The Essence of Trading

nice post.

But what doe this say to the idiots that say time has no place in the markets?

hey GEFX thanks for the wishes, yeah its a nice Saturday Had a lot of fun, thanks, well i see people dropping tit bits of knowledge but are very, cryptic at times.

i did not mean to go off topic but i wanted to actually put things clearly on how to implement.

if you want me to say what i think is the essence of trading to keeping with the original post:

the market is where buyers and sellers meet together for financial interests. where liquidity, supply and demand meet. in the forex structure of things the dollar is the baseline for international monetary valuations.

central banks
interbanks
tier 1 2 and 3 banks play a big role in the market providing liquidity, implementing monetary policies (CB) and expanding or contracting our elastic free floating monetary system.

corporations, institution,play a big role as well as investors.
EVERY TRANSACTION is a FOREX transaction from exchanging:
cash for equities, to swaps, to options, futures, to payments for goods and services. even international commerce, a tourist changing dollars for yen, a laborer sending dollars for pesos to his family in mexico.

you cashing out you money from your savings account in turns, alters the balance sheet of the bank which in turn needs to adjust his assest/liabilities.

you see all our monetary system is recorded in a historical database, creating foot prints in our charts, and our jobs as traders is to profit from this PAST information as NEW ORDERS CHANGE THE CURRENT PICTURE.

I'll show you what i mean as i see you are visual, as you see we are in a ranging market. the market never changes either is bullish, bearish, ranging.
THAT IS IT. you see we look at historical data to attempt to profit from UNKNOWN incoming data, managing the trade from the "smaller Time Frames" positioning yourself for the "daily time frames" is what makes the money, you cannot predict from BIG TO SMALL, you have to manage a trade from SMALL TO BIG. at the end of the day, what happened in the TICK will reflect the DAY

the essence of trading is to find out, when not to trade.

Does this mean that although the market is driven at one level by the aggregate money in vs money out, the composition of trades making up this volume on both sides of the equation is also important. Ideas?

Never proclaim your truth/belief/(in)experience with profound ignorance. (your spelling displays additional ignorance too )
Please be careful with what u post, as what u post is open to newbies, critics & much experienced people.

Tools are tools
No two person can use the same tool proficiently &/or in exactly the same way.
No person can &/or will be able to try & utilize all the tools available.... & utilize them proficiently (or exactly similar degrees of proficiency). so dont profess something like YOU just did.