..and finally, the single candle of 6:00-7:00 hours of the previous contains most of this chart on the left. We cannot go further : charts cannot subdivise 1 sec or half second or range 1, or 1 tick, it doesn't make sense. The analogy of price action with the mind-blowing world of fractals stops here. But here an other idea comes to mind with force : if the end of subdivision is (almost) axiomatically proven here, the possibility to move in opposite direction is mathematically possible : to move from 1 sec to larger time entities, to take the river in reverse, with accurate results.P.S. the above has to be proven and the way from an idea to the proof of this can be long. Besides, as I try to convince my friend Andrea Oppenheimer, trading is NOT a rocket science, just a pattern recognition "game"...
4 comments:
from Wikipedia here's an example of "Self similarity":
In mathematics, a self-similar object is exactly or approximately similar to a part of itself. Many objects in the real world, such as coastlines, are statistically self-similar: parts of them show the same statistical properties at many scales. Self-similarity is a typical property of fractals.
Scale invariance is an exact form of self-similarity where at any magnification there is a smaller piece of the object that is similar to the whole.
I deeply believe in Forex currency pair self-similarity. And you know how much
But that's what my indicators are for... help people find patterns :) like the rainbow does... my "science" is this. At least is what I try to do and what'd like to make a living with :D Find ways to "read" what's already written in charts and make them "beautiful" (and profitable).
Here's beautiful article written by Benoit 10 years ago that's a must for "fractal traders" ;)
http://www.scientificamerican.com/article.cfm?id=multifractals-explain-wall-street
Thanks again my friend and master!
Yours,
Andrea Oppenheimer
Fabulous!
I very much agree with your observation.
kind regards
pescador
Good observation mate, this is why I love to be a regular visitor here as they are always coming up with amazing stuff. Whenever I trade I use analysis from my current broker OctaFX and it’s deadly accurate but yet I always love to visit here in extra time to know more so overall it’s fantastic and we can perform so much better with these sort of things as it not gives great knowledge but the experience we get is just unbelievable.
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