Back to the Future – My Freewheeling Journal

Sorry for the grass... can't be of help.
I'm in the other side of the planet. LOL

About the analysis... it's just the "Original Poster Syndrome".
Tendency to control everything... ( of course the comment was not for you, my dear mentor, but for the readers!)
You have to bear some intemperance of mine for a while.
I feel the responsibility.

Bulls on new high. LOL

Price tested exactly the ema9 H1 before to bounce. Absolutely natural.

I have never understood this one: “Let market teach you“.
Yes. Nice & Easy!
Please. Come on. Are you kidding me? Are you joking, aren't you?
Then try these few challenges for me!

Buy a guitar and let it teach you how to play...
Buy an airplane and let it teach you how to fly...
Buy a horse and let it teach you how to ride...

Let me see!

"The market does behave very much like a tutor who is trying to instil poor trading techniques.
Most people learn this lesson only too well.“
‘Since most small to moderate profits tend to vanish,
the market teaches you to cash them in before they get away.
Since the market spends more time in consolidations than in trends,
it teaches you to buy dips and sell rallies.
Since the market trades through the same prices again and again
and seems, if only you wait long enough, to return to prices it has visited before,
it teaches you to hold on to bad trades.
The market likes to lull you into false security of high success rate techniques,
which often lose disastrously in the long run.
The general idea is that what works most of the time is nearly the opposite of what works in the long run.’

(Legendary) William Eckhardt, The New Market Wizards

Attached image: The Minimalistic Explanation

Facts and no more opinions.
Build your own personal mental road map.

This is my List of Points of Reference and it is not impartial. (This is why for someone it could seem incomplete)
And this is why “Back” to the Future.
Modern Trading has its prestigious forefathers. They leaved a great heritage for us to learn and honour.
Could you write, on each line, one sentence that summarizes the lesson of these great thinkers?
No?
Mine is simply an invitation to the readers to study what I call the “History of Charting and Trading Approach”.

Watts
Nelson
Hamilton
Dow
Rhea
Livermore
Gann
Wyckoff
Elliott
Gartley
Schabacker
Keltner
Taylor
Donchian
Darvas
Richard Dennis and the Turtles
Seykota
Tudor Jones
W. Wilder
Crabel
Nison
Bulkowsy
Schwartz
Bill Williams
Raghee Horner
Linda Raschke
Pring

Gylmore
Pruden
Joe Ross
Schwager

Edward & Magee
J. Murphy
Kaufman

Heraclitus
Buddha
The Bible
Schopenhauer

B.C. = Before Computers!
When they traded with a piece of paper and a pencil!

Start here.
Don't get fooled by the stupid title they used for this series of video.
Watch all seven of them.
Write your notes down.
Watch again and then... buy the books!
Study, and study, study again.
Don't waste your time on insignificant garbage. Read the right things.

Linda Bradford Raschke. Back to the Future.
Oh... I really love this woman. So clever. So nice. So elegant. So “involved”.
And she, like me, loves music, (dressage) horses and charts.

She had a long path through the markets. His intellectual journey is a real lesson (it's what I mean by formation.)
And she always gives all... with seriousness and enthusiasm.
I told you... and I told you again. I love her.
Thanks Linda.
Place of honour in my personal Gallery of My Teachers.

Dance the Market Dance.

Harmony.
Moving harmoniously inside and in between a complex and fluid movement.
Preplanned sequences. (Study and Practising)
Extemporaneous Response. (The ability to manage the unexpected)
The love for horses, music... and charts. LOL

(I stayed for too many years with fti so I absorbed his way of posting. LOL
I point... and you must to do your homework, your research.)

Mother Market is like a bucking bronco... Is it possible to tame the beast?
Is there a way to enjoy the ride, dancing together?

Oh yes. As fti teaches in his thread:
#3374 - “The unintelligent trader”: she says tango, I tango... she say slow dance, I slow dance... I do the work, she pays for the OBEDIENCE!
#39829 - Ability to dance is basics. Do you dance? If I tango, would you be jiving?
The skills is not in the maths, that is a pre-requisite. The skill is in the adjust-ability.

Hello Jupiter,

I'm grateful for your generosity to start this thread. Also very impressed by your trader's development story, how persistent and diligent you have been on this challenging path. I'm looking forward to enjoing reading your own book.

As Dongsky pointed regarding GBP/USD, I've also been bullish, however probably not sufficiently skillful to resist the market bearish punches and surrendered my (Thursday average at 1.3152) positions on Friday at 1.3047. Now, riding the only Long scout from 1.3118. Need some time to stabilize mindset, as well by following this thread if you don't mind.

All the best in your Freewheeling!

Best regards, Exnav

I have no need to express all my admiration, respect and gratitude to dongsky.
I did in the past and I do each second.

Dongsky is a real “Top Dog”. (Yes I want to embarrass him LOL)
He is competent.
Strategical and strategist.
Is a warrior, a pure experienced fighter.
Trained on the ground of thousands of battles.

He has got big shoulders.
Fine mindset.
And... (dangerous affirmation) big pockets!

