actually, after reading his post i would have to disagree. his research looks very much like baynesian prob. nice
Thanks, he probably thinks that's a kind of mustard. Here is a crude oil chart to help you out with your question to surf. This is the Trend Chart of the Process.
Put a chart on the wall and ask an eight year old if he/she thinks it is going up , down or nowhere. You'll know the trend. If it was good for PTJ, it's good for me.
Thanks for the reply. So in a simplified example of the way you look at the market, if you assess the market is in a bull trend phase on your trend chart then you are looking for a conservative entry on your trading chart. So at this point you are looking for a spot to buy. IF you are more conservative you are looking at buying at an extreme level on a momentum indicator oscillation that is making a HL (you call them Prime levels). If you are more aggressive you are looking to buy on non-extreme momentum indicator oscillations down. So to pinpoint and time when you actually enter the market you are looking for just PRICE within these momentum indicator down oscillations to also eventually make a higher low (HL) breaking the cycle of LH and LL PRICE movements within the momentum move down. So from macro to micro you are looking at bull trend on trend chart to bull trend on trading chart to an extreme oscillation down that makes a HL to PRICE making a HL breaking the PRICE movement pattern of LH and LL within the oscillation down to Entry price. Please let me know if I am understanding correctly?
This is funny! How can you authoritatively dismiss it as UNSCIENTIFIC when you yourself have NOT looked at it's internal. That's like saying General Relativity is unscientific on the basis of some unscientific reasons. Doesn't make much sense... Unless you have looked into its internals, your counter argument has no merit...
Heading towards low tide... The advance and retreats are pristine here... Arrows, sticks in the sand, same thing.... NEAT!
Do i assume right, you are talking about Bayesian probability? I wonder what the epistemic probability distribution is of there being a "baynesian mustard"... I like the oil chart. But I would be interested in where you would actually enter. As far as I can see, after the first confirmation down (the one printed in blue, not the consolidation/ confirmation), there is another feeble attempt to consolidate, which subsequently fails. That would leave me to enter after the second confirmation down, with the magnitude of oscillations already receding. Did I miss something?
My response was when I should have been asleep and my answer is when I'm waking up but yes. Remember again that ridged Chart increment environment makes reading this a lot simplier.
No, what I do isn't Bayesian probability but it is closer tham mumbo jumbo BS. There is no entry on this chart. As I stated when I posted it, it is the Trend Chart. I posted the same chart showing where the enteries, exits and reversals would have been executed from the corresponding Trading Chart. As far as the Consolidation goes, read price, follow your momentun indicator for verification ONLY and again . . . you don't trade this chart.