Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
it is very easy to draw lines on a chart that has transpired..or..it is very easy to see what has already happened
take a chart and draw lines on it for the next days trading..of course you can never know what will happen..but..you can be prepared for what happens
let us TRY and keep the bullshit away from now on..many things that have been written..by many people..mean sweet f all
to make money trading you must first be prepared to lose money..the thing is you better not lose too much too fast..or you will be just like all the other fools who try and fail!
also..no one gives a shite what you do..or say..so..make sure you look after number one..and NEVER EVER take advice from any idiot who thinks he knows a lot about trading..for..you really need to know very little about trading..but you do need to know some simple maths so that you can work out how much risk you can afford for each and every trade
of all the nonsensical shite that is written by so many fools and idiots..the only thing that i have read that has any value..is..
EVERY TRADE IS A LOSER UNTIL PROVEN OTHERWISE
The Oracle has spoken
take a chart and draw lines on it for the next days trading..of course you can never know what will happen..but..you can be prepared for what happens
let us TRY and keep the bullshit away from now on..many things that have been written..by many people..mean sweet f all
to make money trading you must first be prepared to lose money..the thing is you better not lose too much too fast..or you will be just like all the other fools who try and fail!
also..no one gives a shite what you do..or say..so..make sure you look after number one..and NEVER EVER take advice from any idiot who thinks he knows a lot about trading..for..you really need to know very little about trading..but you do need to know some simple maths so that you can work out how much risk you can afford for each and every trade
of all the nonsensical shite that is written by so many fools and idiots..the only thing that i have read that has any value..is..
EVERY TRADE IS A LOSER UNTIL PROVEN OTHERWISE
The Oracle has spoken
for this discussion it will be ES..although trading outside regular hours can be iffy..for OBVIOUS reasons
this is one chart..it can be helpful to have additional charts to pinpoint entries and exits..but not too many..else you might just get confused and not be able to act when you need to
everyone is different..but..above all else keep it simple and stop looking for stupid fukin things that do not matter..all that matters is you either win or lose..and you best be able to make more than you lose..else you will become just another dumb ass trader..and we all know how many of those are out there
TO
this is one chart..it can be helpful to have additional charts to pinpoint entries and exits..but not too many..else you might just get confused and not be able to act when you need to
everyone is different..but..above all else keep it simple and stop looking for stupid fukin things that do not matter..all that matters is you either win or lose..and you best be able to make more than you lose..else you will become just another dumb ass trader..and we all know how many of those are out there
TO
When I did the exercise I consciously didn't look at the current price bars. I want to learn the art of reading the chart and not sound like some smartass whose only sight is in the hind, for there is no dearth of such people and that room is crowded anyway
If you meant my lines TO then I will take that as a huge compliment, if not, I should go back to the drawing board for being a dumbass
Now back to ES.
I noticed that spx touched a very significant level today which will show up on all dumb money desks' radar. Maybe that's why you mentioned the new grid and balls of steel! It's the payday shaping up!
Having said that this is what I 'anticipate' happening tomorrow at open.
Gap up.
a) Comes down to test that level (tradable)
b) Bounce from there, rocket to moon (payday).
c) Breaks that level, short to hell (payday).
d) Gap up huge, never looks back, rocket to moon (payday).
Same for reverse.
Nows here's the chart I came up with to watch for significant levels. The interesting thing is that hourlies don't show the long levels, only dailies do.
I also think that the squiggly line would play an important role this whole week.
ML
If you meant my lines TO then I will take that as a huge compliment, if not, I should go back to the drawing board for being a dumbass
Now back to ES.
I noticed that spx touched a very significant level today which will show up on all dumb money desks' radar. Maybe that's why you mentioned the new grid and balls of steel! It's the payday shaping up!
Having said that this is what I 'anticipate' happening tomorrow at open.
Gap up.
a) Comes down to test that level (tradable)
b) Bounce from there, rocket to moon (payday).
c) Breaks that level, short to hell (payday).
d) Gap up huge, never looks back, rocket to moon (payday).
Same for reverse.
Nows here's the chart I came up with to watch for significant levels. The interesting thing is that hourlies don't show the long levels, only dailies do.
I also think that the squiggly line would play an important role this whole week.
ML
Hindsight - The illusion of being a consistently profitable trader.
Quote from The Oracle:
for this discussion it will be ES..although trading outside regular hours can be iffy..for OBVIOUS reasons
More lines on a page, eh shithead?
It's OBVIOUS you don't post live calls. Why is that?We're on page 474, and what have you got to show for it? Anything?? Or are you still following around your master, like a puppy dog, begging for a turd to fall outta his a**?
