Why Is The Obvious Not So Obvious?

[M4-1]

here is something else to "think" about..and if any person is offended..then..that is your problem..not mine

if you believe that there is an afterlife and that you will have eternal life..

then..

you will believe most of what is written by anyone in relation to "trading"..

however..

the OBVIOUS thing would be to "educate yourself" in relation to what you are being "told"..by..obtaining the facts..and then making an "informed decision"..

remember also..

when you go in front of a judge..the facts are only facts..when there is "evidence" to support the facts..in other words..we are not interested in..

HEARSAY

 

[M4-1]

I agree, it is ALL rubbish. I have not purchased a trading course in at least 7 years. I have not read any books in trading in at least 5 years. This thread, is literally the ONLY thread I participate in on the ENTIRE internet with regards to trading.

I may have read a few books about psychology or sociology... but they weren't about trading. I did read Denise Shulls book within the past year, but that is not so much about trading as it is more a book about one's self.

Yesterday, I found a used copy for $3.99 USD on ebay, and ordered a book in called "The Technology of Political Control." It was recommended by the the top person in your first list, as it describes how "the herd is controlled and misdirected and dumbed down."

I have deleted ALL files I have compiled about trading from my PC. There is actually a story behind this and the corruption of a hard drive and the files I chose to manually recover.

I wonder how many other fellow travelers have similar experiences with the information they consume.

MP

MP for Mr Pelt

i forgot one name to the list above..i don't think he knew about trading at the time..but his name definitely struck a cord for the hippocampus..and it was..

muddy farmer

whilst i don't really buy any books at the moment..apart from law books..but even then it has to be a highly priced book at a good discount..or an old book with some specific area of law that is still relative today..no good reading anything unless you can make use of it

socco was/is a character..but..he really doesn't know much about trading..apart from the stuff he copied from William's stuff on VSA..and then sold it to idiots for £5k a pop..who then left him tie them up on a barge near London's financial centre

one of his "students" now has her own book on VSA..she even has it translated into Vietnamese now..what a laugh

i could write a book myself at this stage..but..even though i have no problem screwing those in authority..every chance i get..i believe if you screw the plebs..then you eventually get what you deserve..

much better to just understand what it is you really need to know..make use of every opportunity as it arises..and then just..

live..die

as you are already born

 

[Ed48]

The caveat to my query would be that you must use reasonable money management. I.e., you couldn't just risk 80% of your capital on every trade.

You could however, hold losers as long as you like, or take as many trades as you like.

If you could come up with a consistent losing strategy, then it would be easy to make money.

Create two accounts A and B. Put $x in A, and trade this using the losing strategy. Put $10x in B and take the opposite of every trade in A.

 

[Laissez Faire]

When I trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away. They keep on flying back and forth, taking small bits of bread. They may have to make a hundred stabs at a piece of bread to get what a pigeon gets at one time, but that is why a pigeon is a pigeon. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade. For example, there are times during the day when I am sure that the S&P is going up, but I don’t try to pick the bottom, and I am out before it tops. I just take the mid-range where the momentum is greatest. That, to me, is trading like a sparrow eats.

 

[M4-1]

do not forget that like any endeavour..practice makes perfect..especially when you decide to use some new tool/s..after all..if you cant do it when practicing..then how in hells name do you expect to do it with real money !!!

 

[IANAE]

would that be the one where you reverse your trading buttons..so that you are selling when you think you are buying..and buying when you think you are selling

Kind of.

I'm often going long where my previous self would have been looking to go short, and vice versa.

 

[M4-1]

first day's trading for a few "dopes"

 

[M4-1]

this one doesn't look too bad..low liquidity at the moment..but worth watching none the less..i might be tempted to diversify

 

[fairvalue]

if they are referring to Mirror Trading..then forget it..when you have spent enough time wasting on trying to find out what others are rambling on about..you will find that if you look closely enough..and think about it..they are all talking about the same thing..which is.........

well..who knows..as most SHOULD know by now !!!!

remember..the purpose of DBCF

okay, let's proof again how much a noob I really am =D

in addition to the recent added charts and the DBCF-concept:

• DBCF - Deaf Blind Can easily Fall - Duty, Breach, Causation, Foreseeability
  • I really dont like to give any guesses - making an ass myself. As I see it, the probable downside move is stopped by a prominent resistance line. For the Buy a SL line is established were resistance became support. The exact validation were the Buy is triggered is open to me. I would put like this: as the downmove (after the initial upmove) was unable to establish, it serves as kind of reference for setting up the Buy.
• The SL is moved upwards, when the TRL area is reached. Lacking a better explanation i want to call it Triggered or Tropedoed Resistance Line =) It can be clearly seen.
• The SL is then moved up in an expectation that momentum is sufficient to let the position run upwards AND to cut losses and minimize risk.
• I leave aspect time here, but I think I know what you wanted to tell me and I pretty sure this is the only thing a really thought through and is understood =) Just to say, it is not the perfect time.
• then things play out, just as they do or can, this time they dont
  
• TP is a risk/reward ratio of 1:3,x - coincidence or not, I don't know. From money management aspects it is important to have a high ratio. But why not 1:2 or 1:4?

 

[M4-1]

okay, let's proof again how much a noob I really am =D

in addition to the recent added charts and the DBCF-concept:

• DBCF - Deaf Blind Can easily Fall - Duty, Breach, Causation, Foreseeability
  • I really dont like to give any guesses - making an ass myself. As I see it, the probable downside move is stopped by a prominent resistance line. For the Buy a SL line is established were resistance became support. The exact validation were the Buy is triggered is open to me. I would put like this: as the downmove (after the initial upmove) was unable to establish, it serves as kind of reference for setting up the Buy.
• The SL is moved upwards, when the TRL area is reached. Lacking a better explanation i want to call it Triggered or Tropedoed Resistance Line =) It can be clearly seen.
• The SL is then moved up in an expectation that momentum is sufficient to let the position run upwards AND to cut losses and minimize risk.
• I leave aspect time here, but I think I know what you wanted to tell me and I pretty sure this is the only thing a really thought through and is understood =) Just to say, it is not the perfect time.
• then things play out, just as they do or can, this time they dont
  
• TP is a risk/reward ratio of 1:3,x - coincidence or not, I don't know. From money management aspects it is important to have a high ratio. But why not 1:2 or 1:4?

a lot in one go

everything centres around S&R..as..what we always will have is..

Consolidation
Break Out
Continuation / Consolidation
Breakout

as RN would say..rinse repeat..rinse repeat

the main difference in relation to reaction at these "levels"..is..TIME

the higher TF's are where the big money have taken positions..why..because that is the way it is..

Ours is Not to Reason Why..Ours is But To Do & Die

there is one very important thing to be aware of when price approaches a S&R level..and..as we are getting very close to The Obvious at this stage..i need to proceed with caution..as..there is no reason in the world to just "hand it on a plate" to every dumb ass trader who decides to drop in and have a read..do you get my "drift"