Why Is The Obvious Not So Obvious?

[The Oracle]

Quote from Mysteron:

Regarding ADR, all the charting software I've come across has not had ADR available as a standard indicator. Some charting software has the option to program your own indicators, so calculating the H-L range and taking an exponential moving average with period 5 should then be straightforward. TC2000 which I use can do that but I don't use it for that. Instead I get the ADR of stocks using my own tools, which are not readily availble, to access yahoo finance end of day data and do the calculations and plots. I seem to recall that TE stated on another thread that he had an Excel program to plot the ADR of stocks. Repeating what he stated openly elsewhere, the important thing is that daily range is at least 50c over the last 30 days. In fact I prefer a minimum of at least $1 since personal circumstances only allow me to trade the afternoon session. Most charting software will have average true range as an indicator, so setting the averageing period as 1 and plotting it below a daily chart would show the true range. Using a higher threshold in the event of gaps, it should then be possible to judge by eye if the daily range is also sufficient.

an excel file u say..i would have thought that TE would have kept that to himself..maybe he is getting a bit soft in his old age

i will ask him for it and see what he says

 

[The Oracle]

Quote from macattack:

I think the point of this thread & those like it is that it doesn't matter at all want some other traders are using.

it does not matter one little bit what anyone else is doing..the only thing that matters is what YOU do

There are an endless variety of ways to make money trading, so even if someone is successful with an "always in" approach it doesn't mean you can't be even more successful with whatever approach you come up with all by yourself.

the more time u spend in the market the longer YOUR money is at risk..common sense

Maybe then everyone will try to figure out what you're doing instead of the other way around.

it does not matter one little bit what anyone else thinks..the only thing that matters is what YOU think

TO

 

[The Oracle]

Quote from IndexSwing:

It would only take a few minutes for you to try the game and post the results, it's a lot of fun, give it a shot.

www.chartgame.com

it is very good actually..all it needs is some intraday chart settings

 

[The Oracle]

it is worth trying out to see how bad some stocks are to trade..and why!

 

[Shanb]

Whats the first thing you see when you look at a chart as a newbie...

Somethings going up, buy! Somethings going down, Sell!

Buy Low and Sell high is the name of the game. When everyone else is chasing a stock up, fade them!

There is a difference between selling into a crowded move versus a STEADY TREND that is given time to establish itself!

Is this a little bit of the obvious? one thing I have noticed is buying new highs and selling lows...just aint working in this market. At least intraday!

 

[The Oracle]

Quote from Onra:

Although both charts seem to have the same "set-up" (the close on M. vs the open on T.); YUM moved, but INTC only slightly (especially compared to the jump it made on W.)

I'm confused about the volatility measurements, which might hold a key to their reactions.
TO speaks of ADR; Achilles mentions VIX.
The VIX I could find relates to all stocks and ADR is not a standard on my software or online free charts.

TO; can I use ATR as well and would you have traded YUM rather than INTC?
(or: Did you know on M / T. morning YUM would move more?

Thanks, Onra

when u go to the races..what type of horse is the best to back!

before u trade u must do ur homework..u must reduce the risk of losing before u bet any money..as much as u can

next..u must further reduce the risk by not betting too much on any one trade..for..u will never know what way the trade will go..it is just not possible

and next ..u must further reduce the risk by limiting your betting to certain times..for..u only want to place ur bet at the times when ur chance of winning is greater than ur chance of losing

if u continue to reduce ur risk..and fine tune it..so that ur risk is very low for every trade u place..then u will see the power of correct position sizing

do not be fooled by what u read..for..reading alone will not do anything for you..u must be willing and able to turn thoughts into actions..and actions into profits

sometimes u would just like to leave out a big roar and say

"what they fuk is wrong..can u not see how simple it really is..and how u have been told exactly what u must do..and yet..u just will not do it..u still look for answers that are just not there..so..wake the fuk up and get ur head out of ur arse..and do the fukin work that is required to make u some good money..and fuk all the idiots who know jack shit about everything"

see..it really is easy to let go now and again..all u need do is type

TO

 

[macattack]

Quote from The Oracle:

ZT..price can only do 3 things

1. move up - buyers exceed sellers
2. move sideways - buyers equal sellers
3. move down - sellers exceed buyers

u do not want to be in a trade when buyers = sellers

why so because?

Sideways is my biggest problem.

Try to avoid it & price makes the move of the day all of a sudden leaving me behind.

Try to be patient & pick the best spot to enter so as not to miss the best move of the day & I get stopped, then stopped again, then stopped again, and again, and again. Then I miss the move anyway because I'm financially & psycholgically destroyed by the time it finally happens.

I hate sideways !!!

How do you know when to get in & when to stay out when the chop comes along?

 

[The Oracle]

Quote from Shanb:

Whats the first thing you see when you look at a chart as a newbie...

Somethings going up, buy! Somethings going down, Sell!

Buy Low and Sell high is the name of the game. When everyone else is chasing a stock up, fade them!

There is a difference between selling into a crowded move versus a STEADY TREND that is given time to establish itself!

Is this a little bit of the obvious? one thing I have noticed is buying new highs and selling lows...just aint working in this market. At least intraday!

in today's markets..with all the fallout from the shit heads who came up with fancy ways of selling debt to the unsuspecting public..or to call a spade a spade..the ignorant..the risk of losing has never been as high..and as such..requires very careful consideration and planning before risking ur hard earned money

these are the market conditions where the daytraders thrive..volatility is a daytraders dream..volatility is nothing more then large intraday moves..large intraday moves present large profit opportunities..but only if u understand that holding on to losers is a fukin idiots game..and idiots have no reason what so ever to daytrade

u must learn to play the odds..and there are many ways..some better than others of course..but all have one underlying fundamental that allows a trader to put the odds in his/her favor..and that is..get the fuk out of of there if u are losing..and get the fuk ready to get out of there if u are winning

trading is a mugs game really..but only if u are a mug

TO

 

[rossky]

"There is plenty of ways to test trading strategies, but who is going to test you - the trader himself, the most important component of any trading strategy?"

 

[xburbx]

so how do you know which horse is going to run fast? i have been looking at the sector maps that TE posted from his other thread and trying to figure if there is an indication on the following day to stocks in the sector pending how they finish. s/r would probably play a part.