Do Trendlines work?

Quote from icarus618:

This is the skill without which there is no consistency of money making. There are some major blocks to acquiring it. E.g., How do you convey believing in the absolute obligation to share responsibilities with the market? How do you convey avoiding having a singular focus on any particular market data? How do you convey removing being right as a focus in trading? None of the blocks are in the data sets the market provides, including trendlines. It seemed to me that this part of the learning wasn't completed the last time around. If you would continue with this discussion, it might promote a lot of growth in people.



You've spent a lot of effort laying the foundation. Without chilling the discussion, what can we do to move to new territory building from what we have?
More...

Thank you so much for upgrading the level of consideration. All of these Q's and those of other contributors is where we need to go to achieve the true potentials of ourselves.

I also feel the insightful comments of David (DKM) on the pragmatic considerations of how to size up things when you have a comprehensive view and can "see" "noise", etc in the market. I feel it is possible to build competence in handling more and more opportunities as depth is achieved. A lto of this fits into recognizing that a lot of the drawdown views are substitutes for timely actions to make money. what I continualy suggest is how to improve via a process of stopping losing money, going to ashes and then using former loss situations as money makers instead. Walking through this sequence is difficult because there has to be a concern on the table at all times of not diminishing the performance orientation previously achieved with regard to the big pieces of the puzzle. The continuing sweeping based upon relative importance of the factors is where the answer is found.

How ET has the potential to support a vast variety of profitable traders is illustrated by this group of pages. There also appears a subset of distractions that , in effect, show how personal past history shapes a person's approach to relating to others.

I am very willing to continue to seek the higher ground (insert the latin here..lol) that has come to the fore. Detractors can say as they wish; This contrast will only serve to show the depth and value of the suggestions now being made.

I believe that the CPM for getting to expert is to synthesize foundational blocks that individually constructed by reasoning though very basic market variable relationships. Markets are huge compared to the profits individuals require for living the better life styles. Money abounds and it is ever present. there is nothing abstract about realizing the potential of extracting it.

lets work on being helpful.
 
Quote from dkm:

It would seem that horizontal S/R is playing a greater role than the channel. Just an observation.
More...

Yes, dkm that is very notable too.

I does keep poking a little lower each time
though.
 
You must log in or register to reply here.
Back
Top