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Back to the Future – My Freewheeling Journal

  • #341
  • Oct 14, 2017 8:42am Oct 14, 2017 8:42am
If you look with curiosity at what dongsky and I do here with our "TAF approach to the price", better get the MM and MO coordination right.
I pray. Don't do such things without the proper understanding.
The figures can snowball and avalanche on you in seconds, if wrongly applied.
That is a very dark place to visit. Be aware.

Pyramiding, add to a winner and how manage the positions in attack have a long history.
You must study and practice it. And is not so simple.
It's a sort of double edge sword.
  • #342
  • Oct 14, 2017 9:14am Oct 14, 2017 9:14am
Quoting maverick2017
{quote} I've been trying to rectify a mistake I have been making over and over again. Mistake being expecting more from the market when i'm in profit but position coming back and hitting my stop loss...
This is all this thread is about: "How to play safely inside the fluctuations".
You must determine you specific rules on Swing Point and PB analysis.
Start from #314 and discuss the matter with your internal coach.

What do you want to see...
When and where...

If... Then
If not... This other one

Don't assume. Scale in and scale out. Dance the Dance. Respond.
But first of all you must understand why and how.
  • #343
  • Oct 14, 2017 9:17am Oct 14, 2017 9:17am
fti - "You can train yourself to be like the best. Or you can train yourself to die like the rest. It's your choice."
Attached Image (click to enlarge)
Click to Enlarge Name: #54754 TAF - fti Two Wolves.jpg Size: 109 KB
  • #344
  • Edited 10:06am Oct 14, 2017 9:42am | Edited 10:06am
The attachment is about DAX and comes from another thread.

What can I say after all these pages and live trades and blotters?
Thank you for your money. Keep going like this.
Not all can be winners in the market.

(Always with the due respect... no "macho trader", no "primadonna" here.)
Attached Image (click to enlarge)
Click to Enlarge Name: Tell me.JPG Size: 17 KB
  • #345
  • Oct 14, 2017 9:55am Oct 14, 2017 9:55am
Trivia: This song was released on Japan's Columbia Music label on January 11 1989.
Misora Hibari, the original singer, died in June of the same year.
Eight years after its release, it was voted number one in an NHK poll of the best Japanese songs of all time !

Original Title: 川の流れのように (like the flow of the river)

Lyrics (English Translation)
I came walking on this long, narrow path
without knowing it
When I turn around,
my distant hometown is visible
The uneven path twists & turns
and doesn't even have a map
So is the road of life

Ah, like the flow of the river
the era passes by leniently indulgent
Ah, like the flow of the river
the sky is just endlessly dyed at twilight

Living and taking a journey,
an endless path
Take The person I love to my side
while searching for a dream
Even if I'm rained on & the path is muddy,
someday the sunny day will come again

Ah, like the flow of the river
I want to calmly go with the flow
Ah, like the flow of the river
The changing seasons

Ah, like the flow of the river
I want to calmly go with the flow
Ah, like the flow of the river
Forever while listening to the blue blabblings

Inserted Video
  • #346
  • Oct 14, 2017 10:10am Oct 14, 2017 10:10am
The 4H range trader looks as a biased to his opinion fundamentally based. Perhaps the Range was in the Catalonia expectation. My individual question to myself would be: why not PA went, e.g., 13120 and then sharply down toward some 12850... Or, as with Brexit vote: everyone did see PA. One may wait for Catalonia and suddenly something fundamental else goes out from the Box...

Jupiter, regarding both your charts H1 and Daily posted on previous page. Daily (as weekly and monthly) is still Long. That H4 Range and the last D1 candle might be indicating a possibility for correction/ decline. The same with respect to seemingly hesitating sign of that H1 triangle. One should see a new high for further uptrend continuation (and the Trend is still UP), or trendline broken down and new daily close lower the previous one.

I'm not that competent as the 4H Range shorting trader, therefore, will start Monday so the PA shows where to flow.

Have a nice week-end, everyone!

Best regards, Exnav
Not to Advance is to Fall Back
  • #347
  • Oct 14, 2017 10:20am Oct 14, 2017 10:20am
Quoting Jupiter
{quote} This is all this thread is about: "How to play safely inside the fluctuations". You must determine you specific rules on Swing Point and PB analysis. Start from #314 and discuss the matter with your internal coach. What do you want to see... When and where... If... Then If not... This other one Don't assume. Scale in and scale out. Dance the Dance. Respond. But first of all you must understand why and how.
I read the pages/posts mentioned. If I can summarise then you are trying to explain the dangers of market, the wild animal market is and it will not act according to a person's opinions and is mostly ruthless in taking out people not dancing the dance. Your main emphasis is letting a trader know that trading is not as complicated as it seems but is also tough to master at the same time. There are a lot of good lessons in not participating in something we don't understand.

My biggest concern regarding my trading is being correct about the direction of a market move but not the extent of the move. This is making me a losing trader.
"What do you want to see... When and where... If... Then If not... This other one "
How can I find the answer to these? How can I ask these questions and get answer?
A trade should be based on an assumption based on facts
  • #348
  • Oct 14, 2017 10:58am Oct 14, 2017 10:58am
Quoting maverick2017
{quote} " How can I find the answer to these? How can I ask these questions and get answer?
Nice... I liked very much.
Thank you.

