swTrue | Joined Jan 2016 | Status: Member | 210 Posts
Price exists outside of time, time is just a constraint or parameter we place on it. How do you step outside of time and view the market?
A couple years ago I was studying candlestick patterns and some of the traders were "combining" candle sticks to create a certain pattern. It hit me then that patterns really have no value as you could change the time frame, or the broker time and they'd disappear. A candle/bar is just a snapshot of price.
Even after a market closes prices are moving, maybe not on a visual chart, but prices are just human sentiment. We think about our trades, the values, risk etc. after a market closes. So the value/price is always in motion.
Time frames are used to "trap" price and give us a visual of price in those moments. But is viewing the market in such a way "trapping" our view of the market, or maybe misdirecting our focus?
So how do you strip that away? Is viewing a tick chart raw price… or the tape?
I think many/most traders with any significant time invested come to realize indicators have little to no value, as they're just based on price. So many revert to naked trading, just candlesticks, but is that really as naked as it gets? Or is that just one more step in the right direction?
After you removed your indicators, removed time frames and you're just left with price is that as "naked" as it gets? And most importantly does move your closer towards profitability or an edge or improved edge?
I'm sure others have had thoughts and pursued the same line of thinking so I'm interested in your thoughts and feedback. Did it lead to anywhere?