Why Is The Obvious Not So Obvious?

Quote from Jestersofmalice:


here you go :D

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so..the chart you are trading off..let us have a look then

market has opened..we are UP since close of PD..we have H/L established..we have just passed the 10oc..and the current bar is just finishing off its low

hmm..what should i do next..without looking at the future:D

should i exit or reverse if long from DB at LOD?

should i wait to see if my long entry is tested?

if short off the pullback into OR..should i hold short and reverse if breakout above OR?

what the fuk..how am i supposed to make money at this stupid fukin game..maybe i should add some TA..yes..maybe that will make me money for sure:D

TO

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adjusted scale so prices can be seen..help you make your decision:)

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Quote from The Oracle:

well ML..nice to see you mentioned the SP 500 index..it is worth charting as well as the ES:)

firstly..we need to tell the shit head to get lost..as he is beginning to be a bit of a bore..so..A28..fuk off somewhere else and stop trying to annoy people here..if u keep it up a request will be put in to have you banned from this site for being a shithead..this is your one and only warning..OK:D

now..some things for pondering on

1..the most important chart is the one you are trading off..and we will ignore swing trading for this discussion and just stick to daytrading..past S&R levels are POTENTIAL areas that price may react to..for OBVIOUS reasons :D..but far more important is what your current trading chart is actually doing

2..this chart will more than likely be a 5 min, 1 min or tick..of course you can have any type of chart and time selection you desire..but unless it is easy to see and react to changes in price..then it is just time wasting..which can happen very easily due to the endless load of rubbish that is written about trading

again..OBVIOUS..the lower the time frame..the more ups and downs you will have to decipher:)

we will post a 5 min chart of the ES

3..the more things you look at..the more confused you will be..and if you are not reacting fast enough..then change your setup immediately..until you are able to react fast enough to what is happening

4..now..the MOST IMPORTANT one..and..before i type it..let's see who comes up with it first:)

hint..hint:D

5 words

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we might need to call RN..for he likes these types of posts:)

TO

I understand TO. Mixing different charts is not a good idea.
In fact when I placed the trade I didn't feel like I was taking a low risk entry. I guess I got lucky!

The puzzle: I like puzzles :) So let's see based on the context and assuming the dashes means letters, is it -

Chart In Single TF Only?

PS: Balls of steel - Wow are you trading FTSE options. That chart looks like a pro sprint race. I am just crawling now :(
 
Quote from mekanikal:

I understand TO. Mixing different charts is not a good idea.
In fact when I placed the trade I didn't feel like I was taking a low risk entry. I guess I got lucky!

The puzzle: I like puzzles :) So let's see based on the context and assuming the dashes means letters, is it -

Chart In Single TF Only?

PS: Balls of steel - Wow are you trading FTSE options. That chart looks like a pro sprint race. I am just crawling now :(

not entirely ML..it all depends on how you set them up..and look at them

take the chart below..the 1 min is showing some support that the 5 min will not..unless you know that the little lift off the 5 min bar is in fact support:)

see the text insert:D

not FTSE 100..look closer..and as mentioned previously..u need to like pizzas and not be afraid to see your P&L in the red..but keep it small and limited..give yourself some options..and ALWAYS take your profit when you have it..or you will be one sorry bastard..so what if you lose out on some big move..there will be more..that is for sure..100 pennies make a pound..or cent/dollar if you prefer :D

Chart In Single TF Only? = NO

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what the fuk..this is a load of bollox..here i am sitting waiting for a breakout..why is it taking so fukin long..boring fukin job this:D

i best make some good money today as i am not wasting my time at this stupid fukin trading for nothing:D

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