identifying trends and patterns before they form.

[wmwmw]

when i go over my trades i have no problem identifying patterns, they are very easy to see obviously in retrospect.
but when imlive trading i dont even see the simplest most basic patterns forming
i feel like my self sabotage is showing up in blocking my ability to see patterns forming..
wtf do i do with that lol

how do you get rid of self sabotage in trading?

also any advice on reading charts that are forming..(maybe its not self sabotage maybe im just missing some important piece of knowledge that changes how i look at the charts)

The problem with you is you want to identify trends or patterns before they form. That is as stupid as it can be and hurt you a lot.

I will give you an example.
Do you take medicine before you get sick? If you do you could take one month or one year medicine before getting sick. When you really get sick you will find you took wrong medicine.At the end you may get very sick from getting too much medicine.

If you try to identify trends and patterns before they form and place trades from that point, you will lose big. If you do not place trades from that point, and only place trades after trends and patterns form, then why try to identify trends and patterns before they form?

 

[virtusa]

Do you take medicine before you get sick? If you do you could take one month or one year medicine before getting sick. When you really get sick you will find you took wrong medicine.At the end you may get very sick from getting too much medicine.

If I feel that I am probably getting sick, I can already take vitamines or anything else to avoid getting sick. My doctor even subscribes preventive medication to me for over 15 years. I never died.
Why do people get vaccinated before they are sick? To avoid getting sick.
Doing nothing might cause your death.
Do you wait till you are shure you have cancer? Or do you try to avoid getting cancer?

With your kind of examples you can proof anything. Just like a salestalk: ask what the conclusion should be and make the story such that you get the conclusion you wanted.

Do you take medicine before you get sick? If you do you could take one month or one year medicine before getting sick.

Or maybe taking these medecine saved me from getting sick.
So by definition taking medecine would make me sick?

When you really get sick you will find you took wrong medicine.At the end you may get very sick from getting too much medicine.

Why would, by definition, I take the wrong medecine? You don't know which disease if have and also not which medecine I take.
And how do you know I would get sick from taking the wrong medecine?

At the end you may get very sick from getting too much medicine.

OMG...

 

[SunTrader]

Which are different per dataprovider.

It's just a way of viewing certain data, nothing more, nothing less.

LOL just because there are chit data-providers out there doesn't invalidate that a minute, hour, day ends at a certain fixed point.

But its ok to admit you don't understand how to use timing in your trading.

Most don't.

 

[Darc]

If O.P. buys himself a Tablet or a big ass phone you need a handbag to carry in, would that satisfy the "purests" here sitting behind half a dozen monitors all day?

Remember, some people are at work all day, so have to swing or position trade using whatever they can.

 

[Darc]

Plenty of pattern recognition software out there now. Tradingview has it too.

 

[Zwaen]

LOL just because there are chit data-providers out there doesn't invalidate that a minute, hour, day ends at a certain fixed point.

But its ok to admit you don't understand how to use timing in your trading.

Most don't.

It's oke. Just realise you don't need time charts for timing

 

[SunTrader]

It's oke. Just realise you don't need time charts for timing

Really, care to elaborate on that?

 

[Handle123]

The problem with you is you want to identify trends or patterns before they form. That is as stupid as it can be and hurt you a lot.

I will give you an example.
Do you take medicine before you get sick? If you do you could take one month or one year medicine before getting sick. When you really get sick you will find you took wrong medicine.At the end you may get very sick from getting too much medicine.

If you try to identify trends and patterns before they form and place trades from that point, you will lose big. If you do not place trades from that point, and only place trades after trends and patterns form, then why try to identify trends and patterns before they form?

We will have to agree to disagree. When your a child, you get several shots not to get measles etc, so yes you taking medicine before illness, right?

I can view charts from twenty feet and identify with high degree of percentages of trend changing, I know the stats of chart patterns and knowing the answer before the question with high expectations.

What most traders don't consider, experience level is way different for each of us.

Happy Holidays all

 

[easymon1]

i dont even see the simplest most basic patterns forming

Name one pattern. (Besides the 'fomo' pattern, lol.)
Not a recommendation other than as a test of your pattern recognition chops. You can spot a double top as it forms no? and the classic entry method calls for restraint until a close below the neckline.
If you want to enter early, that's on your stats to decide whether you got the chops for that, holmes.

So on this chart, all you predictors, Which trend, What trend, Where do it, they start?
To predict is for paupers, to react is fo kangs.

 

[Zwaen]

Really, care to elaborate on that?

Simple. I define timing as making active decisions when to buy and sell. You don't need candlesticks charts for that. You don't even need charts at all (why should you?)

Happy holidays