Why Is The Obvious Not So Obvious?

[The Oracle]

updated 2 day line chart for BA

what is what and what is obvious?

TO

 

[bwolinsky]

Quote from The Oracle:

updated 2 day line chart for BA

what is what and what is obvious?

TO

Made the lower high a few days ago. I would expect this to decline to slightly above the last higher low at 71.8 to 72 before rising to make another lower high above its current price.

 

[The Oracle]

Quote from bwolinsky:

Made the lower high a few days ago. I would expect this to decline to slightly above the last higher low at 71.8 to 72 before rising to make another lower high above its current price.

as mentioned, it can be best to operate in the now when daytrading, but i do take your point on having targets to work to

anything can happen of course, but i would not be surprised if this one rises quickly to around the 72.60 level if greece does not go on fire. only time will tell

TO

 

[jas_in_hbca]

Quote from The Oracle:

updated 2 day line chart for BA

what is what and what is obvious?

TO

Obvious that Yesterday's high was tested and when held price moved higher. Also abvious that afternoon sell off from high stopped at prior day support area.

New S/R lines added, play tomorrow long above short below with an eye on failed breakouts.

Close ?

 

[Mysteron]

Quote from The Oracle:

this may help you. it is very easy to set up with most good trading platforms

TO

The attached text file contains the html code to display the DOW 30. ET won't allow attached files with extension html so I changed it to txt. The extension may need to be changed back to html in order to use it.

 

[The Oracle]

MN, you can use whatever way you like best once you get the desired results, and that can be boxes, lines, wedges, etc, etc

no matter what you use, unless you react to what is happening you may not find any difference in progression

this is just one sample of a simple setup that shows some sort of consistency, i.e, enough to place low risk trades at certain key times!

you can come up with these simple setups yourself with a bit of practice

TO

 

[Mysteron]

Bounce off the 200 SMA, through the 72.6 level, next level at 75.

 

[The Oracle]

always keep an eye on the big picture!

http://www.freestockcharts.com?emailChartID=d6bd84eb-b041-41c2-aa8b-7f2593b450e9

 

[The Oracle]

Quote from Mysteron:

Bounce off the 200 SMA, through the 72.6 level, next level at 75.

the sma's are used of course by some big traders, but the straight lines are much better, especially for daytrading!

look at the straight lines on the hyperlink and see if your sma is accurate

 

[The Oracle]

Quote from nysestocks:

Why Is The Obvious Not So Obvious?

I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the obvious is not so obvious to many!

There appears to be a lot of textbook information being thrown around, especially in relation to position sizing and risk management.

What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.

It will be very interesting to see what answers the many traders come up with for the obvious, those with little and lots of experience alike!

is it becoming any more obvious