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Technical Analysis Fallacy

  • #15,401
  • Edited 7:44pm May 15, 2010 7:19pm | Edited 7:44pm
Quoting Deusomega
"As above so Below"......................
In the trading context, it is simply an expression that what exist in the Long Charts (daily, weekly, monthly) is much replicated in the Short Charts ( 5 min, hourly ).
Darn!
this is very wise...
However...do you know how?
Please....
do not say fractal nor mystical waves...
neither statistical stuff or pattern...
there is an specific way that shows
to be true.
-in my humble learning-
Empty as water and soft as a facing wind mountain
  • #15,402
  • May 15, 2010 7:39pm May 15, 2010 7:39pm
Everyone knows that's FTI right? I don't want to inadvertantly take credit for it. But @zoran it probably does somehow but no clue here
  • #15,403
  • Edited 11:01pm May 15, 2010 10:38pm | Edited 11:01pm
Quoting luSan
Darn!
this is very wise...
However...do you know how?
Please....
do not say fractal nor mystical waves...
neither statistical stuff or pattern...
there is an specific way that shows
to be true.
-in my humble learning-
I don't understand yet.. but so far I've just gathered that we pay attention to the long charts to determine where we are in the overall picture and to try to trade in this direction on the short charts. Thereby increasing the likelihood of success when we must rescue.

But no.. the quoted material is too deep for me right now I suppose.

The "As Above, So Below" is interesting to say the least... http://www.crystalinks.com/emerald11bw.html

I know it's getting all mystical and stuff but I found this verse interesting in relation to FTI's comments about replication:

"Look thee above or look thee below,
the same shall ye find.
For all is but part of the Oneness
that is at the Source of the Law.
The consciousness below thee is
part thine own as we are a part of thine."

I hate that one cannot search for "above" or "below" because they are too common for the ff search engine.
  • #15,404
  • May 16, 2010 1:13am May 16, 2010 1:13am
Quoting luSan
Darn!
this is very wise...
However...do you know how?
Please....
do not say fractal nor mystical waves...
neither statistical stuff or pattern...
there is an specific way that shows
to be true.
-in my humble learning-
In the trading context, it is simply an expression that what exist in the Long Charts (daily, weekly, monthly) is much replicated in the Short Charts ( 5 min, hourly ).

This is not what you seek as I am not sure what is meant by "specific way that shows to be true", but my simpleton take fwiw without metaphysical / bibical flourish:

If the Long Charts print price at XXX at point A and XXX at point B all charts in lower time frames replicate the same info (okay provided same data source) but the chart patterns for each TF are different due to different vibratory cycles, each TF vibrates to it's own static or dynamic S&R, sometimes trumped by S&R of the next higher TF if the trend is strong, and sometimes the next again, ............

I don't believe these cycles of vibration obey an universal law or order, except for the common place observations of proportions (Elliot Wave, Fib retrace and extensions are just measurement tools of proportions) and regression to mean (TA oscillators) and in case of Forex the time clock also. Sure anyone can have fun designing pivots and grids, forecasters will always be right sometime (though it's random who's "right" this time). When these forecasters incorporate EXCEPTIONS as they all do then it's even more RANDOM which forecast will be right THIS TIME, rendering them useless in my perspective.

Rgs,
Baifu
  • #15,405
  • May 16, 2010 2:34am May 16, 2010 2:34am
video a littlle older than meltup but still thought provoking
http://inflation.us/videos.html
  • #15,406
  • May 16, 2010 4:13am May 16, 2010 4:13am
Quoting Zoran
Deusomega, "as above so below" in the trading sense (as you describe) is what I initially thought but I still have my doubts. I have a feeling it goes deeper than that but it's difficult to say when confirmation is lacking.
Hi Zoran
You try to calculate the percentage change(e.g. day) in a cycle (e.g. year) get a similar picture (a sufficiently long period and the exception).

... sorry but I'm just an imitation chart, try it yourself
Attached Image
  • #15,407
  • May 16, 2010 5:30am May 16, 2010 5:30am
Quoting Deusomega
But no.. the quoted material is too deep for me right now I suppose.

The "As Above, So Below" is interesting to say the least... http://www.crystalinks.com/emerald11bw.html

I know it's getting all mystical and stuff but I found this verse interesting in relation to FTI's comments about replication:
Thanks for that link. It pretty much explains it to me.

