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Jupiter May 20, 2020 11:12pm | Post# 5941

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DAX Ger30 H1 update.
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Jupiter May 21, 2020 12:22am | Post# 5942

I propose a personal and individual path of study and sufference. A path of knowledge and culture.
I have another idea about Trading (and about Trading Education and Training!)
I formed myself out of sentences like that:
“I’m an empiricist, through and through. David Hume and Bertrand Russell. I’m solidly in the English tradition.”
This is Richard Dennis, the Father of the Turtles.
So, who is right? The ignorants or me?
How a serious Forum about trading should be?
Can you see the implication and consequences of a quote like that?
No? You are not imagitive and creative enough to see the reality of thing!

Again. What a pity.

Jupiter May 21, 2020 12:32am | Post# 5943

Learn to follow the market’s price action and read the signals it gives.

I'm a Technical Trader.
I'm a Dow Trader: I'm only interested in the Ebb and Flow of the market. All the rest to me is irrelevant!

“Trading Technique is simply the ability, through study, observation, and experience,
to recognize the signals in each of the several phases of market movement.” – George Douglas Taylor

> The signals. The signals of what?
Before me four problems:
When to Entry.
When to Exit.
How to filter “bad” Trades.
How to maximize my results when I'm right.

> To recognize. Yes, I don't predict... I ascertain, I prove, I detect, I take note of facts!
It's the difference between the present and the future: I live in an eternal present. In the NOW! Now and here!

> Phases. Yes. The Wyckoff's Market Phases... Nothing is random in the Market.

And again I have marked the difference between me and ALL the others....
Now: how many concepts have I listed in these simple chain of sentences?
How many Authors did I refer to?
Which are the consequences of a mindset like that on my everyday trading?

Ultimately, traders should feel a great sense of freedom and fulfilment when they can rely on simple charts
to formulate a game plan or a conceptual roadmap in their heads –
and the movement on the tape tell them their game plan is correct.

Jupiter May 21, 2020 12:48am | Post# 5944

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Which are the consequences of a mindset like that on my everyday trading?
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Jupiter May 21, 2020 1:02am | Post# 5945

Let's see what my overnight position has to tell me.
11.165 now.
Careful and nimble!

Jupiter May 21, 2020 1:05am | Post# 5946

She says "Tango!"... and I Tango.
I obey and she pays for my job!
fti is a genius!

But one must be imaginative and creative enough to get the message right.

Jupiter May 21, 2020 1:08am | Post# 5947

On the trendline now! We'll see. Just follow her. Dance. (And Stop in place!)

Piquant May 21, 2020 1:09am | Post# 5948

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How a serious Forum about trading should be?

I probably should redraw the last ascending TL and get rid of the mid line as I'm typing HL is confirmed bulls are in.
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Jupiter May 21, 2020 1:12am | Post# 5949

Yes we have to read it as inverted H&S!

Jupiter May 21, 2020 1:13am | Post# 5950

We know nothing. Empiricist "Tabula Rasa". Let's see whether the Bulls pass or not.

Piquant May 21, 2020 1:16am | Post# 5951

Yes we have to read it as H&S!

inverted H&S! yep.

But could it also be H&S 673 being the shoulder (maybe) ?

Jupiter May 21, 2020 1:17am | Post# 5952

This is a typical situation in which how you spread your troops on the battlefield is fundamental.
Here is pure "General & Commander" techniques.
What you deploy, what you remove, how much... are you satisfied with your positions? Yes/no...
You can learn only with years of practice and all depends from your character and personal attitude! (and capital!)

Piquant May 21, 2020 1:19am | Post# 5953

yeah, this is tough but much better than gambling.

Jupiter May 21, 2020 1:23am | Post# 5954

This is trading the price. WE leave gambling to the others!

Jupiter May 21, 2020 1:24am | Post# 5955

Bears are pressing. OODA. Fix your levels. Control your stop. Constant adjusting.

Piquant May 21, 2020 1:28am | Post# 5956

yeah, this is tough
625 retest test
there's HH
will 600 hold ?

Jupiter May 21, 2020 1:28am | Post# 5957

Super freeze. Watch out. And decide immediately.
This is trading to me.
I won't fight. In case... I'll jump out with my profit.


Jupiter May 21, 2020 1:33am | Post# 5958

Nikkei is in the Resistance.

Jupiter May 21, 2020 1:35am | Post# 5959

As I said yesterday.... the beauty of the effort is amazing! Market is a live beast!
Bears sell the Rallies! Hard!

Jupiter May 21, 2020 1:38am | Post# 5960

Point for the Bears. Nice attempt. We'll see next.
But... note that the Entry of the Bears was a really strong one.

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