what you are saying without the "highly specialized" words you use. I'm not asking you to "dumb it down". I'm simply asking you to consider that replacing words like "fractals volume" with "print" and Gaussian with "a normal or probable distribution". That is just a weak example. With all respect and best regards.
FuturesTrader71, to the best of my knowledge, Grob109 rephrases stock ideas from the post-Depression efflorescence of technical analysis. Essentially it is Shabacker with oddly different terminology. I see absolutely no understanding of the realities of internal market operation, to wit, price manipulation and psychological warfare. To trade profitably IMO with market orders, as he does, you must think like those who make the markets with limit orders. To treat the market as a simple sequence of prices and volumes with no understanding of the dynamics which produce those numbers is delusional. Regards, Al.
For "fractal", substitute "timeframe" or "degree" if you're familiar with EW. For "gaussian" substitute "gable roof" or "ant hill" if that helps. Seriously, you don't need to be an engineer to understand this, folks. Maybe if you think you're smarter than the average bear and therefore make some claim to magical insight, I can see that being an impediment. What's wrong with reading the post multiple times to improve understanding or going back weeks, months, or even years to get a better context of what is being offered? It's called EFFORT. There's no substitute for motivation, I guess.
Lots of ex-engineers who turned Traders. You can add me to that list. P.S People who try to act smart and talk in ways which makes themselves feel superior to others make me sick. Icarus, Grob go fuck yourselves. Oh and have a nice day.
Sparkys especially are attracted to trading. It looks like it's amenable to all our fancy analyses. The linear systems fallacy.
Astonishing how these threads get hiJACKed! And HE accuses OTHERS of AGMs! My wild-assed guess is that the clientele turns over here every 3 to 6 months (like a sour stomach), affording Jack endless opportunity to befuddle the fuddled. As a long-time (unappreciated) stoont of his, the best I can say of him is that he is consistent. He rehashes the same unproven (and unprovable) theses with NEVER any testing or execution proof of their efficacy. All that I could tolerate if he could at least spell. Or use words correctly. "Distaff" does not mean "the opposition", hahahaha!
You are right about that.... I'm an engineer and I sure as sh$t don't understand all of it (said with a Texan accent while spitting some chew). The point was that he does put a lot of effort (and I truly do appreciate it despite my probing into the style) and I have to assume that he wants to make something clear/obvious to us. If it is about motivating us to look at the post many times over or going back a few years to learn, then I would use my time to do something else. I'm only here for the abridged version.
PM nwbprop for the Cliff's Notes version. He started a Grob109 thread that is a classic. He banged away for months on just one trading tactic. It was embarrassing. A slo-mo train wreck. The only time trading was ever a spectator sport. It was vaudevillean in its grandeur and sweep. Or Granvillean, if you prefer.
Jack..... To the contrary Support/Resistance are always in the picture. Just because people do not trade your way, doesn't mean they trade the wrong way. If support wasn't in the picture how could I have been able to predict within two cents where a likely reversal would occur? It ain't that hard to do, once a person understands S/R.