There are two types of trends

Discussion in 'Trading' started by ivanbaj, May 14, 2009.

  1. jjf

    jjf

    Golly.

    All I want to know is whether "time cycles" refers to the work of JM Hurst.
    It seems a simple answer is complicated around here.

    jjf
     
    #11     May 16, 2009
  2. NoDoji

    NoDoji


    No.
     
    #12     May 16, 2009
  3. Eight

    Eight

    The OP is rephrasing, and quite nicely imo, the old phrase "the trend is your friend until it bends".

    There were cycle guys at least a couple of generations before Hurst btw... I've dug back as far as 1880's so far. There are records of commodity prices going back to before Shakespeare's time btw. Hint: You use a library for that... there is depth of knowledge in a library, the internet is very shallow and very wide by comparison.
     
    #13     May 16, 2009
  4. I was reading about Karl Popper's philosophy:

    There are only two kinds of theories: (1) theories known to be wrong; (2) theories that have not yet been proven wrong – not yet falsified

    This made me think about that there are two types of trends.

    (1) Trends known to have ended
    (2) Trends that no one knows when will end


    It makes sense to me.

    It comes down to:

    1. Do you want to predict the ending of one and beginning of a new trend or
    2. do you want to have some "proof" that one trends has ended and thus enter the opposite way.

    I like the second option. But don't ask me about the "proof".
     
    #14     May 16, 2009
  5. I can't predict shit. I can't even tell you if there will be a higher high than Friday or a lower low than Friday.

    My post was anti-prediction not pro-prediction.
     
    #15     May 16, 2009
  6. :D :D :D :D You know what you are talking about.



     
    #16     May 16, 2009
  7. Benner's Prophecies
     
    #17     May 16, 2009
  8. Thank you for your insights. That was extremely helpful and intelligent.

    I love you man.
     
    #18     May 16, 2009
  9. Eight

    Eight

    Martin Armstrong had that on his bookshelf or so I read.. I have a copy, haven't fully explored it yet, I'm a screen-daytrader nowadays anyhow...
     
    #19     May 16, 2009
  10. Dioda

    Dioda

    always happy to demonstrate REAL world to people on internet
     
    #20     May 16, 2009