Why Is The Obvious Not So Obvious?

Howdy Note;

If the worm has no meaning to you at this point – set is aside (meaningless is worthless) (or use em for fishing)

I’ll answer your questions if you like – but my answers will be worthless as well – to you

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My suggestion;

Step back and think through the actual mechanics of trading that occurs in the mkt (meaning not your trading - but the trading going on in the mkt)

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If you've read this thread – then you've read where NRB lead to WRB.., and vise versa

Combine that, with this;

That see saw – you see – what is actually occurring… and what comes after a see saw

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And please don’t play 40 questions with me – my goal is to get you – thinking for you

But I will answer thought out questions – at least as best as I can

Btw – no one will ever KNOWS who will/ is going to win… that is why we use stops - with every trade - period


RN

 

Yup.. I clueless.., ignorant.., and a dumbass - every day


btw;

Would you like me to share your message w/ TO... and NY



RN

 

Then set aside your opinions/ prejudices - and simply observe the mkt do what it does


Then think about the actions necessary (from the different participants) to make the mkt do the above

RN

 

Sir,
First of all thanks to you to make an effort to teach me.
This thread is very interesting, i have been reading this thread and i am really happy today to at least i am able to post here, and
kind of converse with people of your caliber, to whom i was just reading till this time.

this happiness is not because of i am seeing aspect to make some money but because there are so many thought full people in the world. who know something more,and also willing to help.

I will think tonight and about what you suggested.

thanks
J

 

no one doubts it,apparently.

feel free.you could share it with TO,BO,KO,UN or even with the bitchko sisters.

 

Hi RN,
As per your suggestions i thought about Nrb and WRB a bit, and seems like i am getting idea what you are talking about, and how does market works. it is something like a picture of bees which nyse posted and asked that do you see a nose here.
meanwhile i also came upon some question being asked in this forum about what should be the low risk entry and was given a chart
and this was the entries provided by user pushpull.
Here is the chart with his entries.
so this was the low risk entry posted by
http://www.elitetrader.com/vb/attachment.php?s=&postid=3335668

I have attached the chart where "I" think that entries should be.

I can see the difference between his approach and my approach, but i am not sure if i am correct or not. the problem i see with his way is how will he know the direction, i mean which way he is going to trade. he for sure will get big move in either direction as but if i go with my approach i know for sure that what the direction MAY BE.

 

aaaaaaaaaaaaaaaa-h-h-h-h-h-h-hh-h-h-h!!!!!!!!!!!

 

Morning Note, (assuming you’re located in the western hemisphere)


So I see two quasi questions;

I’m not sure if I am correct or not (on my entries)


But if I go with my approach – I know for sure that what the direction MAY BE

……………..

If I have these wrong, let me know please


Btw, notice any irony in this sentence;

I know, for sure, what may be

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As for entries;

Between the two charts you posted – which has the lowest risk entries – and why

(Our first job is risk management)



As for direction;

First.., we never know – allow me to repeat this – we never know…. So the best we can do is go with the probabilities

What tools could you utilize to identify the *near-term* probable direction (easy to go crazy with this one – don’t, simple is always best… also..., easy to use conflicting tools..., again – keep it simple)


• *Near-term* means – near-term within your chosen trading TF (a little heat is okay, a lot / or excessive heat is never acceptable)

• A lot/ excessive is defined in two ways – excessive to the amount we are trying to make… and, excessive to the net balance in our trading account (meaning net out the leverage)


Risk on each trade needs to be equal to sometimes…, less than the vast majority of times – our targeted reward – AND/ BUT – risk must never be greater than (otherwise mathematically we are doomed to failure)

Risk on each trade also needs to be a very small % of our net account – as we may need to take some number of losses before reaping the reward (this does improve with experience, unless we’re having a bad day)

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Aside - a few facts;

We must all find our own way to trade… along with the tools we use (no two traders will ever be exactly alike – AND, everything works, at times – and everything does not work, at times)

We need a business plan.., a trading plan, and a methodology

No matter how we decide to trade…, or what tools we use – never lose sight of the fact – price is driven by people… by their emotions…, by simple buying and selling… It is never driven by a chart, line(s) or indicator(s)…. Our job is to detach and take advantage of this, while protecting our ass always (personally I think it is best to understand how the mkt actually works – but that is best left for a whole other conservation)

Learning how to trade – easy as pie…

Mastering the ability to execute…, as a trader…, and as required – is where many can’t…, and ultimately fail

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Please focus on addressing my two questions – once we get them answered to your satisfaction we’ll move on in whatever direction you like

RN

 

To my mind The OBVIOUS is THE OBVIOUS and THE NOT SO OBVIOUS is THE NOT SO OBVOIOUS hence THE OBVIOUS can not be THE NOT SO OBVIOUS and the other way around.
So how about we call it quits on this one here and vote it THE BEST THREAD EVER!
I already gave it maximum number of stars. There is another thread under way called:
THE SURE THING IS NOT SO SURE. All participants are kindly requested to give it a boost while slowly abandoning this one. Thank you and amen.

 

Vinc

Though I think highly of this thread - to label it the best would be wrong

For each thread, we will get out of it - exactly what we put into it... same as trading

Some think this thread worthless - and I'll be the first to defend their right to do so

imho - there is no best thread... like there is no best way to trade

To each our own Sir

RN