This is my interpretation (and open for discussion):

"As above so below"

Taken from the text

Ye know that knowledge is gained only by practice,
and wisdom comes forth only from knowledge,
and thus are the cycles created by Law.
Means are they for the gaining of knowledge
for the Plane of Law that is the Source of the All.

The cycle below is not truly below but only
different in space and in time.

The consciousness there is working and
testing lesser things than those ye are.
And know, just as ye are working on greater,
so above ye are those who are also working
as ye are on yet other laws.
The difference that exists between the cycles
is only in ability to work with the Law.

Our knowledge comes from practice while wisdom comes from knowledge. As we strive to achieve our goals, we are guided by our knowlegde and learn from our mistakes. We eventually become familiar with something to the extent that we are not even conscious of it, it just becomes a reflex.

For instance, as a baby we have the urge to walk and through practice, trial and error, we learn to walk. Initially we are conscious of the steps we make but once mastered we are not. It just becomes a natural skill. When we want to move from the lounge room to the kitchen, we do it without thinking, we get up and walk there. We don't think that we need to move our left and right legs, it happens naturally so this is our connection to the all.

The cycle below is not truly below but only
different in space and in time.

So we are all at our particular level of being at one with the all. We progress with time and space as we learn and master that which is put before us. We gain knowledge and wisdom through our effort. This takes us closer.

So in essence, when we relate that to trading, our desire to master it comes back to knowledge and wisdom through practice. We learn through trial and error and guidance from others. It is up to us to master and this requires much effort - to achieve a level where we no longer think (or become conscious) of it, it is just natural - a reflex.

When we relate this even further to trading - we understand through the law of vibration that everything has a "frequency" and through our knowledge and wisdom, we become familiar with these "frequencies". This can only be done through practice - we become familiar with these "vibrations" and react to them instinctively. We have been given the tools (thanks to fti) and if we have the desire, we continue to practice until it becomes a reflex. As we learn, other challenges are put before us until we are true masters.

Good luck to all on your own individual journeys.
  • #15,408
  • May 16, 2010 5:50am May 16, 2010 5:50am
"The cycle below is not truly below but only
different in space and in time.

So we are all at our particular level of being at one with the all. We progress with time and space as we learn and master that which is put before us. We gain knowledge and wisdom through our effort. This takes us closer.

So in essence, when we relate that to trading, our desire to master it comes back to knowledge and wisdom through practice. We learn through trial and error and guidance from others. It is up to us to master and this requires much effort - to achieve a level where we no longer think (or become conscious) of it, it is just natural - a reflex.

When we relate this even further to trading - we understand through the law of vibration that everything has a "frequency" and through our knowledge and wisdom, we become familiar with these "frequencies". This can only be done through practice - we become familiar with these "vibrations" and react to them instinctively. We have been given the tools (thanks to fti) and if we have the desire, we continue to practice until it becomes a reflex. As we learn, other challenges are put before us until we are true masters."


  • #15,409
  • Edited 6:34am May 16, 2010 5:58am | Edited 6:34am
Quoting Zoran
Thanks for that link....
Hi Zoran
This is explained "As above so below" Egyptian pyramid inscription.Explanation of the "emerald plate" Hermes Trismegistos.It's called "key cycles".You try to study, there's more.I maybe wrong translate.
"More and more distant cycle and have greater knowledge and ability to re-fusion Whole Act (return to harmony section) ... Source of wisdom, which sends forward cycles, always trying to gain new strength." PS "The growth you had in your presence and led to the existence of cause and effect = create a better cause."

Regards

PS Sorry I have not read the link, that's it.Unfortunately, the last emerald boards are not yet published.
  • #15,410
  • May 16, 2010 6:04am May 16, 2010 6:04am
Quoting Baifu
"The cycle below is not truly below but only
different in space and in time.

So we are all at our particular level of being at one with the all. We progress with time and space as we learn and master that which is put before us. We gain knowledge and wisdom through our effort. This takes us closer.

So in essence, when we relate that to trading, our desire to master it comes back to knowledge and wisdom through practice. We learn through trial and error and guidance from others. It is up to us to master and this requires much effort -...
Hi Baifu

Maybe you already know, why I wrote "who knows the cycles, he stands outside the cycles".

