Why Is The Obvious Not So Obvious?

[Mysteron]

Sounds like spotting an opportunity and then getting the timing right, but apparently opportunity isn't it from what was previously said.

 

[ironchef]

I went back, reread my own posts in 2017. I was clueless.

Once in a while, it is good for me to look into the mirror because in it I am looking at the problem.

Have I figured out what is obvious? I respect this thread and nysestocks, so, let it be.

Thank you nysestocks, The Oracle and last but not least MrScalper.

 

[MarketRisk]

I went back, reread my own posts in 2017. I was clueless.

Once in a while, it is good for me to look into the mirror because in it I am looking at the problem.

Have I figured out what is obvious? I respect this thread and nysestocks, so, let it be.

Thank you nysestocks, The Oracle and last but not least MrScalper.

Are any of them still around in this forum?

 

[ironchef]

Are any of them still around in this forum?

@Redneck came back recently after a long absence.

 

[Traderz]

Are any of them still around in this forum?

My guess is yes but under a different alias... Have to give credit where credit is due though, this thread does make one "THINK" for themselves if nothing else.

 

[schizo]

Are any of them still around in this forum?

I was here when this thread first showed up. As much as I'm allergic to everything I find here, I still come back whenever a new post pops up.

BTW if you noticed, this thread is posted in the Risk Management section. So the "obvious" is about limiting risks and not about some voodoo magic as some of you might think.

 

[Onra]

I was here when this thread first showed up. As much as I'm allergic to everything I find here, I still come back whenever a new post pops up.

BTW if you noticed, this thread is posted in the Risk Management section. So the "obvious" is about limiting risks and not about some voodoo magic as some of you might think.

Well, you sound like you did discover it...:

Well, consider it this way. Prices, or each bar or candle (or a set of candles), tell stories--à la Al Brooks. If you're able to read these stories, then you should have a fairly good idea where (and when) prices reverse. This is where the notion of "traps" comes into play.

 

[schizo]

Well, you sound like you did discover it...:

LOL I guess so, although I never intended on discovering it

 

[MarketRisk]

I was here when this thread first showed up. As much as I'm allergic to everything I find here, I still come back whenever a new post pops up.

BTW if you noticed, this thread is posted in the Risk Management section. So the "obvious" is about limiting risks and not about some voodoo magic as some of you might think.

I agree with you, the basic premises of this thread are quite logical, and that is where the value is. The voodoo portion for me is stuff like measured movement, T=M (not in the philosophical sense), I need to do some more reading on it...

One of the leprechauns has left nuggets of gold at different "sites", sometimes quite openly. Unfortunately, people chased him away and some of the treasures were lost in time. Hope he is doing fine, probably retired by now.

@schizo @ironchef how is it working in practice?

 

[schizo]

@schizo @ironchef how is it working in practice?

To be honest, I'm allergic to this thread. Obviously, if you know what the "obvious" is, you wouldn't be saying it. But that in itself is part of the discovery process (or so I'm led to believe).

Be that as it may, think of it this way. Why are traders so addicted to looking for the not-so-obvious? I say stick to what you know best.