'S7 was there, before all the eyes' I see 7 and Y of the eye maybe, but to see the sons of 7 a better example is possibly needed. And where is e? Is this along the right track?
the moment you stop looking and reading other methods and start looking; working on your own method is the moment you start noticing things. What are you focusing on ?
I have a trading method which I have no wish to change or discuss details of. Nevertheless I'm interested in the perpectives of other traders and how they view the trading process. Regarding this thread and the others mentioned I haven't come across anyone at all who seems to have followed the clues to a conclusion that has been stated. So I posted what I see as some possible interpretations behind what was previously posted by the OP et. al. in this and similar threads, for personal interest only, hoping for a response by anyone else who is also intrigued. No more, no less.
I've read this thread on and off for about a year now. I revisit the PDFs too. Every time I read it, I mistakenly believe I've made some deep philosophical connection into the minds of NYSEStocks, TO, etc. I stare at the charts and try to think about what it all means. Almost inevitably I seem to find some strategy for picking tops and bottoms and think to myself "aha!--I've figured it out!." But the more I figure it out, the more I realize I know absolutely nothing. Trading really is gambling--I can't predict the future. I don't know anything about anything. All I know is what I see but what I see has already happened--not what will happen. So if I can't predict the future, what do I do to minimize my losses and maximize my return on time? Using a weekly chart of all history for a given stock, I thought perhaps it makes sense to buy when a stock is trading at an all time low. After all--BLASH 90% of the time right? But a lot of stocks that trade at all time lows seem to just chop sideways after they get into that kind of territory... a "broken spring" if you will. So even if I decide to bet $100 at the risk of letting the stock go to zero, I might not get an answer to my trade in a reasonable amount of time simply because the stock doesn't move. NYSEStocks said any idiot can look at charts and tell what has happened... but it takes a clever idiot to look at a chart and say what will happen and when. Time and money are the same. I haven't figured that part out. I've read in this forum not to assume anything at risk of making an ass out of myself... so now I find myself questioning even "buy low sell high" because sometimes prices just want to go up (e.g. S&P tripling from 95-00) from all-time high after high. Before entering any trade, one thought crosses my mind. "Entry is everything." I'm still searching for what makes an entry "low risk and high probability." I've looked in the mirror and I trust myself. But if I am to gamble, I need an edge. Brain overload. I'll stay out of the market until things start to make sense before risking my hard earned money.
I hate this trend why? it's so true to me... most of the time the truth of a trade is right in front of you The old saying...the trend is your friend! is so obvious but I can't seem to follow it..I see a stock I like heading lower I buy in thinking it's the bottom yet it keeps heading lower why can't I just follow the tread? I'm always buying at the wrong times..I need to learn to let it flow my ego keeps killing me I Need to let the obvious be obvious and let it flow ... this is a great subject ..I'm sure it will hit a 1000 pages many here have the same problem I think..
This thread is shit. Pure grandstanding and vanity for the OP's. Try to see the market only as trend up or trend down. Enter on pullbacks. That's it. As far as BLSH-SHBL, it works. But the hit rate is far less than trend following. The "big secret" eluded too with endless mystery and intrigue is buying new highs and selling new lows (again, not perfect. But a net winner over the long haul)... There's a good journal of it here. This thread is gigantic waste of time. Regards. http://www.elitetrader.com/vb/showthread.php?s=&threadid=226737&perpage=6&pagenumber=1
Only to the extent that I know that I know nothing, and need to stay in control. Apart from the few hints that Nysestocks et. el. have given I have no idea what methods he/they trade with. Anyone else care to elaborate on what the 'eye' is?