Price is Blind Man's Bluff.

Discussion in 'Technical Analysis' started by mikeriley, Sep 15, 2023.

  1. mikeriley

    mikeriley

    The more I stare at price, the more blind I become.
    I curse price, and shall follow my guide instead.

    If I only focus on the numbers on the right side of the screen,
    I'd stay blind to the true catalyst that's causing the levels
    to rise and fall.

    I could paint rainbows and unicorns on the right side of the
    screen to the same effect.

    TA tools and techniques to identify the catalyst is my guide dog.

    VOLUME EXAMPLE.jpg


    A blind man knows he cannot see, and is glad to be led, though it be by a dog; but he that is blind in his understanding, which is the worst blindness of all, believes he sees as the best, and scorns a guide. - Samuel Butler
     
  2. MarkBrown

    MarkBrown

    i see perfection, this not being blind this is digitizing the data into uniform blocks for more accurate analysis.

    fundamentally how can you know the results prior to the information? all that is possible is to explain what just happened best as one can.
     
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  3. mikeriley

    mikeriley

    MarkBrown uses the process of converting information
    into bits and bytes.

    As a click & point trader I think that's very cool.
    (rides by in my Amish-like horse and buggy)
     
  4. Big AAPL

    Big AAPL

    Pull up some long range charts
    work your way down
    the answer will come to you
     
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  5. MarkBrown

    MarkBrown

    I don't like time it's like a poison that destroy's the data - so why allow time to dictate what a bar of data looks like when it's the price itself that should be the only ingredient. By extracting the time from data we wind up with the real data and not man's foul interpretation of it.

    Now that we have pure data - the math works flawlessly as compared to time series data.

    The day session of ES today

    [​IMG]
     
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  6. mikeriley

    mikeriley

    I only use one chart to make money.

    How many charts do you use?
     
  7. mikeriley

    mikeriley

    Mark, that's an interesting chart.
    What's the name of that program/platform?
     
  8. Big AAPL

    Big AAPL

    Volume
     
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  9. mikeriley

    mikeriley

    aha! Then we are kin. That's my trade du jour also.
     
  10. MarkBrown

    MarkBrown

    MultiCharts

    [​IMG]
     
    #10     Sep 15, 2023
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