Why Is The Obvious Not So Obvious?

Quote from xburbx:

Would a talking/thought pattern like this be what you are talking about RN?

Price gapped down to open the day from yesterdays close.
Then it made higher lows until noon.
Price then made a lower high to the 56.12 price off the high of the day at that time which broke the trendline drawn in the picture (13:13).
It then rejected that price of 56.21 at 14:21
I entered long on the retest of that line with a limit order.
I placed a stop under short term resistance of 55.72.
I set a target of 57.55.
Price then broke down right after my entry and hit my stop.

Just taking a stab MN , not trying to jack the question.
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Sounds like price speak to me :)

fyi - as you practice it more... finer details of the language become apparent

Also thinking and speaking in price - helps you become more in tune with price

Probably become second nature/ language then... just possibly...



But please don't lose sight - that is just a small part....

The purpose of this thread is by far more important...


Doesn't matter what we think - Only how

Doesn't matter what we think - Only what we do

Always


eta - XB - also think/ explain why you set your target - where you did

RN
 
Quote from Redneck:

... TrAdIn...
More...

Finally I'm back at the seashore breathing ...

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Remember the name of the thread I wanted to start? I will open that thread with my picture sitting on "it" and "Alt+Cntrl+Delete" will happen in that thread, it's going to be my "the expert" play. And if I don't take a picture by the end of the year you can stop talking to me forever. Cheers! Yours,

rossky

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True friendship is like sound health; the value of it is seldom known until it is lost. - Charles Caleb Colton
 
Quote from rossky:

Finally I'm back at the seashore breathing ...

---
Remember the name of the thread I wanted to start? I will open that thread with my picture sitting on "it" and "Alt+Cntrl+Delete" will happen in that thread, it's going to be my "the expert" play. And if I don't take a picture by the end of the year you can stop talking to me forever. Cheers! Yours,

rossky

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True friendship is like sound health; the value of it is seldom known until it is lost. - Charles Caleb Colton
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Rossky

Just do what is necessary.. and get on with it

Nothing ever changes, unless.., and until - we do something different

No matter what we may think about it... or how much it hurts

RN
 
Quote from xburbx:

per this last post of mine, i would recommend we all take some time to think about this one. i dont think it has to do with the cirlce and V lines.
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You're right; that might be too obvious...:p
I'll have a go...

Monday was a wide range day with a close at the low.
I think Redneck calls that red square a "Bart" (referring to the boxed head of Bart Simpson or maybe his spiky hair??)
I understand it's a small trading range, an opening of a new day near the close; so anything can happen next.
Play the breakout and search for an important S/R level above (white line) and use it as a target.
 

Attachments

Inverse Bart.
attachment.php
 

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Quote from Redneck:

MN

In the spirit of not busing on anyone.., but being very forthright

Nothing in your post even remotely resembles what a trader would think, or do

=======================================
You figured you would try a long

I have no idea what caused that as there were no announcements that I was aware of


Btw I could care less if you won or lost…

How you got there (your thinking process) is what I have issues with


========================================================================================

Next time you post a trade

Use a small box, or similar
Define your stop
Define your target
Whether you went long or short



And most importantly - Explain your entry reasoning… BUT… You must use the very same words, and language – price uses

Post the outcome

And I could give two hoots in hell whether it is a winner, or a loser



Omit the following when you post next;

What you think
What you figured
How you felt
What you had for breakfast
And everything else for that matter

None of it matters


Please

RN
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Well RN, I can see that you are a true gentleman. As such I would hope that you don't routinely ask anothers to expose themselves in public, there are private places for that, and I don't mean public toilets.

I used to post trade details on R****e Traders but the group fizzled out, so I quit. TE went quiet, I hope he is OK. I would never post precise trading details in a public forum - so I choose to use common terminology like 'figured' as a cover.

The purpose of the post was simply to keep the ball rolling.

Regards.
 
Figured, could have, looked to be are leading or lagging thought.
I don't know what caused the spike, so then I went a lookin,
Me too, till I realized that looking back, didn't and won't do anything.
Have to see, be in present.
I was thinking of this.
If you were racing a car, would you be thinking,
that the last turn you had trouble with, would cause trouble again?
The circumstance would be different and different cars would or would not be in the turn, too many variables to consider.If the race driver is not concentrating
on the moment, than that is too much going on that can be dangerous.
 
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