Why Is The Obvious Not So Obvious?

Quote from The Oracle:

this was the first one on your list MN, I hope you traded it:D

v
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Unfortunately I didn't trade it, the vertical slope was alarming. Still working on the BE coordination.
 
Quote from Mysteron:

The original post by NY referred to one obvious, which if I remember correctly, he was willing to confirm if anyone correctly stated it. Later though he talked of another obvious which he stated would not be disclosed. I think that caused some confusion as to which obvious was being discussed throughout the thread.

It seems best to me if nothing is confirmed so that the thread may provide something to think about for anyone new who comes across it.

Along the way others have chipped in with their own suggestions for what the obvious might be, many of which have been valid although not necessarily a solution to the original post. But how to get closer to the obvious which was not part of the original post?
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i have spoke with NY and TE and clarified a few things. one trader can have an edge over another trader, but in the big scheme of things it really does not matter. what this thread is primarily about is to try and show that in order to make money trading a trader needs to find the best way that suits him/her. the best way will be the simplest way if the trader lets it be so

it is understandable, from one who has many years of experience trading, to see new traders look to others for guidance and shortcuts. this can be, and is for most, the wrong approach that will lead to many years of frustration with no real results to show for all the time and effort put in

if you are going to pay out good money for a computer, then make sure you use it correctly. wasting endless hours with people who know very little about what they talk about is very common place today. this is the drawback to the new technology that has transformed everyone's lives - everyone is suddenly an expert - i bet TE will be laughing when he reads this post:D

so...lets put a few things straight!

making money is possible for anyone who decides to put in the time and effort it takes to gain the required trading experiences. losing is a big part of winning. losing correctly is even more important!

the price of the underlying moves for many reasons, but there are only 2 reasons that a daytrader needs to know about and use to his/her advantage. knowing is not enough however, for you know if you get the lotto numbers you will be a millionaire, but you also know if you do not buy a ticket you will never win!!!!!!

i will try and help those who want to help themselves, as for the rest, well, who cares really - no one at all, and that's the reality of life

he who helps others, helps himself

TO
 
THE PLAN

rules are made to be broken, so we will forget about rules!

in order to make money daytrading you must have a plan

a plan is nothing more than carrying out certain actions when and as required to obtain an end result..no need to elaborate further on this!

before you carry out any action you must make a conscious decision..no way out of this:)

in order to make the best conscious decision..meaning the end result will be favorable..information, or to be more modernly linguistic:D, data must first be processed

processing data correctly can be hit and miss at the best of times..ask any programmer and if he tells you otherwise then he more than likely works for msft:D

before you process data you must first gather the data!

data gathering, in this day and age, can be a never ending story:eek:

so, our first task at hand is to gather relevant data to process!

obvious, is it not:)

TO

THE PLAN

1. GATHER RELEVANT DATA FOR PROCESSING
 
TO,

I'm interested what you refer to as the double zero . Would an example be the comish and spread, giving the advantage to the house on shorter Time frames?
 
THE PLAN

1. GATHER RELEVANT DATA FOR PROCESSING

if we are to gather relevant data, what must we do?

two words in a tub..the first will be rub

:D

TO
 
Quote from The Oracle:

THE PLAN

1. GATHER RELEVANT DATA FOR PROCESSING

if we are to gather relevant data, what must we do?

two words in a tub..the first will be rub

:D

TO
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Rub al Khali:D
 
Quote from Zr1Trader:

TO,

I'm interested what you refer to as the double zero . Would an example be the comish and spread, giving the advantage to the house on shorter Time frames?
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not what i had in mind ZR..comms and spread are but trading costs and as with all businesses some will have a lot cheaper costs than others

the double zero is what puts the odds in the casino's favor..it guarantees that the house will never lose in the long run

transfer to trading..to win in the long run you need to have your own double zero..otherwise, you will not win in the long run..and will more than likely lose in the short run!

i have already mentioned two things that a daytrader must know about..but i did not say the trader had to follow these two things without fail..well i think I did not anyway:) and if i did i am now clarifying it..a daytrader has to know about the two things but not follow them as it is not required

the knowing is for the understanding..it explains the why!

TO
 
Quote from The Oracle:

THE PLAN

1. GATHER RELEVANT DATA FOR PROCESSING

if we are to gather relevant data, what must we do?

two words in a tub..the first will be rub

:D

TO
More...

the second word be..e a tear for to see
 
if you find that working out the words is annoying you, then you best stop now and forget about anything i have said

on the other hand, if you enjoy trying to work it out, then you might just have some more enjoyment coming:D

TO
 
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