Why Is The Obvious Not So Obvious?

[The Obvious]

What would constitute the perfect entry? It was alluded to earlier by Mr Ed.

1. price moves in your favour right from the get go
2. you can put a very tight stop behind it, without getting stopped out, making the risk as low as possible

If there was a way to identify such entries, with a high degree of accuracy, then it ought to be possible to reverse engineer the selection process.

It should be obvious, by looking at historical charts, where these entries occur.

 

[odlareg]

M3, I know what the coloured lines are. (if other readers don't, here is a hint: They never cross) Though, I could not make it work advantageously.

Maybe I ought to give it another thought. Should I?

GO

 

[Laissez Faire]

M3, I know what the coloured lines are. (if other readers don't, here is a hint: They never cross) Though, I could not make it work advantageously.

Maybe I ought to give it another thought. Should I?

GO

It dropped 20 points below his low risk entry (unless he suggests it actually was a short), so not sure if you should.

 

[odlareg]

dropped 20 points below

So, the question is, is the risk even lower now? What do you think?

GO

 

[Laissez Faire]

So, the question is, is the risk ever lower now? What do you think?

GO

The risk for what exactly?

 

[Laissez Faire]

It should be obvious, by looking at historical charts, where these entries occur.

Buying swings lows. Selling swing highs. Validly recognizing them in real time is a different matter, though.

 

[The Obvious]

Buying swings lows. Selling swing highs. Validly recognizing them in real time is a different matter, though.

Obviously to capture the entire move, you'd need to buy at the point of the swing low.

But you can't possibly know it's a real swing low, as opposed to a fake, until it's already gone up quite a bit.

It's all very frustrating.

 

[odlareg]

is a different matter

Not to speak about getting in.

GO

 

[odlareg]

The risk for what exactly?

"The" risk in trading. It cannot be a crashing plane, or a mad dog

GO

 

[Laissez Faire]

"The" risk in trading. It cannot be a crashing plane, or a mad dog

GO

Well, to be precise then. Did you refer to a low risk long entry or a low risk short entry?

I know nothing, so I don't think my opinion matters or is of any interest to anyone. However, since you ask, I'd say that for a low risk long entry it's still a tad too early, unless you're looking for a scalp.

4000/4009.