Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Quote from The Oracle:
MN will know the answer
I don't know the answer unfortunately.
Big size , small red colour is all I can make of it. But what does size refer to? Large volume with a relatively small price bar indicating a possible turning point.
As for orders being split, I noticed that with CLF any attempt to trade more than 100 shares would often result in a requote even though the daily volume was over 4 million. So it would be more reliable to trade in lots of 100 shares. That always seemed strange as I could trade other stocks for larger amounts without requotes.
I'm puzzled by POT, it's not in the S&P500 so why did you consider it and what process led you to it? Was it found from a search for stocks with adequate range, acceptable price and sufficient volume with a series of HH and HL possibly?
Just giving hintsâ¦, not trying to show off
Size - yep
Color - yep
The last one - First word rapidâ¦, ninth word small
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And my piss poor attempt at a rhyme to help (rhyming has never been one of my better skills)
A tiny bit of pb
Certain helps id
That condition we all know â as the odiferous bo
Rapidly accelerating â best the smell continues on without repeat or loiter
Tis best at this time â we never be credited as being a stinky ole dawdler
Having said what I think â now only one left to go
I suspect we could call this whole stink â that which has mo mo
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Side note
I recall when I was learning (and I still learn every day btw), folks would dangle enigmas in front of me, but never provided anything else â pissed me off to no end
Not busting on anyone â just sayinâ¦
Because there is great valueâ¦, and it is absolutely necessary to do the work â to make what ever is shared â your own
Fore if you donât do the work â rest assured â when it comes time for the nut cutting (standing stead fast, while trading, in the face of the many variations of uncertainty the market creates) â you will fold⦠(either hesitating on entriesâ¦, or exiting a winner earlyâ¦, or not exiting a loser quickly... and/ or become confused by all the gyrations )
Then youâll face double the work.., as those bad lessons become ingrained in you â the work to unlearn⦠and then the work to learn correctly
That is frustrating... and it sucks
That poem say it all btw
RN
Measured moves â are but one way to identify potential targets.., and are derived off previous swing highs/ lows
Another is to measure the tick count of each swing, average it, then extrapolate that out
My preferred method is to identify S&R areas, and use a channel â then extrapolate that our (call it trading/ tracking price vertically and diagonally)
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Simple observation
When faced with an unknown â it appears many are gravitating to the complicated â for answers
The mkt is not complicated.., trading is not complicated â KISS
Try gravitating instead toward the simple and obvious â for therein usually lies the best answer
Layers of complication â is simply a manifestation of oneâs ego â lose it
RN
Another is to measure the tick count of each swing, average it, then extrapolate that out
My preferred method is to identify S&R areas, and use a channel â then extrapolate that our (call it trading/ tracking price vertically and diagonally)
=========================================================
Simple observation
When faced with an unknown â it appears many are gravitating to the complicated â for answers
The mkt is not complicated.., trading is not complicated â KISS
Try gravitating instead toward the simple and obvious â for therein usually lies the best answer
Layers of complication â is simply a manifestation of oneâs ego â lose it
RN
i do agree with RN..it is a bastard to get snippets of information..and not the whole damn lot..but..always think of what Montaigne said..unless u want to end up like on of them
To return to my subject, there is nothing like alluring the appetite and affections; otherwise you make nothing but so many asses laden with books; by dint of the lash, you give them their pocketful learning to keep; whereas, to do well, you should not only lodge it with them, but make them espouse it.
again..RN is of course correct..keep it simple stupid
just to reiterate..there is no good way or bad way to trade..there is only ONE way..and that is the way that makes YOU money
if u are not making money then stop trading the way u are..for an idiot would only continue
if u practice the simple rules discussed..and i am not repeating them
..u will be way ahead of most who try..and ultimately failexperience is required..do not be fooled by what others say and do..including TFF
..for..there are no shortcuts..no matter what anyone shows uur progress will be a factor of your commitment and your understanding..meaning..ur ability to act and react to what is actually happening
of course u can make good money by buying/shorting and holding..big money in fact..but u can also lose big money..and..unless u can afford to lose big money..do not take the chance..for there is no reason to do so..for..u can make good money and risk a small amount of what u have at the same time
it is called..using ur head
TO
do u remember the rhymes u learned as a child..they are burned into ur mind forever
jack and jill
little miss muffet
etc..etc..etc
then we move on to some more advanced ones..like
je suis..i am a gentleman
tu est..you are a fool
il est..he is the biggest ass
that ever went to school
do not underestimate the power of rhymes..for the mind has a tendency to do its own thing at certain times..especially when trading
here is one simple rhyme to learn
RSC..WHAT DO I SEE
we know what size is..it is the transaction size
we know what color is..or do we?
so..before we figure out what the rhyme really means..what does c for color really mean..as some may be just a little bit surprised at the answer in the context of the rhyme?
TO
I agree and I'm on the verge of calling it quits. For the life of me I can't prevent thoughts of where I think price is going from entering the decision making process. Frustrating as hell. As it doesn't allow me to differentiate between good and bad trades, letting winners run or taking profits, tight stops or let it breathe. What characteristics should I be looking for in the stock? When, where, and why. No trading plan = max pain. Trading easy? Yes, I buy it. Right after I sell it for half.
well BD..all of ur problems can be seen in the mirror
He who fears he shall suffer, already suffers what he fears.
u see..it takes a while to fully understand what is really happening..and i do not mean what is happening in the markets..for we have no control what so ever over that
what u must understand..is..that 99.999% of it is all bullshit..rubbish..crap..dung
when u really understand this u will look at price in a totally different way..and..if u are willing and able..will do what is required to let u win
of course..as i will not lie to you..as with everything in life..there are hard ways..and there are easy ways
some find what is an easy way for them..while this can be a very hard way for someone else..it all depends on ur individual circumstances..such as..where u live..ur timezone..if u have a full time job..how many hours u have free per day..if u are married..and have 1..2..3..or 6 children:eek:
it is no different than any other career..it will be affected by ur circumstances..so..u must first accept what u have and where u are..and start from there..otherwise..u might just end up like most of the dumb asses that throw their hard earned money away to fools and idiots who are ready and waiting to take it..be it information sellers..or fund managers..or any others..u know what i mean
the first big decison..is..to say..fuck them all..i can do this myself..even my own pension..and those fuk heads can rip off the rest of soooooociet(hick)y
we all know what goes on in the financial industry..for..it is just a continuation of what Montaigne correctly identified back in 1580..and today we are in the exact same position..well..correction..most are..that is..if u let it be so..for..some of us have decided to tell them to fuk off..a long time ago
where was i..oh yes..trading
capital..risk control..method..action..dedication..experience..and finally..common fuking sense
u see..the problem is always in YOUR head..and the only person that can solve it..is YOURSELF
We can be knowledgable with other men's knowledge but we cannot be wise with other men's wisdom.
TO
Quote from The Oracle:
do u remember the rhymes u learned as a child..they are burned into ur mind forever
jack and jill
little miss muffet
etc..etc..etc
then we move on to some more advanced ones..like
je suis..i am a gentleman
tu est..you are a fool
il est..he is the biggest ass
that ever went to school
do not underestimate the power of rhymes..for the mind has a tendency to do its own thing at certain times..especially when trading
here is one simple rhyme to learn
RSC..WHAT DO I SEE
we know what size is..it is the transaction size
we know what color is..or do we?
so..before we figure out what the rhyme really means..what does c for color really mean..as some may be just a little bit surprised at the answer in the context of the rhyme?
TO
eye, eye, cunt (no offence intended)
