Would have? Then why didn't you?
It's always obvious after the fact.
Since M4-1 posted his charts on falling prices and we were 'getting close' to a low risk entry 40 points lower - one would have to assume the implication was a long entry.
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Would have? Then why didn't you?
It's always obvious after the fact.
Since M4-1 posted his charts on falling prices and we were 'getting close' to a low risk entry 40 points lower - one would have to assume the implication was a long entry.
Probably not but it doesn't stop an awful lot of people trying.
It would certainly be one heck of a market anomaly if it was possible.
Would it?
I don't follow your line of reasoning - to be honest. Just because most players ain't successful or very successful doesn't rule out a smaller minority which is. And just because something isn't easy (to do or to learn) for most doesn't mean it's out of reach for a select few.
Or what say you...?
I totally agree, and it is obvious that the opposite is true, much easier making money jumping on a train when it stop at an intermediate station that trying to get on the train at the final stop before it turns back!
However I think that most traders are fixated on the latter (myself included, even if I am changing my ways)
O
However the setup around 4150-4140 was good for short. in fact I traded something similar on EUR.USD yesterday and made money (way less that I should, as I had to exit too soon as I had to leave home and I do not like to leave trades open if I am not around)
of course I said so after the fact as the chart was already after the fact. also I do not have access to MES so I could not trade it even if I wanted.
However the setup around 4150-4140 was good for short. in fact I traded something similar on EUR.USD yesterday and made money (way less that I should, as I had to exit too soon as I had to leave home and I do not like to leave trades open if I am not around)
Let's put it like this: a train leave from NYC going west, we don't know exactly where it will end its trip and turn back, it may reach California or stop in Nevada or even Colorado, but before getting there the train stop a little in Detroit then Chicago, Kansas city and Denver (if it goes on it stops in Las Vegas and LA)
so wouldn't be better to jump on the train in Detroit or Chicago or even Kansas City and stay on for the ride, than seeing the train go and go and go while waiting for it to reach LA or Las Vegas or Denver and hoping that it will turn back? what if we fixate on the idea that it should turn back in Las Vegas but instead it keeps going all the way to LA or once in LA it does not turn back but move on to San Francisco and then Portland?
so wouldn't be better to jump on the train in Detroit or Chicago or even Kansas City and stay on for the ride, than seeing the train go and go and go while waiting for it to reach LA or Las Vegas or Denver and hoping that it will turn back? what if we fixate on the idea that it should turn back in Las Vegas but instead it keeps going all the way to LA or once in LA it does not turn back but move on to San Francisco and then Portland?
Nice analogy, but the market isn't a train ride. Are we confusing low-risk entry with the probability of success on entry?
I'm not sure if this latest discussion relates to the 'obvious' at all, but I'll say that the matter of entry probably is market dependent, too, as in some markets you can easily enter on a breakout while other instruments are more back-filling and mean-reverting in general. ES being one of them.
I'm not sure if this latest discussion relates to the 'obvious' at all, but I'll say that the matter of entry probably is market dependent, too, as in some markets you can easily enter on a breakout while other instruments are more back-filling and mean-reverting in general. ES being one of them.
Suppose the accepted way of riding a bicycle was to sit on it facing backwards. This was what was taught in all the books and seminars on riding.
The majority of people wouldn't be successful at it. Could you be in the tiny minority who did have some success riding this way? Sure.
But maybe there's an entirely different way of riding a bike where your chances of success would be far greater.
of course it was long entry..a LRB
u see..they all talk about being right..there is no requirement to be right..just a requirement to act when the opportunity arises..show me another instrument that behaves like this where you can observe a LRB and LRS..with the same amount of opportunities that the ES presents..
i am waiting..btw..u will have to post some nice little pictures like i done..before the fact..not after..sure a monkey can do that