Disliked{quote} Hi Tashkent, very valid question. When we dig through the literature of finance-mathematics, we will find so many different views and thesis, and we find, that people can hardly agree on anything. It is mainly because, out of my view, that one tries to frame market, which is basically driven by social mood, greed, fear, emotions, into a mathemathical formula. Every one who follows quant trader will notice, that their models work for some time and then stop producing the desired gains. What is the reason? We can go back only a few pages to...Ignored
we all know that TS's ideas are really interesting and useful to some extend, no question. but i want to talk about his negative legacy.
his view of the market helped some people here to shape not so healthy mindset like "beating the market" - to be one step ahead of the market. they all think that there are levels, specific numbers which price must reach. if price does not go the way they projected, they call it a "fake move". they developed a habit of challenging the market in a disrespectful way, trying to make it to obey their calculations and obsession with closing every single trade for profit etc. such mindset never has led to a good ending.
that is why, i asked a few questions about their understanding of the market and their thought about the REAL REASONS behind the success of similarity or T/R zones. and the answer i was expecting was not just the statistical results. my question is much deeper than that.
As Above, So Below