Aesop's Fables Translated by George Fyler Townsend The Eagle and the Arrow AN EAGLE sat on a lofty rock, watching the movements of a Hare whom he sought to make his prey. An archer, who saw the Eagle from a place of concealment, took an accurate aim and wounded him mortally. The Eagle gave one look at the arrow that had entered his heart and saw in that single glance that its feathers had been furnished by himself. "It is a double grief to me," he exclaimed, "that I should perish by an arrow feathered from my own wings."
The obvious is basically this - Decent profitable moves (at least 10% in stocks) tend to unfold from price structures that minimise maximum participation.
Another one perhaps - Design a strategy where the emphasis is on taking losses, not profits. By expecting losses you can overcome a big mental issue, being wrong/losing money. Then you can trade without fear. Of course, the losses should be kept really small, repeat REALLY small. As for profits, hold out for big profits. Look at a load of charts, see the one's that are moving, look at the moves, they'll be plenty of big ones both up and down. Don't strive to be perfect, get trading, look to position at potential price edges, expect losses on the majority of trades. Some however will work big time (they have to, even if you toss a coin for direction at potential price edges..........)
Most people will regard at least one thing in trading as obvious to themselves and presume that it is possibly the answer to the title of this thread. To be clear, the original post contained a question which has a simple answer and it has been openly stated within this thread. It is a rather long thread but the answer is there if you wish to seek it out. What may cause confusion for some is that after the thread was started the OP began to mention another 'obvious' which is supposedly known only to a select few and which can not be divulged. The problem with such a statement is that without evidence or a process which would allow the 'obvious' to be determined, should it actually exist, then belief in the 'obvious' is simply a matter of faith and a test of gullibility. Once that is realised then you can move on.
told you, 1000 pages easily.. hope there will be one for 2014 .. best thread ever about nothing this kind never ends..
Well, what is means is that markets do their best to mess the majority around, so find those areas on a chart and trade them. A simplified signal would be to buy into an uptrend when there's evidence that many longs are being stopped out and breakout shorts entering. The resulting move to the upside should be a good one as shorts are forced to cover as well as new buying from the longs that recently got stopped out. This is main point I believe that has been alluded to several times in this post. However, recognising it and then making money from it are two different matters. (I could be wrong though!)
I don't see anything in most charts. Only ones that look like this seem obvious to me (as of 6-mar-13). http://www.barchart.com/chart.php?s...ddindicator=&submitted=1&fpage=&txtDate=#jump
Okay,fellas.Let me share some C.O.N.T.R.O.L part, nyse was propagating,with you. http://en.wikipedia.org/wiki/Control_chart You must be in C.ON.T.R.O.L,remember? Control charts, also known as Shewhart charts or process-behavior charts, in statistical process control are tools used to determine if a manufacturing or business process is in a state of statistical control. First testing looks promising,as does 3 sigma limits. Don`t thank me,i`m in a good mood today! Only for the ET crowd,exclusively!