Reason to introduce J-Chart in mike's trading forum
People have been asked me why during last year I made fun of myself to post in mike's trading forum? For fortune or for fame? neither of them.
I hope below can provide the answer
It is very difficult for the average person to accept new thing which has not previously been seen or something is beyond his imagination；that is why if someone says; " there is now a method which can predict the market future price ", the vast majority of people will think the guy is talking nonsense, if he is not an idiot, then he must be a software salesman.
Since the market trading became daily economic activities, being able to forecast future price is always in human’s dream, but it has never come true, and as the result, people will assume and strongly believe if someone really has such a capability, he should have become billionaires and would keep it locked up as top secret, why make it public?
The answer is so obvious, if we believe
"Dreams make mankind great"
" The biggest fortune in one’s life is having a chance to pursuit and realize of his dream"
Five hundred BC ago, Pythagorean advocated “earth is a sphere” had broaden human's vision and Einstein's relativity theory in last century has brought about today's atomic technology.
Like Beyonce - I Was Here lyrics, these great men's footprints left on the sands of time, they let everyone know they were here before.
May be one day in the future, with the recognition of J-Chart’s new price logic and models, I hope I can say the same.
j-chart is real nothing but a new concept in price activity through the application of chaos theory.
In short, it is just a process to find the equilibrium through restruction of time frame continuously.
At present we use it internally to trade mainly in Chinese index futures, sometimes in ES and EUR
Our server structure and internet bandwidth are not capable for commerical useage; however you can modify MP
software or even write your own tick excel display program to achieve same purpose once you understand the basic logic.
By the way, I have completed a manscript to introduce j-chart concept in English and try to publish it through Harriman, but unfortunately they could consider the book for publication only if it is professional edited. in other word my english is not good enough to convert the concept to the public.
The following 2 users say Thank You to John Chen for this post:
1) Yesterday after close, we noticed a equilibrium 2403--2383--2363 was not completed and 2383 was its balance point
if market open lower the and two ends of EQ hold then lower part of EQ shall be filled first
2) market open at 2375, it is good trade to sell the market near the BP with stop buy order above it and expect the low end of EQ will be achieved.
3) market did zigzag between 2383 and 2363 untill afternoon
4) price surged through 2383, stop buy order executed, not for long new BP 2390 seen and target estimated was 2417
5) out market before 2417
Last edited by John Chen; December 20th, 2012 at 12:50 PM.
The following user says Thank You to John Chen for this post: