[Spydertrader]

Originally Posted by gucci »

Could you post a few charts with examples of tapes on them, that look like traverses

It appears you continue to miss my point.

Whatever something "looks like" in the Price Pane falls under the catagory of unimportant because a tape does not ever look like a traverse (or anything else) when observing the Volume Pane.

You can call something a tape, traverse or channel (hell, call it a goat if you like) by looking at a Price Pane, but Volume always indicates exactly what the market has built for you to see.

Without exception.

Three choices exist, and we call these three choices tapes, traverses and channels (skinny, medium and thick; or L1, L2 & L3 if you prefer different nomenclature).

No more 'Chubby' tapes.
No more 'Faster Fractal' Traverses.
No more Lateral 'Movement.'

Tapes build Traverses and Traverses Build Channels.

Again, whatever something "looks like" in the Price pane does not matter in the slightest. The Gaussians always tell you what the market has created.

Without a doubt, if asked, a roomful of traders would provide as many answers with respect to what the market created across most of today (7-20-2009). Again, if one chooses to look at what today's 'something' "looks like" by observing the Price Pane, a variety of opinions develop. However, only one possible accurate answer exists, and it resides in the signals the market has provided in The Volume Pane.

HTH.

- Spydertrader

[Neoxx]

Originally Posted by ljyoung »

It is great to have an active discussion of the method again. It is entirely possible to have a sharp, clear discussion without resorting to things 'pissy and snippy', such as condescension, ad hominems, misrepresentations, etc. It is most frequently the arrogance of ignorance which gives rise to such manoeuvers and as true discussants of the method we are above all that.

With respect to these methods, I agree that discussion can be valuable if one party is a definitive source (aka transference). Otherwise, the perceived benefit differs enormously from the actual benefit.

Originally Posted by ljyoung »

IMO, one creates an appropriate ego by putting it on the line and and building it anew when necessary. This should not be a big deal for anyone, although it does take a little practice to get used to doing it. The reward is new knowledge. Multiple moments of 'doh' will inevitably lead to a fabled 'aha'. If you experience a few 'haha's' at your own expense on the way to the 'aha', that makes it even better.

Differentiation is the path to ahas and 'new knowledge', and ego has no place there.

[ljyoung]

Originally Posted by Neoxx »

With respect to these methods, I agree that discussion can be valuable if one party is a definitive source (aka transference). Otherwise, the perceived benefit differs enormously from the actual benefit.



Differentiation is the path to ahas and 'new knowledge', and ego has no place there.

Science teaches us (and I'm quite sure the same thing can be said of other disciplines as well) that one sould be appropriately sceptical and avoid pedants. Similarly one learns to be aware and beware of knowledge by decree. There is a singular paucity of such things hereabouts. However, I do not share your need for a definitive source because in reality, IMO, there is no such person. An open mind can always learn from another open mind.

As for your second comment, I couldn't agree more.

A question for Spyder. Are you aware of situations where the trendline-Gaussian correlation falls apart?
lj

[ehorn]

The most definitive source of correct and accurate information is the market itself. Everyday it provides us feedback. It shows a trader everything he/she needs and it shows us where our strengths and/or weaknesses lie. It tells us where we are solid and where there is room for refinement. Spydertrader cannot make the journey for anyone of us but only act as a guide. In his great efforts, he has provided us all a record of the things required to learn to listen to the market and to learn from the market. I think many of us have come to a place where we feel the need to be graded on our homework. The market gives out grades everyday and it gives out homework as well.

Just my 2c

[ljyoung]

Originally Posted by ehorn »

The most definitive source of correct and accurate information is the market itself. Everyday it provides us feedback. It shows a trader everything he/she needs and it shows us where our strengths and/or weaknesses lie. It tells us where we are solid and where there is room for refinement. Spydertrader cannot make the journey for anyone of us but only act as a guide. In his great efforts, he has provided us all a record of the things required to learn to listen to the market and to learn from the market. I think many of us have come to a place where we feel the need to be graded on our homework. The market gives out grades everyday and it gives out homework as well.

Just my 2c

Well put ehorn. If I might add it also hands out detention when we're bad and think that we know more than we really do .

lj

[Spydertrader]

Originally Posted by ljyoung »

Are you aware of situations where the trendline-Gaussian correlation falls apart?
lj

No such circumstance exists - ever.

- Spydertrader

[gucci]

Originally Posted by Spydertrader »

It appears you continue to miss my point.

Such may be the case.

Originally Posted by Spydertrader »

Tapes build Traverses and Traverses Build Channels.

Again, whatever something "looks like" in the Price pane does not matter in the slightest. The Gaussians always tell you what the market has created.

HTH.

- Spydertrader

This is exactly the reason I asked to omit the Gaussians annotations but leave the ones in the Price pane on those charts. For me personally that would allow to gauge the importance of various building blocks of Gaussians.

[Neoxx]

Originally Posted by ehorn »

The most definitive source of correct and accurate information is the market itself. Everyday it provides us feedback. It shows a trader everything he/she needs and it shows us where our strengths and/or weaknesses lie. It tells us where we are solid and where there is room for refinement. Spydertrader cannot make the journey for anyone of us but only act as a guide. In his great efforts, he has provided us all a record of the things required to learn to listen to the market and to learn from the market. I think many of us have come to a place where we feel the need to be graded on our homework. The market gives out grades everyday and it gives out homework as well.

Just my 2c

Exactly.

Discussion is a poor substitute for differentiation, where the answers come from the market itself.

However, if one chooses to advance their knowledge via discussion, IMHO it should be with someone who has the answers and can act as a guide, rather than someone still searching for the answers themselves.