Why Is The Obvious Not So Obvious?

[J_Smith]

Ime, time in trade is critical. Holding onto to winners, for days, months etc. The obvious in this context is the trader. ME. Get rid of the poor performers and learn to hold on to the winners forever. That's an element. Trading has so many elements. But this thread is about entries. When to get in. When to buy. When to sell. That's the implication.

New traders (and even myself...at this for 12 years...) always look for the next hot setup. It's addictive. Everyone wants it. We're all naturally compelled to search for the holy grail of entries. Do they exist? Traders all seem to believe they do, unless they get older and give up? Or find something else that pays the bills and get tired of looking. I know I have. I haven't found the perfect setup, although more then one way to skin the cat. Calling tops and bottoms. This what this thread is about. Where the "Generals" are. Who are they? The private traders/private funds with deep pockets that smash the markets. Do they exist? Or are they just a tale, a myth passed around at the bar and chatrooms frequented by traders after the day is done? I don't know. I have no idea. I've never met one. And I've never met a person who accurately picks tops and bottoms with any significance. I can't do it.

There are correct ways to trade the ES on range days, that very much have to do with time, and highs and lows....but those are range days. Bread and butter are trends, and trend following. This is what I do. But this is not the implication of what you do. The implication is you call tops and bottoms with regular accuracy. That's how I see this thread. Now if thats possible, that's fantastic. If not, thats' okay too.

They are very real, and the ES is their "tabernacle", so beware the curse for all who dare to enter

BLASH & SHABL were uttered by the wise old hermit - he is wise for a reason!

While most analogies are meaningless, some are very important.

Like poles repel - unlike poles attract !

How do you attract profits ?

Attract losses first?

J_S

 

[achilles28]

Okay. Im gunna think outside the box here... forgive the pun. Time is but movement......time is but movement of price? the importance is what happens during this "movement"? IOW, what is most important is what happens during this time..... so what price does in a given time period. anyhow.

 

[J_Smith]

Highs and lows. Extremes made or not made. Boxes encapsulate consolidations, from which breakout trades are made. Consolidations are where range-bound markets occur....no new highs or lows made. The extremes are timed?

A very simple question, for anyone who has studied TA, as most who have tried have studied it at some stage.

What are your 3 basic charts to use when trading, and i don't mean particular time as in 1 min, 3 min, etc..I mean in strategy context.

J_S

 

[J_Smith]

Okay. Im gunna think outside the box here... forgive the pun. Time is but movement......time is but movement of price? the importance is what happens during this "movement"? IOW, what is most important is what happens during this time..... so what price does in a given time period. anyhow.

There is always more than 1 price moving in any given timeframe, is there not!

J_S

 

[achilles28]

They are very real, and the ES is their "tabernacle", so beware the curse for all who dare to enter

BLASH & SHABL were uttered by the wise old hermit - he is wise for a reason!

While most analogies are meaningless, some are very important.

Like poles repel - unlike poles attract !

How do you attract profits ?

Attract losses first?

J_S

Tabernacle lol . So you are one....

I know this strategy. Tony Crabel related. But those are range days. Selling highs on trend days gets expensive and not advisable.

This is a mind bender, but interesting. take losses to attract profits? average down?

 

[achilles28]

A very simple question, for anyone who has studied TA, as most who have tried have studied it at some stage.

What are your 3 basic charts to use when trading, and i don't mean particular time as in 1 min, 3 min, etc..I mean in strategy context.

J_S

you mean what do i look for? what patterns or setups I use? i use daily highs and lows for range days/reversal plays. for trend days, gauge market direction based on new extremes made, expect continuation and get in on pullbacks. and literally use price levels if i wanna catch breakouts via pyramiding.

 

[J_Smith]

Tabernacle lol . So you are one....

I know this strategy. Tony Crabel related. But those are range days. Selling highs on trend days gets expensive and not advisable.

This is a mind bender, but interesting. take losses to attract profits? average down?

No, but I wish I was in their little circle, as they make more money in a week than most make in their liftime - it is called wealth transfer, and is a closed shop for all but the elite few.

Barristers and professors are similiar, but on a much smaller scale - they are like mice compared to the elephants

Normal strategies do not work all the time, no strategy does - but that does not mean one can not perfect their own strategy based on historical facts.

J_S

 

[achilles28]

There is always more than 1 price moving in any given timeframe, is there not!

J_S

you mean other markets? other instruments moving in the same time window?

 

[J_Smith]

you mean what do i look for? what patterns or setups I use? i use daily highs and lows for range days/reversal plays. for trend days, gauge market direction based on new extremes made, expect continuation and get in on pullbacks. and literally use price levels if i wanna catch breakouts via pyramiding.

No, I mean what I asked..not being smart, but you have to read everything you see correctly - we are not in the pew, remember

A hint...

T
S
T

aka..TST charting

J_S

 

[achilles28]

No, but I wish I was in their little circle, as they make more money in a week than most make in their liftime - it is called wealth transfer, and is a closed shop for all but the elite few.

Barristers and professors are similiar, but on a much smaller scale - they are like mice compared to the elephants

Normal strategies do not work all the time, no strategy does - but that does not mean one can not perfect their own strategy based on historical facts.

J_S

ok. so by historical facts..... are we back to cycles? repetitive cycles? timed cycles re the chart u posted earlier?

so if you know, then why aren't you part of the circle? if you know, and trade along with them, then you would have fairly deep pockets by now? why is it a closed shop? closed in what way? not informationally?