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Random Line Theory
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Created: by Big Mike Attachments:101

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Random Line Theory

  #361 (permalink)
Legendary market donator
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Rrrracer's Avatar
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LOL you might try reading the thread.

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  #362 (permalink)
Sarasota FL
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I really wanted to not respond to anything relating to this thread any more.

But I am weak.

The point of the thread, and of the experiment, if anyone will actually do it and reflect on it, is not anything about randomness, and certainly not about trading based on random lines (!!!). Also, it is absolutely not about either that everything is random (which it isn't), nor that you can make money by being random yourself (duh. You can't).

It's about how your mind sees things in hindsight that don't really exist.

And it's an experiment. You can try it and see what you think. @Big Mike's explanations in the first couple of posts were pretty clear about that. Do it and see what you think.

If this doesn't speak to you, or help you in understanding your own trading when it isn't successful, then just move on. Nothing to see here. But, on the other hand, it might.

And I agree with @Rrrracer: read the whole thread.


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  #363 (permalink)
Barranquilla - Atlantico / COLOMBIA
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Big Mike View Post

OK, I am giving up on the thread. Was just trying to help.


Indeed you did it, and I think am not the only one.
This thread was an eye/brain opener to me.

Thank you @Big Mike for sharing.

Don't hesitate, just trade!

Last edited by mzabarain; January 18th, 2019 at 09:54 PM.
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  #364 (permalink)
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Thoughts from my diary regarding this topic. I used to disrespect lines I had drawn on my chart. In the back of my mind was always this voice telling me it is nonsense because of the 'conventional wisdom' regarding random line theory. The struggle was real. On one hand, I would go to the effort of identifying swings on the chart, but on the other hand, I would not truly trust my work. I was giving authority to the opinions of others and not backing my own analysis. Its a massive internal conflict which, until addressed, will have hugely negative consequences in your decision making abilities.

So what does a line actually mean? Its not a signal to do anything. Do not feel compelled to act when price reaches it. The line is simply a notification to your future self, that, should you see an event unfolding at this location (whatever your trading signal is) then the signal has significance.

For instance, if you hunt reversals in choppy conditions, then a highly effective way to do so is VSA. This trading technique requires that you plan and lay your charts out appropriately prior to taking trades. It is impossible to trade PA VSA without this kind of preperation.

A line does not represent your opinion of the market. A line is not guesswork. The swings you identify are fact. You have to learn to trust yourself 100%.

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  #365 (permalink)
Los Angels
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Just adding to the chatter. Here are some parallel lines on a 100 year chart.

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Random Line Theory-100-year-s-p.png  
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  #366 (permalink)
Los Angels
Trading Experience: Intermediate
Platform: TradeStation
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Posts: 61 since Aug 2018
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SidewalkAerobics View Post
Just adding to the chatter. Here are some parallel lines on a 100 year chart.

The third time price crosses the line the market will make a new high. Unless it doesn't...

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