Why Is The Obvious Not So Obvious?

Quote from Mysteron:

Do you really think this is the answer to the original post, or just your perception of what you think is obvious.

One way to keep a secret is to leave it in plain sight (or shite according to TE/TO) and to mention it frequently, like the slight of hand of a magician that distracts attention, so that others don't even think of it as a possibility.

So try again.

BTW, there is nothing secret about the obvious.

One thing is for sure, there is no secret code written in charts akin to a masonic symbol that only those in the know can recognise. Success is just a case of following simple principles.
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The secret is in the recognition of high probability areas with low or even no heat not in what must be done.

I could care less about the philosophical aspects of it.

Crazy A
 
What makes you a better trader?
Just having someone tell you what to do, or
training you to start thinking in ways that you weren't able to.
A catalyst. For some I'm sure.
I'm a little thick,the veils lifting.
 
Quote from Mysteron:



So try again.

One thing is for sure, there is no secret code written in charts akin to a masonic symbol that only those in the know can recognise. Success is just a case of following simple principles. [/B]
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Wrong. there are a lot of secret codes in the charts, you just have to find them.
Magicans like me know how to read that codes and turn them into profit.

So try again.
 
Shit I see it happen afterwards.
This is frustrating me.
I'm seeing it and not seeing it.
Game started early, guess I wasn't paying attention.
 
Quote from Mysteron:

I can't just use my broker's charts for trading as they are not adequate.

The CFD account I have is with CMC Markets and I use their MarketMaker platform. I've never found it easy to flip between different time frames as lines drawn on one time frame are not displayed on others. I use it for displaying 5 min charts only, and also for order execution. Usually I have 4 charts for different stocks on one screen. The reason for starting with CMC is because there is no minimum commission. It looks like the days of MarketMaker are numbered, at least according to Peter Cruddas the executive Chairman of CMC who has a thread on the T2W site. He has been promoting the next generation Tracker CFD platform provided by CMC. I've tried the demo of that platform but don't like it at all. It seems to have been developed with users of smartphones and ipads as a priority, so its for mugs it seems to me. Last time I tried it multiple charts couldn't be used without them overlapping.

I've been using FreeStockCharts to view whats happening on different time frames and to plan what I do. The problem there is the adverts which cause lags sometimes.

Also neither CMC or FreeStockCharts provide real time data for various indices such as $TICK or NYSE composite.

So I wanted to find another charting package to compliment my broker charts, that can be viewed over multiple time frames easily.

ProRealTime is good but I've found customer support to be very bad as they don't respond to emails. My data feed for NYSE indices has stopped since 31st August although the feed for NYSE stocks and the S&P500 index has continued. Of the NYSE indices its just the NYSE composite index that I'm interested in although several others should be included in the data feed. After not getting a response to emails a phone call to their number in France about this resulted in a promise to call me back or send me an email, but neither has happened. I payed for just 3 months service, so if they don't sort this out I'll not continue to subscribe. Its a pity as the charts are nice and clear.

As I had heard a lot about eSignal I decided to try their LiveCharts as it was cheap. Having tried it I wasn't impressed so my subscripition has already been cancelled, but I still have access until the end of this month. The problem with LiveCharts was that I could only open duplicate windows of a chart on the same time frame, which is pointless. I couldn't see how to have multiple windows open for several stocks or for one stock over more than one time frame.
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Quote Tracker is one of the best software packages for daytrading setup

however..for someone starting out all one needs is access to live charts for one stock..remember!!

IG index has just launched new java charts and they are very good..their spreads are a bit wider for certain instruments but overall their system if the most stable and their company the safest to have your money with for CFD or SB account

in summary..one does not need all the bells and whistles at first when learning the ropes..4 screens will help to set up multiple charts as having to switch between windows can cost you money if you need to make a quick decision on entry / exit

there are no hard and fast rules that must be followed..only 1 golden rule..and that is..never risk too much on any one trade..for if you do you might just end up one sorry bastard:)

the hardest part of trading is understanding that 99.999% of what is out there is all bullshit and does nothing but confuse and distract you from what you need to do in order to make money..

be prepared to put in the required time to gain the required experiences..never give your money to idiots who will gladly take it..and make a simple plan to learn a lot in 6-12 months with about $2-3K..forget about all the idiots who speak about massive gains in a short period..

learn what is required and you can then sit down and make some money whenever you feel like it..not when you have to make it:D

TO
 
Quote from crazyAtrader:

What an incredible long and boring thread with no substance.

I'll end this trend.

The obvious is easy.

It's recognizing that it's all about the entries.

Understanding and identifying the areas that provide an extreme high probability of reaction, not directional prediction, with minimal or no heat so you can load up and exploit them with as much leverage as possible time after time.

The exits are easy, you take what the market is willing to give you and then you move on to the next trade. Why ? Because the market is only predictable up to a certain point, some reaction, past that it's the next key area, and the cycle begins again.

Throw some required patience and you got the obvious.

Crazy A
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you at least picked the right name:D
 
Quote from Mysteron:

Those coloured bars I showed were 5min range bars, not volume.:cool:
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you do not need range bars on a 5 min chart..all you need to know is that the stock you are trading is likely to move at least 50 cent..when you get a bit of experience you will be able to narrow down the movements to certain TIMES:D

the ADR should be at least 50 cent..the higher the ADR the more erratic the movements can be..

WRB's are followed by NRB's

NRB's are followed by WRB's

all stocks are driven by news..some more than others

never take advice from anyone as the odds are they know absolutely nothing about what they are talking about..some of us already accept that we know nothing about anything..and thus are able to capitalize on what others think they know:D
 
Quote from SnakeEYE:

nysestocks, u r asshole,too!
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NY do know..when to show
for now he be..in hiding see
the reason clear..for those who cheer
but all the blind..are of one kind:D

easy it be..to spot all ye
yere ink do show..what not you know
the like of so..always be slow
for head so thick..like plank not stick:D

the name shows all..and how so small
for mind not hide..what is inside
so when you see..silly nick like thee
do giggle so..just like TO:D
 
Quote from crazyAtrader:

The secret is in the recognition of high probability areas with low or even no heat not in what must be done.

I could care less about the philosophical aspects of it.

Crazy A [/QUOTE

ok then CA..post a simple chart to show us all what you are talking about..and don't be afraid..we will not bite your ass:D
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