Why Is The Obvious Not So Obvious?

[J Ski]

 

[rossky]

Quote from The Oracle:

Is there anything obvious about this chart

TO, there's a mountain pictured in the chart. The price's been going down for two days.

---
It's obvious that you are trying to teach. NYSEStocks made a lot of us think by posting his original question and IMO his mission was accomplished by that. He never gave a direct answer because he had promised to someone he wouldn't.

I believe knowing the definition of what is "The Obvious" would be a good Reference Point for those who are eager to learn. Some will stick around, some will continue to search for whatever they are willing to find. Otherwise, what you are talking about here is like believing in God.

 

[Anthem]

This thread has been a funny read.

 

[IntelliBitz]

What is the Obvious? Is the Obvious related to Chart?

 

[Anthem]

Funny/interesting thread.

 

[J Ski]

Forex chart move fast,
to see the sticks,
I watch the ticks,
brain is _ _ _ _ _ _ up.
Picked a bad week to stop taking tranqs.

 

[Mysteron]

-----------------------------------------------------------------------

A few obvious lines, and I left some out. Big gap down too.

 

[yassinos]

Quote from The Oracle:

emmm...sort of..but not really if u know what i mean

take mirror trading for instance..it is very easy after the fact to see the reflection..as with all ta

however..in relation to looking into ones own eyes and saying what the fuk are u doing u stupid bastard..now that is a different story altogether

humility is a great quality to have..very few have it in this day and age

T=$

it is funny how things keep repeating over and over..like the idots who keep showing up and posting on forums..a never ending supply of them..and it is all thanks to our brilliant education system..is it no wonder the stock market is a gold mine for those who know how to read what people are actually doing

TO

I meant the kind of symmetries some tree leaf exhibits
TIME axis is more important than the PRICE AXIS ??

 

[yassinos]

Quote from The Oracle:

Is there anything obvious about this chart

the price run up at the close of the 19th and reversal the next day

 

[Mysteron]

Quote from The Oracle:

never wait to see if something will happen..just because you thought it might!

if you had held your initial though..based on what you were looking at..and not intuition..or any other shite..then you would have been correct to short..a few times actually..and would have made a nice few $$ in the down move

swingtrading can be very profitable..but best to use some profits that have been already banked..and..you either win or lose..either way it does not and should not matter to your overall trading plan

there are buckets of $$$ to be emptied out each and every day..week..month..year in the stock market..how many you actually empty will depend on how much work you are willing to do and how much $$$ you have in the bank

TO

The way I see it when taking a reverse trade it is necessary to behave consistently when facing uncertainty.

In the thread 'If you had a choice to pick a box that would...' the message that seemed to come across was to wait a few bars after a fall had apparently stopped, 3 or maybe 4 if I recall correctly, before taking a reverse trade and draw a box containing those bars. If the reverse trade failed then a stop below the box was the exit point. In that thread I don't think there was any mention of the time frame that the bars were on but I presume it was probably fine, with bars less than 5 minutes duration.