Back to the Future – My Freewheeling Journal

If I begin to combine the "Infinite Puzzle"... something happens.

What if I place a trade in each of these points?
What will be "with me" and what will be "against me"?

This is what I read every morning at the start of my new day in front of my screens.

Jesse Livermore: - "We know that prices move up and down. They always have and they always will.
My theory is that behind these major movements is an Irresistible Force. That is all one needs to know...
Just recognize that the movement is there and take advantage of it by steering your speculative ship along with the tide."

This is another Trader that I simply adore.
Bill Williams.
Hey... I'm not sponsorising that guy.
But his work is perfect.
With solid roots in the Forefather's work.

Substantially Bill is a breakout trader in the Livermore style.
Long, long, long story.
Do you know Richard Dennis?

20 years old videos?
Who cares... they are simply fantastic. Always if you want to listen.

Wheels Within Wheels - Rory Gallagher

"If you keep on walkin',
You'll walk right outta sight.
And if you keep your eyes closed,
You will not see the light.

Just give me a chance,
To put it right."

"After every battle forget about the glory as well as its pain. The next battle will be totally different." - fti

What is “Trend Following?”

Is one thing, or is it many?
Certainly it has – at least today – many manifestations. But these are the particulars.
The true questions are:
What are the universals?
What is trend following’s basic nature?

William Dunnigan (written in 1954)

"Let us believe
that it is possible to profit through economic changes
by following today’s trend,
as it is revealed statistically day-byday, week-by-week, or month-by-month.
In doing this
we should entertain no preconceived notions as to whether business is going to boom or bust,
or whether the Dow-Jones Industrial Average is going to 500 or 50.
We will merely chart our course and steer our ship in the direction of the prevailing wind.
When the economic weather changes, we will change our course with it
and will not try to forecast the future time or place at which the wind will change."


Richard Donchian (written in 1959)

"Every good trend-following method
should automatically limit the loss on any position, long or short, without limiting the gain.
(In fact) Whenever a trend, once established, reverses quickly,
there is always a point, not far above or below the extreme reached prior to the reversal,
at which evidence of a trend in the opposite direction is given.
At that point any position held in the direction of the original trend should be reversed
– or at least closed out – at a limited loss.
Profits are not limited
because whenever a trend, once established, continues in a sustained fashion
without giving any evidence of trend reversal,
the trend-following principle requires that a market position be maintained
as long as the trend continues."


I like very much these two sentences.
Dunnigan and Donchian surely gave us something to understand and internalize.
We remain under the influence of these pioneers of trend following,
whether we know it or not.

Have a nice day.
Trade safely and always in control.
Don't fight the tape.

Waiting for to reading more from you.

Hi Jupiter, I always loved to read your posts IN FTI, now started your own, now I've got more opportunity to learn from you.
I subscribe.

Read, write, contribute. It's simply a huge pleasure.
But, please.
Don't use the verb learn with me and about me. I beg you. LOL ROFL
We could just study something together.
And I really have nothing to teach or demonstrate.
I'm searching for a real discussion.

Another day of "Preplanned Sequences" is coming.
If... Then...

And if, on the contrary, it's this other.... then this other one!

And practise, practise, practise.
Walk, trot, gallop.

One of my teachers.
One of my preferred riders.

Watch how he controls position and good posture using the mirrors.
There is one of my message on trading in this one.

Learn. And... DANCE THE DANCE.

Good European morning,

On my learning path with DAX, yesterday I started cautiously Live but the smallest possible. Put only 2 scouts short on PA M1/ M5: first in the morning down to about Day low, then did not aptly adapt to bullish mode and was patiently waiting to trigger the second one on a swift resistance from Day high in the evening. Collected just 35 pips total. But it was pretty nice to feel her pulse and commence to get familiar with DAX.

What I see on charts: it's still in that 5 days range (consolidation) and I don't have a clue how it's going to move today: range, break-out 13000 and farther North or spike just above and reverse (SL hunts), or the notorious correction down South (with break-out). Looking at 5M and H1, engaging on 1M and 5M.
I'm sorry for my subjective opinions above.

Have a nice trading day, everyone!

Best regards, Exnav

This is my trading window.
If I see price bouncing down from a price I'll sell it after the volume increases to the downwards. Volume should increase at prices below the current bid. Also, total bids should increase and the no of offers in this case should ideally be double the volume in the bids side.
SL is set to 1 point i.e if order price is 56 then sl should be 57 or above or below the day's high/low

If the price moves up previous day by a good amount then I'll buy the next day.

"studying the consequences on the candle formation"
I do not completely understand this part of the post. Does it mean that analysis of bids/offers to study future price movement?
Thank you for you liking my perspective.
"Naturally, I don't know anything yet about aim and results"
I do not understand this. Aim is that a trade is available at every point in the price. Results are not good enough for me.
I think I can scalp better but I want to trade swings.

You got everything from my post and perfectly.
That's right.
Don't worry.

I was not predicting.
I was just reading the price behaviour.
That is what I call "A telephone call from the Market Makers..."

Now watch and measure the Bears reaction.
Good trading day to everyone.

Can I ask a question based on a chart?

I am here.
If I'll be able to answer. LOL
Go.

What are the two candles in blue rectangle doing there in a bear rally?