Why Is The Obvious Not So Obvious?

[Vindago]

X axis. Seconds, Minutes, hours, days, weeks, months

yes and no... time is packaged into bars/candles, right?

so when you look at a chart you look at the price escursion during a month, a week, a day etc.

Now, is it the same to look in real time to a 1min chart and a daily chart?

 

[NotTheExpert]

yes and no... time is packaged into bars/candles, right?

so when you look at a chart you look at the price escursion during a month, a week, a day etc.

Now, is it the same to look in real time to a 1min chart and a daily chart?

What are you getting at? Yes

 

[Vindago]

What are you getting at? Yes

First rule of the wannabe trader (we all are until we make it): think for yourself, do not go looking for a guru, trainer, book to teach the secrets of trading, you will never find them this way.
second rule: hear what people, books, trainer, guru says but think about it and filter in what you deem useful and out what is not.

I gave you some food for thoughts based on my experience, it is something important for me but for you? only you can know, so do what you will with what I wrote, it makes no difference to me and it may make no difference to you too or it may...

 

[Traderz]

Ah yes the time=money mantra. Price can only do one of three things, Most will never figure it out. Blame the education system and shills gurus whatever, this is the fate of those incapable of thinking for themselves. So what will it be red pill or blue pill??

 

[Vindago]

Ah yes the time=money mantra. Price can only do one of three things, Most will never figure it out. Blame the education system and shills gurus whatever, this is the fate of those incapable of thinking for themselves. So what will it be red pill or blue pill??

Actually, often enough, price will be doing two or even all the three things at the same time, depending on the magnification with which it is looked at

 

[NotTheExpert]

Ah yes the time=money mantra. Price can only do one of three things, Most will never figure it out. Blame the education system and shills gurus whatever, this is the fate of those incapable of thinking for themselves. So what will it be red pill or blue pill??

Up down or sideways. But how does this help me?

 

[Traderz]

Up down or sideways. But how does this help me?

Buy when it goes up, sell when it goes down.

 

[Ed48]

Ponder this question:
https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/page-17#post-2344221

And followed up here:
https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/page-22#post-2345712

One possible answer might be to try a different TF.

But there may be other answers.

 

[NotTheExpert]

Buy when it goes up, sell when it goes down.

I’ve done this though and it doesn’t seem to work for long? Maybe I should have waited more patiently? Idk

 

[Ed48]

If anyone wants to study the OP's posts (to try and discover the secret sauce ), the attached PDF is a bit more convenient than trawling through the thread.