MN, as with everything in life, we come to conclusions based on what we mostly SEE, the other senses not been as important. If SEEING is the most important of the senses, and, we believe in the "patterns" and how the brain is wired to automatically make associations for us, which, has to be an evolutionary development, what then do you think is the most important thing to do before making any decision? The answer is RIGHT in front of your eyes, but, if you do not use your brain to SEE it, then, you might be called a MOUSE instead of a MAN Think, and it will CLICK TE
Hmm ... very aptly named Deception Pass Bridge from Whidbey Island http://commondatastorage.googleapis.com/static.panoramio.com/photos/original/886395.jpg
The most important thing to do before making any decision is to THINK after we SEE right? BE+AR = good money as you say. I don't think I understand your question of " is this real" .... What is your definition of real? Everything is just vibrations, frequency and potential energy put together in different forms. Our eyes see a 3d image at best buy on a bigscreen 3d tv while wearing funny glasses but in no way is the image ACTUALLY coming out of the TV for REAL .. It is our eyes tricking us. When we look at the ocean it looks like it would never end. Even though we can't SEE the other side we use our BRAIN and know that in reality it ends and there is an opposite shore. I say your picture is as real whether photoshoped or not My dreams at night are real because they exist in my mind so the picture can be real too.
Thank you for your thoughts and input. I have been watching the sectors performance and using a heat map more often which seems to help out a bit . SLW is the company in the chart which is the best silver company to own and i think it's going higher this year I just don't know if there will be a temporary bounce off the high or not . I'll see how the sector is performing on monday and see how slw compares to that sector. CDE, NG, NEM, NGD are the another ones I'm watching as well in the sector. Regards, Blox
In hindsight here is the same situation in april with SLW. It clearly broke through the old highs . I got in at the retest of the old resistance/new support after the breakout. But do notice how price got up to the high and then bounced off it a few days prior to actually breaking out.
No, it only looks the same at a glance. Take this one as an example. What do you see on the 60 min chart? Where is the support? What is volume telling you? How does this tie in with the weekly? Then see how you read the daily. That's part of the reason why you can't compare the two charts in a few seconds: you need to dig a bit. So let's go back to your questions and examine your thinking... A. You can do that on the hourly and expect a return bounce. This question sounds like you are thinking like a trader taking a signal. B. This question sounds like you are a gambler. No signal, just aggression. C. Another gamble. No signal. D. Now you are trying to take the gamble out of the equation. How do you do that? Remember a lot of gas has been used getting to this point so how do you know if there is any left to run prices up? I have already given you the answer to that one. So A starts off good, B & C become gambles and C is getting lost. What this shows are the gaps in your thinking that induce impulsive confusion. So as well as digging deeper, take a look at how disciplined and structured your approach is. Hope that helps.
OK THEN..HERE WE GO..AND I WARNED YOU ALL TARGETS..TARGETS..TARGETS YOU MUST HAVE A FUKIN TARGET..WHETHER YOU ARE DAYTRADING OR WHATEVER FUKIN KIND OF TRADING:eek: TE USED TO TRADE THE LARGER MOVES..EXPERTLY PREDICTING TARGETS AND LEVELS FOR TRADE INITIATION..AND THEN..TE GOT FED UP WITH MAKING GOOD MONEY AND GIVING SOME OF THE GOOD MONEY BACK..SO THEN..TE DECIDED TO JUST TAKE MONEY OFF THE DUMB ASS TRADERS..EACH DAY..AND GIVE VERY VERY LITTLE BACK IT IS NO GOOD MAKING GOOD MONEY IF YOU CANT HOLD ON TO IT Now then, If you care to ponder on what most post, you WILL see that 99.99% of it is just pure and utter rubbish. The trading game is highly overrated, and expertly presented by those who are good at getting suckers to part with their hard earned money. I am now telling you, with all honesty, that it is all bullshit, and, if you want to make GOOD money trading, YOU MUST become an expert gambler. If you decide to adopt the line of thinking, such as, "trading is not gambling", then you are a thick fukin idiot who deserves to lose every penny you have:eek: They are all a bunch of fukin idiots out there who have only one purpose in life, and that is to screw any person who is screwable, and jest I do not! Take control of your own life, fuk them all, and learn how to read the market correctly, and, when you do, you can make as much money as you like, when you like. BUT, do not get greedy, as, nature has a subtle way of dealing with greed Happy Trading TE..or..better known as The Expert
Do you consider exit signals, targets? I look at a trade as a moving bullseye. The bullseye is the target obviously but what other things do archers take into account without even thinking about it? How far are they from the target? An exact measurement. How much will they need to pull back on the bow? If you were to measure the distance from the bow to the pulled string you would get a measurement. One measurement is better than the other and will prove to hit the target more times than the others. How high will they need to aim? This is also a measurement that when documented and used accordingly will provide more accurate hits/bullseyes than any other measurement. How fast is the target moving? This is a measurement of speed and of course a measurement as well. Now say we put up a sign that tells the archer that he is 200 feet away. This is an indication of distance. We put a measuring tape with the measurement that provided the best results on hitting the bullseye next to the archer so he pulls back the same exact length each time. We also put a target behind and above the original target showing the archer how high he will need to aim with a laser sight on his bow to shoot precisely that high. There is a sign that tells the archer exactly how fast the target is moving. This is our chart and these are all signals that will help us hit the bullseye accurately. Because the archer is a human and not a robot, there is always room for human air. Maybe the archer flinched a little bit when releasing. Maybe he stood just a few inches behind the line and therefore caused a miscalculated shot. These things will happen. The wind in this case can cause all indications of a perfect shot to fail. This is the equivalent of fear caused by world events shaking the market. If you trade purely off signals you will lose more times than not if wind is present. So, wind should always be considered. I have a handful of signals, like the archer, to help me hit the target. This to me is a 'win' which has been hit for profits 75% of the time documented over 1 year. I usually don't have a target in the sense that I enter a trade at 1238 and I want to exit at 1242. My 'target' is to hit the bullseye. That's all I want to do. If done correctly, this will yield profits (however big or small they are) 75% of the time using my set of indicators as signals for entries and when applied inversely, exits. These are just some of my thoughts on technical analysis and using signals as 'targets'.