Hello everyone, welcome to my journal.
First of all, I would like to thank many friends and Great Masters of this forum who have shared the concepts that has helped me to establish my own technical analysis of the market and my own management of money (or, specifically, risk) for this business.
My reading of the market or technical analysis (my own fallacy) is based 100% on the Price Action (0% indicators): DYNAMIC OF THE PRICE. Yes, the market follows a dynamic. I have not seen it anywhere, it is the result of my own observation of the market (I guess other people will also see the same), and it is very objective, not discretionary. In summary, it could be said that: The Market Always repeats the Same Structure (or Pattern): Unique, Simple, Easy, Obvious, Necessary and NOT Predictable, through different scales. That's it. Ah, some help, Time Frames (and trendlines) are the best and most powerful tool in our trading platforms. The trades I make are based on this DYNAMIC OF THE PRICE, and a money management or planned risk.
At least, at the moment, this is all like that, because I have a lot to learn yet, and many more hours to work ...
I do not know where this journal will go, nor how it will end, (you see: as the markets), the future and time will tell. I hope this can help me improve myself, and others of "inspiration".
Regards,
fex
PS1: I am not a pro, only newbie.
PS2: For me the market is like life, and since I started to "eliminate" the ego of my life, my trading (and my life) has only improved.
PS3: I am not able to give advice, but I can (with permission) refer you to the TAF thread of the Grand Master fti where I could find the best of all: be flexible and be prepared for everything (this involves a lot of work with our ego).
First of all, I would like to thank many friends and Great Masters of this forum who have shared the concepts that has helped me to establish my own technical analysis of the market and my own management of money (or, specifically, risk) for this business.
My reading of the market or technical analysis (my own fallacy) is based 100% on the Price Action (0% indicators): DYNAMIC OF THE PRICE. Yes, the market follows a dynamic. I have not seen it anywhere, it is the result of my own observation of the market (I guess other people will also see the same), and it is very objective, not discretionary. In summary, it could be said that: The Market Always repeats the Same Structure (or Pattern): Unique, Simple, Easy, Obvious, Necessary and NOT Predictable, through different scales. That's it. Ah, some help, Time Frames (and trendlines) are the best and most powerful tool in our trading platforms. The trades I make are based on this DYNAMIC OF THE PRICE, and a money management or planned risk.
At least, at the moment, this is all like that, because I have a lot to learn yet, and many more hours to work ...
I do not know where this journal will go, nor how it will end, (you see: as the markets), the future and time will tell. I hope this can help me improve myself, and others of "inspiration".
Regards,
fex
PS1: I am not a pro, only newbie.
PS2: For me the market is like life, and since I started to "eliminate" the ego of my life, my trading (and my life) has only improved.
PS3: I am not able to give advice, but I can (with permission) refer you to the TAF thread of the Grand Master fti where I could find the best of all: be flexible and be prepared for everything (this involves a lot of work with our ego).
Newbie trader