Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Sorry forgot to specify long or short. Short is a low risk and can be entered on next bar.
And not forgetting Mr Charts too.
I'd not come across Elite34S, I'll read though the MATRIX as its quirky enough to grab my interest.
I had thought for a while that TO was TE and that he had mellowed a bit, but there are certain things that were said that make me think they are different people but who share ideas from a common source.
So we must be very clear about the R/R ratio in our minds before we enter a trade. And as per the R/R increase positions until target achieved. Good, I'm beginning to think now.
Quote from The Oracle:
based on ur previous answers..are we at a low risk entry now..and should we enter now or wait for the next bar..or few bars..or many bars..to decide?
Three Push here is the Second Leg down. I like it and I would like it even more if it were a pullback. So, my eyes here would be fixed on the bull move prior to that Three Push which didn't help the bulls to assert themselves but went up to the resistance level and there it failed.
The Three Push as the Second Leg looks a bit disproportionate, so there may be a little room left to go down and screw the early bulls a bit more.
Too much thinking = indecision = I wouldn't be trading here. Am I being to cautious or just wrong?
The first rule of gun running is to never get shot with your own merchandise.
That fokin chart/instrument is MUCH harder to trade than the HAL chart posted prevoiusly.
Since T=$ , skip that chart. That much is obvious, but probably only to me. I think TO is just in a fishing expedition...
That fokin chart/instrument is MUCH harder to trade than the HAL chart posted prevoiusly.
Since T=$ , skip that chart. That much is obvious, but probably only to me. I think TO is just in a fishing expedition...
I am not consistently profitable. Maybe next week.
I do feel like the knowledge I've accumulated is valuable, but I was just wondering last night who these people are posting all of this stuff. It just seems strange to me. They may be a group of people who decided to try & help trader wannabees break out of the trap they all fall into of searching out & listening to "experts", or they may be people paid to make posts to generate traffic. Who knows?
They do seem very knowledgeable about the markets, but they could also be philosophy majors just out of college who like to gamble & trade who haven't found real jobs yet.
I guess in the end it doesn't matter. The one thing I've learned is that I need to "think" for myself & make my "own" plan, and that's it's all up to me. I was stuck in the cycle of searching for another method, another guru, another book, and I didn't even realize I wasn't using my own brain. These strange threads by these mysterious people woke me up.
But I'm still curious as to who these people are starting these threads & why. TO..............who are you?
B193
Hereâs something to ponder
Including myself, there have been about five different ways of trading being discussed as of recent
Nothing is secrete on a chart â absolutely nothing
There are more ways to make money tradingâ¦., than I care to count
===========================================================================
I (or any trader for that matter) can take, for all practical purposes - a totally unprofitable methodology â and make money with it consistently
Why is that?
Figure out the answer, then you to can too
The key has never resided in the method â neverâ¦.
=========================================================
MAC
You are a liar⦠You posted you had it.., no longer required this thread, and would not be returning
That you returned â big whoopâ¦
That you liedâ¦
And started spewing bullshit to boot
Traders may be some of the best bullshitters around â but the truth is more precious than money (or anything)
May you never learn that
=====================================
btw - I see the obvious has not been lost on you
RN
Something I think is very obvious that not many consider is also commission costs compared in percentage terms to their avg win/loss. What percentage of each trade are you giving to the house?
It can be detrimental over trading on smaller time frames when essentially you are giving the broker a big percentage of every win /loss you have. Especially if you lose more than you win.
For instance trading something like /YM or /6b on lower time frames is disadvantages compared to trading /CL or /TF for example.
Run the numbers yourself if you haven't already and you may be a bit surprised on the impact of the house advantage over you when it comes to spread/commission.
A way to combat the impact of your broker costs on your bottom line is trading larger time frames, or more volatile instruments. CL, GC, 6E, , NG ect
Just a thought...
It can be detrimental over trading on smaller time frames when essentially you are giving the broker a big percentage of every win /loss you have. Especially if you lose more than you win.
For instance trading something like /YM or /6b on lower time frames is disadvantages compared to trading /CL or /TF for example.
Run the numbers yourself if you haven't already and you may be a bit surprised on the impact of the house advantage over you when it comes to spread/commission.
A way to combat the impact of your broker costs on your bottom line is trading larger time frames, or more volatile instruments. CL, GC, 6E, , NG ect
Just a thought...
RN my cynic comment was disguised too well huh?Quote from Redneck:
B193
Hereâs something to ponder
Including myself, there have been about five different ways of trading being discussed as of recent
Nothing is secrete on a chart â absolutely nothing
There are more ways to make money tradingâ¦., than I care to count
===========================================================================
I (or any trader for that matter) can take, for all practical purposes - a totally unprofitable methodology â and make money with it consistently
Why is that?
Figure out the answer, then you to can too
The key has never resided in the method â neverâ¦.
=========================================================
MAC
You are a liar⦠You posted you had it.., no longer required this thread, and would not be returning
That you returned â big whoopâ¦
That you liedâ¦
And started spewing bullshit to boot
Traders may be some of the best bullshitters around â but the truth is more precious than money (or anything)
May you never learn that
=====================================
btw - I see the obvious has not been lost on you
RN
I must add my appologies for my spelling, it is my second language after all.