my trading delusions

eventually, I grasped some concepts, and now I know where to look for 2P dimension. entering this area makes good profits with low risk, check lower timeframe another breakout entries they will consume eventualy. these marked areas are already expected areas before that move happens. because there are clean orders present we can call it orderflow

USD CHF , one good trade after a series of loses

AUDUSD trade

NZDUSD one big trade

EURJPY

AUDUSD

EURJPY

GBPUSD, closed due to fear of losing profit,very hard to see profit going up and down, stillthe pain is unbearable

profiable trade that turn to be loser painful to see this, almost hearbroken

GU

EURGBP

"Make it a daily ritual to revisit this article, a treasure trove of insights that will guide you in navigating the market. Remember, trading is not just about transactions, it's about understanding the story behind the price. Why is it at this point? Where is it headed? The price itself is your best compass, holding all the clues you need to decode the market's secrets.

Our transactions are not random; they are carefully executed at levels known as supply and demand. We delve into these areas, studying the Price Action (PA) to comprehend the strategies of the market's big players, the 'BIG BOYS'.
When examining our charts, we're detectives on a mission. We trace where the price has journeyed from and predict its next destination. We scrutinize the PA, both past and present, across all time frames, from the broad view of a month down to the minute details.

When you're ready to trade, focus on these key areas:

· Past: Review your level across all time frames up to one minute. Ask yourself critical questions. Where was the decision made? Is there a fresh and clean supply/demand? If not, the area might be compressed. Has the price been ejected or squeezed out of that area? Has the area reacted appropriately? Dig into its past, understand its reactions, and identify if there's a better supply/demand that the price might be eyeing. This will help you spot and understand fake breaks (Fakeout).

· Present: Pay attention to how the price has returned to the area of interest. Identify the nearest FL in your trading timeframe - that's your target. Listen to what the PA is telling you. Has the price tested the last FL on its way back? That's a good sign. Is the price inching closer to our area of interest in a compressed manner? Another good sign. Stay alert for any big news that could impact the market.

· Reaction: In the lower timeframe, observe if the price reacts swiftly to the first DP. Does it quickly engulf the first S/D on its way back? That's a promising sign. If the price is moving away from our area in a compressed manner, it might be eyeing another DP. If the first DP is broken, watch for signs of reaching the next DP and anticipate its reaction.

From now on, keep these points in mind. Reflect on them while reviewing past charts. Apply these insights to all your trades, both failed and successful. Analyze countless instances, capture them in snapshots, and keep them for your reference. This practice will help you internalize the market's rhythm, making you instinctively in tune with its ebbs and flows.
Here's to your success in the market. Good luck!"

PAST

HOW TO FIND INTEREST PLACES ???

• Left shoulders
• R/S
• Pre CP
• Engulf to CP

“LEFT SHOULDERS” We start drawing levels from the highest timeframe.

 

1. H/L FLs that have engulfed a level.
2. The beginning and end of CP.
3. QM levels that were formed at Extremes. After drawing the levels, on the right side of the chart, we identify the last FTR that has engulfed and formed the level.

" (R/S): Minor or Major”

 

1. · Typically, when the price intersects with the Flag limit Levels (FLs), it forms Highs/Lows (H/L), which uses up the last order packages. We are particularly interested in the FLs that are created from the engulfing of these levels.
2. · Furthermore, a new FL can be established from the engulfing of the H/L of the FL itself. This new FL could potentially be significant.

“(CP): Pre-CP or End of CP”

In the realm of Consolidation Points (CPs), there are two crucial areas that carry significant weight:

1. The Beginning of the CP
2. The Maxpain Level (MPL) of the CP

If the Pre-CP (PCP) is engulfed, the next target we set our sights on is the End of the CP. A stop placed in the middle of the CP can only be deemed important if it has engulfed a significant Resistance/Support (R/S).

Approach

Here are some factors that can assist in making entry decisions:

1. Compression
2. Formation of BSZ
3. The 'Three Drive', which is a type of CP.

Entry

Three areas can be considered for determining the entry point:

1. The FL that is formed from the engulfing of the S/R of the main FL.
2. The MPL of the FL.
3. The FL that is located between these two areas:

(a) It could be a minor FL that is formed from the engulfing of our monthly level.
(b) It could be an FL that has one of the important conditions on a smaller scale.

"MPL”

To find the MPL, we need to examine the FL in lower time frames:
o Left hand side: We need to find the H/L where the trick has happened and hit the traders' stop.
o Right hand side:

1. Then we continue the level to the right and find the desired kink.
2. We apply this action again on the new kink and determine the more precise kink.
3. We continue the kink to the right of the chart and check its flatness."

