Why Is The Obvious Not So Obvious?

this may help you. it is very easy to set up with most good trading platforms

TO

5zlhmf.png
 
MN, there is something very obvious on this chart and it is what you must be able to see when trading. if anyone gets it right away then they need no help from anyone

TO

2hd8fad.png
 
Quote from The Oracle:

well spotted JS

there is no need to explain as it is self explanatory, but feel free to elaborate if you so desire. the charts are more important and not having the 30 together is a bit of a problem for this discussion, so we will have to come up with something else!
More...

"there is a single word that comes to mind, and when this word is brought into the trading game the outcome can be disastrous for those who decide to participate"

com·pla·cen·cy
   [kuhm-pley-suhn-see] Show IPA

–noun, plural -cies.
1.
a feeling of quiet pleasure or security, often while unaware of some potential danger, defect

For a trader it can take different forms. Underestimating the risk of black swan events, not protecting profits, not defining a stop loss, not adapting to market, to possibly the more common, not considering difficulty of obtaining an 'edge'.
 
Quote from jas_in_hbca:

"there is a single word that comes to mind, and when this word is brought into the trading game the outcome can be disastrous for those who decide to participate"

com·pla·cen·cy
   [kuhm-pley-suhn-see] Show IPA

–noun, plural -cies.
1.
a feeling of quiet pleasure or security, often while unaware of some potential danger, defect

For a trader it can take different forms. Underestimating the risk of black swan events, not protecting profits, not defining a stop loss, not adapting to market, to possibly the more common, not considering difficulty of obtaining an 'edge'.
More...

very good post JS. you will hear many descriptions of what an "edge" is, but when trading it is really only on thing that a trader must recognize and use. contrary to what most think, an "edge" has absolutely nothing to do with "not widely known information" and actually has a lot to do with "very apparent information". the reason why so many fail to use the "edge" is exactly as just mentioned - it is too simple and thus neglected by most, as most think that for something to be of value it has to be complicated, which in itself can be seen as a contradiction

TO
 
back to the charts!

three are 3 lines on this chart and one is BA

what are the other 2 lines and what is the significance of them?

btw, i am not one to give the answers out easily, as that is not acknowledging the fact that people can think for themselves :)

24y303s.png
 
Thanks TO,

Re: The 2 day BA chart.

The question i thought was directed to MN so if i'm out of line posting my opinion let me know and apologies in advance.

The obvious to me is BA is pullbacking in an uptrend. I'd expect support in the 71.50 -71.60.
 
Quote from The Oracle:

back to the charts!

three are 3 lines on this chart and one is BA

what are the other 2 lines and what is the significance of them?

btw, i am not one to give the answers out easily, as that is not acknowledging the fact that people can think for themselves :)

24y303s.png
More...

i know what it is.one is the price the other two are one period MAs one of the high another of the low.but...what has this to do with the obvious:confused: :mad: :D
 
You must log in or register to reply here.
Back
Top