Why Is The Obvious Not So Obvious?

TO, you are doing too much thinking, and need to open a small $ account and start trading again. You know what you done wrong now, as in risking way too much, but if you don't trade you will never make any money, and you can do it with very limited risk to build your confidence back up.

This post is for YOU, not me!

Last night I posted an ES option trade that I closed at 12.50..and I put in an order to buy again at 7.00 or 7.50..can't remember..but I changed my mind as market was pulling back..so I caught the pullback today and bought it at 5.50..then closed at 9.50

I am only playing around at the moment, most of my trades are done out in the garden, seriously, so no reason why you, or anyone else, can't do the same, you just need to start thinking about where you will enter, where to get out, and just place the trades, win or lose.

Practice makes perfect, but you must start trading, otherwise you are just wasting your time, and that is silly. Years ago I done a custom course on PLC control for a specific machine, and the person who gave it was the main man for the company that made the machine, and he said something to me that day which has stuck in my mind ever since, which was..

"You should only use a computer to make you money, not waste your time on"

I have reminded myself that saying so many times over the years, and all I will say, he is damn right!

J_S

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TO, this is for YOU, to get your head around some of the stuff in this thread.

It is not the holy grail, but will give you an understanding of how some traders follow the big institutional traders, and has some very valid material for daytrading.

I used it in the past, but have since developed my own approach.

PM me for the password, if you can not get it!

J_S

https://www.sendspace.com/file/uzsdz7
 
:banghead:
J_Smith said:
Glad you see it that way VO.

So, to get to the bottom of this obvious thread, for once and for all, time to get back on topic.

In a short few words, what do you now think, after recent discussions, what the obvious really is, after that we can discuss why the obvious, is not so obvious, for most.

J_S
More...

I take a bite after struggling w/ myself to initiate a trade (and still struggling every here & then). After a prolonged period not doing anything regarding of trading and I almost forgot everything.

Know It & Do It.

The Know Part: Know Yourself, Know your instrument, Know how price action influence the probability of direction, risk management and most important know what it is instead of predicting what it will be.
The Do Part: God help me.:banghead: Start small to build confidence. Positive Reinforcement Habit and do it consistently.

I'm struggling in every aspect of everything I described above. I'm basically go to square one on price action by drawing stick by stick everyday on 10 min chart. One step at a time.

PS: I got to this point by everybody posted something valuable for me to know how unprepared I was and I'm. Thank you guys.
 
JS,
So now 1927 is line in the sand? What does it say if this line doesn't hold? and is volume an important part if it's broken through w/ low volume?

Thanks
 
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It depends on how you trade, but for daytrading the 5 and 1 are fine.

Market now going up till we get below line in sand, and stay below!

Yoy are spot on SC, just do the trades, but be prepared for some whipsaws, so watch futures on booktrader, but overall, you will catch the nice moves, and make money.

Simple as ABC ;)
J_S

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SC, you should now see why you must pay close attention and do the work.

1 min saves you giving back.

You must trade, otherwise you will just be making and giving back, which is total waste of time.

I will send you pm with a link later.

Remember the big picture, we are at key level and could easily reverse quickly!

J_S

Screenshot_2016-02-17-19-52-53_1.jpg
 
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