Why Is The Obvious Not So Obvious?

Quote from rossky:

Greetings, Achilles. Nice to meet you.

Thank you for your post - so encouraging!

Man, I want it bad! I see the market now everywhere I go! In 2004 I was introduced to it and fell in love with it right on the spot. Only three years ago I settled on the idea of trading (coincidentally when this thread started).

The elimination process is exactly what I've been through all these years. Some days I feel like I got it, some days I'm not that confident at all. Hardly smart, an average guy with above average amount of stuff on my mind.

If I were smart I would be able to test the so many ideas floating around. For example, I read in the book that a candle bar in a certain situation is a setup in both directions. Wow, I thought, that's wonderful! What if, when the probability of an extended move is high, I go both long and short, simultaneously. Then, with the profit target 1/3 I'm good, always.

It's kinda hard to talk to a book sometimes and that's the reason I'm here. Thank God there are good people, who I consider friends, that provide so much needed guidance for me! I'm an optimist and hope I will also get it soon.

Thank you for your support, Achilles. Cheers,

rossky
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It can be a long, winding road. I've been there myself. I got it, I got it, I don't got it... hehe.

How does the market behave when your strategies are profitable? And when they're not?

Although this is not THE answer you're looking for, there is more than one way to skin a cat. The answer to that question can help you at least achieve profitability.
 
Quote from The Oracle:





how do i perfect my trading to give me that required ratio?
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Some may prefer to...

A. Add to winners as they progress.

or

B. Have small stop relative to target .

Both A and B require knowledge of the right location to implement each of course.

I love the Paul Tudor Jones "trader" doc where he says he is risking 10 cents to make a potential 8 dollars trading oil.
 
Quote from achilles28:

It can be a long, winding road. I've been there myself. I got it, I got it, I don't got it... hehe.

How does the market behave when your strategies are profitable? And when they're not?

Although this is not THE answer you're looking for, there is more than one way to skin a cat. The answer to that question can help you at least achieve profitability.
More...

In the range bound market I perform better. When it has trending days with big moves in the morning I often have blank days or lose.
 
Quote from rossky:

Thank you for your response, Scooby.

I'm vulnerable and bitter at this time, this is true. Am I always like this? Don't we all go through stages like this in our life, maybe even several times?

This is not totally disturbed state of mind though but it allows me to focus more on what needs to be done to sort things out and easier to see where the value is.

And, just like you were partly speaking on behalf of others, I know there are people that feel like me - tired of pain and crap they are fed and want some answers.

I tell this everywhere I go that the market teaches me how to be a better person and because of the market I started to understand how some other things work in life.

Now allow me to apologize for the statements I made that you found offensive for the sake of others that are hoping for a person like you to stop in and generously share. Sincerely,

rossky
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Rossky

There are four discrete lessons for you in my post....

You’re vulnerable – because you don’t know…

You’re bitter – because you’re fighting it (you)

You have no humility

You are not taking on the responsibility of your actions

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Vulnerable – because you don’t know

Welcome to our world

Do you think I often include in my posts – “I have no idea where price is going” – for the hell of it… or possibly just because I like to hear myself type

Not knowing one second to the next – is our reality… it is our life

Accept it… revel in it…, then learn to thrive in it… OR... go do something else…

Seriously
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Bitter – because you’re fighting it (you)

As for fighting yourself – you will until you decide not to – and not one second before

Trading is so damn easy it’s pathetic… Once we let go and get out of our own way

What do you have to be bitter about really - that someone has not handed you the answers

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Now allow me to apologize for the statements I made that you found offensive for the sake of others that are hoping for a person like you to stop in and generously share



You have no humility

This is the most passive/ aggressive apology I have read in a while… Apologize for fucking up – period

That SS found your comment offensive – is pretty obvious – and no need to restate it and make it sound as if he was in the wrong

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You are not taking on the responsibility of your actions

So you’re apologizing for the sake of others – really… These others you’re so magnanimous about – they going to share your losses… They going to share your profit.. your failures.. your successes

Bullshit – take ownership… do what ever you do because it is the right thing to do… then move on


Btw

You are apologizing out one side of your mouth… and also trying to manipulate him into sharing out the other

Gotta say its pretty transparent man...

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Now it does sounds like I’m all upset and possibly mad by the tone of my post doesn’t it…

Nope – just stating facts… reread your response – objectively –and you’ll see what I am saying

(and obviously I was wrong – there are five lessons in this post)

The way you think - is the way you will act... and trade


RN
 
Quote from rossky:

In the range bound market I perform better. When it has trending days with big moves in the morning I often have blank days or lose.
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That's a start. And a good one, if you can believe it. When is the market likely to be range-bound? When is it likely to be trendy? By when, I mean what general, prevailing market conditions occur when it's range-bound? Or trendy?
 
News from I have been able to tell triggers the larger trend days. I have been searching for specific price structure to see if there any common day that trends. I found the day after a channel break seems to make a good trending move.

Quote from achilles28:

That's a start. And a good one, if you can believe it. When is the market likely to be range-bound? When is it likely to be trendy? By when, I mean what general, prevailing market conditions occur when it's range-bound? Or trendy?
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Quote from achilles28:

That's a start. And a good one, if you can believe it. When is the market likely to be range-bound? When is it likely to be trendy? By when, I mean what general, prevailing market conditions occur when it's range-bound? Or trendy?
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Range bound: wide swings in both directions, it's easier to pick up a top/bottom of the swing. When the range is very narrow I sit and very often mis a tradable move that comes after the break out.

Trending: Starts often with a gap and goes fast. One Legged pullbacks are common, but I cannot ever tell if a day is going to be like this and often attempt to do something at the end of the day or go blank.
 
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