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Old Feb 13th, 2012, 04:58 PM   #2773
BobbiDigital
 
 
Join Date: Jul 2010
Posts: 244
[QUOTE]Quote from nysestocks:

[B]6) BLASH and SHABL about 90%

7) BHASH and SLABL about 10%

Hey TO, if you're still lurking out there... is it more like 88.88% and 11.11%? If it requires further explanation then obviously not
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Old Mar 3rd, 2012, 06:54 PM   #2774
bogan22
 
 
Join Date: Mar 2010
Posts: 58
Quote:
Quote from Mysteron:



I've been watching DV out of curiousity as to how it behaves. The ADR has been decreasing in recent weeks. Lots of levels and 35 seems significant.

Now the EU leaders have agreed, except for Cameron, maybe US stocks will proceed more orderly.
back to 35 again.

regards
The bogan
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Old Mar 3rd, 2012, 08:46 PM   #2775
bwolinsky
 
 
Join Date: Jul 2008
Location: KCMO, Kansas and Kentucky
Posts: 4,975
Quote:
Quote from Mysteron:



I've been watching DV out of curiousity as to how it behaves. The ADR has been decreasing in recent weeks. Lots of levels and 35 seems significant.

Now the EU leaders have agreed, except for Cameron, maybe US stocks will proceed more orderly.
Higher low in this chart, and it wouldn't have taken very long to see where the most recent low was.

If it goes into the 35-35.40 range it's a lower high, but if it keeps going, unless it's into the next range it'll still be a lower high where the market will reverse down.
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Old Apr 29th, 2012, 05:54 PM   #2776
davroz
 
 
Join Date: Apr 2012
Posts: 26
Quote:
Quote from nysestocks:

Why Is The Obvious Not So Obvious?

I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the obvious is not so obvious to many!

There appears to be a lot of textbook information being thrown around, especially in relation to position sizing and risk management.

What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.

It will be very interesting to see what answers the many traders come up with for the obvious, those with little and lots of experience alike!
Quite a long thread, it took a while reading it and the other related thread 'If you want to fail as a trader, study TA'.

So to summarise what seems to being said:

1. A daytrader requires an instrument with adequate daily range.

2. TA is not needed.

3. Volume is not needed.

4. Trend lines are not needed.

5. Note horizontal S/R levels where the major players react.

6. Enter trades close to those levels for high RR.

7. Set a price target based on measured moves.

8. Set a stop loss based on volatility of bars on the TF being traded.

9. Trading is gambling, so play the odds.

10. Trade what you see, not what you think.

11. There are no experts, except The Expert.
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Old May 2nd, 2012, 07:21 AM   #2777
J Ski
 
 
Join Date: May 2011
Location: Georgia
Posts: 358
I've missed reading WITONSO thread.
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Old May 5th, 2012, 02:05 AM   #2778
bogan22
 
 
Join Date: Mar 2010
Posts: 58
Quote:
Quote from davroz:

Quite a long thread, it took a while reading it and the other related thread 'If you want to fail as a trader, study TA'.

So to summarise what seems to being said:

1. A daytrader requires an instrument with adequate daily range.

2. TA is not needed.

3. Volume is not needed.

4. Trend lines are not needed.

5. Note horizontal S/R levels where the major players react.

6. Enter trades close to those levels for high RR.

7. Set a price target based on measured moves.

8. Set a stop loss based on volatility of bars on the TF being traded.

9. Trading is gambling, so play the odds.

10. Trade what you see, not what you think.

11. There are no experts, except The Expert.
Pretty close to my thoughts as well. Except for number 8 I don't recall advise on stop losses being based on volatility, but, I'll recheck my notes. I'll add in:

12. Generals play in the higher timeframes follow the higher time frames.

13. Don't predict just react (close to number 10.)

14. Bee's buzz around those important levels.

15. Most of the riddles were to hard for my tiny brain.

16. Apparently box's save your sox'x.

17. This is hard work.

cheers
TheBogan
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