Why Is The Obvious Not So Obvious?

Oh, if you have any questions at any time feel free to ask. Read the post you made following this post you made.


Reading does not work; you found that out as you state. You are correct.

This is also true of teaching. Teaching doesn't work either. You found that out as well. You were told by a person, thanks for the help but I have to practice and practice to learn by myself.

So why do I answer questions? If a person supports the learning of others, he learns a lot faster and learns more and more.

I support anyone's learning no matter how difficult they make it for themsleves.

Watch the Temple Grandin Story. Watch Moneyball. See how Pete supports the learning of professional ball players.

Watch Salman Khan get a surprise when he is taught by autistic children what is really going on.

Watch hahahaha guy be like you are.

 

My posts find out how long they are all by themselves.

Thank you for your question. I see you save question marks.

 

Anyone wants to pass forward to me on SSR application? So that, I could pass forward to others who prefer slow motion. The SSR info in ET is limited and usually two or three liner. You can PM me if you wish. Thanks.

 

Can you describe the thought process you would go thru when deciding what to do here?

We already know our risk beforehand.
Price is at a pivot high.
Price has been going up.
I don't see a good reason to go short or long right now.
Price will often chop at a significant pivot high as it's an area of uncertainty.
There may have been a channel overshoot, so it could come back down & test the opposite side of the channel.
I'd still do nothing, as I don't feel strongly either way just yet.

 

Jack

Nope I’m good

But I do hope you learn to trade one day…..

Should you desire any help in that endeavor – please don’t be afraid to speak up

No one is too set in their ways to learn after all

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Now should you find you haven’t that desire – then please take your peeps and depart – that is if y’all are capable

I sense a need for clarity in this thread


Successful Journey to You, however you decide

RN

 

MAC

Good question

Knowing TO and I don’t trade alike, here’s my thoughts

This also assumes I just pulled the chart up and looked at it for the first time (which I rarely do)

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Where is price coming from (what has it been doing)

How did it get here (reading price - did it sell off hard, rally hard, or just meander its way to where it is)

What part of the day are we in – (example; USUALLY – morning’s are volatile, and typically reverse…, midday is the lunch time range I don’t trade…, price then takes off out of that range and moves… then at ~ 3:00 pm usually reverses)

What is price doing now

Do I have a tradable set up (the trend lines, and S/R areas I’ve noted help figure that out)


Note; The attachment is crude because I did it in a snipping tool – but it is what my eye gravitated toward




RN

 

TO and/or RN .

What does your R:R work out to be on most your trades ?

Also, do either of you add to winners?

 

Z1

R2R is typically a few cents risked – for tens of cents – possibly more – if price gets frisky (morning vs afternoon)

Having said that, in this current environment, today was the first day in a long time I've caught a decent trend…, hence I’ve been shortening up my targets (almost forgot what it felt like)

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When price has acknowledge my context, and plan, yes I add to winners – quick as my finger can click

Other side of that, if I wait too long to add, then the only thing significantly increasing is my risk

Before any one asks – I never add to a loser – instead I exit it… or reverse


RN

 

Redneck,

Please could you talk more about the language of price and how you contextualize current price.

The way you talk about price is very interesting.

Thanks

 

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Question: why go long on chart above?
We will be going against the immediate trend, what is different about this minor formation?