Thank you. I will have to come back to this (I'm bookmarking it) when I understand charts a bit better.
Prediction and Anticipation are two different things. Each grounded in two entirely different paradigms, experiences and results. One utilizes a full dataset, the other does not. Shifting to an event-based orientation vs a time-based one can open many conceptual doors. Past price action is the leading indicator of price OR Current Volume is the leading indicator of price. Is this true? Is this false? If we swap out OR for AND Is this true? Is this false? Discernment supports determining context. Determining context is a very supportive in sorting out truth.
Two parallel lines are used to create a context. We use the parallelogram to bound price action. This creates "a line in the sand" where we know that we know the previous context is shifting into a new one as one of the lines of the parallelogram is crossed. Different paradigms of trading have different "lines in the sand"
Thanks Sprout. Still, I need a bit more background with TA (?) to make sense of this. Thanks for your efforts though. Perhaps you can recommend something for me to read to get this. Thanks again.
Your welcome. I wish you success on your path. After reading most of the various highly recommended popular books on trading, applying those principals gave me the results that is typical of people deeply rooted in conventional wisdom. If the popular wisdom says that most traders will get washed out of this profession, than it stands to reason that what a majority of traders have their attention upon is not that great. My path of purposeful learning started by reading Jack Hershey's "Tomorrow's Newspaper Today" in the ET archives. Engaging in the process he describes as MADA transformed my understanding of the markets, my trading and the feelings I experience while doing so. One's fundamental understanding will be challenged. Frankly a lot of what I read I didn't understand at first. It was by engaging in the various exercises and drills that made the fundamental difference. The mighty HB pencil, ruby red eraser, 3-ring binders of thread printouts will increase your understanding! Making money is a by-product. Jack promotes thinking. Thinking through concepts can be very illuminating. Open minds will derive much knowledge. Closed minds are like broken records - the tune doesn't change very much.
Came across an interesting article and it supports the claim that there are quite a number Shops who are now fully engaged in AI https://www-bloomberg-com.cdn.amppr...aded-for-cohen-trains-algos-to-copy-his-brain
Thanks much. I'm not surprised. I wonder what the relationship is between single traders and institutional trading. These firms use a lot of money to hire programmers and experts in AI/ML, but in the end it doesn't seem like they necessarily have a monopoly on strategy ideas. But it's a bit daunting.