Why Is The Obvious Not So Obvious?

[J_Smith]

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.

We all make mistakes SC, mostly due to rushing and not taking the time to stop and think about what we are going to say, or do.

Some years ago, in one of the many books I bought, I came across something that has stuck in my mind, as follows.

Before you execute the trade, wait one period for the timeframe you are trading, so if trading the 5 min chart, wait for 5 minutes when you think you should now place the trade.

Have a look at what you trade, and let us know what you see, or do not see, and what might be the reasoning behind this way of trading？

Example below, should I buy now, or wait 5 min and then buy?

J_S

 

[Redneck]

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

Follow your process / routine strictly - with patience..., discipline..., objectivity

Take each signal - then manage risk fervently - cut each loser without hesitation

Never allow any give outcome to affect you

I may very well be asking to cry on your shoulder

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

Like I said - I want you to succeed schizo - I respect what you're striving for

Consistency takes a hellofalot of (mostly internal) work.., to achieve

Striving for consistency in a fish bowl - I can't imaging the bullshit you're dealing with (both internally and externally)

Trade well Sir - win.., lose..., or draw

RN

 

[SkyChef]

We all make mistakes SC, mostly due to rushing and not taking the time to stop and think about what we are going to say, or do.

Some years ago, in one of the many books I bought, I came across something that has stuck in my mind, as follows.

Before you execute the trade, wait one period for the timeframe you are trading, so if trading the 5 min chart, wait for 5 minutes when you think you should now place the trade.

Have a look at what you trade, and let us know what you see, or do not see, and what might be the reasoning behind this way of trading？

Example below, should I buy now, or wait 5 min and then buy?

J_S
View attachment 161309

JS,

I use candlestick all the time, PNF sometimes so I might miss seeing something there in the chart.
You should wait. There isn't any stop loss safe there except a weak one at 1889.5
(Also depending on your capital risk you can afford per trade)
Thanks for the clue.

Edited: Remove mess.

 

[candles]

 

[FCXoptions]

Is that an order to close just above the high?

 

[Onra]

I think what's missing is a bigger timeframe to establish these mysterious levels...
I studied the 30 and 60 min. from yesterday.
I can't figure out the 60 min.; the 30 min. does make some sense to me regarding these lines...

 

[Iron.Maiden]

I don't understand why what needs to be said it's not. If you want to help, do, but what's the point of speaking in riddles. There is not a single post with clarity except from those making an attempt at posting the answers. Perhaps the intention is to obfuscate even further, just my perception, take no offense please.

 

[SkyChef]

JS,
It took me a while today to see it things for myself, so let me rephrase what I have answered before

Wait. Buy when it is still moving up as long as long as your warning level is not breached.

I'm still in discovery mode so there is a lot to rearrange myself.

 

[J_Smith]

JS,
It took me a while today to see it things for myself, so let me rephrase what I have answered before

Wait. Buy when it is still moving up as long as long as your warning level is not breached.

I'm still in discovery mode so there is a lot to rearrange myself.

Is that the answer to my original question about the chart?

J_S

 

[J_Smith]

I think what's missing is a bigger timeframe to establish these mysterious levels...
I studied the 30 and 60 min. from yesterday.
I can't figure out the 60 min.; the 30 min. does make some sense to me regarding these lines...

It would be easier to see what you are taking about if you posted a chart.

J_S