Taking ES's comment and your response to it into account, price is a continuum, as is the activity that moves it. My point was that our efforts to chop up that continuum into digestible bits is by definition artificial. Whatever structure results may be of benefit to us in that it enables us to conceptualize the activity, but the structure itself is irrelevant to the reality. In Magee's terms, the continuum is the territory; the ticks, bars, whatever are just maps of that territory, none of them with any inherent superiority over any others. Technically, there's no reason why a skilled trader can't trade via only one bar for the day, like a thermometer, or no bar at all.
Yes, but the fact that markets are not random....because of the truth of trend, makes a measurement necessary, whether it be artificial or "out of cycle". The traders challenge is to recognize micro trends and trends. If they are reversals or just pullbacks...etc... Chop is an opportunity to use these artificial tools at their best... Michael B. P.S. I say to you DB, price itself, is the indicator...
Don't know what you mean by "measurement", but the non-randomness of the market suggests only that one focus on the relationship of one trade to another. Which trades or sets of trades are selected is a matter of choice and has nothing to do with the continuity of price. As for price being an indicator, if you mean that it indicates the agreement reached, I'd agree. Otherwise, not.
Yes DB, And they do not have charts or bars in the pit either, but are able to trade. This very action is what we see on the screen (hopefuly within nanoseconds) as we set in our offices/living rooms, if you trade the SP or ND. Michael B.
Your signature quote is good advice. After I parked my boat in a harbour on one of the San Blas islands I took a look at the map on the GPS and it had my boat sitting on top of the volcano on the island. If I had valued the map more than reality I would have been in big trouble...
Did I say I disageed? I can go there, if you wish, and if that is the only way to converse... But, How does one identify trend then... Go ahead... Michael B. P.S. DB, you are reading too many Coinzy threads lol .
Is the following not a disagreement with what I said preceding it? "Yes, but the fact that markets are not random....because of the truth of trend, makes a measurement necessary, whether it be artificial or 'out of cycle'." Incidentally, I don't "read Coinzy threads".