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I think there's 2 camps..one group of people decide (after many years of frustrating attempts to prove otherwise) that price is random...and develop their system around that..namely cutting losses very quickly and trying to let winners run. Price is not random of course, but it makes their job a...

Buy and sell where retail's stop losses have been cleverly engineered to be.

Redneck... By ATR 1 you basically mean the previous day's range? Which is s very important piece of info for someone to have in their toolbox

I think an analysis of losing trades can show if you are taking trades in the right places to begin with. When the market breaks important levels it will quite often retrace soon afterwards. From this we can do various studies. 1. We can play the continuation trade....wait for retrace then jump...

There once were two friends called High and Low But ol' Stoploss whacked 'em above and below The average pips maimed Was down to timeframe Know your scale and you'll steal the show

I think a lot of people look at the market with the "for every winner there has to be a loser" mentality. While this, in essence, is true of course, I don't it's a healthy mindset to carry into this ultimate game of human psychology. This industry spends billions of dollars to lure us into...

No..it's not "just gambling"...if that's the way NS viewed it I'd be deeply dismayed ... the rabbit hole is deep.... the path is spiraling and dark....but the path CAN be known ;)

What if....The Obvious only really sussed out what was obvious with regard to the niche market of NYSE Stocks? What if... no other data other than price and time are needed to trade ANY market ? No volume, no indicators bla bla bla. What if... the future targets of price on ANY market are...

Ah, The Obvious...nice to see you make an appearance. I accept that price direction (for me anyway) isn't something I can predict with a great degree of certainty, so I must have proper control of losses. There's been a great amount of chatter on the web over the last decade or so from people...

Ok Ed48.. yes, from the NS quotes it does look like he's implying to wait for a turn like I was thinking. Maybe multiple timeframe for added probability? Turn in H1 ..wait for next turn in M15...time entry on next M5 turn. Can set stops tight below the M5 turn and not all the way down at the H1...

5. The best party to join is one where you have proof that everyone is happy. Ok, interesting. So..not just trying to get in on tops and bottoms, but maybe waiting until the turn is fully established and grabbing that slice of onward momentum?

Do you think you are near to finding out that "something"? If it's true that 95% fail (a stat I am aware of too) then surely doing the OPPOSITE of what the herd are doing is a good start? When I started trading I was obsessed with winning trades. I'm pretty sure we all start out that way..the...

Also..we're in the "risk Management" forum section. Is that by chance or is it a big clue? Control your losses and everything else falls into place...eliminate fear and greed

Hi Ed48...I see you've been following this thread for a while. Do you think you are any nearer to discovering the obvious pre-requisite? For me, the following pre-requisites would be necessary before trading any market ... 1. Knowledge of the market's trading hours and times of imminent data...

Yes, I've come to the same conclusions as you. There is no "noise". Maybe because players in m1 or m5 who are playing for 20 or 50 pips get a 100 pip spike against them they label it "noise". But the reality may be that it is someone playing the daily or h4 who has stepped in with a massive...

Oh for sure I agree, but yesterday's H,L, close and midpoint (from that daily candle) are all very important points to watch..even for an m1 scalper, wouldn't u agree ?

Hmm..interesting. So, it would appear that you are saying that the "obvious" to you is very dependent on candle patterns in m5? I've heard others who are at one with the market claim that candle timeframes are irrelevant. Obviously a great looking pin bar in m5 can totally lose it's "look" in m3...

Isn't it obvious? :D

I appreciate that if too many people discovered this "obvious" then that's no use to the big boys. They can't have too many other people knowing their intricate plans..they got big orders to fill. What I took from "the obvious" was that it must be something that's clearly visible on...

oops..chart fibs wrong on chart above..can't edit post so reposting chart...