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Neoxx
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Everything posted by Neoxx
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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.
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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.
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Spyder is a valuable - but finite - resource, and this thread represents a unique opportunity for a lot of people, from those barely out of the starting blocks, to others (myself included) who may have stumbled at certain steps on the path to differentiation. In the brief life of this thread, Spyder has already crystallized a number of important points, clarified certain others, and provided an accessible and up-to-date roadmap for continued progress. I meant nothing personal, and hope I haven't deterred you from continuing to actively participate in this thread. I simply meant it's in our collective best interests to foster an atmosphere conducive to clarity, candour and Spyder's continued input.
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I, for one, would be very disappointed if this thread became embroiled in debate, discussion and verbal sparring, for which the other contemporary thread may serve a better arena. We're grateful to have Spyder back, as what may be a 'last gasp' effort to bring everyone up to speed, and, at least in my opinion, the onus should be on promoting maximum utility. I sincerely hope this thread does not become derailed, teeter on the brink, and plummet into the precipice.
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I suspect the 11:50-12:50 lateral may have had something to do with that...
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If the price pane were blanked out in this example, should we still know we have a traverse rather than a tape? If we were expecting a Dominant (rather than a non-dominant) traverse, would the same answer hold true? Many thanks, Neo
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Here's another illustration that depicts the RTL (right trendline), LTL (left trendline) and basic volume pattern in uptrends and downtrends.
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I second this... really versatile application.