Why Is The Obvious Not So Obvious?

[J_Smith]

And yet why you "didn't get it" in the Pullback/Reversal thread is beyond me. Because it was essentially the same question: is it a reversal or a pullback? If pullback, you buy; if reversal, you sell. Don't worry, I won't hold it against you.

Not correct SO.

What is important is knowing the levels, and be prepared to take the required action when price approaches these levels. It is irrelevant if you think it is a reversal, or a pullback, but it is very important what you do, or do not do, when price reaches the important levels.

Why don't you answer the question in the first post, as to what is missing, and then we might see the difference?

J_S

 

[SkyChef]

Another take on control SC, as I believe it really is very important.

Some useful information.

I have an idea of how he came up with the 3R's !

When you read the last few pages about breaking bad habits, here is one for bad trading.

If indicators are causing you to lose money trading, then get rid of them

J_S

http://jamesclear.com/wp-content/uploads/2013/09/habits-v2.pdf

View attachment 161283 View attachment 161284 View attachment 161285

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Thank you very much.
Indicators seems to creates more uncertainties for me so I have getting rid of it after reading your TTF post. Changing habit is the hardest one I suspect because it needs a lot of drive and motive. I'm aware of it but have no motive to change for other things in life. I'm a curious type person so I'm going to use it as my engine to face my last challenge.

PS: I spent 3 hrs on your question and still have no clue. Either my environment and yours aren't the same or my level is way below yours so I can't see what you see. Or both.

Edited: More clue for the clueless please.

 

[J_Smith]

Thank you very much.
Indicators seems to creates more uncertainties for me so I have getting rid of it after reading your TTF post. Changing habit is the hardest one I suspect because it needs a lot of drive and motive. I'm aware of it but have no motive to change for other things in life. I'm a curious type person so I'm going to use it as my engine to face my last challenge.

PS: I spent 3 hrs on your question and still have no clue. Either my environment and yours aren't the same or my level is way below yours so I can't see what you see. Or both.

Edited: More clue for the clueless please.

It is hard to change SC, as change will involve pain, and no person likes pain.

I am not telling anyone to do anything, I am just stating a point, as in if something is not working, then it is worth considering changing it.

Many will look for patterns from previous days, maybe even weeks, or months. I once seen a video from a trading group in some exchange, can't remember which one exactly, but they had a chart of the SP500 going back since when it started, it was a very long chart, with all hand markings on it. At the time I thought it was great, while now I believe it is nothing but a waste of time and effort.

I decided tonight to look at ninjatrader 8 beta, and it is a complete new interface, with some nice new additions to the charts. The biggest problem IB have with their TWS, are the simple things for the charts, and as the chart is your main trading tool, I am always looking for the best one available.

This is one way to look at the ES, with nothing to start you thinking about things that might not really matter, but then again, it depends on who is thinking about it, as what might not matter to one, could be of the utmost importance to someone else!

As for the clue, did you read the question correctly, as you have not said what it might be

J_S

 

[J_Smith]

It's a nice bet with a known maximum possible loss.

Yes, but the odds are not that good, as the chances of aapl rallying back to even $96, let alone $98, by tomorrow is very slim, but only time will tell.

A much better bet yesterday was to buy both the 98 call and the 92.50 put at the same time, and I even had them up on the screen ready to buy, but for some silly reason I changed my mind, which was a bad decision, as the trade would have made 0.40 profit per contract, and even a small bit more, but as they say, that is what happens when you start thinking too much about things

Not to worry, as we live and learn, everyday.

J_S

 

[Redneck]

And yet why you "didn't get it" in the Pullback/Reversal thread is beyond me. Because it was essentially the same question: is it a reversal or a pullback? If pullback, you buy; if reversal, you sell. Don't worry, I won't hold it against you.

Meanwhile in local news:

While several local "leaned" traders discuss / opine / disagree / bitch / moan whether a move is a PB..., or reversal - and can't find their collective asses with both hands..., unfortunately resulting in them missing a 100 point run

Three little ole ladies from Pasadena..., one rube from podunk usa..., and 17 nuns on the run - get on board with price..., make money..., and retire to the Bahamas

=======================

side note

Some trade with a diagonal propensity

Some trade with a vertical propensity

Best to know this before engaging another in a conversation of whether a move is this.., that.., or something entirely else

Just sayin

RN

 

[SkyChef]

It is hard to change SC, as change will involve pain, and no person likes pain.

I am not telling anyone to do anything, I am just stating a point, as in if something is not working, then it is worth considering changing it.

Many will look for patterns from previous days, maybe even weeks, or months. I once seen a video from a trading group in some exchange, can't remember which one exactly, but they had a chart of the SP500 going back since when it started, it was a very long chart, with all hand markings on it. At the time I thought it was great, while now I believe it is nothing but a waste of time and effort.

I decided tonight to look at ninjatrader 8 beta, and it is a complete new interface, with some nice new additions to the charts. The biggest problem IB have with their TWS, are the simple things for the charts, and as the chart is your main trading tool, I am always looking for the best one available.

This is one way to look at the ES, with nothing to start you thinking about things that might not really matter, but then again, it depends on who is thinking about it, as what might not matter to one, could be of the utmost importance to someone else!

As for the clue, did you read the question correctly, as you have not said what it might be

J_S

View attachment 161298

Oh dear, I read the question wrong. Fail the test again. You didn't ask for why watching but rather what's missing.
Good lesson I never learn: You always find what you are looking for.

 

[schizo]

Meanwhile in local news:

While several local "leaned" traders discuss / opine / disagree / bitch / moan whether a move is a PB..., or reversal - and can't find their collective asses with both hands..., unfortunately resulting in them missing a 100 point run

Three little ole ladies from Pasadena..., one rube from podunk usa..., and 17 nuns on the run - get on board with price..., make money..., and retire to the Bahamas

=======================

side note

Some trade with a diagonal propensity

Some trade with a vertical propensity

Best to know this before engaging another in a conversation of whether a move is this.., that.., or something entirely else

Just sayin

RN

I suppose you must be one of the ol' bitch, who just can't keep your nose out of others' ass. Why the hell are there so many gurus (that's right, you) always giving lectures about what shoulda, coulda, woulda without giving one iota of evidence of their own superior skills?

Just sayin

 

[Redneck]

I suppose you must be one of the ol' bitch, who just can't keep your nose out of others' ass. Why the hell are there so many gurus (that's right, you) always giving lectures about what shoulda, coulda, woulda without giving one iota of evidence of their own superior skills?

Just sayin

LOL

You are too emotional my man

I blow a little sunshine your way - you're all nice.., nice

I state fact that rubs you wrong - now I'm an unproven guru

I'm really rooting for you in your tao thread - now..., get a grip

RN

 

[schizo]

LOL

You are too emotional my man

I blow a little sunshine your way - you're all nice.., nice

I state fact that rubs you wrong - now I'm an unproven guru

I'm really rooting for you in your tao thread - now..., get a grip

RN

View attachment 161305

Oh, you're too magnanimous, sir!

One of these days, I just might need your shoulder to cry on.

I too wish you happy trading!

 

[i am nobody]

I received the same PM. Who the hell is this dude? Had he read any of my posts, he would know that I don't use silly indicators. Duh!

Maybe he send it exactly just because he did read your postings......