Why Is The Obvious Not So Obvious?

[Pelt]

I like to trade when price moves outside the track and stops, then oftentimes, it moves back to the other side of the track. not always, of course.

usually, I do that, but often times I am too shy and miss the good trade

like today on NZD.USD... I missed the up and the down, but what you know, there is always tomorrow

Just for clarification... the up portion of that day, on that pair... that would be trading AWAY from the track correct? THe down would be what your referred to in the first quote above right?

Lemme know if I need to post an image?

 

[Vindago]

not exactly: sometimes price moves away from the track, stops, moves back and over to the other side of the track to finally get back in track. best trade, but also hard to get the entry right, is at the first stop, till the stop at the other side. easier trade is after the first stop...

 

[Pelt]

not exactly: sometimes price moves away from the track, stops, moves back and over to the other side of the track to finally get back in track. best trade, but also hard to get the entry right, is at the first stop, till the stop at the other side. easier trade is after the first stop...

... hmm, not the answer I was expecting. So maybe my understanding is wrong.

VO, well lemme ask you this... did my question make any sense, or was it rubbish? I.e., were you able to see where I was going w/my question?

 

[ironchef]

I miss @MrScalper and @nysestocks. Learned a lot from their posts.

 

[Vindago]

... hmm, not the answer I was expecting. So maybe my understanding is wrong.

VO, well lemme ask you this... did my question make any sense, or was it rubbish? I.e., were you able to see where I was going w/my question?

yes, you got it right, if you imagine the track as line and the "pattern" as the figure composed by two triangles on either side of the track, where one side of the up triangle continue downward to compose a side of the down triangle...

 

[Pelt]

Where the hell is my nose and where are my toes?

Does one have to cross their eyes to see their nose?

 

[M4-1]

I would say, given the second quote... that thinner lines , reflects less light that you see(that's why the color yellow was chosen). So the point is to notice when price moves fastest.

it is a personal preference..as of late i just use black on white standard in MT5 mobile..no messing about with changing things..

there are a few key things that can keep you on the right side of trading..what do you consider to be the most important?

 

[M4-1]

when you ask a question of someone.. always think of "Que sçay-je?"..as you can only relate to the experiences you have encountered..

now look at "great minds think alike though fools seldom differ"..what does this statement mean to you?

 

[M4-1]

Maybe...what should be obvious is quite literally doing the opposite of what is taught by most "pros" as it is all random at the end of the day?

if anyone reads books like Reminiscence of a Stock Operator..and the multitude of other outdated books up to say 2007..then they should not be expecting to learn anything of value in relation to taking some money from others..

i think i might have already mentioned something about a presentation about trading today..where the so called "professional" was more or less saying that there are only 2 ways to trade..you either trade against the pros..or with them

of course..if you have any experience with risk and reward..you would have seen immediately that all he was doing was trying to get more suckers to join the DOM trading frenzy..and wait for it..as the newest buzz is VAPA..or some other silly buzz word!!!

as Socrates used to say.."new cannon fodder will always be needed"..and he surely knew all about that

 

[Vindago]

so, I will have to leave IB as a broker since due to Brexit they moved the European branch to Ireland and with this move leverage on Forex is not allowed any more.

I am looking for a new Broker, possibly specialized on forex, while I do some research I wonder if any of you have some suggestions...