Why Is The Obvious Not So Obvious?

This leaves volume as the final frontier. I believe I'll have a better read on its significance once I get a better understanding of where (when) to look at it.
 
There was a great paper I read a while back , I think it was by Harris, It outlined all the different participants in the market place and what their individual goals were, who they usually lost or won against ect.


Having an understanding of different participants and the time frames they operate on is good stuff.

It's like when I play Battlefield 3 the video game. I think about this stuff and the art of war ect. One guy can be in a jet bombing the shit out of everyone and only certain types of risks they have to be aware of in the jet . Then there is the sniper on the hillside with a completely different objective and risks. It's all just a big arena with everyone using the market place as a utility to get their objective completed while trying to avoid getting killed.

Shopster has setups he likes to call , "Banker" DT ,DB, or 3 Sisters .

"blow stops, fill pending breakout orders , then puke em the other way"

Same kind of deal you guys are talking about.

To me the "obvious" (which will be different for most) is that you need lots of experience, a fully tested working methodology with all loose ends tied and the discipline to follow it. Overcoming spreads and comish for intraday traders is also the invisible hand. Broker usually wins no matter what.
 
Quote from BobbiDigital:

This leaves volume as the final frontier. I believe I'll have a better read on its significance once I get a better understanding of where (when) to look at it.
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It is vital..., otherwise it gets damn frustrating - to study/ read volume within the context of "what price is doing"

Took me awhile to grasp that simple concept


RN
 
no time to read through all this undoubtedly valuable thread but has anybody defined ' THE OBVIOUS ' and ' THE NOT SO OBVIOUS ' so far ?? with precise definitions there is a chance we could put an end to this misery :) and the thread could compete for the best thread of the year ! / once it's not closed you never know :) /
 
Quote from nysestocks:

Why Is The Obvious Not So Obvious?

I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the obvious is not so obvious to many!

There appears to be a lot of textbook information being thrown around, especially in relation to position sizing and risk management.

What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.

It will be very interesting to see what answers the many traders come up with for the obvious, those with little and lots of experience alike!
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Because of experience and knowledge, than also the dynamics patterns changing constantly from the last. After you have experience you think you have seen everything, but it changes still in ways you know not. CL
 
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