Why is hard to make money? Find trend, stops above previous/high low, TP @ next highs/lows

[Joe_D]

karnal, did you do as I suggested or are you still bla-bla-ing significance till the cows come home? Worse still, are you asking other sheep if a setup is a good idea? Agreement is a disease worse than Cancer

You could have closed short right at the 161.8% in quoted text above as shown in chart here and stepped aside to a bear cave to enjoy your spoils as you wait for the LONG signal = 15x30

No other info required, economy, Palestinians, bla bla all bulls*it info - you have everything you need right here.

What a waste, Lord why did you create so many victims, I'm kind of mad at you for creating traffic jams worse than the I-405





View attachment 175756

Karnal aka El Manicero, see updated chart. You took profit as shown and now still waiting for the LONG entry. PAY-SHUNCE for LONG entry

 

[algofy]

I just want folks to stop posting BS.

There wouldn't be much content here if this happened!

 

[recordtrader]

Hi all,
I think that trend is for big wallets ONLY.
A proof? See Crude Oil.
For us, herd if you prefer, trend is like Pole Star.
Trend is wild, no TA rules, large stop and so on.

Best Whishes

 

[recordtrader]

Here 2 screenshots

to explain how to trade against Big Hands

Red lines are divergence values. As you can see first 2 target covered
When someone open his mouth have to do before event occours!

 

[Ghost_of_Blotto]

I'm not sure if you ever said anything where I thought with certainty that you making a killing.
....
you're just using the excuse that you got burned and hence that's why you don't share anything, but you haven't shown any proof of getting burned.

Imagine a world where experts in a discipline would be accountable to you, a novice. Wait, it appears you already do.

You're younger than 40 and this poisonous attitude was instilled in you by cognitive scientists using methods so far over your head you'd deny they exist. Purpose: to keep you from learning and ensure you remain where they want you in the food chain. Yes, there is a food chain; no, you are not the one giving the orders.

This isn't your fault but it's your problem/responsibility to fix. No awareness of the entitlement you show in mouthing off, arguing, and demanding proof. If you're fortunate enough to have access to a (successful) older relative or family friend who was born before 1960 you'd be well advised to have a polite, humble chat about this issue with them.

98% of people aren't bright enough to get this, and if by accident of birth you're in the other 2% then you'd need some humility and self awareness too. Otherwise I wasted five minutes. Time for me to leave ET too.

What are my credentials? We're talking about getting the right advice via connecting with the right people, so...
I can disclose that some very accomplished and successful men have helped me in my careers when I was a young kid starting out. I don't take credit, that's altruism on their part, but it wouldn't have happened if I'd doomed myself by showing a shitty, entitled attitude. Since we're talking trading, I've had 3 successful (_verified_ 8 figure profits, self made, starting with their own account) traders I've connected with on this board give me their name/phone number and I've called them. They exist and I'm grateful for the time and advice they shared with me.

You never know who you're talking to, but successful people can usually tell exactly who you are from 40 paces. Ponder why this might be and what you should do about it, if you've the horsepower.

 

[Gotcha]

Imagine a world where experts in a discipline would be accountable to you, a novice. Wait, it appears you already do.

You're younger than 40 and this poisonous attitude was instilled in you by cognitive scientists using methods so far over your head you'd deny they exist. Purpose: to keep you from learning and ensure you remain where they want you in the food chain. Yes, there is a food chain; no, you are not the one giving the orders.

This isn't your fault but it's your problem/responsibility to fix. No awareness of the entitlement you show in mouthing off, arguing, and demanding proof. If you're fortunate enough to have access to a (successful) older relative or family friend who was born before 1960 you'd be well advised to have a polite, humble chat about this issue with them.

98% of people aren't bright enough to get this, and if by accident of birth you're in the other 2% then you'd need some humility and self awareness too. Otherwise I wasted five minutes. Time for me to leave ET too.

What are my credentials? We're talking about getting the right advice via connecting with the right people, so...
I can disclose that some very accomplished and successful men have helped me in my careers when I was a young kid starting out. I don't take credit, that's altruism on their part, but it wouldn't have happened if I'd doomed myself by showing a shitty, entitled attitude. Since we're talking trading, I've had 3 successful (_verified_ 8 figure profits, self made, starting with their own account) traders I've connected with on this board give me their name/phone number and I've called them. They exist and I'm grateful for the time and advice they shared with me.

You never know who you're talking to, but successful people can usually tell exactly who you are from 40 paces. Ponder why this might be and what you should do about it, if you've the horsepower.

You sound like a preacher, a man of the church, expecting blind belief and faith, and when someone questions that, you turn it on them, saying there is something wrong with them.

Now here is the thing. This post was to Mtrader, who said he was also I am nobody, and how here you are, arguing on their behalf? Or perhaps this is your third alias?

