Why Is The Obvious Not So Obvious?

Contract Unit
$50 x S&P 500 Index

Minimum Price Fluctuation
Outright: 0.25 index points = $12.50

Why on earth do I see levels in this chart that can't be traded - ending with .11, .17 and .14 - it just makes no sense to me

 

Up and down : a larger timeframe will tell you what to do

GO

 

S.P.O.T.B. Select Possible Obvious ??, maybe Then ?

GO

 

if you mean the uneven numbers just ignore them..it is a common problem with MT5 charting for futures..it is the area on the chart that is important.. not the actual price level!

 

S...SIMPLE

P...Probable

O...Obvious

T _ _ _ B _ _ _ _

 

GO,
Of all the distractions... how important is THIS concept?

 

Change to a different time frame where you get A or B. If you can't get A or B then either sit on the sidelines, or try a different stock, or instrument, where you can get A or B.

https://www.elitetrader.com/et/threads/why-is-the-obvious-not-so-obvious.151802/page-17#post-2344221

Of course, if you only ever trade when it's A or B then it will always be BHASH or SLABL, which I guess is kind of obvious.

 

TIME

 

Even if we don't know exactly what the obvious is, maybe just doing BHASH/SLABL trades might be a step in the right direction?

Psychologically it can't be easy though; buying when price has already gone up, or shorting when price has already gone down.

Do many traders do this?

 

It is something you should never forget about.

GO