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Technical Analysis Fallacy

  • #14,961
  • May 7, 2010 2:11pm May 7, 2010 2:11pm
Quoting Deusomega
I still haven't figured out the Gann secret

And Welles is interesting because he has produced books claiming the market can be predicted and that there is an order that exists.

On his Delta Society website he claims

"Serious traders know that we can now PREDICT every market turn, in any market, with amazing accuracy."

So he is either incredibly gifted or incredibly arrogant.

What I don't get about Gann and what always troubles me whenever I try to understand him ...

Is if he was such a great trader as that interview would...
Micheal Jackson sings good. Did he do his own marketing and merchandising. Give thanks to all the experts.

Wilders is ppl , not "oil burner".

regards
  • #14,962
  • May 7, 2010 2:21pm May 7, 2010 2:21pm
Quoting fti
Micheal Jackson sings good. Did he do his own marketing and merchandising. Give thanks to all the experts.

Wilders is ppl , not "oil burner".

regards
Michael Jackson gave music that inspired and lifted his fans up. He was selling what people wanted and what they were looking for when they paid their hard earned money.

As you said yourself Gann wouldn't even teach his son so of course he wouldn't reveal anything usable to the public. So he incorporated Astro stuff, and other things that he claimed could predict the markets according to "natural law"

So by all accounts bs and the modern day equivalent of the trading gurus we see.

The "Tunnel" book is infused with Bible passages and religious overtones. I guess I would of expected more of a person so into the Bible. I think it's a direct spit in the face of Jesus(if he exists) to knowingly sell such falsehoods and lies.

So the comparison isn't the same at all and not fair. Michael's fans get what they want... The vast majority of Gann's fans get crap.
  • #14,963
  • May 7, 2010 2:26pm May 7, 2010 2:26pm
Quoting Deusomega
Michael Jackson gave music that inspired and lifted his fans up. He was selling what people wanted and what they were looking for when they paid their hard earned money.

As you said yourself Gann wouldn't even teach his son so of course he wouldn't reveal anything usable to the public. So he incorporated Astro stuff, and other things that he claimed could predict the markets according to "natural law"

So by all accounts bs and the modern day equivalent of the trading gurus we see.

The "Tunnel" book is infused with Bible passages and...
Whatever the opinion.
Readcarefully about his bad cotton trsde and how he survived it.
understand spirals and the maths of spirals.
Gann is a very good mathematician.
You see the predictive perspective, which is a smoke screen, you missed the real maths behind the trading.
Abuility to stay objective on message is important. Do not be distracted from the read.

Its hard to teach who is not receptive to the principles.
kybalion.


regards
  • #14,964
  • May 7, 2010 2:32pm May 7, 2010 2:32pm
any hope for maths challenged people like me ?
  • #14,965
  • May 7, 2010 2:34pm May 7, 2010 2:34pm
Quoting aiyahmarklah
any hope for maths challenged people like me ?
sure you want this?
study pyrimid maths ie law of proportions.
Golden section.

It was all given early.Read carefully.
Also do research and think.
There ain't no free lunch.
even at a buffet.




regards
  • #14,966
  • May 7, 2010 2:43pm May 7, 2010 2:43pm
yup i still remember, the key is the pi.
  • #14,967
  • May 7, 2010 2:46pm May 7, 2010 2:46pm
Quoting aiyahmarklah
yup i still remember, the key is the pi.
if you need build a most stable but prutruding structure.
What is the formulae for that extension?
What is the basis for the most stable parabolic curve?
  • #14,968
  • May 7, 2010 2:47pm May 7, 2010 2:47pm
Quoting aiyahmarklah
any hope for maths challenged people like me ?
I am still searching but I think you are on the right track. Can you explain how you came to the following conclusion?

"Oh...just speculating. Based on those comments, then the long dollars is probably a hedge for the short term volatility, and maybe to make a quick buck as well."

How is the long dollar a hedge on the short term volatility? I think this is all about hedging but how? Please explain.
  • #14,969
  • May 7, 2010 2:50pm May 7, 2010 2:50pm
Quoting Deusomega
I still haven't figured out the Gann secret

And Welles is interesting because he has produced books claiming the market can be predicted and that there is an order that exists.
Welles' table is a spiral.
  • #14,970
  • May 7, 2010 2:54pm May 7, 2010 2:54pm
Quoting Zoran
Welles' table is a spiral.
http://www.wilder-concepts.com/theDeltaStory.aspx

Zdravo,

Textor
  • #14,971
  • May 7, 2010 2:56pm May 7, 2010 2:56pm
Wilder's Delta Society is based on timing the markets in rhythm to moon phases, and has nothing to do with whats presented here in this thread.

