Toon Trading

tune

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This Pinocchio pin-bar business has got me thinking. I've had a look around and I have to say that the little long nosed wooden top is only the tip of the iceberg. There are cartoon characters all over the markets if you look for them. So far today I've found three hypnotic snakes, a couple of Thumpers, two Dumbos, Bill the Lizzard, Zebedee, a mummy and a baby Stegosaurus, Lucy from Peanuts moved a lot of footballs and I swear I saw something that looked like a Jabberwocky, but I could be wrong, I was kinda losing the plot by then.

I've put up a picture of one tradeworthy toon. It is, of course, the Family Stegosaurus.
 

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This Pinocchio pin-bar business has got me thinking. I've had a look around and I have to say that the little long nosed wooden top is only the tip of the iceberg. There are cartoon characters all over the markets if you look for them. So far today I've found three hypnotic snakes, a couple of Thumpers, two Dumbos, Bill the Lizzard, Zebedee, a mummy and a baby Stegosaurus, Lucy from Peanuts moved a lot of footballs and I swear I saw something that looked like a Jabberwocky, but I could be wrong, I was kinda losing the plot by then.

I've put up a picture of one tradeworthy toon. It is, of course, the Family Stegosaurus.

Excellent. You must suffer from the same genetic repeats as me!

There's lots of naughty ones too but it would be infantile and silly to start posting them.

Or would it?
:devilish:

First one to find the chart pattern c*** and b**** gets a prize....
 
It’s interesting you use a line chart, and I know your intent is humour, but…

If everyone who uses opens, closes, pins – anything that ascribes a false sense of reality to an arbitrary slice of time, stopped, and changed their charts to line, they’d realise what is really going on.

Price ‘flows’ – it doesn’t fall into neat little compartments.

The recent discussions on what is a pinbar in one persons datafeed and is not on another’s rather crystallises it all. There is NO reality in a 5 min OHLC any more than there is in a 1 hour or 1 day OHLC. We use them as a convenience. I’m constantly stunned that so many put their faith in such random stops and starts and assume they ‘mean’ something.

Try a line (free this time) and check out what still remains true; Support, Resistance and Trends – nothing else.
 
Would not a line chart simply be the same as a "close at particular time"(or whatever other price point one chose such as high/open/low/midway between the stars or whatever) chart?

One would still be choosing an arbitrary slice of time to work with so how would it really be any different except you would only be taking into account one piece of price data?

Cheers,
PKFFW
 
Excellent. You must suffer from the same genetic repeats as me!

There's lots of naughty ones too but it would be infantile and silly to start posting them.

Or would it?
:devilish:

LOL. Let me know if you track down the ellusive Bristol Backlash.
 
Would not a line chart simply be the same as a "close at particular time"(or whatever other price point one chose such as high/open/low/midway between the stars or whatever) chart?

One would still be choosing an arbitrary slice of time to work with so how would it really be any different except you would only be taking into account one piece of price data?
A Tick line. It's the absolute Truth.
 
Would not a line chart simply be the same as a "close at particular time"(or whatever other price point one chose such as high/open/low/midway between the stars or whatever) chart?

One would still be choosing an arbitrary slice of time to work with so how would it really be any different except you would only be taking into account one piece of price data?

Cheers,
PKFFW

What the bramble says is spot on. To answer your question, look for price patterns that are invariant to the choice of units. 'Pin bars are' are not one of those.
 
Wile E Coyote pins here! :jester:
 

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This Pinocchio pin-bar business has got me thinking. I've had a look around and I have to say that the little long nosed wooden top is only the tip of the iceberg. There are cartoon characters all over the markets if you look for them. So far today I've found three hypnotic snakes, a couple of Thumpers, two Dumbos, Bill the Lizzard, Zebedee, a mummy and a baby Stegosaurus, Lucy from Peanuts moved a lot of footballs and I swear I saw something that looked like a Jabberwocky, but I could be wrong, I was kinda losing the plot by then.

I've put up a picture of one tradeworthy toon. It is, of course, the Family Stegosaurus.
Fantastic! Have you been to a psychiatrist and told them what you see in the 'paint blobs' too?!?!?! :p
 
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Fantastic! Have you been to a psychiatric and told them what you see in the 'paint blobs' too?!?!?! :p

I have but to honest he knew nothing about insects. Couldn't tell an ant from an aphid if you ask me.
 
It’s interesting you use a line chart, and I know your intent is humour, but…

If everyone who uses opens, closes, pins – anything that ascribes a false sense of reality to an arbitrary slice of time, stopped, and changed their charts to line, they’d realise what is really going on.

Price ‘flows’ – it doesn’t fall into neat little compartments.

The recent discussions on what is a pinbar in one persons datafeed and is not on another’s rather crystallises it all. There is NO reality in a 5 min OHLC any more than there is in a 1 hour or 1 day OHLC. We use them as a convenience. I’m constantly stunned that so many put their faith in such random stops and starts and assume they ‘mean’ something.

Try a line (free this time) and check out what still remains true; Support, Resistance and Trends – nothing else.

Good post, and i agree to a large extent.

Also, what interests me is different interpretations of what actually is a TRUE pin bar.
Recently it seems on T2W that a long lower or upper wick alone suffices as a pin bar.
As i understood it, supplemental to this, the high/low of the candle body also needed to be within the high/low of the candle body of the candle to the left of it.
So there seems to be a looseness in the definition/interp. of what a pin bar is - i'm not saying this is the case on this thread though....just generally.

The bar initself means very little...like taking a few sentences from a book and forgetting the rest....understand what they represent within context and "failing bars" is no longer an issue...the threads on t2w do not adress correct context.
 
Im starting a poem.

A tic is a tic is a tic
price not cloaked in a toc (y)
 
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This is Tune's thread and with his permission I will. If prefered, I can start another thread.
 
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