Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Quote from The Oracle:
You got lucky
Quote from The Oracle:
TO
Missed one at 1335
This is actually a good thread, Oracle.
Lets kiss and make up
Post more charts, for us, will ya?
Lets kiss and make up
Post more charts, for us, will ya?
IMHO the best boxer Iâve seen was Roberto Duran. Grew up hungry and brutalised, and saw the only way out as boxing. Best summed up by Angelo Dundee: âOne gets the impression of Duran is that heâs a tough, rough brawler who just wades in and ducks nothing. But all you have to do is look at his face to see that is nonsense. Heâs not marked up. He does a lot of cute things in there.â Looked like a brawler, except for everything else, jabs, hooks, parries, traps, deflections, angles, feints, leverage, balance and power. He was a thinking boxer who created an illusion and then invited you to suck yourself in (ahem, Sugar Ray). Joe Louis was similar in that respect. Nothing out there is what it appears to be.
http://brontecapital.blogspot.com.au/2012/04/daddy-you-are-more-evil-than-i-thought.html
A28, most of this thread is taken up with idiots bashing each other, the signal to noise ratio is really low. Do you have to add to it? There are other threads. I have a hunch that TO gave everyone the answer to the question, since his return. A28, in my case reading Michel de Montaigne is not easy, you have study Montaigne, not read him. Just the way it is written I suppose.
A28, reading Montaigne has certainly led to other thoughts and roads to travel, thatâs the value. Via a circular route I discovered the writings of Marcus Aurelius, now there, be a real man.
âThe object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.â
Marcus Aurelius, Meditations.
Did the same in my trading/gambling, I hope, well, so far, so good. Value is how you perceive it.
Persistance pays.
Regards
The Bogan
PS good to see you're still kicking TO.
http://brontecapital.blogspot.com.au/2012/04/daddy-you-are-more-evil-than-i-thought.html
A28, most of this thread is taken up with idiots bashing each other, the signal to noise ratio is really low. Do you have to add to it? There are other threads. I have a hunch that TO gave everyone the answer to the question, since his return. A28, in my case reading Michel de Montaigne is not easy, you have study Montaigne, not read him. Just the way it is written I suppose.
A28, reading Montaigne has certainly led to other thoughts and roads to travel, thatâs the value. Via a circular route I discovered the writings of Marcus Aurelius, now there, be a real man.
âThe object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane.â
Marcus Aurelius, Meditations.
Did the same in my trading/gambling, I hope, well, so far, so good. Value is how you perceive it.
Persistance pays.
Regards
The Bogan
PS good to see you're still kicking TO.
Quote from The Oracle:
the secret is to go where no man has gone before
he who hesitates..is lost!
he who is stupid..will post stupid posts..always
...
TO
Welcome TO,
Secret eh???
To boldy go where no man has gone before (JTK).
'Spanish banks to get up to 100bn euros in rescue loans' ...so probably S&P500 will push upwards tomorrow - maybe, but then again anything can happen.
Levels on indices are a puzzle.
So, the_Oracle (the_expert),
We going to 1360 next on the S&P?? (currently 1330)
We going to 1360 next on the S&P?? (currently 1330)
Wow what a thread!
Reading this and others by TE, MC and TG I have to thank the TFF for putting some perspective in my 'strange' thinking
I started as a dumbass following a guy in his subscription based forum few years back. Even though I was suspicious why someone would charge for profitable live trades, I went along with it naively until it blew up in 2008. The guy couldn't read what the market was saying and he had a huge ego.
We were buying options, calendar spreads, butterflies etc., rolling them as necessary and it was like all 'elite' strategy to me until it wasn't
Then it slowly dawned on me that markets are random and trading is gambling. So I decided to be the house instead of the walk in gambler. I started selling options instead of buying them.
That also worked and not worked based on what market was doing and left me even more confused
I came across this thread a year back and did delight me that there are people who thing 'strangely'.
Now I read it again, along with others, and have a new found appreciation of trading aka gambling.
I am a dumbass know nothing myself, to paraphrase another member who is not part of TFF
Looking forward to learning more
Reading this and others by TE, MC and TG I have to thank the TFF for putting some perspective in my 'strange' thinking
I started as a dumbass following a guy in his subscription based forum few years back. Even though I was suspicious why someone would charge for profitable live trades, I went along with it naively until it blew up in 2008. The guy couldn't read what the market was saying and he had a huge ego.
We were buying options, calendar spreads, butterflies etc., rolling them as necessary and it was like all 'elite' strategy to me until it wasn't
Then it slowly dawned on me that markets are random and trading is gambling. So I decided to be the house instead of the walk in gambler. I started selling options instead of buying them.
That also worked and not worked based on what market was doing and left me even more confused
I came across this thread a year back and did delight me that there are people who thing 'strangely'.
Now I read it again, along with others, and have a new found appreciation of trading aka gambling.
I am a dumbass know nothing myself, to paraphrase another member who is not part of TFF
Looking forward to learning more
Unless TO is a super genius who consistently pin-points market turns to the tick (he doesn't), there is nothing he knows that I don't. And that's not a brash or conceded statement. Nearly every profitable (and highly profitable strategy) is well-known. There are no secrets. Yes, that's right. Read that again, if you must. There are NO SECRETS. The Oracle is like a cat, toying with a mouse. This is a gigantic ego trip for him, to wax poetic and quote 17th century philosophers, as if that has anything to do with trading. Guess what, Bogan? It doesn't. You can get all esoteric, over-intellectualize the process to your hearts content in a vein effort to copy your mentor, but it will have zero impact on your ability to drive the car. Trading is not random. It is zero sum. Figure out what the trend direction is, and how to enter on pullbacks. Figure out where the stops are, and place limit entries close to them. 1-2-3 reversals work. Trendline breaks work. Round numbers (50, 100 etc) are good reversal points. Stick to longer term charts (5-10 minutes and above) etc. This is a start and will get you in the right direction. Before you go defending your god, demand he post live calls. He won't for a couple reasons. One, trading isn't perfect. Every trader takes losses. His guru mystic will be diminished somewhat, and that ruins his fun. Two, the set-ups will become obvious when you pull a chart. That's mainly why he won't post live calls. More fun to toy with you mice all day.