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Square scaling of charts
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Square scaling of charts

  #21 (permalink)
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Fat tales ...

as in Mandelbrot?

I'd love to and I will try to explain when I can set the time aside. The same thing could be said for how do people use the "new" stuff, right?

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  #22 (permalink)
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wldman View Post
as in Mandelbrot?

I'd love to and I will try to explain when I can set the time aside. The same thing could be said for how do people use the "new" stuff, right?

I was trying to pull your leg, nevertheless with the intention to transform the subject into a serious discussion. Your first post of this thread states that

- x-axis scaling and y-axis scaling should be fixed (ok, no objections from my side)
- there should be a proper relationship (this sees me quite sceptical)

Fixed scaling has some obvious advantages.But what is a proper relationship between time and price?

I am always very sceptical, if somebody comes with angles, squares or any related stuff. I have read a few chapters by W.D Gann, and what I have found was valuable trading advice blended with a lot of unbelievable nonsense. I mostly would subscribe what he says about trading psychology, but his master methods for forecasting are somewhat flawed.

I believe that there is no such thing as a relationship between the time and price scales.

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  #23 (permalink)
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Hi Fat Tails


Okay. Thanks for clearing that up.

I understand your view "unbelievable nonsense". Sometimes I trend that way sometimes not. Gann thought of time and price as the same. Some of the geometric stuff he used "resonates" with me. Some of it reads like a sci-fi novel. So I really am not interested in debating, in great depth, Gann's methods at this time.

I do think there is a proper relationship between time and price, if at the very least, how data gets displayed on the chart. When I look at a NT chart and see price axis divisions two ticks wide...well that is just ridiculous visually. A seven tick change over the "time" represented by three bars looks like a breakout.

I just prefer a consistent "view" ..one where a 1:1 slope looks like a 45 degree line...that is what I mean by "looks right".

I'm attempting to post a webinar by Earik Bean the creator of Wave 59. I do not understand a lot of what Earik uses, but I know him and have great respect for him. His platform is, IMO the best, bar none, for analytics. I have great indies and strategies that are locked up there because I have yet to become adept at coding. I'd love to bring some of those ideas with me to a platform that integrates with my broker.

Price, Time and Geometry with Wave59

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  #24 (permalink)
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Earik Beann/Wave59.com

Earik is by far one of the best market forecasters period,

he use to present his market preview every morning not too long ago!

He is way to busy now I believe!


Wave59Videos's Channel - YouTube

........................this is his YouTube link, with some great info!

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  #25 (permalink)
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wldman View Post
Okay. Thanks for clearing that up.

I understand your view "unbelievable nonsense". Sometimes I trend that way sometimes not. Gann thought of time and price as the same. Some of the geometric stuff he used "resonates" with me. Some of it reads like a sci-fi novel. So I really am not interested in debating, in great depth, Gann's methods at this time.

I do think there is a proper relationship between time and price, if at the very least, how data gets displayed on the chart. When I look at a NT chart and see price axis divisions two ticks wide...well that is just ridiculous visually. A seven tick change over the "time" represented by three bars looks like a breakout.

I just prefer a consistent "view" ..one where a 1:1 slope looks like a 45 degree line...that is what I mean by "looks right".

I'm attempting to post a webinar by Earik Bean the creator of Wave 59. I do not understand a lot of what Earik uses, but I know him and have great respect for him. His platform is, IMO the best, bar none, for analytics. I have great indies and strategies that are locked up there because I have yet to become adept at coding. I'd love to bring some of those ideas with me to a platform that integrates with my broker.

Price, Time and Geometry with Wave59

Thank you for posting the video link. I am just watching the section Price-Time in IBM. I feel sorry to say that the video confirms my prejudice. I definitely do not want to insult anybody, but the video is alsp plain nonsense. Just continuing that tradition of Gann and in line with what I have read.

Counting forward 121 bars to find the next high, because a first high was made at 121 points, will only work, if lots of traders share that superstition and use the same bar types.

The Age of Enlightenment was in the 18th century, unfortunately a lot of false beliefs and numerology has survived until today. I just feel that I have to stand up against this from time to time.

False beliefs are dangerous. Numerology, creationism and islamic fundamentalism have the same roots,let us call the brothers in spirit. I am not astonished that Gann has also published some religious writings, but I am certainly not going to touch that stuff.

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  #26 (permalink)
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I understand that...

point of view Fat Tails. I, by choice and by belief, tend to agree with what you are saying here. I'm not going to contend. I will hold on to my statement that IMO it "looks" better as a visual when a slope of 1:1 looks like a 45 degree line on a price chart.

I do share some of Earik's approach to trading and the markets. I also find value in his product. I know what he has accomplished in trading, like Gann's tarding results, that can't be denied.

BTW, you want to help me code some indies for NT?

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  #27 (permalink)
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wldman View Post
point of view Fat Tails. I, by choice and by belief, tend to agree with what you are saying here. I'm not going to contend. I will hold on to my statement that IMO it "looks" better as a visual when a slope of 1:1 looks like a 45 degree line on a price chart.

I do share some of Earik's approach to trading and the markets. I also find value in his product. I know what he has accomplished in trading, like Gann's tarding results, that can't be denied.

BTW, you want to help me code some indies for NT?

I have a lot of requests If it simply to do and if it is neither colors nor alerts, I might take a look.

If it is complicated, you will need to convince me first that it might benefit my own trading.

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  #28 (permalink)
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wldman View Post
Okay. Thanks for clearing that up.

I understand your view "unbelievable nonsense". Sometimes I trend that way sometimes not. Gann thought of time and price as the same. Some of the geometric stuff he used "resonates" with me. Some of it reads like a sci-fi novel. So I really am not interested in debating, in great depth, Gann's methods at this time.

I do think there is a proper relationship between time and price, if at the very least, how data gets displayed on the chart. When I look at a NT chart and see price axis divisions two ticks wide...well that is just ridiculous visually. A seven tick change over the "time" represented by three bars looks like a breakout.

I just prefer a consistent "view" ..one where a 1:1 slope looks like a 45 degree line...that is what I mean by "looks right".

I'm attempting to post a webinar by Earik Bean the creator of Wave 59. I do not understand a lot of what Earik uses, but I know him and have great respect for him. His platform is, IMO the best, bar none, for analytics. I have great indies and strategies that are locked up there because I have yet to become adept at coding. I'd love to bring some of those ideas with me to a platform that integrates with my broker.

Price, Time and Geometry with Wave59

Interesting.

Saw some material done at Forexfactory on square analysis for Metatrader.

Can the square grid be added to Multichart?


Last edited by torroray; September 2nd, 2011 at 10:00 PM. Reason: adding question
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  #29 (permalink)
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Gabriyele View Post
Earik is by far one of the best market forecasters period,

he use to present his market preview every morning not too long ago!

He is way to busy now I believe!


Wave59Videos's Channel - YouTube

........................this is his YouTube link, with some great info!

Thanks for the video. I am interested in time and price. And find it very useful.
I think ninja can be used, but in a different way.

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  #30 (permalink)
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Just seeing this now



Fat Tails View Post
I have a lot of requests If it simply to do and if it is neither colors nor alerts, I might take a look.

If it is complicated, you will need to convince me first that it might benefit my own trading.

So I apologize for the poor communication. No, not alerts and color change. I'll get some things togather and would ask you to only consider it if you might find a specific value in it. DB

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