“REACTION PA”

Two scenarios may occur:

1. The price moves after exiting the FL, performs the engulf, and returns to the stop.
2. The price reaches the target after exiting and then returns: In this case, we should wait for the PA, which may occur in lower time frames."

"PA”

The price moves when it encounters the S/R of our FL, performs an engulf, and then returns to the stop. In this case, we can expect the price reaction to:

1. QM level
2. Diamond
3. FO to MPL BSZ

NZDUSD +67

1. Adaptability Rules:
   1. Continuously review and adapt your trading system based on current market conditions.
   2. Identify and understand the difference between trending and ranging markets.
   3. Have a mechanism in your system that signals when to stay out of the market.

2. Discipline Rules:
   1. Define your own personal meaning of discipline in the context of trading.
   2. Do not let emotions dictate your trading decisions.
   3. Constantly self-reflect and seek to understand any breaches in discipline.
   4. Have clear objectives for each trade, mainly focused on entry and exit points.

3. Entry and Exit Rules:
   1. Do not rely solely on randomness or intuition for making trade decisions.
   2. Identify clear criteria for entering and exiting trades.
   3. Understand the broader market context before making decisions based on specific signals.

4. Trend Rules:
   1. Prioritize trades that align with the dominant trend.
   2. Be cautious when considering counter-trend trades; they might offer lower returns and higher risks.

Forex Trading Plan

1. Objective:

To achieve consistent profitability in the Forex market by adhering to a set of defined rules and strategies, while accounting for risks and the unpredictable nature of markets.

2. Key Principles:

1. Discipline: Always adhere to the trading plan. Avoid making impulsive decisions based on emotions or external influences.
2. Flexibility: While it's essential to stick to the plan, be flexible enough to adapt to unexpected changes in the market.
3. Risk Management: Never risk more than a predefined percentage of the trading capital on a single trade. This ensures longevity in the market.

3. Trading Strategy:

1. Reactivity Over Prediction: React to market signals rather than trying to predict them. Understand the market's movements and use this knowledge to make strategic decisions.
2. Granular Analysis: Break down market data into smaller increments for better analysis and more informed decision-making.
3. Flag Limits and Engulfing Patterns: Use these as foundational tools in your trading strategy. Recognize their significance and trade based on their signals.
4. Account for the Unexpected: Always have a plan for unexpected market events. This includes having stop-loss orders in place and being prepared to adjust the trading strategy based on significant news events or market changes.
5. Continuous Learning: Understanding the market requires continuous education. Keep up with market news, updates, and always strive to improve your trading skills.
6. Financial Expectations: Set realistic financial expectations and understand that achieving substantial returns requires risk. Ensure that the risk is always calculated and never impulsive.

4. Understanding Systems and Strategy Limitations:

1. The Joker Analogy: Recognize and avoid the market's temptations. Be wary of the "Joker" that preys on specific types of traders, especially the undisciplined ones.
2. Imperfections of Systems: Understand that no system or strategy is perfect. Avoid the trap of constantly tweaking your system to chase every market move.
3. Six-Dimensional Charting: Be aware of the complex environment in which trading strategies operate. Respect the market's balance and avoid trying to outsmart it consistently.

5. Emphasizing Reactivity and Avoiding Prediction:

1. Avoid Market Prediction: Focus on recognizing market signals and trends rather than attempting to predict future market movements.
2. Technical and Fundamental Analysis: While TA and FA can provide insights, they aren't always accurate predictors of future market movements. Use them as tools but not as definitive indicators.
3. Black Swan Events: Be prepared for unexpected market events that can dramatically impact prices and trends. Always have a contingency plan in place.

6. Strategic Market Entry and Depth of Analysis:

1. Coin Tossing System: Understand that market entry is more than just a random decision. Recognize the importance of strategic market entry based on understanding and analysis.
2. Depth Over Superficial Predictions: Delve deeper into understanding market dynamics and movements. Rely on in-depth analysis rather than making predictions without substantial backing.

7. Emotional Aspects and Handling Drawdowns:

1. Emotional Stability: Acknowledge the emotional challenges in trading, especially during drawdowns. Consider strategies like taking quick profits to mitigate psychological stress.
2. Continuous Learning and Self-Reflection: Embrace the learning journey, self-teach strategies, reason, and invest time in charting and analysis. Understand the emotional intricacies of trading and develop mechanisms to handle them.

8. Review and Refine:

At the end of each trading week, review all trades and evaluate performance. Identify what went well and areas of improvement. Refine the trading strategy based on this feedback.

9. Analogies to Improve Strategy:

1. Driving and Trading: Draw parallels between driving and trading to develop a more intuitive approach to market movements.
2. Educate and Avoid Naivety: Be wary of the misconceptions and myths surrounding trading. Seek out reputable sources of information and be critical of what you learn.

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