Why Is The Obvious Not So Obvious?

fuk.. i am mad tonite..the shitheads have got me going:D

daytrading only..

a..volume is shyte..unless u can see it

b..size can matter..but only if it matters

c..lines are there..but are also elsewhere

there is nothing more TFF would like to see than the ordinary man in the street making a go of trading..but the odds are highly stacked against him..and..is it no wonder when u see all the shyte that people write about trading..nothing short of total bullshit..fuk..how can people be so fukin stupid..no one gives a shyte what u write..for it does not matter one little bit..not one little fukin teeny weeny bit..and why..easy to understand why..when..u know that trading is gambling..a game of odds..and like any good gambler..unless u know how to put the odds in ur favour..then u will more than likely join the fuking idiots who write everything about nothing..what the fuk:mad:

read this fukin thing..and if u do not understand it..then get off ur lazy fat arse and look for a summary..which is easy to find in this world of technology..and know this..somethings never ever change..and the reason is simple..cause there will always be the few that are far smarter than the many..so..your goal should be..not to become one of the few..but..do not become one of the many:D

http://oregonstate.edu/instruct/phl302/texts/montaigne/montaigne-essays-1.html#II.

OF THE EDUCATION OF CHILDREN.

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.

guess which one we are interested in below :D


es·pouse
   [ih-spouz, ih-spous] Show IPA
verb (used with object), es·poused, es·pous·ing.
1.
to make one's own; adopt or embrace, as a cause.
2.
to marry.
3.
to give (a woman) in marriage.
 
Quote from mekanikal:

But this still leaves me a little confused :confused:

1. You said to keep it simple. Absorbing so many charts at the same time while paying attention to the minute bar can be overwhelming.

no need to look at the mantlepiece when you are poking the fire:D

2. If your mosaic doesn't support this layout then you must not be using it :)

use whatever works best and makes it easier for you to S$A:D

3. I thought you were against T&S and L2 so why are they present!

depends on what u are trading..and how u are trading it:)

4. Your boxes are in the last chart, how do they relate to other charts? IOW how do I get the historical context in present TF?

if u want that..u can turn on trendline sharing amongst charts..but if it not doing anything for u..then why bother with it..remember..only use what actually works best..and u know now how u will know that:)

5. Now that you posted it, A28 can see it too!

really..i doubt it..for a blind man can't see anything :D

One thing about ToS charts is that you can switch between different TFs, draw lines and the lines are visible in any TF. That way when I go from highest to lowest I can see historical lines on lowest TF level. Would you recommend against this practice?

fuk..use whatever u like..it really does not matter..remember what does matter though

TO
 
Hi TO,

1) Can you giv ean example how to see the odds and use the odds?

2) I would like to trade US stocks but I do not have enough $$(Pattern Trader Rule) to day trade. If i swing trade stocks, wouldn't the risk be the same as daytrading futures?

3) If I do US stocks, how I am going to choose which one to trade?
There aree so many of them?

4) I have only US$10,000 of capital and I (not just hoping) but want to make a living out of it probably by next year or so...for the next 20-30years.

5) I do not have any method but I have been practising with a live chart screen(S&P500). I draw 2 lines.....If it move above the top line, I will buy and below I will sell...take profit after 2 points.
I want to design my own method that I bring in only 2-3 fishes daily to feed my family consistently.

6)Correctly me if I am wrong, I think only futures has enough volatility for day-trade.

7) I do not like to read news and follow any events but I really enjoying looking at a live chart...Can I ignore all news

8) Lastly, can I make a living trading 1st 90min of the market?

Thank you very much....
 
Quote from poland:

Hi TO,

1) Can you giv ean example how to see the odds and use the odds?

2) I would like to trade US stocks but I do not have enough $$(Pattern Trader Rule) to day trade. If i swing trade stocks, wouldn't the risk be the same as daytrading futures?

3) If I do US stocks, how I am going to choose which one to trade?
There aree so many of them?

4) I have only US$10,000 of capital and I (not just hoping) but want to make a living out of it probably by next year or so...for the next 20-30years.

5) I do not have any method but I have been practising with a live chart screen(S&P500). I draw 2 lines.....If it move above the top line, I will buy and below I will sell...take profit after 2 points.
I want to design my own method that I bring in only 2-3 fishes daily to feed my family consistently.

6)Correctly me if I am wrong, I think only futures has enough volatility for day-trade.

7) I do not like to read news and follow any events but I really enjoying looking at a live chart...Can I ignore all news

8) Lastly, can I make a living trading 1st 90min of the market?

Thank you very much....

Hi Poland,
All of your questions have been answered before in this thread. There are other related threads that you will discover which will probably go into some of your points a little deeper. US retail traders seemed to have the odds stacked far heavier against them than other parts of the world. I wish you well.

cheers
Bogan22
 
Quote from poland:

Hi TO,

1) Can you giv ean example how to see the odds and use the odds?

it is far less risky to trade at certain times..than others..use this to ur advantage

2) I would like to trade US stocks but I do not have enough $$(Pattern Trader Rule) to day trade. If i swing trade stocks, wouldn't the risk be the same as daytrading futures?

not sure how u came up with that idea..but..no matter what u trade..u must know ur $ risk for every trade..and it should be a small % of ur available capital..in ur case i would say no more than 0.5%..and u can now see why it is hard to make money without having money

3) If I do US stocks, how I am going to choose which one to trade?
There aree so many of them?

sure if i told u that i would have to shoot u :D

we have covered ADR before..remember!!!!!

and not's let forget the charts..shall we!!!!!!!!!



