Why Is The Obvious Not So Obvious?

wtfauoa you speak truth, there is no shortcut, no secret ingredient in making money consistently.

You need to lose some money to not want to lose them ever again and you need to figure out your own way to trade, there is no method that will work for everybody, I for one think that most traders would be horrified about the way I trade but it works for me and that is the only thing that matter!

also, while it took me a long time to figure it out, I agree that Time is a key variable that is often overlooked and undervalued...
 
Vindago said:
wtfauoa you speak truth, there is no shortcut, no secret ingredient in making money consistently.

You need to lose some money to not want to lose them ever again and you need to figure out your own way to trade, there is no method that will work for everybody, I for one think that most traders would be horrified about the way I trade but it works for me and that is the only thing that matter!

also, while it took me a long time to figure it out, I agree that Time is a key variable that is often overlooked and undervalued...
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Common sense really. If what you do is working, do it. If not, then don't keep doing it. The only thing that matters most is the bottom line (hehe, but not the same as the last hehe, hehe). The old saying that Time=Money is also true in trading, but in more ways than one. Luck has an awful lot to do with it, and those who try to convince themselves otherwise, well, are not fully aware of just how lucky they have been. When you are fully aware in relation to luck, you can then be better prepared when it "hits you in the face", and not let the dreaded shouda, woulda, coulda words be spoken.
 
So what is the purpose of this PA, if any? What am I doing, and why am I doing it?

6hi986.jpg


I have taken another screenshot. Anyone want to guess what timeframe it is?
 
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Overnight said:
Does it have anything to do with ES? I notice your charts are not marked up with live entries and exits. So why should we care?
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You had your chance and you blew it, which is exactly why it is always wise to think before you open your mouth. Now go and talk about things that do not really matter somewhere else, as you will find plenty to speak with.
 
Vindago said:
WEEKLY or even Monthly?
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No, but it can be worth looking at the monthly and weekly to see the major levels. About these levels, it is not the level itself that is important, it is something else.

The more times you hit a wall with a sledge hammer, the greater the chance of the wall giving way.
 
so maybe have a look at 30' TF to see how the bottom from the 3rd was created, if it was a spike or price actually stopped there for a while?

that cold have been interesting at the time, as of now it is a bit late for the opportunity. However it would be interesting to see if price goes down there again and how, that may provide some insight on weather the range may be broken soon for the down or if it is more likely for price to climb up again.
 
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Vindago said:
so maybe have a look at 30' TF to see how the bottom from the 3rd was created, if it was a spike or price actually stopped there for a while?

that cold have been interesting at the time, as of now it is a bit late for the opportunity. However it would be interesting to see if price goes down there again and how, that may provide some insight on weather the range may be broken soon for the down or if it is more likely for price to climb up again.
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Look at the hourly chart. Btw, what market are you trading?
 
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