Delta society is totally separate from his other works.

regards
  • #14,972
  • May 7, 2010 2:59pm May 7, 2010 2:59pm
Quoting textor
http://www.wilder-concepts.com/theDeltaStory.aspx

Zdravo,

Textor
Well, to be totally fair to the man. You cannot judge him by his old research like reverse point waves, and stuffs like that. Or this best seller Tech A Concepts. He is scientist , they grow with their research. Try not judge people from old newspapers.

regards
  • #14,973
  • May 7, 2010 3:00pm May 7, 2010 3:00pm
Quoting auxesis
Wilder's Delta Society is based on timing the markets in rhythm to moon phases, and has nothing to do with whats presented here in this thread.

Delta society is totally separate from his other works.

regards
Exactly, that's why I posted the link.
I think that only bring confusion here.

Have a nice weekend,

Textor

P.S.: I think I can understand the Kyb..., but The Tunnel... is to enigmatic to me.
  • #14,974
  • May 7, 2010 3:03pm May 7, 2010 3:03pm
Quoting fti
if you need build a most stable but prutruding structure.
What is the formulae for that extension?
What is the basis for the most stable parabolic curve?
I really don't have the answer, you see, my difficultly is understanding the maths. I will, at appropriate time, figure it out.

thanks
  • #14,975
  • May 7, 2010 3:07pm May 7, 2010 3:07pm
Quoting Zoran
I am still searching but I think you are on the right track. Can you explain how you came to the following conclusion?

"Oh...just speculating. Based on those comments, then the long dollars is probably a hedge for the short term volatility, and maybe to make a quick buck as well."

How is the long dollar a hedge on the short term volatility? I think this is all about hedging but how? Please explain.
arghhh...why are you still asking me about this ? I will send you pm about my findings as it is irrelevant to this thread.
  • #14,976
  • May 7, 2010 3:08pm May 7, 2010 3:08pm
Quoting textor
P.S.: I think I can understand the Kyb..., but The Tunnel... is to enigmatic to me.
I read tunnel along time ago, looking at it through very different glasses, and to be truthful never fully reread it at the beginning of the thread. Guess I'll take the time to redo homework. my guess I'll find a very similar approach to what's outlined here.

regards
  • #14,977
  • May 7, 2010 3:10pm May 7, 2010 3:10pm
Quoting textor
Exactly, that's why I posted the link.
I think that only bring confusion here.

Have a nice weekend,

Textor
Please , I was one of his many paying understudies.
His research although in many directions, some of which is very valid. But of course much stuffs was build on top of it. The most damaging one being the Fallacy in TA.

Anyway, his research did contributed much to the development of TA as tools for trading. Only that an experienced traders, knows better than to be rigid and on instruments for survival. Although on hindsight , you may come to conclude that they were useful for health.

regards
  • #14,978
  • May 7, 2010 3:10pm May 7, 2010 3:10pm
Fti mentions: "Read carefully about his bad cotton trade and how he survived it."

Is this in his Tunnel book or is it from another article? I can't find it in his book. All of his cotton trades went exactly as he had predicted as far as I can tell... But I can be thick sometimes so yeah lol.
  • #14,979
  • May 7, 2010 3:18pm May 7, 2010 3:18pm
Quoting Deusomega
Fti mentions: "Read carefully about his bad cotton trade and how he survived it."

Is this in his Tunnel book or is it from another article? I can't find it in his book. All of his cotton trades went exactly as he had predicted as far as I can tell... But I can be thick sometimes so yeah lol.
just to help you along.
Try read up about "jet wash". May help you understand what tunnel thru the air means.
The understanding of natural structures?

regards
  • #14,980
  • May 7, 2010 3:18pm May 7, 2010 3:18pm
Quoting fti
Please , I was one of his many paying understudies.
His research although in many directions, some of which is very valid. But of course much stuffs was build on top of it. The most damaging one being the Fallacy in TA.

Anyway, his research did contributed much to the development of TA as tools for trading. Only that an experienced traders, knows better than to be rigid and on instruments for survival. Although on hindsight , you may come to conclude that they were useful for health.

regards
Thank you for your words.

Sometimes your words are very clear, but sometimes I have to drink only to
imagine what you want to say... (joking)

I'm sorry, not the most clever student here.

Regards.

Textor.
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