Why Is The Obvious Not So Obvious?

[The Oracle]

Quote from Placebo:

are they Julian, Dick, Anne and Georgina (George) – and their dog Timothy ?

 

[Placebo]

Quote from The Oracle:

as my hard work is not been appreciated by some..i am now going to make u all think even harder..no more spoon feeding

do u still want to short..or do u want to change ur mind?

.

Yes Short

 

[The Oracle]

Quote from Placebo:

Yes Short

are you really sure?

 

[The Oracle]

no one has asked a very important question..what is it?

 

[Zr1Trader]

Need to know Timeframe we plan on trading/holding for in order to figure in my stop /risk threshold, and potential target .

 

[The Oracle]

that is more than one question ZT

yes..spot on..the timeframe is of the utmost importance..and it is the 1 min

the stop and risk threshold is not that important..as we already know our max % risk per trade..remember

the potential target will be determined by what way the price moves after we enter..and by how quickly it moves..whilst we reference some of those other charts that RN likes so much

 

[xburbx]

Whats the ADR

Quote from The Oracle:

no one has asked a very important question..what is it?

 

[jack hershey]

Quote from workwithus:

Market target orange thick ltl.Lateral traverse with small retrace before next push down to orange thick ltl.Too bad can't extend tl's to the right then could see target area.Notice how the two salmon colored container's slopes match.IF you had included the volume pane it would be so much easier.

I extended the lines for you.

And I agree that it is too bad the posters only include half the market variables.

 

[The Oracle]

Quote from xburbx:

Whats the ADR

another good question XX..but not as important as we are now in trading mode..the ADR is in the screening mode..and as we know by now we only back horses that can actually run

i have purposely chosen a particular symbol for this exercise...and it is not a common stock..as will become obvious by the time we are finished

 

[jack hershey]

Quote from v34rm:

Trade # 10 Enter Short Thursday Exit Friday WTF

Reversal 8 was an M1 trade. (Long to short)

Reversal 9 was an M2 trade. (Short to long)

The hold after trade 9 was a long hold. As the price forms a new bar to the right there is no money to be made holding long.

The chart was enhanced by adding "internals" and "laterals."

Among the set of internals is the OB. It has an OOE which you do not know at all. Anyway all OB's are two trade bars. My terminology may escape you as well.

Two trades on anything are always opposite trades. You pic does not allow me to give you a complete lesson.

there are several coming up for you.