so how does the market move and what actually moves price. educate me
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
ya....time... WHEN.
Trading is not all about "prediction", but "timing" is crucial no matter what you trade, or what timeframe you use.
Different markets can require different analysis, but some analysis is common to all markets - and I am not talking bout the normal text book stuff like ma's, bollinger, and the myriad of other indicators.
I trade based on my personal circumstances, with daytrading stocks my preference - as of now I am doing some option trades due to personal circumstances, and also investigating some spread trading setups, which is totally different, but a very worthwhile challenge I believe.
Action and reaction is always far better than prediction, but to ignore what the big players are at, is like ignoring History, which the majority do of course, for reasons that I neither worry or care about!
J_S
what do i see,
what can it bee,
if but my mind,
be not so blind
so much of this,
it mostly piss,
and less of that,
which really mat
so what say you,
what must i do,
to see this "time"
that make me chime
i will say "look",
but not in book,
look deep inside,
you then will thrive
J_S
Okay. So that leaves vertical and/or horizontal lines. You mentioned the importance of math, simplicity, cycles. The chart you posted earlier in the thread implies cycles. measurements of time, from one key price level to the next etc.?
what do i see,
what can it bee,
if but my mind,
be not so blind
so much of this,
it mostly piss,
and less of that,
which really mat
so what say you,
what must i do,
to see this "time"
that make me chime
i will say "look",
but not in book,
look deep inside,
you then will thrive
J_S
Ime, time in trade is critical. Holding onto to winners, for days, months etc. The obvious in this context is the trader. ME. Get rid of the poor performers and learn to hold on to the winners forever. That's an element. Trading has so many elements. But this thread is about entries. When to get in. When to buy. When to sell. That's the implication.
New traders (and even myself...at this for 12 years...) always look for the next hot setup. It's addictive. Everyone wants it. We're all naturally compelled to search for the holy grail of entries. Do they exist? Traders all seem to believe they do, unless they get older and give up? Or find something else that pays the bills and get tired of looking. I know I have. I haven't found the perfect setup, although more then one way to skin the cat. Calling tops and bottoms. This what this thread is about. Where the "Generals" are. Who are they? The private traders/private funds with deep pockets that smash the markets. Do they exist? Or are they just a tale, a myth passed around at the bar and chatrooms frequented by traders after the day is done? I don't know. I have no idea. I've never met one. And I've never met a person who accurately picks tops and bottoms with any significance. I can't do it.
There are correct ways to trade the ES on range days, that very much have to do with time, and highs and lows....but those are range days. Bread and butter are trends, and trend following. This is what I do. But this is not the implication of what you do. The implication is you call tops and bottoms with regular accuracy. That's how I see this thread. Now if thats possible, that's fantastic. If not, thats' okay too.
the holy grail,
is but a tale,
by those in know,
to keep most slow
when most in pew.
what do they do,
naut but stare,
mind be elsewhere
this little trick,
it keeps most thick,
and make it worse,
they mention curse!
a few have tried,
but quickly died,
as those in know,
are not bit slow
they know for sure,
what is the cure,
but hide it so,
most never know
most think they learn,
what best and stern,
oh but they knew,
it's all from few
to really "see",
what u need be,
one book of kind,
be in your mind
the book is real,
no need to steal,
to open wide,
just "look" inside
J_S
is but a tale,
by those in know,
to keep most slow
when most in pew.
what do they do,
naut but stare,
mind be elsewhere
this little trick,
it keeps most thick,
and make it worse,
they mention curse!
a few have tried,
but quickly died,
as those in know,
are not bit slow
they know for sure,
what is the cure,
but hide it so,
most never know
most think they learn,
what best and stern,
oh but they knew,
it's all from few
to really "see",
what u need be,
one book of kind,
be in your mind
the book is real,
no need to steal,
to open wide,
just "look" inside
J_S
Time is but movement, what is most important is what transpires during this "movement"!
J_S
Highs and lows. Extremes made or not made. Boxes encapsulate consolidations, from which breakout trades are made. Consolidations are where range-bound markets occur....no new highs or lows made. The extremes are timed?