Why Is The Obvious Not So Obvious?

Onra said:
is Y the Open and R&G the prior H&L's?
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Yes.


Onra said:
Looks promising..!!
It looks like the closes + follow through are important.
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It was just an idea I'd always had. Was just discussing it it b/c the 'how' was mentioned. But what I'm on about, is the way there are so many days that look VERY similar. Makes me wonder if it is a coincidence?

I.e., just visually, do those days(the ones i have grouped) not look similar?
 
M4-1 said:
other posts..i have no interest in FX or any other instrument apart from Bitcoin..i am not trading bitcoin but am making some money from it.. another days discussion..

my discussion is about trading the MES..i have thoroughly explained the reasoning behind my decision..if you are trading any other instrument then i do not know how my setup or interpretation of how the ES/MES's predictability can be related to any other instrument..

a chart is a chart is a chart..but only to a certain extent..as just noted..

always remember that..

"you can't make a silk purse out of a sow's ear"
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This I actually traded today with real money: 1,77 € gained. I use VERY low risk, as I am still a learner and use a certain small real amount as my learning tution.

Older trades are all hard comodities and FX, which are not related to the task above.
fdax.png
 
Acutal trade: some 6 € =)

The funny thing, I closed the position because I thought that there is no more momentum for a move down. If I would have sticked to my Stop-Loss tactics I would be still in the game - and with a higher profit aswell.

1. Qualification
This does not quality the restrictions "..the chart must show the full day of the NYSE for your chosen day..that is..from 09:30 to 16:00 NY Time". But I hope it qualifies, as FDAX was mentioned.

2. "Main points that makes you choose this instrument over another instrument"
I didn't look at any other instrument. The reaction at a mayor resistance point proofed to be higher than any other reaction in the leg up.
Waitinf for reduced vola to have a low risk entry.

fdax.png

Complete Day:
fdax.png
 
Last edited:
Pelt said:
Yes.



It was just an idea I'd always had. Was just discussing it it b/c the 'how' was mentioned. But what I'm on about, is the way there are so many days that look VERY similar. Makes me wonder if it is a coincidence?

I.e., just visually, do those days(the ones i have grouped) not look similar?
More...

remember the Da Vinci Code :)
 
fairvalue said:
Acutal trade: some 6 € =)

The funny thing, I closed the position because I thought that there is no more momentum for a move down. If I would have sticked to my Stop-Loss tactics I would be still in the game - and with a higher profit aswell.

1. Qualification
This does not quality the restrictions "..the chart must show the full day of the NYSE for your chosen day..that is..from 09:30 to 16:00 NY Time". But I hope it qualifies, as FDAX was mentioned.

2. "Main points that makes you choose this instrument over another instrument"
I didn't look at any other instrument. The reaction at a mayor resistance point proofed to be higher than any other reaction in the leg up.
Waitinf for reduced vola to have a low risk entry.

View attachment 261953
Complete Day:
View attachment 261955
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here is my thinking..there are 2 types of trades..

1. short term..low risk..low reward

2. longer term..higher risk..higher reward

even though the entry might be the same..as you can always do both trades together..the longer you are in a trade..to more you can lose..and..the more you can win..

what determines your risk level is the _ _ _ _ _ :)
 
fairvalue said:
This I actually traded today with real money: 1,77 € gained. I use VERY low risk, as I am still a learner and use a certain small real amount as my learning tution.

Older trades are all hard comodities and FX, which are not related to the task above.
View attachment 261940
More...

you need to contact OA for a little secret about trading the first 30 min..and bit beyond !!
 
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