From the Moderators:
PLEASE READ THIS - and heed the warning
This thread is devoted to Socrates' allegories relating to trader psychology, which combine to help raise advanced traders from the basement to the rarified levels of trading attained by very few. This thread forms part of the 'dark arts' of trading using just price and volume bars (no indicators or signals), and on this thread the practitioners of price and volume are referred to as 'darksiders'.
This thread is NOT to be used for debate, nor for posting your opinions of the style/manner in which this thread is formed - it is solely for those who are prepared to respond in a respectful and educated manner to the allegories and experiences posed by Socrates.
Debate and opinions can be posted on 8,000 threads on these boards but NOT on this thread nor the No Indicators Revisited thread.
TAKE NOTE:
ANYONE WHO DISRUPTS THIS THREAD by making repeated comment which is deemed by any Mod to be unfit (including but not limited to being rude, personal, aggressive, highly opinionated, egotistical, antagonistic, pointless or stupid) WILL BE BANNED, initially for one week (and extended for any further violation including use of duplicate nicks), and/or their POSTS WILL BE REMOVED without further reference to the poster.
Regrettably this has had to be stated as there are a handful of posters on these boards who have neither the manners nor the respect to allow other traders to share their valuable knowledge with others in posts on this thread, and on the No Indicators Revisted thread, without being attacked.
##################################################
##################################################
##################################################
## ANIMAL LESSON NUMBER ONE ## FIRST PART:~
Dear Frugi,
Ok, I understand your difficulty.
Let us create a model.
The model we will create will be a simple one whose function will be to illustrate a point.
Supposing we find ourselves in the jungle, in Brazil, and we are lucky to see the twig bird in action.
This is most likely to be the sequence of events.
The twig bird flies in with a very thin twig in its beak. It lands on a decaying tree trunk lying on its side, in a clearing. It finds a little hole in which there is a worm. It prods the worm with the twig.
The worm recoils and hides deeper in the hole. The bird persists. The worm moves from the first hole to another hole because underneath is a honecomb of tunnels the worms have burrowed. The bird drops the twig and flies away. Is this a failure ? No .
The bird returns and lands on the same spot., with a larger, but shorrter twig in its beak.
It puts its attention on the same hole as before. It picks up the thin twig in its beak. it proceeds to prod the same worm again. The worm squirms and migrates.
The bird observes this and uses the larger twig to plug a potential exit. It prods again using the thin twig. The worm squirms and migrates in another direction.The bird flies off again.
This time the bird has two twigs in its beak, both fat and short. The two fat twigs are laid down on the tree trunk. The bird once again picks up the thin twig and begins to prod. The worm squirms.
The bird chooses a hole to plug and plugs it. This process of prodding and plugging is continued until the worm is forced to come out of the only available hole that is not plugged
The bird has a very long beak, like a kingfisher. It plucks the worm and flies away with it.
Now sir, what I have explained to you above is a parallel model of what happened with the bars.
The last bar was dropped down just sufficiently to trigger the stop, this winkled out the targeted instrument in a similar way that the worm was winkled out of the hole.
If you do not still understand it I am willing to explain it again until you do.
CONTINUED ON #6
__________________
SOCRATES
There is a very fine line dividing sense from nonsense.
The great majority are unaware of its existence, or, choose to ignore it. Consequently they succeed in misdirecting themselves to choose the wrong side of this line, for reasons best known to themselves. This is a source of amazement to those very few able to correctly logically deduce and reason, viewing nearly everything you will encounter here as nonsense, pure nonsense, that the majority ultimately embrace.
--------------------------------------------------------------------------------
Last edited by SOCRATES : 04-06-2004 at 12:01 AM.
SOCRATES
View Public Profile
Send a private message to SOCRATES
Find More Posts by SOCRATES
Add SOCRATES to Your Buddy List
02-06-2004, 02:07 AM #2
china white
Veteran Member
Join Date: Jan 2003
Location: A dark-sider to the bone
Posts: 751
just noticed - a bird in brasil - sounds like me love life......
There you go penrithem, my pleasure...click on search for a post...enter the title of the thread and it wiil come up ...4th page I think.