Thank-you for your 5 minutes of free therapy, but I still see no reason why I should listen to you. What if I said I also know 3 traders who made 8 figures and they said that any time some trader isn't able to show something tangible, then you should run?

As for your opening remark, "Imagine a world where experts in a discipline would be accountable to you, a novice. Wait, it appears you already do.", you're missing a very key point. In very many disciplines, there is actually a certain truth that is universal. You think an expert like a doctor or high ranking official isn't account to people under them if they don't follow proper protocol? It sounds like you're saying the priest gets to fuck the little boy and the little boy shouldn't say anything because the priest is the holy wise one, so far above him.
Most experts I know are more than happy to share their knowledge and argue for their position. (of course in trading there is no requirement to share) Its the expert that looks down upon people and chastises them for asking questions that we really need to worry about. What was that you said about being humble? It sounds like you're saying experts are above this.

Time for me to leave ET too.

Chat with you later under your next alias.

 

[Ghost_of_Blotto]

any time some trader isn't able to show something tangible

You believe that you ought to be shown something tangible which would absolve you from the effort, risk, and creativity required to earn your own success. Guaranteed isn't gonna happen. And looking for this is procrastination, otherwise you'd have to confront either a blank piece of paper or the order entry platform and you wouldn't like the result of either :-D

You twist my words to imply that I'm demanding blind faith in any poser or guru. I'm simply stating that those who could show, won't. Now you're left with the choice between whinging that you won't be shown, that those who claim success are fake...or the far harder task of getting on with the work privately. Since you don't believe you can do the work, talking about it is a substitute activity.

I still see no reason why I should listen to you

Then don't.
The facts are the facts whether you acknowledge them or deny them.

Your child rape analogies are most unwelcome among decent people but ET is, of course, a sewer. Time to take a shower. It seems you're going to stay where you deserve to be.

 

[Ghost_of_Blotto]

In very many disciplines, there is actually a certain truth that is universal.

A universal truth is that there is a food chain, whether one is aware of this or not.
You are currently not in a position where you can demand for information vis trading.

Your position in the food chain is enforced through a number of policies designed to make mobility / competition difficult or impossible. A significant policy is control of access to information. It is a two tier system where there are those who are permitted to know, for specific reasons, and others who are not permitted to know.

Much of what you believe is not true and further you have been denied access to an effective framework for testing the nature of reality and deriving robust conclusions.

There are filtering mechanisms in place and education is available to those who meet the criteria, which isn't always financial. e.g. if you were very intelligent with an inclination towards mathematics or engineering you may be permitted access to some levels of information about trading through employment at a bank, fund, or trading company. This would not be all of the information an independent trader would need as there are differences in cost structure and risk profile.

Yes, specialist knowledge is taught at the discretion of the disclosure, but for valuable information this will be in private and earned though trust and other qualification. It will not be given out freely to the general public.

For the disciplined and talented there is always the possibility to discover knowledge, privately or with the assistance of others, over which you will have somewhat of a monopoly. And you can use your common sense to discern in which fields you should seek this knowledge according to your natural talents and what is going to be useful or important in society.

98% of people do not merit going any higher than their birth status and it seems this has always been the case. Those who are not selected for advancement often display personality traits which decent people find unpleasant, which further ensures that they are not permitted to progress.

 

[Gotcha]

A significant policy is control of access to information. It is a two tier system where there are those who are permitted to know, for specific reasons, and others who are not permitted to know.

It sounds like the entire basis of your feeling of superiority over me is that you somehow have magical access to information that allows you to always know exactly what is going on and when.

If you truly believe this, then we are on different planets. Almost all funds are barely beating the index averages, and you would figure that they have lots of resources to access for information. Tell me this, what is the win rate for these so called experts who are all connected? Is it better than 50%? Most of all trading wizards would say that they get no more than 50% winners. If there was magical information out there, their winrates should be much much better.

I would venture to guess that the best retail traders out there would say unequivocally that they don't know what will happen next when they put on a trade.

All the paragraphs that you wasted to belittle me come down to you saying you have access to information? You might as well argue that little green men tell the best traders which trades to put on.

You're so fucking full of shit. The end.

 

[murray t turtle]

Thanks. So this game is mostly about whether risk is worth it to take?

I have another question on consolidations, I know the phase buy and sell extremes of consolidations with risk outside, however most consolidations ranges are not very "defined" in terms of textbook patterns like triangles and rectangles. How do you find the extremes?

%%
OK i am newuse9,+ that's much different from your original question/ statement/title .
I don't pay any attention to triangles, i record price, 200 day moving average+ lots of other things. An elitetrader named that a ''barbed wire range'' I call it sideways slop-chop trend; easy to find, define, just like a barbed wire fence. But i try to avoid a chop slop trend, aka barbed wire range/ fence ;unless i'm getting dividends. Welcome to the real world; not so easy all the time, most dont do well with good trends AND chop slop trends