The key is finding where the stops are. The problem is that many logical areas exist, and each condition has to be tested, one by one, through varying conditions. Or, you could just be a lucky sob and get it right away. The second problem, is that one has to integrate trend following with those areas, to stay on the right side, and not get chopped
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
I stumbled across this thread a couple of years ago and poured over it hoping for a light bulb moment.
That never happened (perhaps that should have been obvious) but it did exercise the grey matter and for that I am grateful to NY, TO, RN et al.
These days I only trade very long TF, so I doubt I'd have much to contribute here.
A trader friend of mine says what I do isn't "proper trading" anyway but investing. Having said that, he doesn't seem to make any money out of his "proper trading" even though he's been at it for several years. He sends me charts with lots of lines on them which I can never make head nor tail of. Whatever it is he's looking at I certainly can't see it.
To be honest PA in the short TF seems like mostly random noise to me but it's probably just me not looking at it the right way.
Anyway, thanks again for all the thought provoking discussion.
IANAE (and can never be)
That never happened (perhaps that should have been obvious) but it did exercise the grey matter and for that I am grateful to NY, TO, RN et al.
These days I only trade very long TF, so I doubt I'd have much to contribute here.
A trader friend of mine says what I do isn't "proper trading" anyway but investing. Having said that, he doesn't seem to make any money out of his "proper trading" even though he's been at it for several years. He sends me charts with lots of lines on them which I can never make head nor tail of. Whatever it is he's looking at I certainly can't see it.
To be honest PA in the short TF seems like mostly random noise to me but it's probably just me not looking at it the right way.
Anyway, thanks again for all the thought provoking discussion.
IANAE (and can never be)
Hi RN / TO / or NYSE or anyone else who really got the awakening,
This is my first post to this thread and even this forum. but i have been reading this post line by line and giving my best to understand what you guys are talking about. I am trying to learn trading from last
5-6 years, i have a full time job though but still whenever i find time i try to learn and this thing is really bothering me in my head.
I need help from some of you guys, to help me solve this puzzle.
what i understand is price will balance between supply and demand, it will be like a see saw, whichever has higher weight will win. and price will be in that battle for some time until one wins.
problem is that i don't know who will win. so i should adjust my entries on some specific points, either short or long, so that if i my entry is stopped out, then i should not loose much.
This is my understanding, but from the post of NYSE and others, seems like he is talking about a worm, which shines in all its glory, and somehow NYSE "SEES" him. and then ride with the worm.
so how do i know where that worm is, or there can be so many worms which are popping out. so how do i know which worm will rise to glory.
I hope some one can answer this or at least help in finding that worm.
They are clueless themselves,don`t bother.Well,except for the NYSE,maybe.
Quote from Mysteron:
What is obvious is that you have a very big chip on your shoulder
Mysteron,
Do you know the obvious ?
I know that price goes away from a point, then comes back, then goes in other direction, then comes back again...and stop...now here onward i don't know where will it go.
now if i can deduce then, i know that it will make a big S, but if i start playing both long and short with small s , which just happened as my
boundaries then i will have to put some money management in place. but this would not be the best way to trade.
Best would be to know the obvious
IANAE,
Thank Youâ¦.
As for this thread, I could tell you what itâs about, but to do so would significantly diminish its effectiveness and value â imo
As for trading vs investing â both put money at risk in an effort to gain (a rose by any other name)
One, of the many..., take a ways from this thread ;
Doesn't matter what you think, only how
Doesn't matter what you think, only what you do
100% applicable to trading.. or investing as the case may be
RN
Thank Youâ¦.
As for this thread, I could tell you what itâs about, but to do so would significantly diminish its effectiveness and value â imo
As for trading vs investing â both put money at risk in an effort to gain (a rose by any other name)
One, of the many..., take a ways from this thread ;
Doesn't matter what you think, only how
Doesn't matter what you think, only what you do
100% applicable to trading.. or investing as the case may be
RN
B22,
You are Welcome
You want a starting point⦠or suggestion or two on what to look for / think about â just say the word Sir
eta;
btw I don't trade / see volume as Jack does..., I'm not him... But I do use it a lot
And Jack - this not a slam/ or passive aggressive cheap shot on my part - just stating facts
RN