The Bucking Bronco

I'm not saying (I have never said) that there is only one way to be profitable in speculation.
(It's clear the difference? I'm a speculator, not an investor. How big are your pockets?)
What I'm trying to say – particularly addressing the unprepared TAF readers - is that:
it is an error in trader's mindset to try to be profitable on the wrong side!
Devastating mistake in all the essence.
Trading is extremely difficult... and imagine that 10 years ago I went around saying...
“Ah! It is so simple. Draw a line and go with trend!"
We, little retailers, we could win only by making no mistakes.
Don't think you can remedy at all mistake. No way!
You are wasting your time.

fti #4515 - Mounting rescues against impulse is a sin. It makes a mockery of what I have taught, in totality.

Meditate on this:
the true nature of all the Classical Trading and Analysis,
the most "efficient" way of Trading is "Pyramiding in direction of the Trend."

I had an interesting private conversation about "Reading a foreign language".
Come on, Guys and Girls, did you notice that fti used the term "impulse" and not "trend"?
Of course he was laughing.

I have already discussed all that matter of Attack and Rescue (that is a serious thing, not a joke!) in my previous posts.
It's up to you as single the mission to understand the difference between Rescue, Averaging and Rogue Trading.
I had my discussion and my examination directly with fti, I made up my mind even stronger.
And I refuse to discuss of skew. I prefer to discuss of Terrain & Tactics.
Closed Chapter.

And now what about our EU H1 chart?
How is EU reacting at its/her/his, as you like, Area of Resistance?
Where are we in the Waves?

Larry Williams again: (Hey... I'm not sponsoring anyone... LOL I'm simply quoting. )

"The art of speculation requires one part of observation tossed together with one rather large dose of preservation.
My Most Important Market Belief (is the following.)...:
Based on my research and experience, I have developed a powerful and profitable belief system:
I believe the current trade I am in will be a loser ... a big loser at that."

Did you have a look at the above table?
Did you get the percentage? It is annual profit!

Did you realize that Larry Williams that year made 11.376%?
Comments? Anyone?

I am not a big fan of LW. I trade by price action only! But I like to read and study.
And some of the things he wrote are really interesting.
There are shadows over him...
A competion is a competition... and not running an hedge fund or trading your personal account!
But I can't ignore the reality of that number! 11.376.

I have read again some terrible posts on other threads!
Talking about trading, what could it really mean KISS?
I like to write that sentence with a comma: "Keep It Simple, ... STUPID!"

Learn to read the Tape.
Price is the King!

fti...
#813 - The direction of the trade is “non negotiable”: it has to be right !!!
#1590 - You must NEVER be caught on the wrong side of a term trend. NEVER.

Jupiter...
Start on the right foot.
Start with the right and correct mindset.
Don't take bad habits... and slowly but surely you will understand ALL the rest of the picture.
Including safe Rescue.

In the attachment, a great classic: Paul Tudor Jones.
Comments on that picture? Anyone? Come on...

So... EURUSD H1. Our chart. Our Eurodollar and its Resistance.
OK.
What I did during these days was not "predicting" or "expressing opinion".
It was simply the representation of a fact!
And now?
A diligent student knows perfectly what possibly to expect. (Possibly!)

DAX H1. Have a nice day on the Markets.
Trade safely.
Trade always in control.
And study.

Grabbing some before Frankie... trading the chart I posted with some good music.

Early bird...

Yesterday morning. Milan. Italy.
51 young students on a bus seized and then burned.
All alive. Saved by the police.
It is not easy to think about what would have been if things had gone wrong.

It is a degeneration of the quality of the world as we knew it.
A reality that, being human as we are, happy to have embraced our child still alive, we are ready to deny.
For another day, another handful of hours.
For the illusion of eternal hope.

I'm really worried. And I have to write it.
All we need is love.

Trailing my stop. DAX m5. In the end, I'm a trader. That's my life, today.

Hit +11 and re-entered... heavy loaded.
Scaling out 565...
Wash, rinse and repeat.
Train your mind and your eyes, in the right, correct way!

Enjoy your day and your life.

Banking... Scouts in
Ready to jump out.
Let your profit run.

Scaling out to the minimum at 551. Banking.

Dancing the Dance.
Market has a deep logic.

Squared. But ready to react again.

Trading live, with some witnesses.
First Mission accomplished.
In total: 19 positions opened and closed... 119 DAX points (of different value, of course... because single size varies.)