Babylon, the city where everybody spoke different languages. In the end, Babylon met grave consequences.
(Macro perspective of the main chart)
Citizens of Babylon, in our case traders, can barely communicate. They all speak in different timeframes, and with contradicting interests. Which translator in their right mind can untangle spaghetti?
Many different lengths of regression. How can any translator give a geographic position of anything?
Even if I try to make an argument... ... I am plotting arbitrary lines. (bearish trendlines)
A line is nothing but weak. It can easily "disprove" what I have "proved". (bullish trendline)
If we are to leap ahead, we must throw away all of which we are sure to be correct. Surely there is something we can agree upon, right?
For I was conscious that I knew practically nothing... -Plato
It seems that everything is based around the chaos theory. The flight of a butterfly can affect tornadoes.
Traders (like me) fall in the trap of making chaos into facts and arguments, and conclude into definitive answers.
Clean and ordered answers taken out of chaos. Ordo Ab Chao
Is anything/everything that we do a desperate attempt to revert entropy/chaos? Like an insane ritual?
Maybe we know nothing. Maybe making arguments and conclusions is meaningless.
Tread lightly, for this is hallowed ground. -Father Grigori
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TradingView itself has quoted it, slight paraphrase: By the time you find the keys to the market, they change the locks. Does anything of what we are sure that works, really work?
Its not what you think or I think is true, its what the majority think and how the herd is thinking. Many retail traders think trendlines are real, seasonality is real and patterns are real. Understand how to be influenced and how the majority is being influenced, and manage your trade as risk reward calculations shifts. Price is king know your stock price and fib levels and averages and you will know when you have a discount to buy or profits to take or the time to short a loser stock.