Why Is The Obvious Not So Obvious?

[v34rm]

Quote from jack hershey:

An FTT ends the profit taking segment.

then move 1 occurs.

then mover two begins.... BUT it keeps going in a way that there cannot be any profit beause the RTL goes beyond the horizontal.

So for a learning trader, his bookmark is approached and hw washes to get on the correct side of the market and take the profits to the NEW FTT of the prior market FTT to FTT trade.

He simply folds the two moves into the prior parallelogram.

this is a failsafe feature so a learning person never has to take losses and, further, he keeps adding contracts because he is not afraid to trade bigger capital.

A very worthwhile read is nodoji's path of learning. Donna got to a place where she made 6K a month and could not add anymore contracts. She worked with a person who could not convince her otherwise. Why couldn't he? Read his history from his first post to find out why. He only trades a few contracts as well.

We have to learn about the markets and build our minds as a different alternative to these folks.

FTT to FTT trading plus the failsafe of the bookmark illuminates our minds as we build the brain's long term memory of how markets work. We build an inference set of elements that matches an element from the finite set that is possible.

We are in the midst of a guessing game being run by someone who took up a thread rfrom the original poster. He is puzzled as you can see. he is invitiing others to guess what he knows is coming. What a strange use of time.

Now for your observation about WMCN.

It always certainly happens for a purposeful learner. the learner says I hyave had enough of FTT to FTT trading. I want each learner to say that. the reason is that they have just figured out how to change their trading to a more frequently traded fractal.

They don't make quite three times more money but they almost do.

Going from one point to another always has a faster fractal that is a perallelofram with three points and an FTT at each of the slower fractal points and its FTT.

For you there is a beautiful learning process going on.

One of the ancient fraternaties of all time uses this concept as well. The members all join because they seek. Over the thousands of years, the members have always known that there are questions that come up to learn along the path.

Further and not surprizing, the questions are always in the same order. and the questions are always the same as well.

People on earth have each gone through different arrivals and departures. Those who have done more cycles learn much faster than those who are relatively new. So in this period of creation, there is a shifting from the older souls to the newer souls who will have to manage a place that has been through the most difficult of times.

Before the human population fell to only about 75,000 persons. It had to grow again. This December marks another billion living concurrently on this planet.

It is not very crowded here but you can read about how the 18 to 23 year old group has forfieted their opportunity for the first time in the study of civilization.

So as you keep learning, you naturally see that you never really get to a bookmark because before that you have decided to make about three times the former amount of money velocity before you made this discovery by the question that cameto your mind FROM YOUR MIND'S WORK.

NOTICE THAT EVERYONE IS AT CHOICE AS TO WHETHER THEY FEAR THEIR MIND'S GOING TO WORK FOR THEM.

Have a laugh as you read The Oracle going further into denial.

Congratuations to you and good luck.

Here is a sample of typical ftt trade....and CW trade taken not knowing for Hershey trading method...Hahaha

 

[Placebo]

Can someone explain to me (without the vitriol) what or who this whole Jack Hershey thing is about.

I've tried to read some of his posts, but it just seems to be incoherent rambling.

Thanks

 

[Polix]

Quote from Placebo:

Can someone explain to me (without the vitriol) what or who this whole Jack Hershey thing is about.

I've tried to read some of his posts, but it just seems to be incoherent rambling.

Thanks

 

[IntelliBitz]

Hi RN,

If we need to risk as low as possible, then should the entries be trying to catch the lows and highs? Or is the stoploss very very close to your entry?

Quote from Redneck:

Z1

R2R is typically a few cents risked – for tens of cents – possibly more – if price gets frisky (morning vs afternoon)

Having said that, in this current environment, today was the first day in a long time I've caught a decent trend…, hence I’ve been shortening up my targets (almost forgot what it felt like)

=================================================================================

When price has acknowledge my context, and plan, yes I add to winners – quick as my finger can click

Other side of that, if I wait too long to add, then the only thing significantly increasing is my risk

Before any one asks – I never add to a loser – instead I exit it… or reverse


RN

 

[IntelliBitz]

Ok, Long makes sense now. Thanks RN.

