Trading is easy, very easy, damn easy

Come on if your going to quote it take it in it's entirety


If it's a must I post something - I use horizontal lines


eta - I thought you and I were better than that

 

RN,

Just one more question tonight, do you place a stop order in the market at the time of your trade or do you pull the plug manually?

Thanks and best of luck

 

Manually – but I use the things without any… and I mean “ANY” hesitation

And I know “exactly” where I will get out – before I ever get in a trade

RN

 

Kudos.

I have more questions but said that was the last.

I will honor my word unless you give me a pass.

 

I would like to hold off and see where MC wants to take it

Like I said I do not want to taint anyone's open mind


But as this thread progresses - I ain't goin anywhere - ask away

RN

 

Fair enough.

Have a great evening.

 

The line was amusing on its own merit ... no harm intended.

 

Part of the answer is that all the fractals 5/15/60 minute will lineup.

Another part of the answer is you (not you personally, you as in "you the trader") begin to see similar partterns repeated over-and-over again, and learn to act on those observations.

Some traders see this in "volume", others see it in "price action", still others see it in the lining-up of other tools they use to trade (VIX, TRIN, Bankers, etc.).

 

Don't forget false positives. LOTS of those along the path

 

Most traders never make it to profitability. If you have, Cudos.