Why Is The Obvious Not So Obvious?

The obvious = get a strategy that works. Sure money management, capital, broker etc etc are important but are secondary to strategy. If you aren't entering and exiting the markets at a sensible point then you will never make money
 
Vindago said:
By the way, trading the first 30 min is a risky business if you don't know what you are doing. If you do actually know, it may be a very good time to enter on an important low/high of the day (not necessarily the LL or HH but still a very tradeable one).
Still, as I rather play on the side of prudence I do not like to trade that candle, I will much rather do my trades when "it shows"
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Funny how every person sees things differently. I am not saying one can not trade past 10:00, as that would be silly, but I am saying that the first 30 min offers some very high probable trades compared to other times. If one is not able to see the low risk high probable trades. then that is because they are not looking and thinking in such a way that allows them see same. One can trade any way at any time they so desire, but the best way to trade is the way that poses the least risk to your capital. No one is right, and no one is wrong. Things just are the way they are, so best to see things for what they really are, and not complicate things by thinking about silly and ridiculous things that some idiots have decide to write in a book or put on a website. If one thinks they need someone else to show them how to make money trading, then think again. Everything you need is there right in front of you when you decide to put your capital at risk.
As for the clueless clowns and dopey dudes, go piss up a rope :)
 
DurElite said:
The obvious = get a strategy that works. Sure money management, capital, broker etc etc are important but are secondary to strategy. If you aren't entering and exiting the markets at a sensible point then you will never make money
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You are very close, but the term "strategy" might not be the best term to use. Maybe a different word, with 8 letters?
 
As Pelt noted, there are 30 x 1 min bars in the first 30 min of trading. There are also 13 x 30 min bars in regular hours trading. Please check this chart in case you have any doubts, before we move on.

2j128u0.jpg
 
Now, some people will not use the 30 min as it has 13 bars in a day, and they are superstitious. If you are any way superstitious, in relation to anything, then trading is not for you. Your mind will play tricks on you when you least expect it, and if it happens at the wrong time, then you could lose a lot of money. So, no place for those who are easily led and influenced by the thoughts of others, whatever those thoughts might be.
 
So, time to move on.
If we look at this chart, what do we(you) see? Remember that your thoughts are based on what you think you know, but what you think you know is absolutely no use to you if you can not make money trading, and hold on to it. So, next time you think, think about what you think about.

zoidjr.jpg
 
Pelt said:
I see what you did in the chart there(OR). But is that what you were talking about?
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Like I said, forget about all that others have written. The opening range has some variations, depending on who wrote it, so best to just forget and look at it yourself. Within that first 30 min bar you have 30 x 1 min bars to make and lose with. How much you make and lose will be determined by how much you risk and when you decide to get in and get out. Simple really.

3586hc1.jpg
 
Does anyone here have an idea of what they consider TA, or PA is? Preferably not something from investopedia or another site.
 
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