Why Is The Obvious Not So Obvious?

Nemesis said:
I see a signature at times and then something else at other times, which is obvious to me, but perhaps not to others and perhaps it is not what you refer to. But you are evading the question as to the specific obvious relating to the OPs first post. You profess to know what that obvious is, so again I ask you does the chart contain what you regard as that specific obvious.

How about answering with a simple: yes, no , I don't know, or I won't say.
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It is not that simple:)

What I have found, is that, so many read so much, yet, when asked a simple question like "define a trend", they are immediately lost and have to think about what to say - worried in case what they say will make them look silly in front of others that they can neither see nor hear!

If you can not "define a trend" off the tip of your tongue, then how the hell are you going to be able to trade!

If you buy/sell just because price has dropped/risen, then that might work out a few times, but not consistently, and it is consistency that is required to make money trading.

BLASH & SHABL do work, along with their cousins BHASH & SLABL, BHRASL & SLRABH, but only when you fully understand TST charting - and we are still only discussing the first T!

Do I know what the "obvious" is, well, to be honest I do, as many others do also, but that is irrelevant, as, knowing the "obvious" will not guarantee that you will be able to trade effectively consistently, "the obvious" it is a pre-requisite to trading any market - which means you must know it before you even start to think about trading, which, will then require some additional skills to enable you to make those consistent profits on a daily/weekly/monthly basis.

Maybe you can answer me this question - why has no one "defined a trend" yet?

If someone does not know something, then they should never be afraid to say it, for, how will they ever learn anything that way!

J_S
 
Eddiemorra said:
you mean you're bored of the poems?! :)
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TST you say, for everyday,
will show the way, that makes it pay
those who know, make money grow
those in awe, will lose not draw

this "obvious" be, not you or me,
it is for sure, the start of cure,
to see it bright, turn on the light,
when asked a word, be not absurd

when some do write, it is not shite,
within the ink, can make you blink,
but like all stuff, take out the fluff,
and use ur brain, to make some gain:)

J_S
 
Here is a test!

Pick any stock that is heavily traded on the US exchanges - penny stocks are a fools game so we will ignore them.

J_S
 
Traderz said:
Ok sure How about General Dynamics Corp on the NYSE, stock symbol GD
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TZ, spread too wide for key times, waste of time - pick another with ultra tight spread as we are going to discuss daytrading stock only - no swings/positions.

J_S

Screen Shot 10-04-15 at 03.19 PM.PNG


As for the options..nooooooo wayyyyyyyyy

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Last edited:
APA, SNDK - don't know what the spread is though.

A trend is the tendency for price to continue in the same direction with respect to a particular timescale.

For the pased 4 months APA has been trending down. For the past 4 days APA has been trending up.The down trend on the monthly scale may or may not continue - there is no certainty.
 
Both of them are a bit wide at the start (3-7), but tighten up before 10:00 and seem to stay tighter than (3-7), so they look a lot better than GD for daytrading. The option spreads on both are ridiculously wide for most of day, so options a no go for daytrading these two.

SNDK looks more volatile recently, so would pick that one out of the 2 - would not trade them as spreads way too wide at the open, but for this test will go with SNDK.

J_S

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Nemesis said:
APA, SNDK - don't know what the spread is though.

A trend is the tendency for price to continue in the same direction with respect to a particular timescale.

For the pased 4 months APA has been trending down. For the past 4 days APA has been trending up.The down trend on the monthly scale may or may not continue - there is no certainty.
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It is very easy see where price has been, it is not so easy to know where it might go next!

To daytrade sndk, additional charts will obviously be required, but it is no harm to look at the big picture first to see where it is in relation to where it has been.

What is the current trend for sndk daily and "what defines" that trend?

J_S

Screen Shot 10-04-15 at 08.18 PM.PNG
 
J_Smith said:
What is the current trend for sndk daily and

"what defines" that trend?

J_S
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Current trend is up

Overriding trend is down

Volume


I'll leave it to the good folks here to work out how to fit the pieces together


RN
 
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