4) I have only US$10,000 of capital and I (not just hoping) but want to make a living out of it probably by next year or so...for the next 20-30years.

fuk PL..u are really puttin me under pressure :D

0.5% of $10K = $50 risk per trade..that is 4 ticks on ES..what the fuk..the ES can move 4-8 ticks in the blink of an eye..so maybe best to forget ES

lets look at a stock with an ADR of +50 cent..and say u can average 30 cent of that move..so..if u buy 200 shares..ur stop needs to be 25 cent..now..that is better than 4 ticks on ES..is it not!!!!!


5) I do not have any method but I have been practising with a live chart screen(S&P500). I draw 2 lines.....If it move above the top line, I will buy and below I will sell...take profit after 2 points.
I want to design my own method that I bring in only 2-3 fishes daily to feed my family consistently.

practice is of limited value..as u will behave differently when trading live..take my word..as u will believe me when u start losing and winning..just the way it is..so accept it and be prepared

3 stock trade per day..or per week is swingtrading..remember if swingtrading u need to have wider stops..so u will have to reduce ur size to less that 200..maybe down to 50 shares at first..whicj will give u 1$ stop..or do up simple excel sheet to automatically tell u the no. of shares based on ur risk..simple enuf to do

key is to learn how to crawl quickly before u start to walk..otherwise u will keep falling on ur ass and getting shyte splattered all over ur nappy :D


6)Correctly me if I am wrong, I think only futures has enough volatility for day-trade.

fuk..fuk..fuk..PL..where are u gettin ur ideas from?????

what about all the stocks that have an ADR of +50 cent..what is wrong with them?


7) I do not like to read news and follow any events but I really enjoying looking at a live chart...Can I ignore all news

not really..as news creates volatility..which is what u want..ups and downs..at the least know when the major reports are out..and individual stock news also..as well as the current financial fuk up news..as it sure as fuk moves the markets :D

8) Lastly, can I make a living trading 1st 90min of the market?

i know u can..but u will need more than $10K..at least $35K in trading account and about another $25K in cash..but do not get carried away when trades are going ur way..for the day u load up too much..is the day u will give back all the profits u made..so best to take ur money out when u make it and keep to ur routine..this is a living..remember..not a quick get rich scheme..leave that for those who want to pay others to show them what to do:D

Thank you very much....

u are welcome..but be very careful..and make sure u never risk too much on any one trade..do this..and give urself time to learn from live trading..and one day u will thank TO and TFF..and see that all we say is true..and the reason it is true..is cause that is the way it works..it is a game of odds..all else is SHYTE:D

hi PL..B22 is correct..but as you asked then i will give u my opinion..however..always remember to take advice from no one..as it is very easy to make a wrong decision..and..as everyone is different..the only person to make the best decisions for u..is urself!
 
Quote from bogan22:

Hi Poland,
All of your questions have been answered before in this thread. There are other related threads that you will discover which will probably go into some of your points a little deeper. US retail traders seemed to have the odds stacked far heavier against them than other parts of the world. I wish you well.

cheers
Bogan22

Many thanks Bogan22. I will read through this thread again.
 
PL..look at this chart when the US markets opened on Friday..if u had bought in at the 1 min engulfment 1325.25..and 2 pt stop..then u would have been taken out with the next 2 bars..which is just 2/3 min..as mentioned..the ES can move 4-8 ticks very quickly..and u need to be an expert..or The Expert:D ..to time entries on ES for nice moves..next time watch the T&S and u will see that there is a lot of scalping going on..which is why u can get taken out very quickly if u are not paying attention to what u are doing:eek:

what else do u notice about this chart..what STANDS out..remember..think before u post:D

TO

2iqbij7.png
 
Quote from The Oracle:

hi PL..B22 is correct..but as you asked then i will give u my opinion..however..always remember to take advice from no one..as it is very easy to make a wrong decision..and..as everyone is different..the only person to make the best decisions for u..is urself!

Dear TO,

Thank you for the reply. I really appreciate your pointers.
I will take sometime to digest it and I will come back with a few more questions if you don't mind.....I just need someone to point me in the right direction and I think I will make it.

Greatly appreciated your sharing all these while.
 
Dear TO,

a quick one before I head for work.

The price will stay in one level for around 25min then more up/down to the next level for another 10min....then again hangs in the same zone/level.....my guess the next move will be up (if price hit 1325)...
But if price move down to 1323, I will short.
 

Attachments

PL..it is wise to look at the bigger picture so that u do not get sucked in..and it also depends on whether u are scalping for a few ticks..or daytrading for several points..either way..it is always best for u when the odds are in ur favour..so that is what u must learn..and always remember that..Time=Money:D

don't work too hard..and try and concentrate on what u need to do..not what u want to do:)

TO

52ch1l.png
 
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