MightyOne wrote:All of the advanced technical analysis that I have accumulated over the past 14 years could not compare to the simple truth that TRO spoke when he said
that trading is simply drawing and trading a horizontal line.
You might say 'yeah, that is obvious' but I say that it is most definitely not obvious.
We may draw a line but we then turn our attn to the 400 things that have nothing to do with the line; the truth is right there in front of us but our attn turns elsewhere, we trade in the simple for the complex.
"Price is the same over all time frames"
If price is the same then I want my stops to be in good locations across all chart periods & if my stops are in good locations across all time frames then it doesn't matter from where I am short because I will have the potential movement of all time frames.
Simple truths leading to simple truths is how I grew leaps and bounds since 2008.
TRO may shrug his shoulders and say that he 'only' contributed a horizontal line...
...it was not just a horizontal line, it was a paradigm shift that made zeros (1000%) possible; a 5 fold increase of my potential.
Trading is easy if you look at all the easy things
hard if you look at all the hard things.
MO's post is priceless, HT position has power
Staying Power and Profit Power
ZL and OPM work for me!