Why Is The Obvious Not So Obvious?

I need to know when an announcement is going to occur. I scalp during the day and I don't want a 3" tall bar skewering my stops when the "Housing Starts" go bad.
 
Quote from RainMann:

NYSE,

There looks to be a reoccurring theme in many of your texts. One would gather from these texts that if sufficiently enlightened, ones trading can be accomplished merely by looking at the chart. Do you posses such a skill? Can I cast away my multi degreed Gann Wheel with the gold tone case, my infinitely variable Fibonacci time extender, and my super Planetary expialidosis. What havoc this would wreak in my world. To glance at a screen full of bars and behold the world markets as if so much milk. We have so long yearned for this power, yea I posit that we die for it.
More...

Beauty is in the eye of the beholder:D
 
Quote from RainMann:

I need to know when an announcement is going to occur. I scalp during the day and I don't want a 3" tall bar skewering my stops when the "Housing Starts" go bad.
More...

No question - knowing when certain announcements will occur is important

But forming any opinion of how the market will react to said announcement(s) is dangerous - IMHO of course because I don't know a damn thing:)

eta - truth be known I don't really believe the market reacts to anything (except possibly major events) - It, for the most part, just does what is necessary to make "most" lose

I do believe "they" make up stories (attach a good news story, or bad news story) to make "most" believe the market did what it did - on any given day - for that particular reason (news event)
 
Quote from caementarius:

There are a lot of misconceptions (mostly vague spiritual stuff) about just what Enlightenment, seeing the Light, etc is. Herewith a classic definition:

What is Enlightenment?


"Enlightenment is man's emergence from his self-incurred immaturity. Immaturity
is the inability to use one's own understanding without the guidance of another.
This immaturity is self-incurred if its cause is not lack of understanding, but
lack of resolution and courage to use it without the guidance of another. The
motto of enlightenment is therefore: Sapere aude! Have courage to use your own
understanding!" ...
More...

Brilliant site :) It is class_ic:D

http://www.mindspring.com/~mfpatton/1.htm

"Well, I am certainly wiser than this man. It is only too likely that neither of us has any knowledge to boast of, but he thinks that he knows something which he does not know, whereas I am quite conscious of my ignorance. At any rate it seems that I am wiser than he is to this small extent, that I do not think that I know what I do not know."

"Well then, now that that is settled. What would you like to discuss?"

We live and learn each and every day:D
 
Quote from Redneck trader:

No question - knowing when certain announcements will occur is important

But forming any opinion of how the market will react to said announcement(s) is dangerous - IMHO of course because I don't know a damn thing:)

eta - truth be known I don't really believe the market reacts to anything (except possibly major events) - It, for the most part, just does what is necessary to make "most" lose

I do believe "they" make up stories (attach a good news story, or bad news story) to make "most" believe the market did what it did - on any given day - for that particular reason (news event)
More...

One "famous" trader has written the following;

"NRB's are always followed by WRB's"

but, he is of course, not stating the "obvious":D
 
Quote from RainMann:

If I had to pick out just what it is on the chart that I most readily see without any indicators, is that the market spends all day doing the same thing. It makes a new high (or low) then it darts below that high, then it makes a new high, and then it darts below it again. Seems like trading should be simple.
More...

I have to hand it to you RM, you are trying hard to get the "worm" out of his "wiggle hole":D

Persistence is a very good attribute to have - this should help the 1 out of 6!
 
I have to hand it to you RM, you are trying hard to get the "worm" out of his "wiggle hole"

Persistence is a very good attribute to have - this should help the 1 out of 6!
More...

Well anyway, that's what I see. Also, I see a nice bounce at twice the morning range.
 
You must log in or register to reply here.
Back
Top