Trendlines are so linear but price is non-linear. btw, this isn't a comment about anything or anyone on this thread fwiw, just a comment about linearity...
I lied, not sure way, guess I wanted to be nice. That was a comment about a chart i saw here. Confession is good for the soul. I was acutally amused by the trendlines that were capturing price and suspending it in air without rules for how to deal with the whips that were sure to come, because the chart already was full of chop, which of course all had nice neat trendlines supporting it... after it had moved to those new locations of course. yeah a little sarcasm but..
rules for trading chop are defined before hand not after it moves and a new congestion pattern forms within those tight flag boundaries, and defining movement out of the congestion area verses traps that just poke out and back in... might wanna have a plan for that.
Don't know what's bothering me yet but if i keep writing maybe I'll sort it out. Oh, it's all those projects, I enjoy them but when I get distracted it's sometimes hard to get back to them. I told someone yesterday that I accepted it was my responsiblity to control the ammount of time I spend on the net so there's still time to code.
I haven't been to this site in awhile, I don't need another site, so that's nagging at me too... but if I look at this from the perspective I had when I came here tonight this isn't just another site, it's a replacement for some places I've been spending lots of time. That puts a smile back on my face because it means it's not necessarily more time spent on the net.
However, I've yet to meet many people that actually use TA other than those that think combining a few indicators will produce profits. <sigh> I'm happy ya'll think that works and glad to trade against you. And I don't want to share proprietary ideas but I do want to discuss TA if it can be subverted so the actual variables are concealed beneath layers of talk about conventional indicators. The rules often will be similar but 1 produces a profit while the other doesn't.
And ... There are moments I don't mind sharing bits of proprietary material because the feedback helps me better understand it. But there needs to be like minded traders to share with. I'm obviously on the wrong thread! But where on iHub are there good traders? I've an idea... I'll look up LG and see if he's here.
