Yes, it's not random at all ! Even on a very short time frame of minutes, what most think of as noise, is just not noise. But that takes experience to see that..... It's like after 20 years knowing someone that you can see with great certainty how that person will react on a certain situation. If you known that person only 5 days, all his reactions on certain situations seem unpredictable because you don't known him. I think this is a very nice analogy....
The science of trading ; Before there can be the intuitive leaps made by an experienced trader, there must be a rigid adherence to the rules of the system... This is the science.
THE ART OF TRADING The road to mastery begins with the science-- the rules of your system, but it ends in the art. In the art is where the trader becomes superior.
in terms of the time and effort to learn to trade well..from my own experience..I spent 15 months..watching one market..I saw every tick of every day..thats when I started...thats every day without a break no hols etc.. I had no idea what I was really looking at..only that I was trying to laern Wycoff theory and see how it applied to live data...and paying Futuresource about £800 a month at the time..etc ..and they all thought I was mad..!! ..in hindsight, I now see it was the observation that helped.(and that i am probably a little mad.!).it engendered the application of patience in my trading now..and as has been said just before, you do learn to know when it is more probable to profit from a trade..as easyrider says..the better you get at spotting them.. the only thing that is random is the way traders that lose try to trade.. mbt3
THE MOST VALUABLE THING IS INTUITIUON... Albert Einstein. Where do you think he got his idea for the relativity theory ??? There are things you cannot explain.... Just like traders feel it is time to take a certain position. After his death, they examined his brain and the place in the brain that is important for creativity had an enormous density of a certain product.
Well said sabina...intuition is subconsciously stored knowledge..and understanding, on a spiritual level that ones intuition will never harm us, as it is the voice of our higher..superior self..learning to be from that place is mastery.. mbt3
Just like MBT3 I spent night's investigating and looking at the S&P 500 futures charts. And ONE night I saw something, I tought about it and started to look if there was some value in that idea and YES, EUREKA, it was there .... That was the night I started to become consistent profitable....
MBT3 You say it so beautifull.....!!! Yes, you have to reach a level of spirituality. When I'm trading behind my computer with "smooth jazz" on the background I'm not anymore from this world. I enter another world, I feel like I'm connected with something higher than just the physical world... You gotta known what I'm talking about MBT3, yes ?
It's funny really ..but each is our own progress..beyond the tech analysis stuff which initially consumed me..I caould only really see its sense buy stepping back, I then began to see that it was a matter of perception..(yes I mentioned that before)..or rather the nature of each individuals perception of something..(the market) because the market is the same for us all, my lack of knowlede had to stem from how I "percieved"..a loss/a profit..etcc..sorry for the tangent..but my pioint is that being new to this forum and any others..I'm able to see others experiences.. The comman thread for those that are progressing to whatever extent, is a deeper understanding of things, that initially one would never associate with trading..I think that is what I was trying to help Funster see.. Old albert kneew how to put it though..thx sabena for those delicious qoutes..I love a good qoute..as I've said before..we need to understand the difficulties inorder to make it simple..