Originally, this section presented a research paper by Linda Bradford Raschke of LBR.Group.USA on mechanical systems, the mechanics of tape reading and reading the market. Publication of the text has been discontinued, the essence of which is contained in the following parable. Those interested can obtain further details from either www.lbrgroup.com or camron.systems.australia
a parable - miyagi - the ways of the master
Daniel, an innocent who migrates to the big city with his mother, is set upon by a group of bullies, who are students of the local martial arts school. Miyagi, the quiet, zen-like master, in the guise of an elderly unassuming Japanese gardener, steps from the shadows and single-handedly saves Daniel. Daniel asks Miyagi to teach him the ways of the master. Miyagi agrees providing Daniel does everything asked of him, without question. Agreeing, Daniel turns up at Miyagi's each morning. The first week Miyagi puts Daniel to work painting his fence. Brush up, brush down. Brush up, brush down. On completion of each coat, starts over again. The second week Daniel has to polish and wax Miyagi's collection of vintage cars. Wax on, wax off, wipe on, wipe off, wipe on, wipe off. On completion of the last car, he starts over, again. Wipe on, wipe off. End of the second week, back to the fence. Wanting instant mastery, Daniel eventually asks Miyagi when is he going to begin to teach him the ways of the master.
the above, re-cast in a trading setting, reads as follows
Daniel, a novice trader migrates to the futures market, where he is promptly cleaned out by the merciless market. Uncertain as to why, he seeks the assistance of Miyagi a quiet unassuming master trader. Miyagi puts him to work watching every trade, every tick, every sale. Every bid, ask, bid volume, ask volume, trade volume. Writing them all down. Page after page. Week after week. Reading the market. Wax on, wax off, wipe on, wipe off, brush up, brush down. Impatient for instant success, Daniel eventually asks Miyagi when is he going to begin to teach him the ways of the master.
Parzival is naive and foolish, having been sheltered from the dangers of the chivalric world by his mother.
related topics
tape reading is the apprenticeship --»
the road less travelled --»
the road to mastery --»
the connection between parzival, miyagi, the masters and the apprentices --»
