Intuitive?
If you want to fail as a trader, study TA
- Thread starter The Expert
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FA,
How would you define trend days and range days â specifically?
Need to define something â before it can be identified and/ or planned for
Otherwise weâre standing in the dark, blindfolded, shooting at a moving target
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With respect to NRBâs and WRBâs
There is an indicator that gives an indication (go figure) what the next bar may look likeâ¦
(I say may because with regard to the mkt â nothing is set in stone except our maximum acceptable loss for each trade)
Likely weâll want to ferret this indicator out and add it to our analysis package â that is as long as weâre able to explain how it could be used
RN
Blox87
IA
Interactive?
Interpretive ?
Inside?
Illegal? Goldman Sachs style
BX
No Sir
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AMP
Intentional
OR
Irrational
AMP
No Sir
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FA
Intuitive?
FA
No Sir
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I appreciate how hard it is to read anotherâs mind â but I would suggest that is what we do every day â read the mktâs collective mind
The I has to do with priceâs action⦠(not to be confused with price action trading)
RN
IA
Interactive?
Interpretive ?
Inside?
Illegal? Goldman Sachs style
BX
No Sir
-------------------------------
AMP
Intentional
OR
Irrational
AMP
No Sir
-------------------------------
FA
Intuitive?
FA
No Sir
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I appreciate how hard it is to read anotherâs mind â but I would suggest that is what we do every day â read the mktâs collective mind
The I has to do with priceâs action⦠(not to be confused with price action trading)
RN
FA
I respect your honesty
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Youâre facing a dilemma we all face
Folks just starting out have a series of locked doors (questions) they must unlock (answer), each door has a different key, some doors lead to solutions, some doors lead to dead ends, some doors lead to peril â that if they donât recognize, turn around and go back â they failâ¦
Get through the correct doors â you succeed â donât and you fail
But (always a but) â become a successful trader and the problems are solved right â nope
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Being a trader is a nonstop process of asking questions, thinking through the questions, connecting the dots, finding answers, applying answers⦠And going back to square one and starting over if the answer turns out not to be the solution â as often is the caseâ¦
Iow â each day every trader faces a series of unique locked doors (questions)
Examplesâ¦
Which way is the mkt headed
What is price doing
Should I go long or short
Is this trade going to work
Where should I exit/ when should I exit
Is the mkt changing/ how is it changing
etc.. etc⦠etc⦠etc⦠Ad infinitum
We work, and thrive â in a world of uncertainty, and never ending questionsâ¦
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Your post and the bart clip is an exercise in thinking, connecting dots, and finding a solutionâ¦.
So think about what you posted⦠look at a chart⦠look at the videoâ¦try and identify a connection between a chart, the video and what you posted. Come up with an answer⦠see if the answer is the solution, start over and do it again if it is notâ¦
btw... Another vital skill is being able to repeatedly clear your mind and begin anew as if nothing ever happened
Never be hesitant to post your questionsâ¦..
However if youâd rather â just say so and I will PM you the answerâ its all goodâ¦â¦
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This is just one â of the gazillion â questions you will face and need to solve in your trading â just as we all did â just as we all do â every single day.
Weâll make the time â if you decide to do the work Sirâ¦.
RN
RN is back, with a smack
now listen up, you little pup
TE is bad, and often mad
to see the twits, and stupid gits
they talk of this, but who gives piss
for matter not, it is all snot
they think they know, of what to show
a few are quick, and know they thick
if u have cents, sit on the fence
RN no fool, and has the tool
he say IA, and think you may
it is no tool, wrong again, you fool
IA you see, is what it BE
no squiggly art, will show the start
for when you sit, like a twit
you must know, it's all a show
to win a dime, you must hear chime
for when it ring, it sure does sing
the A is fact, as in ACT
the I you see, is really E
TE
Or B&E...
Bartman, move in time to the rhythm of the Market? IOW, no bias, just take your cue from the PA and anticipate & act accordingly...
In simple terms...
Trend day = WRB
Range day = NRB
I've had a long hard think about how, where and why I've lost money, not banked open profit and left money on the table, it all boils down pretty much to having a directional bias based on fundys & technicals more suited to position trading than day trading, trading NRBs like they're WRBs and vice versa. Looking for stuff to justify my bias rather than reading PA.
RN & TE, thanks for your insights & poetry...
Bartman, move in time to the rhythm of the Market? IOW, no bias, just take your cue from the PA and anticipate & act accordingly...
In simple terms...
Trend day = WRB
Range day = NRB
I've had a long hard think about how, where and why I've lost money, not banked open profit and left money on the table, it all boils down pretty much to having a directional bias based on fundys & technicals more suited to position trading than day trading, trading NRBs like they're WRBs and vice versa. Looking for stuff to justify my bias rather than reading PA.
RN & TE, thanks for your insights & poetry...
FA is right, in hindsight
the Key u see, not RN..nor TE
the only cure, is know for sure
what will B, will always BE
but be no fool, u need the tool
for to trade blind, is without mind
a fool u see, thinks like HE
and HE knows all, but all is small
there is a way, to make more hay
when sun shine bright, get into flight
ride on the wing, as long as sing
when not in pitch, it best to ditch
as long as u, are in cue
a click of right, ur back in flight
for many think, when tune do sink
it's finished song, but that is wrong
the song not up, just take a cup
for moves u see, are what they BE
most not know, that money flow
in and out, with a shout
it matter no, what make it so
what matter thee, is that you SEE
a gambler win, when the spin
is fast then slow, makes $$$ grow
so u read this, and think it piss
but piss it not, it really swot
the fools u see, think they be
the ones who know, what makes the show
the show is set, and for to get
u must be cool, and not a fool
as TE say, to make more hay
u have to SEE, that B is BE
but what bout rest, for they not jest
and books galore, do match the score
not surely be, such as TE
RN and few, but know the cue
the choice for YOU, is easy too
just stop and think, and use some ink
if sense it be, and common see
it is no farce, get OFF YOUR ARSE
TE
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