He could do things that I cannot do! And so I don't do. Perfectly conscious of that.
Eddy is “a class apart”, totally.
Having him here is a pleasure and a guide.

(At the moment) I'm boxing in another different “Weight Class”. LOL
I won't tell you where I stopped my Longs on Friday. LOL
But I have my rigid rules on flexibility.
I didn't reversed to short and no Rescue for me.
I squared and went to recoup on my DAX. That immediately repaid me.

No hedge. No weird animals with-I-don't-know-how-many-legs. No zoo, for me.
Post #1... rule n°1.
I let them Bears pass and today is another day.
This is me, of course.

That happens so many years ago.
Surely dongsky is smiling at this.
And he, for sure, will help us to comprehend things better in days to come.

This is one of his charts. The one that enlighted my path long time ago.
Enjoy.
And thanks Eddy.

I'll remain with the ex-Beatles, for now.

Did Sir Paul lose a lot of money trading forex...??? ROFL

Big boys bickering,
that’s what they’re doin’ ev’ryday.
big boys bickering,
f-ckin’ it up for ev’ryone,
ev’ryone.

guess while they’re betting on the track,
they’re tryin’ to win your money back.
all of the taxes that you paid,
went to fund the masquerade.
Big boys bickering,
that’s what they’re doin’ all the day.

Big boys bickering,
f-ckin’ it up in ev’ry way,
ev’ry way.

We stand here waiting
underneath the tower block.
who will win and who will lose?
which way do the big boys choose?
which of us will never know what goes on?

GU
Only scouts in... of course and again: this is me.
m1 as usual.
What I saw and traded? AB-CD. And din't play the correction.

Scouts are down there playing cards and chatting.
They are waiting for the new mission.

https://www.forexfactory.com/showthr...77#post8537177

He's back :-)

How to build a proper, personal "Mental Road Map" - 1

a) The BIG Picture.
Of course, simplified! Basic!
You could find a recap with a second fundamental image ... here.
Begin your own research.

Attached Image:Wyckoff Basic 01 - Market Cycle - Phases

How to build a proper, personal "Mental Road Map" - 2

b) - The MICRO Picture.
The core... the key... the logic behind all this conundrum.
What does "Fractal" means?
What does "Repetition of the Same Patterns" means? (Search for the two different n°3 in this drawing)
Move inside move. Trend inside Trend. Wheels within Wheels.
Who is Mandelbrot?

It's all about Support and Resistance.
Different Clouds of Orders around (above/below/on) a KEY LEVEL.

How to build a proper, personal "Mental Road Map" - 3

Dow Theory -1

Surely one could find better representations than that in these images.
But I'm proposing to you the "idea", one "concept" and a journey of personal investigation.
You have to find your answers to these phenomena.
I point.
You have to discover the way to see this by yourself, with your eyes, on your charts.

M. Pring - Peaks and Troughs are in post #4.

How to build a proper, personal "Mental Road Map" - 4

Dow Theory - 2
Super, super basic...
In reality the dynamic between the Hi and Lo is much, much more complex.
We are talking about the analysis of the relative, comparative Force (conceptual, not the indicator LOL)
The nuances, shades, variations and variances are vast but identificable... as we will see.

How to build a proper, personal "Mental Road Map" - 5

Dow Theory - 3

Think in Waves. Waves of Buyers and Waves of Sellers.
Change your perspective.
How to rip, how to tear up the "Veil of Maya": reality is behind what we see.
Often we see only what we what to see.
Focus on the reaction.
1 - 2 - 3... (with the accent, the beat, the rhythm on 2!)

How to build a proper, personal "Mental Road Map" - 6

So.
As the opening of my Journal, I have already presented a complete Trading Course. LOL
You have some years of studies in front of you.

This one is the Strategy that every diligent student of the “History and Evolution of Trading Approach” MUST know.
Put it in your bag, in your arsenal, in your box-tools.
Get the essence.
Get the message.
Try to see behind the words, beyond the moving averages... start here and go further.
Understand the truth (by yourself, don't ask me.)
Bulls, Bears, who is in position, the sideliners watching, who is taking decisions and where.
Who is on the Right Side... and Who NOT!
Disciplined (and smart) Traders against Trapped (dumb or unlucky) Traders...
Imagine this: each tick, each candle, each wave divides the world in two: who wins and who loses.
And what they will do? What will be their opposite emotions, decisions and behaviours?
With which consequences on Price?

(Consolidations and Ranging now are not enemies anymore...
Now you know that they are "The Engine")

Dax m1
Banking some and ready...

Scouts always in.

Always stay in the "dance" feeling its moods and tempo... The markets are alive.
Every new bar added will cause new developments. Follow the developments
Carefully, she is “perfidia” dancer...
She will outwit you and show you the meaning of “VARIANCE”.
To me Perfidia always meant flirtatious...

If you scalp, the market maker will always beat you at it … as he takes a total of 4 pips minimum from you on every attempt.
If you wanted to scalp, it behoves you to stay with day trend. Contrarian trading on sweeps is sure way to the poor house.

Dear. Dear fti