Why Is The Obvious Not So Obvious?

Quote from Mysteron:

Time is my enemy TE, for I never have enough time to do everything I'd like. This evening I've been refining my automated scans to look for certain chart patterns. I was intending to read an article I found about swarms that I came across via one of NY's threads: "If you had a choice to pick a box that would make you money trading...". There is also something written by a phd mentioned in that thread that I need to think about. The point is that I'm not finished trying to figure this out yet.

Do you really want anyone to state openly what they think the obvious is? Its not obvious to me that I know what the obvious is, or should I say that its obvious to me that I don't know what the obvious is!

After reading through the various threads by you and NY, I never had a eureka moment along the lines of "I see now, so I'll pack my job in and be a professional gambler". Its more a case of realising that we are not traders but gamblers so we need to only gamble when the odds are seen to be in our favour. Also, various clues did come together but they seem to relate to a trading strategy looking for reversals, i.e 3 or 4 7's or I's followed by an S curve as the herd/swarm stops and pauses. At support a reversal is more likely. Thats for a long trade but with obvious changes for a short trade. Hence the need to establish levels and AR. TBH I had a PM (by a kind person who will remain nameless) alerting me to the S curve in your threads but I have also noted it in a thread by NY. The S curve is reminiscent of a step response or impulse response, in terminology that I'm familiar with. I wondered if the repeated use of the word "chime" by NY was a reference to the ringing of the S curve or if the overall chart pattern was being likened to a tuning fork. In RN's video it was the candelabra that got my attention rather than the candles.

Thats it really.
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Very interesting MN!

The "S" curve, now, imagine that:D

If you turn an "S" on its side, what have you?

I am glad that the "gambling" bit has stuck in the head, for that is a must, but, the "obvious" is something that YOU need to know and master before YOU will make GOOD money, and it is sooooo OBVIOUS very few actually think about it, and go about reading tons and tons of useless shite, which, is just wasting time = money.

The human brain likes to think inversely, so, when the market falls you want to buy, and when the market rises, you want to sell.

It does not matter one little bit what YOU want, but, matter it very much what YOU DO!

TE
 
Quote from macattack:

I never had a "eureka" moment reading any of the various threads either. I'd say the obvious is what is happening right in front of our eyes.

For example a child can look at a chart and see that price is going up. An "experienced" trader on the other hand may look at that same chart and see that his MA's are crossing, and the slow stochastic is below the fast stochastic, and Woodie's CCI is at the zero line, etc, etc, etc.
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VG MN, and, as NY says all of the time,

"use to BOX to save your Socks" :D

TE
 
Quote from Mysteron:

I was hoping the "obvious" would be some useful piece of information or knowledge but I suspect this is a wind up, so could the obvious be simply:

make sure you can afford to loose.

Its bit like asking whats the most important thing to do before you get out of bed:

open your eyes first.
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The most important thing to do, before you get out of bed, is to sit on the bed for about 30 sec to allow the blood disperse evenly in your arteries, for, every time you jump out of bed you are killing millions of precious brain cells, and, they are not easily replaced, as can be seen by some of the educated time wasters we have here:D

The Obvious is THE most useful information you will ever get, but, it is so OBVIOUS that very few will ever GET IT.

TE
 
I'm sure these meaningless word games will make all of you into great traders. No doubt about it.

Now grow up, you bunch of asswipes!
 
Quote from The Expert:

Very interesting MN!

The "S" curve, now, imagine that:D

If you turn an "S" on its side, what have you?

I am glad that the "gambling" bit has stuck in the head, for that is a must, but, the "obvious" is something that YOU need to know and master before YOU will make GOOD money, and it is sooooo OBVIOUS very few actually think about it, and go about reading tons and tons of useless shite, which, is just wasting time = money.

The human brain likes to think inversely, so, when the market falls you want to buy, and when the market rises, you want to sell.

It does not matter one little bit what YOU want, but, matter it very much what YOU DO!

TE
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From what I've read/seen on these threads, at support, its S for long (tilt head to right :D) with the bob in the middle pointing the direction to trade, but wait for the worm to pop its head up. Z for short. Trade in direction of trend, which should be same for a stock and the index.

On my screen I always have the S&P500 index to gauge trend, and it's S/R, and also look at the EUR/USD, as well as one or two other stocks that I'm not trading. I can't see futures as my broker doesn't supply them, I need a new broker!
 
finviz.com have futures, daily and intraday. think it is about 5mins delayed but good enough for me as I get my head around futures vs. cash


Quote from Mysteron:

From what I've read/seen on these threads, at support, its S for long (tilt head to right :D) with the bob in the middle pointing the direction to trade, but wait for the worm to pop its head up. Z for short. Trade in direction of trend, which should be same for a stock and the index.

On my screen I always have the S&P500 index to gauge trend, and it's S/R, and also look at the EUR/USD, as well as one or two other stocks that I'm not trading. I can't see futures as my broker doesn't supply them, I need a new broker!
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A large floor trader once said in book or interview I read every fill gets tested.

When I made a lot of money - many of my fills were never tested. Unfortunately I did not realize what an edge I had. I should have slayed the market when I had the edge.

Once all my fills got tested I realized how important consistent measurable actions became.
 
Quote from schizo:

I'm sure these meaningless word games will make all of you into great traders. No doubt about it.

Now grow up, you bunch of asswipes!
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Do YOU not know when YOU are not wanted, you interfering little shit head:D

Now, fuk off and have a few debates with some of your schizo friends, you dumb ass excuse for a trader:p

The world is full of fukin dim wits, that is for sure:eek:

:D TE:D
 
Quote from Mysteron:

From what I've read/seen on these threads, at support, its S for long (tilt head to right :D) with the bob in the middle pointing the direction to trade, but wait for the worm to pop its head up. Z for short. Trade in direction of trend, which should be same for a stock and the index.

On my screen I always have the S&P500 index to gauge trend, and it's S/R, and also look at the EUR/USD, as well as one or two other stocks that I'm not trading. I can't see futures as my broker doesn't supply them, I need a new broker!
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Hmm, whilst Ftrs are not a must for daytradig stocks, watching them can help with placing some low risk trades if you have not done your homework in time:eek:

Remember the drunk form Down Under, and how he rightly said that divergence with Cash & Ftrs is good sign AT CERTAIN LEVELS:)

Did you find that little book I told you about MN, remember, as I am nearly certain it was YOU, but if not, then I must apologize and send you the name of it?

If you are watching the S&P cash only, then add a chart for the NYSE Composite Index, and LOOK if you can see any divergence between the S&P Cash and the broader market.

You also need to watch the Tick Tock for daytrading, but, always remember that its chime plays a sweeter tune at certain times:cool:

Tick Tock Tick Tock
Listen Listen
Else You Missin
And End Up Pissin

Know The Diff
Keep It Stiff
Play You Must
Else you Go Bust

When Chime Is High
And in The Sky
Watch The Major
To See If Favor

Roll The Dice
Keep It Nice
When In Tune
Come $$$$ Soon:cool:

TE
 
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