this never gets old …

CLIFF NOTES: I have NEVER taken an econ or business course in my life.  I wouldn’t begin to even know how to look at anything that has to do w/ the fundamentals.  I am not saying that fundamentals (CFA) aren’t applicable or don’t work or anything like that I am only saying I know NOTHING about them and I look at the market ONLY threw the lens of numbers and patterns.  Quite frankly, in my mid-40’s, I’m 1) too lazy and 2) not smart enough to climb the wall of the CFA or MBA in Finance.

So, I fully acknowledge that trading the market based on sacred geometry, musical theory, square roots and their inverses, geometry and  fibonacci (note I put that last) is not necessarily in the main stream.  Come on … SPOT FX is a 3-4 trillion /day market.  At any given time 1000’s if not 100,000’s of computers, eyeballs and mouse clicks are buying and selling.  And w/ the massive flow of funds on a global basis I’m going to pull the trigger on some numbers coming together based on a $50/month charting package in my pajama’s here in Leesburg, VA?  That is crazy …well, for those that know me, I am a tad bit off the beaten path.

Full disclosure, in order to step up to the plate and take the  trade I consumed the theory of “why” these numbers and concepts worked everywhere else in the world.  And, you know what?  These PATTERNS are everywhere, the same NUMBERS that govern these PATTERNS are present everywhere and since EVERYTHING is vibration then perhaps the market is also vibratory?

Let’s take, for instance, JPM.  I know JPM is a big company and I know that they do “stuff” w/ Finance, Banking, etc.  And, that’s about it.  In my mind, I only see “J P M” on the top left but other than that I just look at the PATTERNS:

I presented this and a couple more charts at the MTA Conference in 2009 as an “Emerging CMT” –

JPM at the low

JPM at the low

 

https://bartscharts.com/2013/11/19/jpm-beautiful-sell-pattern/

https://bartscharts.com/2014/03/23/jpm-updated-w-a-sell-pattern-complete/

April 18 2014 JPM

I think the PATTERNS are the holy grail … because they work EVERY TIME.  TILT …?  Are you saying they are perfect?  YES – they are perfect at letting you know where you are wrong so you can manage the risk each and every time !!!!!!

To put this in context … let’s visit a book that is necessary in every investors library.  Mark Douglas ‘s Trading in the Zone 

  1. Anything can happen
  2. You DO NOT need to know what is going to happen next in order to make money
  3. There is a random distribution between wins and losses for any given set of variables that define and edge
  4. An edge is nothing more than an indication of a higher probability of one thing happening over an other.
  5. Every moment in the market is unique.

Here is my edge, which never gets old:

Have a wonderful weekend w/ family and friends …

B

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