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Thanks for your contribution Frank.
Some people have the skill to chart-read by forward-thinking of likely events happening because those same patterns have occurred in the past. This is the theory of all forward looking methodologies. Some people like to call it predictions. But they are simply modeling patterns of likely events that might or might not take place.
These type of traders will use this skill, but will only trade when the alignments occur and subject themselves to trade when it conforms with the view. Elliot-wave is an example of forward-looking methods. So is mine. Whether the trade works or not, they simple move on to the next.
There are others like ASX gorilla who can’t, or don’t want to forward-think in probabilities using modeling patterns. They believe it can’t be done and believe that no one else can. They don’t understand it so they dismiss it. These traders rely on systems and price-based indicators to trade, and don’t give a rats-**** about trying to predict the market. When the trade comes along they take it regardless of any view, prediction or perception others make. Whether the trade works or not, they simply move on the next.
Both methods are the same: - Whether the trade works or not, they simply move to the next.
Regardless of whether you can or can’t, it makes no difference whether you use forward-looking models or not. The only thing that matters is making money by subjecting yourself to the markets, whichever method you use.
But in reality, every ‘systematic’ trade placed is literally ‘predicting’ the market, because of the belief that the past will repeat into the future. If not you wouldn’t place the trade.
I don’t think there are to many dart throwers amongst us.
BTW…fundamentals and fundamental analysis is the only thing that will make you wealthy in the market.
Technical analysis is at its best; only good for lifestyle choices and achieving an income. Sadly most traders using technical analysis would be lucky to be making more money than if they were working for someone else.
Just my view
Frank Dilernia
Prediction is prophecy, so anticipation is anticipation of what?
Been trading this using VSA and Elliott over on Radges site.
Hit the price target to the cent as you'll see.
Prediction----well I said thats the target.
Anticipation----Thats all you can do.
Makes good reading and trading,although I didnt trade the complete move.
The premise for the trade palyed out to the cent though.
Makes for some reading.
Been trading this using VSA and Elliott over on Radges site.
Hit the price target to the cent as you'll see.
Prediction----well I said thats the target.
Anticipation----Thats all you can do.
Makes good reading and trading,although I didnt trade the complete move.
The premise for the trade palyed out to the cent though.
Makes for some reading.
Prediction is prophecy, so anticipation is anticipation of what?
Too much money is lost and too much money is missed
for two simple reasons: One, trying to predict the
future, and two, fearing the future.
Semantics. You could substitute predict for hope/pray, etc. and equally say that that is a useful exercise, you just can not guarantee the outcome. Prediction without tangible (above statistically random) accuracy won't do us much good.Actually we can predict, but the achievement of the prediction is what we cannot GUARANTEE.
What predictive tools do you refer to?
If I was Wayne I would call that a disingenuous straw man argument!So W.D Gann was a lier and he wasted his whole life learning to predict markets accurately.
No you wouldn't, because it's not really a straw man argument.If I was Wayne I would call that a disingenuous straw man argument!
If I was Wayne I would call that a disingenuous straw man argument!
What the hell is a straw man?
It's a logical fallacy, one of many used by folks when debating.
http://en.wikipedia.org/wiki/Straw_man_argument
Your quote was:I hardly think that my reply was a straw man. It's a damn good point to RUB2me Gann did predict and alot of of his predictions came true.
I wanted to see Rub2me support his claims about people trying to predict markets are wasting there[sic] time. Gann is a example of a person that could do it. Magdoran is another. Bill Mclaren another example
How is that a damn good point??Trade_It said:So W.D Gann was a lier[sic] and he wasted his whole life learning to predict markets accurately.
Some people have the skill to chart-read by forward-thinking of likely events happening because those same patterns have occurred in the past. This is the theory of all forward looking methodologies. Some people like to call it predictions. But they are simply modeling patterns of likely events that might or might not take place.
This is close for me but I dont' think the macro economic is required. I like a trading Average as an indicator of overal sentiment but I like a basic fundamental big picture.
So you anticipated the prophecy would hold, not to mention the "LUCK" factor.
Anticipation stays close to what is happening now.
It is recognizing structure and order
from which a line of least resistance
is defined
Think
Roger Federer on the tennis court
supreme anticipation
The ability to read the structure
of the entire play in the moment
and the ability , skills to profit from that anticipation
ie To make winning shots
Prediction focuses on a non existent illusion
called the future
Think of an amateur tennis player
Not playing what is in front of Him
Trying to impose a preconceived ( prediction ! )
play at the wrong time
The line of least resistance
defines itself . It only needs to be observed
Time = a process , any unfolding process can be used as a clock.
Process has attributes of
evolution and revolution..............
Structure and Process are the ONE thing
seen as two aspects
Because We deal with unbounded context
Because We are not a God
Prediction is very dangerous and removes Us from what is happening.
It is trying to use feedforward... The Problem is that the future is not a reality We can use like that.
Reality is only Now...
With Feedback We can identify a line of least resistance that is present now
When it comes to endeavors of speculation and investment
Water does and can flow seemingly up hill for longer than We might think...
Apologise for the quote
But there is much much wisdom in those words
motorway
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