Why Is The Obvious Not So Obvious?

[J_Smith]

Btw, have a look at CL on the 30 min chart, oh well, I did say I was not trading today, and when I say something I mean it, but let's just say I had a very good mind to go long CL a few minutes ago, as when I looked at the chart, it was telling me that this just well might be the time to chance a long.

J_S

 

[DDR]

DR, I think that figuring out where to place low risk trades helps a lot with the discipline issue as based on that you can build a plan to trade specific set ups and then set your bets and wait for the results.

in my personal experience the issue with discipline comes form not having a clear trading plan and trading setup, once you have that it will be easier to do what you must do.

Yes this is true, good observation and in my case coupled with a dash of impulsiveness "oh dear" But I get your point thank's

 

[J_Smith]

Great challenge and I will oblidge, but it's not that simple. It can't be told in one sentence how to do this. Right now a few things are racing through my mind on how to reply. I feel to be fair and so that my answer really reflects on where I really am in trading right now I need to add annotated charts as well. So I will need some time to reply. I can give a sentence but it will be more like explaining my trading plan.

No, a very simple hand drawn document, showing boxes A and B, and the criteria needed in order to move from A to B, on a daily basis.

Of course you have to think, and I have thought so much about it, and tried it so many times, it is very simple to me, and I know exactly what I must, and must not do.

This is how it must be, you must KNOW what is required, otherwise you are just wasting your time and money.

J_S

 

[DDR]

No, a very simple hand drawn document, showing boxes A and B, and the criteria needed in order to move from A to B, on a daily basis.

Of course you have to think, and I have thought so much about it, and tried it so many times, it is very simple to me, and I know exactly what I must, and must not do.

This is how it must be, you must KNOW what is required, otherwise you are just wasting your time and money.

J_S

A flow chart yes ok got it

 

[J_Smith]

This chart, no lines or anything, just a quick look, as that is how I have to operate for now, so that is what I do!

I use IG charts with tws charts because I like them on mobile, as IG have the best mobile charts, and as the charts mean everything, then it makes sense to use the best.

CL is a bastard to trade outright, as they can move it suddenly with no signs of any reason why, hence, I only use options on CL, but so far so good, so gona keep doing what I am doing.

J_S

 

[J_Smith]

I think we are in a danger zone now, meaning we can go either way. I would bet on more up, but it would be a small size bet, with a view to a quick exit unless we get above the close of the previous candle.

It really requires management on the smaller time frames, as you will see it changing direction there first, but as it depends on your available time, all you can do is take on the risk, and let it play out, for we can never know for sure, but we can make a good guess at it, based on repeatable patterns.

J_S

 

[J_Smith]

So far so good, as we now have identifiable levels to know when to get out, or reverse trade.

J_S

 

[The Obvious]

Yes, and No

J_S

OK, let me rephrase the question.

Is the "obvious" a particular method?

 

[J_Smith]

OK, let me rephrase the question.

Is the "obvious" a particular method?

OS, what is it with you and The Obvious

Of course some ways are better than others, but knowing in itself, is of limited value, unless you are willing, and able, to apply what you know, by doing.

So, Yes, it can be a method, and No, that does not mean you will be able to use the method effectively, for if that was the case, everyone would be millionaires in a few weeks, and we all know that just does not happen.

J_S

 

[DDR]

Ok DR, let's see how serious you really are, and you know this is not a smart question.

Show me, in a very simple overview, how you plan to make $2K every day?

Start with a box on the left, call it Box A, and finish with a box on the right, call it Box B.

Fill in between Box A and Box B, how you are going to make $2k per day trading.

It does not get much simpler than this, but I bet you will be amazed at how many things you have overlooked, so let's see what you come up with?

J_S

Actually, lets make it very realistic, and change the $2k to $500 dollars.

Very hard for me to put it into this format as you described maybe I'm thick and I don't really know what you want to see instead I have my methodology on chart form as I am a visual person feel free to assist me in fully understanding your method or can you share yours. As per below opposite for long entry.