Crap Buddist
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Is it ? or is it possible , what do people think ?
trendie said:this should be a good thread, CB.
Didnt Gann think time was more important, since it identified turning points and such?
Anyway, the question itself is quite broad, so you might want to postulate something more specific.Somewhere on this site, there was a guy who suggested trading the full-moon cycles on the Dow.
(And Delta is all moon-cycles and such.)
I dont know if it has been suggested before, but how about resetting all our charts to 25-hours cycles?
( I read somewhere that the human bodys natural rhythm is 25 hours, not 24. So this might explain periods of productivity and ineffectiveness, and this may get reflected in the markets, since they are a reflection of peoples moods, etc. )
PKFFW said:Is not time merely an illusional frame of reference? A construct of the mind?
If it were not such, would it not then be the fifth fundamental force of the universe?
To make a profit in trading involves at least 2 dimensions:Crap Buddist said:Is it ? or is it possible , what do people think ?
Charlton said:To make a profit in trading involves at least 2 dimensions:
- Linear : market direction and extent of market direction at least to cover costs
- Time
Time - entry and exit points, where time and the linear dimension come together in the correct formation and at the best point in the market or instrument's cycle
Time - certain times in the market e.g. first and last hours of opening, lunchtime we can see different behaviour patterns
Time - watch orders on level 2. How do they move in boh quantity and price level as a function of time ? Accelerating, decelerating, fast, slow, static
Time - time window over which prices rise and fall. What is its importance ? What is the lost opportunity cost of alternative trades/investments durnig the same time window ?
Time - time decay of certain instruments such as options
Time - futurology
Time - TO GO
Charlton
There are many who believe that the markets are Chaotic rather than Random, myself included.
There are two approaches (other than Delta and Gann) that I know of which unravel the chaos in the markets to identify points in time in the future when 'something' will happen.
They do not point to what will happen, but point to the time of it - a kind of futureology.
The essence of how they work is based on Chaos theory.
In simple terms an event (e.g. News, rumour etc which would represent an Initial Condition in Chaos Theory) will cause decaying ripples in the market like a stone thrown into water. The ripples interract with ripples from other events and from other ripple interractions to make new ripples. Essentially you are looking at additive, subtractive or net-zero waveform combinations.
There are 8 different things that can happen at the appointed time but you do not know which it one will be on each occasion. However the most frequent happening is a reversal, which many might jump on gleefully to use as the Entry and forget all about the more important topics of Risk Management, Exit, Position Size, Expectancy etc.
And just to make things more complex, there are often periods when Price gets ahead of Time or vice versa, so the appointed time shifts and you have to be able to identify these aberrations and make adjustments for them, or if you are unsure, stand aside and do nothing.
Glenn