Why is it hard or why do we or don't we? It's hard for me too but I try to do what the market is telling me to do according to my goal of following the trend at hand and pulling money out. The rest is just not that important, such as my conflicting feelings. If it's telling me it's going a certain way, I probably should be on board. Unless of course I don't want to. Then I probably should answer why I don't want to be exposed. If it's just because I'm scared of losing, I need to balance that with what's going on in the market. Strong moves should be participated in. If I'm not, there's something wrong.
The reason I dont use any indicators
- Thread starter Grantx
- Start date
Buy strength and sell weakness. He says we are all conditoned with it. Perhaps its a natural thing to be contrarian. Im wondering why that is.
Thats what i want to understand and deal with. I dont like hard and i dont like unecessary effort if i can help it. This shouldnt be hard and i want to address any weakness of mine no matter how subtle. I used to be a tool jig and die maker by trade and i like things to be squared away.
I'll take a stab at it. Most people from my observation want to be right, and relevant. The market teaches me that I'm wrong a lot, and my opinions about it don't matter much. People also seek comfort, which in market terms is the nearest price level. When it gets away from that, they seek to control it by buying weakness or selling strength. Subconsciously, of course. The longer a market spends in consolidation, the more violent the breakout. The market will allow you to make money buying weakness and selling strength, then take it all away and more. That's my story and I'm sticking to it. Ha!
I'm in agreeance with that. You're probably better than most at planning trades, judging from your previous training. But you measure the market somehow, just like before. So we don't necessarily call that an indicator, but it may be subconscious. I have started using the opening more often as a gauge of weakness or strength. Its not a numerical indicator a la Mark Fisher, just a general sense of how things were received in the overall context of the ongoing trend. But I guess some would call that a technical indicator. It would be interesting to sit with another willing trader and try to see what they see inside their head. A winning trader. I already know what goes on in the head of a loser.
i can but i don't want because i take care of my privacy and also would have to share too much things to proof my point of view. things that i don't want to share.
Well then why mention it in the first place?
You sound like a noob trying to prove your superiority, but all talk and no do.
Like we say in Texas...all hat and no cattle.