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Old Mar 7th, 2012, 04:03 PM   #37
emg
 
 
Join Date: Feb 2010
Posts: 5,965
u guys should ask people like don bright or maverick74 how they began their career.


Did they started their trading career subscribing 3rd party education vendors (u can make $50K in 3 months).

Did they trade at home?
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Old Mar 7th, 2012, 04:39 PM   #38
Redneck
 
 
Join Date: Dec 2008
Location: 32 80 N 96 76W aprox.
Posts: 3,273
Quote:
Quote from BobbiDigital:

make no mistake, I can't get away with it

that is good to know, and I appreciate the thought why good setups have to fail - very VERY interesting, more to ponder. my first thought would be the stock's beta. Market movements as a whole can trump individual patterns


BD

Glad I didn’t put you off with my last post

============================================


Irrefutable fact

The market is uncertain; hence anything can happen at any moment

This does not mean it is random… it simply means it is uncertain

============================================

That said, no amount of rules will make a perfect set up profitable 100% of the time (see above irrefutable fact)

Can setups be perfect – yes

Will perfect setups be profitable 100% of the time – nope

============================================

A trader can trade perfectly…, and still lose any given trade (or series of trades)

So why exacerbate this – by trading anything less than perfect setups

RN
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Old Mar 14th, 2012, 04:07 PM   #39
BobbiDigital
 
 
Join Date: Jul 2010
Posts: 246
Quote:
Quote from Redneck:

BD

Glad I didn’t put you off with my last post

============================================


Irrefutable fact

The market is uncertain; hence anything can happen at any moment

This does not mean it is random… it simply means it is uncertain

============================================

That said, no amount of rules will make a perfect set up profitable 100% of the time (see above irrefutable fact)

Can setups be perfect – yes

Will perfect setups be profitable 100% of the time – nope

============================================

A trader can trade perfectly…, and still lose any given trade (or series of trades)

So why exacerbate this – by trading anything less than perfect setups

RN
RN,

How do you feel about entering at consolidation in the appropriate areas? Seems vital for several reasons. If this is overly simple and a beginner question - perfect. Amazing how a once complex system of thoughts has simplified into common sense thru observation. As a follow up, are then measured moves based on an initial break?

I understand if this is too much. Feel free to rip into me anytime.
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Old Mar 15th, 2012, 01:02 PM   #40
Redneck
 
 
Join Date: Dec 2008
Location: 32 80 N 96 76W aprox.
Posts: 3,273
Quote:
Quote from BobbiDigital:

RN,

How do you feel about entering at consolidation in the appropriate areas?

Seems vital for several reasons. If this is overly simple and a beginner question - perfect.

Amazing how a once complex system of thoughts has simplified into common sense thru observation.


As a follow up, are then measured moves based on an initial break?

I understand if this is too much. Feel free to rip into me anytime.



What are appropriate areas??? (obviously I would say absolutely yes to entering at the appropriate areas – if I only knew what they were)


And it depends on how one is measuring, a measured move - as to what it should be based on


Not giving you much to work with – am I… but then I could say – you’re not asking very specific questions

==============================================================

I am of the opinion – unless price is making a new all time high/ low, then it is a range

Always trade the moves – whether they are back and forth, or are remaining in one direction for awhile

That is unless the back and forth moves are too small to trade

==========================================

Moves can be measured in time, waves, cycles, Fibonacci, price, distance/ ruler (recall NOD’s 2 cm measurement and don't laugh because it did work) – and a few others

===========================================

No need to rip Sir, we're all learning - every day

RN
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Old Mar 15th, 2012, 01:43 PM   #41
Brass
 
 
Join Date: Jan 2012
Posts: 3,502
Quote:
Quote from Redneck:

...Moves can be measured in time, waves, cycles, Fibonacci, price, distance/ ruler (recall NOD’s 2 cm measurement and don't laugh because it did work) – and a few others...
No disrespect, but I think "measured moves" are illusory for all intents and purposes. For any well chosen chart with a suitable measured move, I can find any number of charts where the move either fell short or overshot. Measured moves qualify as prediction, which people simply cannot do with any meaningful regularity. And I'm confident you'll agree that prediction should not be confused with identifying low-risk entry points. If some diehards insist that entries are akin to predicting, then a distinction should at least be made between rudimentary, first-order, low-risk entry "prediction" versus higher-order, flat-out prediction such as a measured move.
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Old Mar 15th, 2012, 02:04 PM   #42
Redneck
 
 
Join Date: Dec 2008
Location: 32 80 N 96 76W aprox.
Posts: 3,273
Quote:
Quote from Brass:

For any well chosen chart with a suitable measured move


I can find any number of charts where the move either fell short or overshot. .
No shit -so can I, for EVERYTHING trading related

Welcome to trading TDog

eta, Measured moves are one way of identifying targets, not the best, not the worst, simply one way

RN
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