Why Is The Obvious Not So Obvious?

J_Smith said:
Cayce did give some silly "readings" bout Atlantis and other mumbo jumbo, but there is a very thin line between a genius and a madman, so I ignore his "silly" moments.
J_S
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Is it not too then a fine line between going with the trend and avoiding herd mentality? :)
 
of course
freedomshark said:
Is it not too then a fine line between going with the trend and avoiding herd mentality? :)
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What is your objective and what means will you utilize to achieve your objective!

J_S

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Hindsight is always easy - but what makes all the difference is "knowing" that "what you do not know" can be very beneficial if you but realize that making money is not "all" about prediction, but has a lot to do with...

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J_S

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freedomshark said:
I believe it was Don Rumsfeld that put it so eloquently, whereas the unknown is known to you, the unknown is unknown to the rest of us!
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Yes, I do remember that..the unknown unknown's :)

An art connoisseur will look at the painting and see what was in the mind of the painter, whereas the public will look at it and see some nice vivid colors!

When you look at your "painting" you must see what is in the mind of those who have the money to move price - if you can not see it then you must find a way to "see it" so that you do not get carried away, or "duped" into looking at the "vivid colors"!

J_S
 
The only thing I really know is that I really know nothing!

I will risk money to make money!

I will never risk money that I can not afford to lose!

I will have to take on bigger risk to make bigger money!

I can take on small risk for smaller money by trading smaller timeframes!

I need to keep the money I make or else I am just one big fool!

J_S

A monkey can make money trading once you give him a banana :)

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But I ask, if the markets are random why do the same patterns appear on any chart for any time duration? Large traders use limit orders so they must attract suckers to place trades, but where is the repeated behavior - at support and resistance or to get a price to support and resistance?
 
freedomshark said:
But I ask, if the markets are random why do the same patterns appear on any chart for any time duration? Large traders use limit orders so they must attract suckers to place trades, but where is the repeated behavior - at support and resistance or to get a price to support and resistance?
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Do you think this is random!

J_S

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I think normal distribution can be random. Naturally price is going to cross through a midpoint the most which will create more volume/open interest. Now, I'm not saying it is... :)
 
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