Thanks fti for clarifying and encouraging, this really helps.
We would all really like you to read that book zoran gave to you.
many thanks
We would all really like you to read that book zoran gave to you.
many thanks
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DislikedHello,
Do you estimate (because your experience) the Vega and the Sigma with
the 12 sma in the 5 min chart?
Regards,
TextorIgnored
Dislikedhi all, i want to ask some question here,
how to dance with the market and not predicting?
I understood one of the technique used to dance were compound bar charts formations.
But isnt bar charts/candlestick formations are predictive as well? like when we see 3 black crows or a reversal bar and then we put in the attack/rescue troops, we are actually anticipating that a reversal/continuation will happen. But since a reversal bar doesnt always reverse the price, doesn't it mean we are (predicting/hoping) for it to reverse when we buy? Afterall trading is about probabilities right?
please help explain to me, thanksIgnored
DislikedHi woopypooky,
What zenseven replied to you is very valid. That should be your basic frame of mind.
As i do believe non of us have the crystal ball nor the time travel machine, it is impossible to predict the outcome of any positions. Best we can do is to manage it. To rescue if when in trouble, to attack when victory is easy and to throe in the towel if necessary, if position becomes "dead".
SoIgnored
DislikedI like this very much...
"Best we can do is to manage it. To rescue if when in trouble, to attack when victory is easy and to throe in the towel if necessary, if position becomes "dead"."
So we are Position managers...oops!...
I wonder about the Mozart girl...It was really amazing!
Is the lesson, "pro traderd have clear and open mind...they are like that girl just listening once and playing that tune?"
Done for the day...Now I guess we might want to see the dollar getting weaker again...Ah...Maybe.....We will see...I do not know...Ignored
DislikedOic, i think i understand the answers to my question.thanks.Having the correct mindset is critical to trading success. Now i know there are 2 types of trading; trading with position managing and trading with predictions.Ignored
Dislikedfti, why do you believe that you have to give something up? It really is just a short book and no-one is asking you to stop smoking while reading it. Why are you so reluctant? You can continue on with your life as you please when it is finished. Do you really believe this book will make you stop after what, 30 or 40 years of heavy smoking?
You know that you will never stop for health reasons. As far as I can tell, we almost lost you about a month ago and even you admit your "very very heavy smoking will probably switch off your lights". But you continue to do it. In fact, the cigarette companies love those TV ads that show the health risks and people dying. They know it helps sales.
So can you tell me the real reason for not reading it? You come across as a wise man with balls of steal, like one of those Kung fu masters sharing their wisdom with their students and beating up the bad guys when provoked. I remember watching some of those shows as a child but I don't remember any lighting one up after sharing their wisdom.
Anyway, I will leave you alone if you can tell me the real reason for not wanting to read the book (or if you read the book). Are you able to do that?
RegardsIgnored
DislikedI have been to Fu Zhou twice, 1992, and 2000. It is a nice city, lot of Indonesian Chinese live there. Fu Zhou dialect is also different from Min Nan dialect(so called Taiwan language). Very difficult to learn. Wonder if you ever been to Fu Zhou. Fujian is one of the richest provice in China. The richest province is Taiwan, of course. And then, maybe Shanghai, Guangdong, Fujian, Jiangsu, and Shandong.
Thank you for your great teachings. But,
I have a problem I wish you could help me. My biggest problem is no ability to hold. You see, today I shorted E/U around 5737, but majority closed around @5690, now it is 5650; shorted G/U around 9810, but majority closed @9788, now it is 9730.
Of course, I am still holding some short postions now which is in fact set up one week ago.
Any good idea to improve my ability to hold? Of course, my size is sort of heavy, that is one of reasons I couldn't expose my positions too long in the market.
Thanks, regards.
DavidIgnored
DislikedNot so simple I think, for the journey you have taken me on has been incredible. Still dance with two left feet, but the lessons on mindset I believe have made me a better person.
I thank you.Ignored
DislikedHello,
May be someone can give me an opinion:
(Obviously during those 15 bars
one could not see what came later...)
I hope my question is clear.
Thanks in advance.
Regrads,
TextorIgnored
DislikedTextor,
.......
NOTE: Your attempt at the circle you marked suggests to me ,that you are trading "band breakouts", dangerous and late.Ignored
DislikedTextor,
the explanation.
1 = the first indication of key reversal.
A = the first impulse after the reversal, you may or may not have caught this bus. Most dancing , would have at least got a foothold there.
2 = the first pause , stall if you like, of the impulse.
chance to prepare and execute attack, or to bail out if you were caught on wrong foot.
then the 2nd impulse came after a shallow stall. Indicates possiblly downward press may be strong.
B = 2nd stall, notice shape of your "15 bars" shaped rounded pointing down, therefore , more weakness expected.
if stall was in shape of "C"(saucer shaped) then rounding would suggest bottoming distribution.
However since distribution was in shape of "B" likely to be down.
Note that ypu have rode 2 waves down. So if this was wave 3, then would be hairy. So scaling down skew woukld be prudent, as the nest test could be very violent either way.
So 3 came , how from here?
Send army home, and use scouts.
regards
It is easy from hindsight, mindset gotta be firm,when trading.
However I did trade this waves so gebnerally this were my MO then.
NOTE: Your attempt at the circle you marked suggests to me ,that you are trading "band breakouts", dangerous and late.Ignored
DislikedTextor,
the explanation.
1 = the first indication of key reversal.
A = the first impulse after the reversal, you may or may not have caught this bus. Most dancing , would have at least got a foothold there.
2 = the first pause , stall if you like, of the impulse.
chance to prepare and execute attack, or to bail out if you were caught on wrong foot.
then the 2nd impulse came after a shallow stall. Indicates possiblly downward press may be strong.
B = 2nd stall, notice shape of your "15 bars" shaped rounded pointing down, therefore , more weakness expected.
if stall was in shape of "C"(saucer shaped) then rounding would suggest bottoming distribution.
However since distribution was in shape of "B" likely to be down.
Note that ypu have rode 2 waves down. So if this was wave 3, then would be hairy. So scaling down skew woukld be prudent, as the nest test could be very violent either way.
So 3 came , how from here?
Send army home, and use scouts.
regards
It is easy from hindsight, mindset gotta be firm,when trading.
However I did trade this waves so gebnerally this were my MO then.
NOTE: Your attempt at the circle you marked suggests to me ,that you are trading "band breakouts", dangerous and late.Ignored