ok..so you now get it..next..what are you going to do about it ! we can all talk till the cows come home..but..you can never make any money thinking about trading.. which is obvious !! now the hard bit..what are you going to do about the "plan"..as if you think that you will make money trading index futures using stupid things like fibs..cci..bollinger bands..and the plethora of crap available..then think again !!! time to get off the big fat ass and not become an "ass laden with books"
It all seems so easy trading in demo mode, 2 days results here and 25% gain, no big losses but it is demo and hence easy to take risk. This is a very skitish trading style not staying in too long and occasionally adding to a position if it begins to lose but still looks promising. On this day the price dropped to approx 50% of the high low range on the 5min chart and then chopped about in a range.
paper trading is really for beginners..who don't know how to set up charts and enter orders..once that is accomy then the only way to learn anything about taking a few dollars off others is to practice with small risk..which is why the MES is now the best thing since sliced cheese for anyone with half a brain main thing to remember..though..is to ignore all the hype and type about algo traders..hft..volume analysis..and everything else that distracts your attention from what you really need to concentrate on..which..of course..should be "obvious" to any person who has tried 100 pennies will always make a pound !
Maybe...what should be obvious is quite literally doing the opposite of what is taught by most "pros" as it is all random at the end of the day?
agree to the first part of your statement, but there little randomness in how price move, there would not be a single chance to make money consistently otherwise.
Well I'll be damned... somehow I found myself back in this thread. Been following almost from the beginning, read all the other tff threads... eventually stopped following it. While trading today... I thought I had a sense of what the obvious was. So much so that I opened the pdf of this thread I created... accidentally clicked a link, and found myself here reading the last few months of posts. I had no idea there would still be live posts. I tried to get away...
I would say, given the second quote... that thinner lines , reflects less light that you see(that's why the color yellow was chosen). So the point is to notice when price moves fastest.
by the way, I think that it is just the opposite that should be noted in the yellow chart: the areas of consolidation where the color is brighter are way more interesting...