A post from TOBY400 which was a good post however there are manipulative tactics and if you read it carefully it almost could be a MEMO from someone who has placed themselves above me in the hierarchy of my own journal. what if we PRETEND for a moment that TOBY400 is my boss my manager at a company and I am a worker bee below him who is working on a trading project at his company. AFTER i clearly state my intentions for my project about charting and annotating and what it is about for me a challenge and a place to freely stream my thoughts as well as maybe teach a few people a thing or two then i get this memo from my boss..pretend remember!
this is an exercise in how to look at the mkt from different perspectives diffsrent angles and different context.
I said i would show charts occassionally and this was tobys response
"Appreciated- occasional charts would be fine since I ( and many others I suspect) are better at visualising as opposed to reading a wall of text.
And NO - I would not ( as any reasonably intelligent person would not) try to emulate a trading approach using your charts. One still has to work and practice one's own approach since trading is an individual occupation. But I appreciate your cautioning people to be careful since there are many charlatans and crooks
( Americans use the term, "snake oil salesmen") out there , a few reside on this site. You see them touting moving averages or combinations thereof, yet people still fall for this rubbish whereas a modicum of thought would highlight the fact that if that were so then we would all cause the exchanges to crash. My approach was to demo for a while then trade a live small account. In short - I paddle my own canoe."
occassional charts would be fine? ummm lol.. really it is okay with you? how could anything i say or do in MY JOURNAL my small space among the elite's not be OKAY with you? on what high mountain of esteeem to do you reign to tell me it would be fine with you?
Then as if your leading line was not already getting your point across you went out on a limb and tried to rally the troops and find commonality in your thoughts on the hope that others would agree with you and get me to no longer do my journal how I want but to somehow custom tailor it to fit what YOU want. this is the part where toby said.. and many others i susperct are bette at visualising as oppossed to reading a wall of text.
Apparently toby understand that most elite traders are visual and do not want to get bogged down with lengthy walls of text. ha ha that is what most people say when they do not want to understand what makes a train move and how it operates they just like watching it go!
I am not sure where he was going with his statements all about himself for the next paragraph. about his approach and then he thanked me for cautioning him about snake oil salesman. I am not worried about anyone copying what i do or rducing my edge or else i would not be on a public forum to begin with but i will say the more i break down tobys statment the more i see how rapidly and impulsively he reacts to his own actions and the reactions to others who react to his action. this is a huge no no in the markets in my opinion.
impulsivity is what gets you killed in the mkts. you must weigh out your plan and you must know your opponent like a jaguar stalking prey sometime there is only once chance to eat for the entire week!
anyway back to the snake oil salesman comments. All i did was show nd state that charts can be manipulted by anyone. by me by you by the professionals by cnbc who knows where he got the notion of a snake oil salesman. i do not remember even thinking about or writing about people selling stuff. All i was saying is that you should question all of the charts you see because maybe everything you are seeing is not actually truth that is all and in the process of keeping my trade blog transparent that what you see on my charts if and when i post them is legit.
Toby you can watch me or not watch me but understand this I do not need nor do i want anyone telling me what to do with my JOURNAL. feel free to start your own but also in spirit of good sportsmanship feel free to keep watching and commenting in a positive light if you want to on my journal. I am not here for followers or to have others stroke my ego. this is for me. it is my challenge. have a great day and get studying psychology asap!