Disliked{quote} Hello Cookie, I have visited your "Journey" and would like to share my thoughts on your last post there on yesterday's trading. That would not be of a critical sense but if it were my dance, as I made it. Then, it recalls two interrelated thingies: a human being ability and adequate response in Focus. Am I able to be concentrated and focused, observant and nimble enough while engaging simultaneously in more than one or two currency pairs? Yesterday I made quite easy pips dancing with USD/JPY and honed counterattacks with GBP/USD. At this...Ignored
Mistakes are all part of the learning process, so as I commit mistakes, it's the markets showing me where I could improve more, and I will gladly accept it and improve my trading.
As for dancing the 3legged animal, it's because i can achieve more strategic advantage, than just dancing 1 pair, which is why I am very interested in the 3 legged animal.
"A general who has not fully mastered the art of extemporaneous responses may know the terrain like the back of his hand, but will not be able to exploit this to his full advantage."
The general who can impose his will in his opponent is the one who can gain a decisively advantage against his opponent, hence, the 3 legged animal, allows me such advantage, except that alot more skill and focus is needed.
It is the above quote which makes me very interested in the 3 legged animal, because of the way the 3 legged animal is quoted in relation to each other, the implication is that I can adjust to favourable terrain after the fact, which increases my adaptability any kind of market terrain as it unfolds, many folds, i can not just manage trades in different kinds of terrain, I can even choose the terrain I want to engage in, and setup traps to my advantage after being hit by market, that is alot of advantage which I want to incorporate into my mo.
The idea was learnt from the above AOW quote, which is why I think even if I were to have been considered to have diverged from the mo in this thread, I would still pursue this direction, as this is what my conclusion in studying the AOW led to.
Essentially I will want to have a lot of tricks in my bag to handle various situations the markets throw at me.
When you embark on your journey in Forex, you will inadvertantly have to ask yourself, what exactly are you looking for?
What I am looking for may not simply be profitability, but ability to appropriately handle and trade out of any kind of situation by sheer strategic thinking and ability to trade, so in a way I guess I'm not there yet, I have not reached my ideal way yet. Because everyday I seek to be better than yesterday.
No pain no gain my friend, it's the same as learning a rigid mo at the start, then encountering taf, essentially, isn't it a distraction to the original rigid mo? But what you get out of moving away from the rigid mo is definitely worth it.
Your very best is limited by yourself. The main core principles I do not diverge from are adaptability, and strategic thinking and money management and market structure.
But in any case, I have created the journal so as not to bring my own experiments into the taf thread, so if you are interested in carrying on, we can carry on in the journal.