Regards
  • #15,411
  • May 16, 2010 6:31am May 16, 2010 6:31am
Quoting Gro
Hi Zoran
You try to calculate the percentage change(e.g. day) in a cycle (e.g. year) get a similar picture (a sufficiently long period and the exception).

... sorry but I'm just an imitation chart, try it yourself
Hey Gro

I got similar picture by using degrees of change in price. The positive phase ----> The balance point -----> The negative phase -------> The balance point ------> The positive phase again ...... "Cycles"

Please somone tell me I am not crazy again
Life is a school for the soul
  • #15,412
  • May 16, 2010 6:35am May 16, 2010 6:35am
Quoting Gro
Hi Baifu

Maybe you already know, why I wrote "who knows the cycles, he stands outside the cycles".

Regards
Hi Gro,
I am entirely earthbound, but I enjoy yours and others discussions on a higher plane, and your graphics

Rgs
baifu
  • #15,413
  • May 16, 2010 6:49am May 16, 2010 6:49am
Quoting esuffw
Hey Gro

I got similar picture by using degrees of change in price. The positive phase ----> The balance point -----> The negative phase -------> The balance point ------> The positive phase again ...... "Cycles"

Please somone tell me I am not crazy again
Hi esuffw
For example, use the pivot point and the percentages change to a chart (pivot as the center) = oscillation prices 70% and 30%trend (exception).
Regards
  • #15,414
  • Edited 7:07am May 16, 2010 6:56am | Edited 7:07am
Quoting Baifu
Hi Gro,
I am entirely earthbound, but I enjoy yours and others discussions on a higher plane, and your graphics

Rgs
baifu
Hi Baifu

"discussions on a higher plane" - "more light, more darkness is revealed" (infinite process).
"KISS" - "Keep it simple and strong" = best

but "More and more distant cycle and have greater knowledge and ability to re-fusion Whole Act"
  • #15,415
  • May 16, 2010 8:18am May 16, 2010 8:18am
Quoting Gro

but "More and more distant cycle and have greater knowledge and ability to re-fusion Whole Act"
When looking at a chart.... the patterns cycles we see in the smaller charts, we see in the larger charts - only the larger charts have preference, just like trading the overall Daily trend, sooner or later it will kick in and re-fusion the whole.

Is that the implication?
  • #15,416
  • May 16, 2010 9:27am May 16, 2010 9:27am
Hi Guys!

The only thing I am missing now, are the trading techniques of Madame Blavatzki and Krishnamurti!

We're just a step away from discussing the karma of each trader ....!!!

Read the thread, not smoke it!

Set correctly a screw is important, but if you adjust it too much, it breaks.

Rgs,

Textor

P.S.: Sorry in advance if I offend someone.
  • #15,417
  • May 16, 2010 9:34am May 16, 2010 9:34am
Quoting textor

Read the thread, not smoke it!

.

ROLF
  • #15,418
  • May 16, 2010 9:59am May 16, 2010 9:59am
Quoting textor
Hi Guys!

The only thing I am missing now, are the trading techniques of Madame Blavatzki and Krishnamurti!

We're just a step away from discussing the karma of each trader ....!!!

Read the thread, not smoke it!

Set correctly a screw is important, but if you adjust it too much, it breaks.

Rgs,

Textor

P.S.: Sorry in advance if I offend someone.
LMAO, very well said

lilpip posted a video earlier - did anyone see it? It is surprisingly factual and I found it to be a breath of fresh air. Here's a tube link:
Inserted Video
!
  • #15,419
  • May 16, 2010 10:28am May 16, 2010 10:28am
Quoting auxesis
When looking at a chart.... the patterns cycles we see in the smaller charts, we see in the larger charts - only the larger charts have preference, just like trading the overall Daily trend, sooner or later it will kick in and re-fusion the whole.

Is that the implication?
Strong attracts weak, he more strong when is more stronger the have greater enemy but bank fight in important levels? ... "David defeated Goliath"
  • #15,420
  • May 16, 2010 10:33am May 16, 2010 10:33am
Quoting textor
Hi Guys!

The only thing I am missing now, are the trading techniques of Madame Blavatzki and Krishnamurti!

We're just a step away from discussing the karma of each trader ....!!!

Read the thread, not smoke it!

Set correctly a screw is important, but if you adjust it too much, it breaks.

Rgs,

Textor

P.S.: Sorry in advance if I offend someone.
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