Why Is The Obvious Not So Obvious?

Quote from jas_in_hbca:

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.

anyone can reply JS, it is just that MN knows a bit about the enid blyton book:D

lets draw those lines on the chart and see?

TO
 
Quote from The Oracle:

if anyone gets it right away then they need no help from anyone

TO

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If somebody said or guessed the obvious would you even acknowledge that they are right in this public forum?
 
Quote from SnakeEYE:

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

no no no:mad:

never put a silly squiggly line on a chart for all it will do is distract you from what you should be looking at:eek:
 
Quote from The Oracle:

no no no:mad:

never put a silly squiggly line on a chart for all it will do is distract you from what you should be looking at:eek:

Ok,then why did YOU put them :confused: :mad: :mad: :D :D :D
 
Quote from Zr1Trader:

If somebody said or guessed the obvious would you even acknowledge that they are right in this public forum?

yes..for it is only one part of what is required for successful trading and without the trader having all the required experiences it is very hard to master daytrading. remember we are primarily talking about daytrading here and that is a given from now on
 
Quote from jas_in_hbca:

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.

uptrend lines drawn. your lines drawn and i have added a few more for pig iron :) we need to be careful as we are now starting to clutter the chart, which is a very bad habit to get into

mmxdi.png
 
how about we just go with this and see what happens. we know the price is going to move tomorrow and now we have 2 levels that we can act on if we so desire. of course we will never know what may happen next, but we must know what we need to do if things go against us..don't we:D

11gt6c5.png
 
Quote from The Oracle:

how about we just go with this and see what happens. we know the price is going to move tomorrow and now we have 2 levels that we can act on if we so desire. of course we will never know what may happen next, but we must know what we need to do if things go against us..don't we:D

11gt6c5.png

You're taking kiss to a new level. And yes on the previous chart you marked up i would have drawn channels and S/R lines much like you've done. FWIW i would have had a S/R line about 71.75

The question on this chart is why no 6/27 LOD line ?
 
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