How to know trend or chop in REAL time

[loyek590]

This question isn't about the chop, but is about having an edge.

the only "edge" I know is cost

 

[dbphoenix]

It's so easy to separate the wheat from the chaff.

 

[loyek590]

the only "edge" I know is cost

when they invented Globex and ES, that was the first time that gamblers in Colorado in their pajamas could trade against Chicago floor traders. Move forward to 2015. How many floor traders in Chicago are left? It aint just commissions, but also living expenses, parking fees, gasoline, and communists running the Land of Lincoln.

 

[loyek590]

It's so easy to separate the wheat from the chaff.

I know my ancient ancestors use to do that, I never heard any of them say it was "easy". Their survival for the winter depended on it. I guess it is "easy" if you have a lot of wheat to start with.

 

[dbphoenix]

"Wheat" being those who are experienced and profitable traders and "chaff" being trolls.

And, yes, separating the two is easy. Not fool-proof. But easy.

 

[loyek590]

It's really getting to be boring. Some dumbshit "implies", and he never really comes out and says it and reveals it, but "implies" that he is different from "ordinary men", and has a "secret" for making money.

 

[barcadia]

So this is trending down in my view. But will it carry on, and is there a trade there if you just sat at your screen and saw this?

 

[loyek590]

"Wheat" being those who are experienced and profitable traders and "chaff" being trolls.

And, yes, separating the two is easy. Not fool-proof. But easy.

nobody that reads these forums believes you are a profitable trader. Most likely a school teacher or administrater living on our tax dollars.

 

[dbphoenix]

So this is trending down in my view. But will it carry on, and is there a trade there if you just sat at your screen and saw this?

If you were just sitting there at your screen and saw this and entered a trade without a trading plan, then whatever money you made, if any, would be pure luck. Whatever money you lost would be the result of not trading according to plan. If you had one.

 

[barcadia]

If you were just sitting there at your screen and saw this and entered a trade without a trading plan, then whatever money you made, if any, would be pure luck. Whatever money you lost would be the result of not trading according to plan. If you had one.

Hi. Well, yes. For me personally, that's true. I'm asking this of those who have a plan that works and are winners at this game. Maybe they can explain where the trade is from this point in time, and I can scroll through the chart and see if it would have worked. Might be a fun way to learn.