Why Is The Obvious Not So Obvious?

[Mysteron]

Yes MN, we never know, that is for sure!

Who really cares who has made 2 ticks on 224 ES contracts today, many times over, or who has put on a spread that will make $10K in a month or so with virtually no risk, or whatever else any other person has done, or has not done, for it will not change what we do, or have, one little bit, so why even bother to waste precious brain time on such trivial things.

Did you see the TV programme just finished on the brain, on BBC4 I think, and how genocide is made possible by propaganda, it was a very interesting programme, and confirmed to me that I was 100% correct to change my way of thinking after my brief study of History some years ago.

To think how a small group of people, through propaganda, can cause otherwise normal people to commit genocide on a massive scale, most recent being Bosnia, is, to say the least, unbelievable, and just shows really how powerful information is, and how easily people can be manipulated and controlled.

Trading information is not much different, in that, it causes people to do things that they would not normally do, as in throw away hard earned money, so one should be very careful what one looks at and listens to, as a little bit of information can be a very dangerous thing, when continually shoved in peoples faces!

J_S

I did see that programme.

In the UK there are some schemes to remove some road markings as they are thought to make driving more dangerous even though they were originally placed with the intention to make driving safer. Seems to me that there is a parallel to various trading methods that many use.

http://www.bbc.co.uk/news/uk-35480736

 

[J_Smith]

Have a read of this.

I know I said you must feel no fear, as in scared money never wins, but that must be accompanied by strict risk control at all times, else you will be playing from decks A&B (bad decks), instead of decks C&D (good decks)...read pdf!

We should all do whatever is required to stop losing TOO MUCH money, for, unless you stop having big losers, you will never win at the game.

It really is common sense, but as you will see from pdf, common sense can just go out the window, and unless you had an injury to your brain, in which case you are unfortunate, then if you still continue to risk too much, well, you are either as thick as 2 planks put together, or just not able to think correctly, both of which can be easily resolved by simple commitment and focusing on what really matters.

Happy reading!

J_S

 

[J_Smith]

I was doing a bit of Excel research online, and came across this.

Do not believe in this stuff, but lets keep an eye on March 1 and see if anything major happens after that date

In case you have not noticed, there are 9 years between the cycles, and as this chart was done in 1996, it obviously did not have post 1996 crises marked in.

If nothing else, it keeps the brain active

J_S

 

[Vindago]

hmmm, wild guess, next couple of weeks markets goes up with short lived rally, S&P futures up to 2000, then maybe the crash starts... Just wild speculation that I will not allow to impact my trading. I am just having fun speculating about who will win the championship...

 

[J_Smith]

hmmm, wild guess, next couple of weeks markets goes up with short lived rally, S&P futures up to 2000, then maybe the crash starts... Just wild speculation that I will not allow to impact my trading. I am just having fun speculating about who will win the championship...

VO, I am a firm believer in the here and now, and do not really believe this stuff about moon phases having an effect on collective thinking, so yes, it is just a bit of fun.

Same goes for magical numbers and mystical levels. There is no doubt auto trading accounts for a very large amount of volume traded on ES every day, so we must accept this fact and try and see the patterns for when auto trading takes place, as they do use repetitive computer programs to trade the ES, which of course are now becoming self adaptive with the advancements in processing power and speed.

We can never guess every move, nor do we need to, for, if we keep playing the game, taking heed of subtle changes in tactics, by chart observation and comparison, then it is possible for us to make more money than we lose, and this must be the millionth time this has been said!

H3 is correct, in that we must never stop looking for a better way, as the tactics are continually chaging, so it stands to reason that if we do not change our approach, which is highlighted by changes in our results, then we will start to lose more than we make, and if that happens, it is time to call it a day, and accept that you have been outsmarted by the money brains.

J_S

 

[J_Smith]

SC, the teacher has put me in the corner again, as he doesn't like Father Jack Hackett

In relation to excel, yes, you are correct, and I found a very easy way to show same in excel. I searched the net for an "add in", to no avail, but after some simple thinking, the feckin answer was as obvious as the nose on my face, and it works perfect every time.

FWIW, my 5 min chart work last night turned up something that I now need to look into, as it is not a normal 5 min chart, in that it looks back 5 minute from current minute, so chart changes as time moves on, with some interesting subtle differences to a normal fixed time chart.

You learn something new every day, but you have to do some work of course, to learn anything of value

Will keep you updated on progress over coming week.

J_S

 

[SkyChef]

JS,

I bought a book published recently on that method and I have scanned through it quickly before putting it away because I have no idea whether it works or not. After you sent me the link, I thought I've seen this subject before so I went back to research the method. And you know what, quite a plenty of instruments exhibits that phenomenon.

I think I'm going to make it my weighted coin. (Hi, RN, the weighted coin, eh? ). I have his book too but have no idea whether it works or not before I came to this forum. Reading this thread from page 1 to the end is quite a lot of work and the gem is everywhere (and I'm pretty bad at solving riddles)

I think I'm set. Now the doing part.

I'm giving myself 1 week to familiarizing w/ my platform, the consecutive trades to feel the difference between no fear trading & fear trading and win/loss ratio. After that, 3 months live trading, then 3 more months to fine tune and report the result to the boss on my birthday, 6 mos from now.

 

[J_Smith]

JS,

I bought a book published recently on that method and I have scanned through it quickly before putting it away because I have no idea whether it works or not. After you sent me the link, I thought I've seen this subject before so I went back to research the method. And you know what, quite a plenty of instruments exhibits that phenomenon.

I think I'm going to make it my weighted coin. (Hi, RN, the weighted coin, eh? ). I have his book too but have no idea whether it works or not before I came to this forum. Reading this thread from page 1 to the end is quite a lot of work and the gem is everywhere (and I'm pretty bad at solving riddles)

I think I'm set. Now the doing part.

I'm giving myself 1 week to familiarizing w/ my platform, the consecutive trades to feel the difference between no fear trading & fear trading and win/loss ratio. After that, 3 months live trading, then 3 more months to fine tune and report the result to the boss on my birthday, 6 mos from now.

FWIW, I would go with stocks first, blue chip, average daily range of at least 50 cent, high volume.

As for books and methods, well, price will do what it is gona do, so, it is our interpretation that determines our outcome, and sometimes the simplest of interpretations are best.

Low risk is key to gain experience, but will not make you money on it's own, for, unless you get good at timing, as in good entries and good exits, then chances of making anything worth talking about is very slim.

I have traded many different ways, and many markets, and all I will say, is, if you learn how to use the concept in the link I sent you, CORRECTLY, then it will keep you on the right side of the market for when the big moves happen.

Of course you will have losers, so what, we all do, no big deal, just keep trading and when the nice moves happen, you are in, and you will then make up for your losers, with additional profit.

Crawl before you walk!

J_S

 

[J_Smith]

Looks like tomorrow might be an important day!

J_S

 

[J_Smith]

J_S