Quote from Redneck:

MAC

Good question

Knowing TO and I don’t trade alike, here’s my thoughts

This also assumes I just pulled the chart up and looked at it for the first time (which I rarely do)

=========================================================================

Where is price coming from (what has it been doing)

How did it get here (reading price - did it sell off hard, rally hard, or just meander its way to where it is)

What part of the day are we in – (example; USUALLY – morning’s are volatile, and typically reverse…, midday is the lunch time range I don’t trade…, price then takes off out of that range and moves… then at ~ 3:00 pm usually reverses)

What is price doing now

Do I have a tradable set up (the trend lines, and S/R areas I’ve noted help figure that out)


Note; The attachment is crude because I did it in a snipping tool – but it is what my eye gravitated toward




RN

 

[IntelliBitz]

Quote from The Oracle:

Quote from IntelliBitz:

Yes, Short. Its tempting to go long, but i think short would be profitable.


why so because?

The stops seem to be so near, so risk was low. May be that's not the way to look for entries.

 

[poland]

Quote from The Oracle:

oops..u best be quick

now..would u like to go short now..as this must be resistance..it has to be..after all..we were going down..were we not!

i think i will bet LONG

 

[macattack]

Quote from Redneck:

MAC

Good question

Knowing TO and I don’t trade alike, here’s my thoughts

This also assumes I just pulled the chart up and looked at it for the first time (which I rarely do)

=========================================================================

Where is price coming from (what has it been doing)

How did it get here (reading price - did it sell off hard, rally hard, or just meander its way to where it is)

What part of the day are we in – (example; USUALLY – morning’s are volatile, and typically reverse…, midday is the lunch time range I don’t trade…, price then takes off out of that range and moves… then at ~ 3:00 pm usually reverses)

What is price doing now

Do I have a tradable set up (the trend lines, and S/R areas I’ve noted help figure that out)


Note; The attachment is crude because I did it in a snipping tool – but it is what my eye gravitated toward

RN

Thanks for the answer. That's pretty much the same thought process I'm using right now.

I was wondering what you & TO think of Level2, Time & Sales, Market Profile. I've never really used any of them; wondering if they are worth learning about.

I don't scalp, but I sometimes trade the 1 minute chart, sometimes the 5 minute chart.

 

[jas_in_hbca]

Thanks RN,

You've got set up areas. Triggers ? In that last yellow box would you look to buy near the up sloping TL ? Do you buy the upside B/O or would you wait for a B/O pullback to see if it holds.

Thank you !

Quote from Redneck:

MAC

Good question

Knowing TO and I don’t trade alike, here’s my thoughts

This also assumes I just pulled the chart up and looked at it for the first time (which I rarely do)

=========================================================================

Where is price coming from (what has it been doing)

How did it get here (reading price - did it sell off hard, rally hard, or just meander its way to where it is)

What part of the day are we in – (example; USUALLY – morning’s are volatile, and typically reverse…, midday is the lunch time range I don’t trade…, price then takes off out of that range and moves… then at ~ 3:00 pm usually reverses)

What is price doing now

Do I have a tradable set up (the trend lines, and S/R areas I’ve noted help figure that out)


Note; The attachment is crude because I did it in a snipping tool – but it is what my eye gravitated toward




RN

 

[baron193]

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If long my first entry would be at the bottom of the consolidation with second entry at the BO, depending on the history of the rest of the chart and any possible news coming out, stops moved to BE on the bottom entry and i would either exit one lot on the resistance or on 1 min TF will be holding on to the button ready to exit, as it is likely a second consolidation will occur here with perhaps another BO, if that happens my aim would be the pivot above.
With price coming down to meet new up TL for a third touch another entry is possible.
Will also be watching for a fake BO of current resistance.