Why Is The Obvious Not So Obvious?

[wtfauoa]

Can you learn too drive by reading a book?

Of course not, but unless you read the rules and take your test, you might end up in jail for having no licence.

There are very few good books written about trading, and I would even go as far to say that there is only one really good one, which is the opposite to all of the rest of course.

As mentioned, until you reach a certain age one will find it very hard to understand, all you need do is look at dumb and dumber. They can not help it btw, just the way things are. There really is no substitute for experience, so when you talk to old people you should really listen to what they have to say, as they have a lot to teach younger people, even if they think they really know nothing

 

[wtfauoa]

@dontrader01 I can not remember the name or the book in relation to MP, but I do remember what was said, as it makes perfect sense. So, I will now save you a lot of time wasting and tell you.

The important thing to watch if using MP to trade the ES is "the extremes". Think about it, for it makes perfect sense to me.

That is all you need from the book, so there you have it. What you do with it is your choice

 

[dontrader01]

@dontrader01 I can not remember the name or the book in relation to MP, but I do remember what was said, as it makes perfect sense. So, I will now save you a lot of time wasting and tell you.

The important thing to watch if using MP to trade the ES is "the extremes". Think about it, for it makes perfect sense to me.

That is all you need from the book, so there you have it. What you do with it is your choice

Thanks for the advice wtfauoa. Yes keep on trading, learn from your experiences is a must.

A few years back I read a few books by Mr Dalton and Mr Steidlmayer as well as J.pearls Trading with Market Statistics thread. This was at a time i was reading everything i possibly could on the markets and yes Information overload can be very paralysing. Obviously everyone views how to trade MP differently and one needs to learn how to use it through practise. However trading the extremes makes sense to me too .

You mentioned you have read a book that is opposite to every other book you have read, I would love to have a read of it if you don't mind sending me the title, Cheers.

 

[wtfauoa]

Thanks for the advice wtfauoa. Yes keep on trading, learn from your experiences is a must.

A few years back I read a few books by Mr Dalton and Mr Steidlmayer as well as J.pearls Trading with Market Statistics thread. This was at a time i was reading everything i possibly could on the markets and yes Information overload can be very paralysing. Obviously everyone views how to trade MP differently and one needs to learn how to use it through practise. However trading the extremes makes sense to me too .

You mentioned you have read a book that is opposite to every other book you have read, I would love to have a read of it if you don't mind sending me the title, Cheers.

PM me you email address.

As was mentioned by @Vindago the book is not a "this is how you do it", but it does a very good job at explaining why you were such a fool for so many years and how by not doing some basic research into how finance works can really cost you a lot of time and money.

So obvious, but how many even think about approaching it this way. As the true saying goes...
"
"a fool and his money are easily parted"

and the world is sure as hell full of fools, that is one thing that will never ever change.

I have great respect for older people, no matter what education they have had. As for the younger people, well, let's just say that it takes a long time for nearly all of them to grow up. I just wish that I had opened my eyes and closed my big mouth years ago, but as the other true saying goes...

"better late than never"

 

[wtfauoa]

What matters most is not where it might go, but where it is now actually going.

If it goes beyond the beyonds, then the unkown unknowns have to be taken into account.

 

[wtfauoa]

working now

 

[wtfauoa]

Where else would you see it

 

[wtfauoa]

You know what they say, but who said they are right

 

[algofy]

You know what they say, but who said they are right

What kind of silly charts are you posting wise sage?

 

[wtfauoa]

What kind of silly charts are you posting wise sage?

If you really want to learn anything of value, the first thing you must learn is how to converse with people in a polite and courteous manner. I really don't know what they teach youngsters in school today, but then again, why should it suddenly change.

The charts look silly to someone who is silly. The charts look clever to someone who is clever. Trading is all about losing and winning the best way possible. This is not accomplished by using silly TA and even more silly automation.

All you need is the 3T's to make money trading, and I do not mean Thick, Thicker and Thickest