i actually posted another chart that mistakenly went to a trader by PM instead of to this thread..anyone care to guess what it was..2 posters can refrain
let's see if i left out a major line..what are the odds of the last low on above chart being a level to watch..any guessers before i upload chart ?
Well - that was the point I'm trying to make, so I don't see how your post is a reply to mine other than rephrasing what I initially said. That much seemed obvious - yet Vindago said it was a clear low risk short. Low Risk Buy. Low Risk Sell. I don't follow a great deal of other instruments than the ES, so I wouldn't know. Some argue that NQ is better, though. And if I remember correctly, the OP, whether that was in fact you or someone else, did say something to the effect of how ES wasn't the best choice of trading instrument. LRS.
there were 2 x LRB..the first one was good for around 20 pts..and..no reason why a RS could not have followed..as it is easy to RTL.. second LRB was good for about 10 pts..then we had another RS that was going into the close..which can be erratic in the last min +1.. then..we went to the lowest point on the last chart posted..but i didn't bother to place the next level down on the chart..which COULD be another LRB..which of course..it turned out to be nothing magical or mystical here.. just plain old ES doing what it always does..as it is very hard for monkeys to change their habits
Slowly reading through the start of the thread now. Let's see how far I'll get. But I'm getting a sense of what the obvious is and what it's not. I'll probably stay out for a while now until I get up to speed.
i think there is no need to read the whole thread..or even a good part of it..why.. it's obvious let's look at the actual title of the thread.. the first part is Why is ! the second part is Not so ! Why is common sense Not so common ? do you get the drift..do you see why reading up on Montaigne is important to the understanding? do you see why the stock markets have to go up? do you see why fools risk their money on bitcoin..and my electric bills are free do you see how the masses were controlled by the shift from the Good of One to the Good of One and the Evil of the other (duality - it has been called the biggest calamity ever inflicted on mankind, and i tend to agree).. it is hard to imagine that it is no more than 70 years ago..which is nothing..that the Roman Empire as it exists today..not only controlled the masses by the Fear of God..but also held the power over the governments that were supposed to be acting for the people !!! WW2..although it cost the lives of many innocent people..brought about such an explosive change in the developed countries..that the Roman Empire quickly lost its "grip" on the masses.. today..the new idiots to worry about are the likes of Spacebook and Twitser..as not only will we have "so many asses laden with books" coming along..but..we will have "so many dumb asses laden with phablets" https://www.google.com/amp/s/gbwwbl...d-error-by-our-own-capacity-of-cannibals/amp/ A student will better grasp a lesson when he applies it himself in an actual situation rather than in theory.
Let me ask you a question. Do you think the secret of success is being able to perfect the technique of buying swing lows and selling swing highs? What if someone told you that this was like trying to perfect the technique of riding a bike backwards? That's what nysestocks' posts are telling me. Instead of trying to perfect mainstream trading techniques (riding the bike backwards), think outside the box and find the other way (riding forwards). A few IFs and BUTs. https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/page-66#post-2390698
The whole thread would be a tad too much, but I'm finding the posts by nysestocks interesting, so I'm sure I'll continue for a while longer. Thanks for these questions. Allow me to get back to you later on. Of course. I have first hand experience here.