Why Is The Obvious Not So Obvious?

Discussion in 'Risk Management' started by nysestocks, Jan 25, 2009.

  1. Nemesis

    Nemesis

    J_Smith you seem to side stepping the obvious point that achilles28 is probing you about, so I will ask it. Taking for example this chart that you posted, does that chart by itself without referring to any other information contain what you understand to be 'the obvious'?

    Screen Shot 10-01-15 at 06.48 PM.PNG
     
    #4181     Oct 3, 2015
  2. When you look at a chart and it's obvious it's going up or obvious it's going down...

    ...that's when it's obvious.
     
    #4182     Oct 3, 2015
  3. So, is it possible to begin to understand what the obvious pre-requisite is, but not quite understand when its happening?
     
    #4183     Oct 3, 2015
  4. J_Smith

    J_Smith

    If you ask someone what they think about what it is they asked, then they will have to question what they asked, and in questioning what they asked they will see that what they asked might not be what they thought they asked :)

    If you tell someone what they want to hear, they will believe it to be true!

    Does that 5 sec chart by itself contain information that is in line with the Op's first post - does it show you a pre-requisite for trading that instrument?

    You ask me what I think, but, I ask you what you "see", if anything!

    J_S
     
    #4184     Oct 3, 2015
  5. J_Smith

    J_Smith

    I remember some years ago, on one of the many "forum" sites at the time (most are now replaced with twitter and facebook, for the worse I will add !), there was this one idiot who kept posting about his FX trading and what he knew.

    One day, while everyone was watching the debate between this idiot and the rest, a poster who was well known to trade FX effectively stepped in with a very simple statement!

    "If the chart starts in the bottom left corner of your screen, and finishes in the top right, the price is going up" - I laughed so much when I read that and still laugh about it today :)

    Everyone was trying to get some "information" from this idiot, who obviously didn't even trade, and in steps a real trader with the most simple statement in the world, which is of course very "obvious" :)

    J_S
     
    #4185     Oct 3, 2015
  6. I'm sure we've all heard ''when it's going up, get long. When it's going down, get short''
     
    #4186     Oct 3, 2015
  7. J_Smith

    J_Smith

    This was the last question by A28, to which I have replied by showing numerous charts of the SPX and asking a very simple question as follows:

    In the simplest terms, what defines a trend and where are they obvious?

    Has anyone answered the question that was asked yet!

    J_S
     
    #4187     Oct 3, 2015
  8. Why Is The Obvious Not So Obvious?"

    It amazes me in this thread/and similar threads on ET...how people have been in this 'game' for some time...and a lightbulb/common sense hasn't gone off in their heads yet. :confused:
     
    #4188     Oct 3, 2015
  9. Nemesis

    Nemesis

    I see a signature at times and then something else at other times, which is obvious to me, but perhaps not to others and perhaps it is not what you refer to. But you are evading the question as to the specific obvious relating to the OPs first post. You profess to know what that obvious is, so again I ask you does the chart contain what you regard as that specific obvious.

    How about answering with a simple: yes, no , I don't know, or I won't say.
     
    #4189     Oct 3, 2015
    dartmus likes this.
  10. you mean you're bored of the poems?! :)
     
    #4190     Oct 3, 2015