Why Is The Obvious Not So Obvious?

[Pelt]

Lots of questions. First, let us look at your interpretation of my words. How did you make out that I suggested a "Motive without the Modus Operandi."

I was drawing a blank for a way to make the distinction between WHAT to do, vs exactly HOW to go about carrying it out. As in, what is the best way to go about proceeding with the 4 objectives listed? "Motive without the Modus Operandi," may not have been the best wording.

1. Trade first 30 min
2. Pick instrument with adequate range.
3. Set your risk parameter per trade.
4. Trade

It doesn't get much simpler than this. Can you point out what issues or problems you see with this?

But taking a look at the above quote... Simple enough.

Within that, one has to decide when and where to place a trade(within that 30 minutes). BTW there are x30 one-minute bars in that period. TIME.

Also, risk taken(potential P/L) has to be decided.

Entry and exit points must be decided upon.

 

[algofy]

Again, if you so desire.

Which horizontal line is longer?

More unhelpful drivel....what point is all of this. Which line is longer has nothing to do with trading. Enough with all of this non trading mysticism.

 

[Vindago]

What is/are the obvious reason/s?

because it is a false syllogism, to be true the first sentence should be reversed: anything that need water is a living thing. However this is a typical case of tricky as the two lines in the following example as they may seem different in length but they are not. This happens all the time on charts that presents patterns that induce the trader into thinking that price will go one way or the other while a better informed look would tell just the opposite...

 

[Vindago]

By the way, trading the first 30 min is a risky business if you don't know what you are doing. If you do actually know, it may be a very good time to enter on an important low/high of the day (not necessarily the LL or HH but still a very tradeable one).
Still, as I rather play on the side of prudence I do not like to trade that candle, I will much rather do my trades when "it shows"

 

[steven21]

The Obvious is not so Obvious because we (Traders) look at it (in our charts) each and every day without seeing it.

So maybe we should ask the question: "what am I looking at when I look at a Chart, and what is the chart made of that I do not see for what it is?"

I can promise you that when you finally really see it, money will start flowing to your account in buckets!

Do you mean something like buyer/seller action?

 

[Vindago]

nope, just what I said: looking at charts differently from the herd, if you do so you will see things that will blow your mind.

 

[algofy]

nope, just what I said: looking at charts differently from the herd, if you do so you will see things that will blow your mind.

Just adding more fluff and drivel to this already massively bloated thread unless you can provide a helpful example.

 

[wtfauoa]

I was drawing a blank for a way to make the distinction between WHAT to do, vs exactly HOW to go about carrying it out. As in, what is the best way to go about proceeding with the 4 objectives listed? "Motive without the Modus Operandi," may not have been the best wording.





But taking a look at the above quote... Simple enough.

Within that, one has to decide when and where to place a trade(within that 30 minutes). BTW there are x30 one-minute bars in that period. TIME.

Also, risk taken(potential P/L) has to be decided.

Entry and exit points must be decided upon.

When one trades, it is prudent to have both a min and max risk level. The Min is where you get out based on what happens after entry. The Max is where you are taken out in the event of a major unexpected move against you after entry. One or both can be mechanical, but if trading the first 30 min it is probably best to have just one mechanical, which should be obvious which one.
Profit taking is the harder bit. A profit can very easily turn into a loss in the first 30 min of trading, so, again it is prudent to have a min and a max profit target. What do you think the Min and Max profit targets should be based on?

 

[wtfauoa]

because it is a false syllogism, to be true the first sentence should be reversed: anything that need water is a living thing. However this is a typical case of tricky as the two lines in the following example as they may seem different in length but they are not. This happens all the time on charts that presents patterns that induce the trader into thinking that price will go one way or the other while a better informed look would tell just the opposite...

You are correct, but as Pelt has asked some serious questions let's move on for now. Point is as you say, the charts are very misleading to most, but that is because of the way they think and how they let clueless clowns and dopey dudes cloud their judgement.

 

[algofy]

What's so special about the first 30 mins? You call others clowns and dopey....I've yet to get any concrete anything out of all this drivel.