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Price Forecasting with chaos


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Price Forecasting with chaos

  #611 (permalink)
 Itchymoku 
Philadelphia
 
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sakisf View Post
It's a market profile method, with custom - composite - periods whereby in each period of range a new poc is formed and then in order for chaos to be reverted to equilibrium it goes back to cover virgin poc's from previous periods or if it creates imbalance (ie leaving uncovered areas behind) it first goes to close them then goes back to previous targets. Kinda like the image attached, only John also uses smaller intraday periods like 4h/1h down to 5m profiles and combines them in his software, which is not easily replicated in mt4 at least.

It's the circle of life for triangles, something I understand quite intimately.



I'm trying to figure out a way to do this without creating custom composites, but more so with already existing daily composites or smaller. I think if you took out the whole custom aspect you might have something really special here that everyone could use.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #612 (permalink)
 
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 chr1s 
London, England
 
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this is a weird thread

Consistency over time
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  #613 (permalink)
 sharmas 
Auckland
 
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Why do you say that Chris

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  #614 (permalink)
 Itchymoku 
Philadelphia
 
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weird threads are the best threads, if this was just a normal system I probably wouldn't have lasted subscribed for so long.

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #615 (permalink)
 
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 chr1s 
London, England
 
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sharmas View Post
Why do you say that Chris

I've read the whole thread about a miracle system with no explanation even after reading the infamous post #32 where user ecmf claimed you can predict 100% the price randomly posting useless charts - yes I said it, they are useless as any constructive question is dismissed, ignored or vaguely mentioned or answered usually by "it's not market profile" or "it's not time based". Then suddenly the millionaire owner inventor shows up (who is over 70) and who has nothing else to do but to check up on his students just to take over the entire thread and posting every day (even multiple times) - thread starter mutes (is blocked what I heard).

"Trading for fun", or "nothing to prove", "I'm here to help" is what I keep hearing but here is a constructive question by Oysteryx:


and so obvious non informative, vague answer (to so many questions):

Quoting 
Look for the size of perfect equilibrium which suit you such as the lost you are willing to take



Recently some people have noticed something not right:


and you have a sudden another disciple registering on the same day he sent a defensive reply to it(the only thread he is interested in the whole of nexusfi.com (formerly BMT)):


Then when people are teased without any constructive information and would like some real info or confirmation it's not a sales pitch or vendor ad we are told it's the westerners thing to doubt and it's a cultural difference not even by John who just takes offence and said thank you good bye.

Here's the book you can borrow for ~200$
Trading with J-Chart Price forecast is possible - Kindle edition by John Chen, Eddie Chee. Professional & Technical Kindle eBooks @ Amazon.com.

The website (yeah does not work):
https://www.j-chart.at/


Important note
Don't get me wrong, I'm not profitable and had huge hopes with this thread when I found it, but I now tend to read it because it's just weird and entertaining. I tend to believe in action, reaction and balance (equilibrium - whatever you want to call it) and thermodynamics use in financial markets and again so wish anything in this thread was more useful. What I tend to think is if it was a 100% prediction it would be more popular and we would have more experienced people more interested in it like BM, Tiger etc.

Disclaimer: it's my opinion, my perception, no offence or disrespect intended if so I apologise, I'm not attacking anybody I may be just too backwards to understand it - as I said I'm unprofitable and wish there was something useful here.

You yourself @sharmas have been reading this thread for a while, may I know how has it changed your trading?

all the best
Chris

Consistency over time
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  #616 (permalink)
 sakisf 
Athens, Greece
 
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I had the same (raised by reading some blogs and the words of a friend) hope that this system would be something special. After seeing the euro charts of John and having done some analysis with excel and market profile I came to the conclusion that it's just market profile read in a different way (most of the numbers in his charts were already on mine with mp analysis). Found no real value in predicting where price would go, just random calls "My prediction is that EU would hit 1.20 and 1.00 but it is not important when because the system doesn't take time into consideration" and then post back with edits when the target is finally hit. Maybe it can point some resist & support areas in a clearer way, but you can do that with other tools too.

Unfortunately without proper explanation of the system by its creator it doesn't look like a system at all. And if the creator was indeed interested into sharing (that's the reason you post a system on a forum isn't it? the other is to promote snake oil), he wouldn't ask people to go buy his $200 book but he could give out some helpful information.

