Thomas DeMark: Help needed to explain a sentence | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

[Book Discussion] Thomas R Demark - New Science of Technical Analysis - Chapter 1 30 replies

Demark TL EA needed 0 replies

Pls help with this english sentence 2 replies

Can anyone explain this indicator from DeMark to me? 7 replies

Demark arrow please explain 3 replies

Attachments: Thomas DeMark: Help needed to explain a sentence
Exit Attachments

Thomas DeMark: Help needed to explain a sentence

  • #1
  • First Post: Oct 19, 2012 5:19pm Oct 19, 2012 5:19pm
I am studying one interesting book that has a lot of fresh ideas for me, but I am not a fan of authors writing skills and explanations. English is not my native language and although I understand every word of the sentence, I just can't get the whole picture...

"Simply described, valise is a series of four closing price comparisons - at a price bottom, the most recent closing price is less than the previous trading day's close, and the trading day prior to the lowest close is an up close compared to the close two days before the lowest close, and both the trading days immediately prior to the up close are down closes versus each respective previous trading day's close."

Thanks!
  • #2
  • Oct 20, 2012 1:30am Oct 20, 2012 1:30am
Quoting ARTjoMS
I am studying one interesting book that has a lot of fresh ideas for me, but I am not a fan of authors writing skills and explanations. English is not my native language and although I understand every word of the sentence, I just can't get the whole picture...

"Simply described, valise is a series of four closing price comparisons - at a price bottom, the most recent closing price is less than the previous trading day's close, and the trading day prior to the lowest close is an up close compared to the close two days before the lowest close,...
are u sure author of this book is making money out of trading financial markets?
  • #3
  • Oct 20, 2012 9:23am Oct 20, 2012 9:23am
Quoting Hakimi
are u sure author of this book is making money out of trading financial markets?
I think so, but decide yourself:
http://en.wikipedia.org/wiki/Thomas_DeMark
  • #4
  • Oct 20, 2012 9:36am Oct 20, 2012 9:36am
Quoting ARTjoMS
I think so, but decide yourself:
http://en.wikipedia.org/wiki/Thomas_DeMark
respect for this guy....
  • #5
  • Oct 20, 2012 8:07pm Oct 20, 2012 8:07pm
I'll give it a shot
Attached Image (click to enlarge)
Click to Enlarge Name: explanation1.gif Size: 31 KB
  • #6
  • Oct 20, 2012 8:40pm Oct 20, 2012 8:40pm
Maybe it's a reversal pattern
Attached Image (click to enlarge)
Click to Enlarge Name: explanation2.gif Size: 23 KB
  • #7
  • Oct 20, 2012 9:29pm Oct 20, 2012 9:29pm
Off topic, but I want to say this:

The author probably thinks he's so smart that many people don't even understand what he writes. Well, I believe the opposite and I believe he doesn't know how to communicate properly. If he doesn't know how to make people understand, what's the point of writing a book then?

Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction. - Albert Einstein
  • #8
  • Oct 20, 2012 10:31pm Oct 20, 2012 10:31pm
Quoting BrainB
Off topic, but I want to say this:

The author probably thinks he's so smart that many people don't even understand what he writes. Well, I believe the opposite and I believe he doesn't know how to communicate properly. If he doesn't know how to make people understand, what's the point of writing a book then?

Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction. - Albert Einstein
exactly...
  • #9
  • Oct 20, 2012 10:36pm Oct 20, 2012 10:36pm
Quoting BrainB
Off topic, but I want to say this:

The author probably thinks he's so smart that many people don't even understand what he writes. Well, I believe the opposite and I believe he doesn't know how to communicate properly. If he doesn't know how to make people understand, what's the point of writing a book then?

Any intelligent fool can make things bigger and more complex... It takes a touch of genius - and a lot of courage to move in the opposite direction. - Albert Einstein
Well, I read his his reasoning for writing the first book - he didn't like when someone is selling his ideas.. (especially trying to sell it to him) so.. he put trademarks on his ideas/indicators this way.

I think he wrote 2nd book (he started to explain, but I went on to chapters that I am interested to), because he got that sort of negative feedback that many readers complained that they don't fully understand his ideas...

Well this was not his idea (sentence above), he just mentioned it and there was no picture as well.
  • #10
  • Last Post: Oct 20, 2012 11:03pm Oct 20, 2012 11:03pm
Quoting ARTjoMS
I am studying one interesting book that has a lot of fresh ideas for me, but I am not a fan of authors writing skills and explanations. English is not my native language and although I understand every word of the sentence, I just can't get the whole picture...

"Simply described, valise is a series of four closing price comparisons - at a price bottom, the most recent closing price is less than the previous trading day's close, and the trading day prior to the lowest close is an up close compared to the close two days before the lowest close,...
Now, that's a mouthful and it would have been great if the author just wrote it in easy terms rather than go for this version. If I were to take a guess, he probably wrote the long version in order to make up for the word count, number of pages etc. Don't think I will want to read any of his books if this is what we can look forward to..
0 traders viewing now