Why Is The Obvious Not So Obvious?

[themickey]

Yup, I've too noticed a discrepancy between barcharts.com and finviz.com charts.
Barcharts only display 5 days per week on bitcoin, whilst finviz is 7 days per week.
Also I noticed daily volume on barchart.com is incorrect, they only display 4 days of volume.
I think Tradingview & Finviz charts are more accurate than barchart for bitcoin.
Only 4 days per week on volume, bitcoin, barcharts.com

So the Daily Open is not a crucial benchmark for your principle...?

No.
First off I swing trade stocks.
I work off data sheets (not charts) which is not sourced from chart suppliers.
I trade more of the long game and so an hour or day here or there is not critical.
I tend to trade off levels plotted from 3 monthly to 6 monthly periods.
I'm now trying to ween off trading multiple stocks and more into hot sectors via etf's.

I look at charts but just as an overall idea, birdseye view, so if barcharts.com is inaccurate on bitcoin, the difference doesn't effect me as I plot my moves from my data.
My data gives me the heads up, not the charts.

 

[NotTheExpert]

Where do you get your data sheets?

 

[themickey]

Where do you get your data sheets?

I create my own algos, have been for many years, learnt the game from a Amibroker mentor. (Kaveman).
The guy lives about 1 hours drive from me.

 

[NotTheExpert]

This line of thinking regarding movements and volatility led me to an idea. going to research and explore it now

 

[NotTheExpert]

But Mr. H, do you know "everything"!

What if there was an answer?

What if the answer is so simple that it will not be believed!

I have not seen any responses to my questions regarding "childhood", and what children like most of all to do!

There is always "someone" out there that just knows that little bit more, and as mentioned, it is that "little bit more" that can make that "big difference"!

There is indeed an answer, but it will not be divulged for "obvious" reasons.

Children like to play around and try a lot of different things. As adults, we stick ourselves into bubbles and don’t think outside of what we want to believe. We can also be much less energetic and lazy. Combine those 2 things together and a person never learns what they need to learn.

 

[schizo]

Children like to play around and try a lot of different things. As adults, we stick ourselves into bubbles and don’t think outside of what we want to believe. We can also be much less energetic and lazy. Combine those 2 things together and a person never learns what they need to learn.

Not sure if you're here to learn how to trade or how to philosophize. With your level of wit, you'd be better off cracking a book on Plato's Cave.

 

[themickey]

Children like to play around and try a lot of different things. As adults, we stick ourselves into bubbles and don’t think outside of what we want to believe. We can also be much less energetic and lazy. Combine those 2 things together and a person never learns what they need to learn.

That's definitely how not an expert would think.

 

[M4-1]

Ok so I went through a lot of the OPs posts in other forums etc. I did that before but I had forgotten some things he mentioned. He spells it out plainly in other threads. To be honest, I’m sort of hanging onto his every word.
1. 95% of traders fail and it’s because of doing all the popular methods out there and not thinking for themselves. TA is not inherently good or bad but it needs to be understood why it happens. TA more so explains what already happened.
2. A signal should smack you in the face. You shouldn’t have to debate whether you’re seeing a signal. It should be clear as day.
3. You need to analyze your own account for data gathering purposes. Trading your own account is more valuable than loading to learn.
4. Gems DO exist. You just have to look for them (so now he’s saying that learning is good. Just don’t pay to learn). He’s saying it’s actually very much required to learn as much as you can about the FACTS. My guess is the facts pertain to how trends typically evolve around certain seasons and historically resounding events
5. Small losses all the time is bad (I experience this one). Regularly take profits and losses.
6. BLASH AND SHABL 90% of the time. Do the former 10% of the time.
7. Not sure if this was the OP but someone mentioned that narrow range bars proceed wide range bars and Vice versa. Considering price moves in this context most of the time, I’ve started to observe the daily to try to pinpoint what type of day it’s more likely to be. I’m seeing if that can help me with reversals AKA BLASH and SHABL.
8. Most traders don’t have an edge and all the risk management in the world will not save you without having an edge. (2nd post in this thread).

With that said, I feel even more confident that what I really need to do is keep trying my hardest to develop an edge. Something I can do more of is start studying the specific aspects of certain movements. I am finding that quite hard. I’ve considering using retracement measurements (not standard fibonnaci) to try to learn this better. It sounds quite hard actually. I also need to simply read more…. But what to read? That’s the question. I have to sacrifice time for one thing over another either way. I think gathering my own statistics through any means necessary is probably the best way.

did you read Uncertainty and Expectation by Gerald Ashley..if not..then you will always find it hard to understand why it is you lose when you risk your hard earned money..

i just got an email notification that i had a private message..asking me do i post here any more..well..it is Obvious that i don't

why not..simple..just a waste of time..and i have far more important things going on at the moment..

in the past i "had to post"..but now it doesn't bother me if i don't look in here for 6 months or more..or even longer..

RN returned and i thought i might post some more..but never did..as like i said..u need to get your priorities right..and not waste precious time..as TIME = Money

so..u are not getting good results..so..why is that so..well..the most important thing to consider is that u might be trading the wrong market..as.. different markets behave differently..BUT..no matter what you trade..if you don't wait for a low risk entry..then it really doesn't matter what you trade..as the odds are stacked against u without low risk entries..

so u might ask..what is a low risk entry..simple..an entry that has a high probability of moving in your favour shortly after u get filled..and this is where market selection and strategy pays off..

fail to plan..plan will fail

now that is so OBVIOUS

 

[M4-1]

Not sure if you're here to learn how to trade or how to philosophize. With your level of wit, you'd be better off cracking a book on Plato's Cave.

many here would benefit greatly from reading ION..as there are definitely a lot of Homers around here

 

[M4-1]

This line of thinking regarding movements and volatility led me to an idea. going to research and explore it now

no need to reinvent the wheel..there are plenty of platforms out there that can EASILY enable you to SEE low risk entries..one that comes to mind is MT5..a brilliant simple platform..and..if you want to mix with the buzz worders..u can even add third party stuff that allows u to see and trade order flow..trade multiple accounts with same order..and tons of other stuff which some would consider a total waste of time..

the most important thing that i found with MT5 is the ability to draw horizontal lines..and..automatically put in lines for major price levels..that one saved me a load of work when setting up my charts!!!!!