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  #617 (permalink)
 timefreedom 
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sakisf View Post
I had the same (raised by reading some blogs and the words of a friend) hope that this system would be something special. After seeing the euro charts of John and having done some analysis with excel and market profile I came to the conclusion that it's just market profile read in a different way (most of the numbers in his charts were already on mine with mp analysis). Found no real value in predicting where price would go, just random calls "My prediction is that EU would hit 1.20 and 1.00 but it is not important when because the system doesn't take time into consideration" and then post back with edits when the target is finally hit. Maybe it can point some resist & support areas in a clearer way, but you can do that with other tools too.

Unfortunately without proper explanation of the system by its creator it doesn't look like a system at all. And if the creator was indeed interested into sharing (that's the reason you post a system on a forum isn't it? the other is to promote snake oil), he wouldn't ask people to go buy his $200 book but he could give out some helpful information.

No dog in this fight... but @John Chen posted a version of his book right here in this forum. If you read this thread, there is not a single, solitary solicitation from Mr. Chen - anywhere. At no time was he trying to "sell" anyone on anything other than his unique discovery about how price can be forecast. Ironically, in his book he even posts unabridged trading statements from an Interactive Brokers account. Please... I know that doesn't prove anything. However, I've seen tons of requests for people who spout off about "how to trade" to show a trading statement. I can tell you flat out that the majority of those folks never show anything other than ego and immaturity. When they are prompted by @Big Mike to play by the rules, they pout their way into obscurity. Don't worry though, the ego is strong and false prophets are attracted to naive followers like bees to honey.

Bottom line, why pick on Mr. Chen? If you don't like his approach, you can always use something else that works better for you. I agree that most of the posts are not easy to follow - but then again, if I was typing this in something other than my native language, no one here would understand any of it.

Too bad Mr. Chen has moved on. I believe he was an asset to the forum and I enjoyed his posts.

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  #618 (permalink)
 sharmas 
Auckland
 
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Just because one doesn't understand something doesn't mean it is rubbish.

Poor guy was trying his best to explain and by reading the thread his English is not that great.

But for him his method is what brings the money home. If we were all successful traders, would we be here 23/7 looking and searching for that magical indicator.

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  #619 (permalink)
 sakisf 
Athens, Greece
 
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timefreedom View Post
No dog in this fight... but @John Chen posted a version of his book right here in this forum. If you read this thread, there is not a single, solitary solicitation from Mr. Chen - anywhere. At no time was he trying to "sell" anyone on anything other than his unique discovery about how price can be forecast. Ironically, in his book he even posts unabridged trading statements from an Interactive Brokers account. Please... I know that doesn't prove anything. However, I've seen tons of requests for people who spout off about "how to trade" to show a trading statement. I can tell you flat out that the majority of those folks never show anything other than ego and immaturity. When they are prompted by @Big Mike to play by the rules, they pout their way into obscurity. Don't worry though, the ego is strong and false prophets are attracted to naive followers like bees to honey.

Bottom line, why pick on Mr. Chen? If you don't like his approach, you can always use something else that works better for you. I agree that most of the posts are not easy to follow - but then again, if I was typing this in something other than my native language, no one here would understand any of it.

Too bad Mr. Chen has moved on. I believe he was an asset to the forum and I enjoyed his posts.

My intention was not to pick up on him or bash him in any way. I am not even asking for proof of money earned. I am genuinely interested in the system as I am still trying to match it up with what I am doing, even trying to replicate it in MT4 following what I understand from his charts and some vague references from a friend but there is really no true explanation of what he is doing other than throwing charts here and there. If I make a trading journal I am gonna put my system in depth if I want to get people to understand what I do. I am mostly annoyed from the random posting and lack of analytical explanation.

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  #620 (permalink)
 Itchymoku 
Philadelphia
 
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sharmas View Post
Just because one doesn't understand something doesn't mean it is rubbish.

Poor guy was trying his best to explain and by reading the thread his English is not that great.

But for him his method is what brings the money home. If we were all successful traders, would we be here 23/7 looking and searching for that magical indicator.

What do you do for the remaining one hour of the day????????

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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