Why Is The Obvious Not So Obvious?

Breakout --> Pullback --> Go!
On this snapshot there's a special situation produced by an Outside Down Bar. It made the First HH and it closed at a new Lower Low. Then a little pullback followed. The Outside Down Bar together with the little pullback forms an arrow showing us the direction we should go. The little bar on this blooming tree the low of which is marked as HL is where we would enter on the stop.
("We" = "I" here, 'cause there are several who talk in my head, always)

 

I'm getting a bit confused...

This thread started out as a kind of holy grail, which was apparently so obvious on charts, that every idiot could see it...
There were lines drawn and everybody was puzzling for this secret method.

At the same time a kind of "Trading in the Zone" talk developed, inspiring even some people to write poetry...
That's more about fighting (or forgiving yourself), and not deciphering markets.

Rossky's last post identifies correctly a breakout pullback short, which refers to (known) Price Action methods.

So:
1. is there a secret method or is it based on common Price Action principles (e.g. Brooks)
2. can you trade it only if you have become "enlightened"?

Cheers, Onra

 

Interesting

You get a bit confused, and post an angry face

By chance do the markets or trading elicit the same… (rhetorical)
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The sum of the parts – make up the whole

We maintain one part is infinitely more important than the rest

But it would be disingenuous to totally ignore the remaining parts

In fact some parts are used to help grasp the most important part

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Think through this.., and your present dilemma

It may help bring clarity...., it will certainly go a long way in understanding what we believe to be most important.. and the essence of this thread..


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Guru speak possibly… but I’m not known around here as being a guru – so take it for what its worth

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Just because you hand a knife to a guy or gal – does not a butcher it make them

RN

 

what is the most important bar on the chart?

 

The bar to the right of the one that closed at 33.58, which hasn't printed yet.

 

TO is just saying what he sees..each person has to think for self..what u see in a chart will always be a result of what u think..

 

let us see what some others think also?

 

Human experience (and trading) consists of a very few important events that happen during life and matter, and the hurricane of irrelevant thoughts of yourself (mainly) and others that occur in the mind, and that are, mostly, nothing.

So basically what others think is their own problem (to get rid off).

The Snow Man
by Wallace Stevens


One must have a mind of winter
To regard the frost and the boughs
Of the pine-trees crusted with snow;

And have been cold a long time
To behold the junipers shagged with ice,
The spruces rough in the distant glitter

Of the January sun; and not to think
Of any misery in the sound of the wind,
In the sound of a few leaves,

Which is the sound of the land
Full of the same wind
That is blowing in the same bare place

For the listener, who listens in the snow,
And, nothing himself, beholds
Nothing that is not there and the nothing that is.

http://www.youtube.com/watch?v=3K0oy2Na_pg&feature=related

 

The Outside Down Bar.

In this particular situation (the larger snapshot) it is a Gear Switch in a U-turn.

Also, this Outside Bar made the market one-sided. If it were me stopped out by this bar, I wouldn't be thinking going long again.

 

Hi to all, though I don't trade stocks the second break out (down) at around 36.50 and currently the last bar (KR) heading back towards the the same level, it could either retest it and fail again or punch right trough, my 5 cents.