Start with Bill Williams. This is why I gave you those videos.
Did you watch them?
Try to understand what is a "Fractal".
All is there.
Five finger boogie.
  • #349
  • Edited 11:22am Oct 14, 2017 11:02am | Edited 11:22am
Five finger Boogie.
Means five fingers per hand...

Bill Williams - Trading Chaos: A New Map for Traders ...
Time code 35:45 (just to show you how in deep I know them videos.)
"... when I was in undergraduate school I made part of my tuition, good part of my tuition playing in a Dixieland band...”


Inserted Video
  • #350
  • Oct 14, 2017 11:07am Oct 14, 2017 11:07am
Quoting Jupiter
Think. Thinking. Discussing with my Coach. In deep meditation. Again: Trading in a nutshell. {image}
break out, retest and take position?
A trade should be based on an assumption based on facts
  • #351
  • Edited 11:43am Oct 14, 2017 11:29am | Edited 11:43am
Quoting maverick2017
{quote} break out, retest and take position?


Bulb Lamp?
A-ah moment?
I'm glad. (But unfortunately I cannot read "inside you" to see what you really get.)

Now go to your archive of charts and ask Mother Market.
Search that pattern.
Verify, on charts, whether it works or not (when and how)
Watch Bill William again. Listen to the boogie again
Fix your rules. Where could be the best entry? When to exit?
You'll get there.

But you must see with your eyes! Must learn to see by yourself.
My answer is useless.

Attached Image
  • #352
  • Edited 12:03pm Oct 14, 2017 11:49am | Edited 12:03pm
Fractal (in this significance) is synonim with: turning point, swing point, pivotal point, peak or valley, V-Formation, Reversal... Hip and Lop. Etcetera.
  • #353
  • Oct 14, 2017 12:01pm Oct 14, 2017 12:01pm
Quoting maverick2017
{quote} being correct about the direction of a market move but not the extent of the move.
This is interesting.
"Extension of the move."
But could signifiy many things.
One wave. With is Impulse force,
One cycle. 5+3 waves (plus extensions or truncation)
One campaign. (This 1000p of advance on DAX)

Too much for an answer or a tip.
But nothing change in reality.
You must discover and understand what a "Fractal" is. And what Support and Resistance. In their proper meaning and use.
  • #354
  • Oct 14, 2017 12:20pm Oct 14, 2017 12:20pm
Quoting Jupiter
{quote} Bulb Lamp? A-ah moment? I'm glad. (But unfortunately I cannot read "inside you" to see what you really get.) Now go to your archive of charts and ask Mother Market. Search that pattern. Verify, on charts, whether it works or not (when and how) Watch Bill William again. Listen to the boogie again Fix your rules. Where could be the best entry? When to exit? You'll get there. But you must see with your eyes! Must learn to see by yourself. My answer is useless. {image}
My A-ah moment will be when I learn to read best 5 bids/offers quotes.
I shall search for patterns in sometime. Another idea is test this strategy in live markets.

But how to search for area A on charts.

I do not understand chart provided by you.

I watched the T-Line video and he is repeating the same things over and over again.

Best entry would be the least difference between bid and offer price or stop loss equals spread.

This 5 finger boogie will take a lot of practice and confidence.

How do I find where could be the best entry?
A trade should be based on an assumption based on facts
  • #355
  • Oct 14, 2017 12:23pm Oct 14, 2017 12:23pm
At first I thought of the actor Bill Williams which showed on google searched. Thanks for clarifying.
A trade should be based on an assumption based on facts
  • #356
  • Oct 14, 2017 12:27pm Oct 14, 2017 12:27pm
Quoting Jupiter
{quote} This is interesting. "Extension of the move." But could signifiy many things. One wave. With is Impulse force, One cycle. 5+3 waves (plus extensions or truncation) One campaign. (This 1000p of advance on DAX) Too much for an answer or a tip. But nothing change in reality. You must discover and understand what a "Fractal" is. And what Support and Resistance. In their proper meaning and use.
I do not understand how this is supposed to help me.
If I have understood correctly then one impulse wave is i'm trying to capture. Only solution is pre-determined Take profit points.

"In their proper meaning and use"
^^ I'm missing these, I guess.

ps - I trade live without charts.
A trade should be based on an assumption based on facts
  • #357
  • Oct 14, 2017 10:57pm Oct 14, 2017 10:57pm
Thanks Piquant, for your "like".
I needed your Moral Support. LOL
You arrived at the right time.
Just on time.

  • #358
  • Oct 14, 2017 11:10pm Oct 14, 2017 11:10pm
No pain no gain?
Attached Image
  • #359
  • Edited 11:34pm Oct 14, 2017 11:13pm | Edited 11:34pm
Quoting Jupiter
Unknown and simply immense. Roy Buchanan. Preplanned sequences and improvisations. You can improvise only if you know what are you doing. It's pure technique. And everything flows. Alone. There are videos in which you can see the destroyed neck of his Telecaster guitar. How many hours of sweat on that wood? How many hours of sweat on your desk? https://www.youtube.com/watch?v=54IicvI8wG4
How true it is , especially in trading.

Even if you were a setup trader (you only focused on 1 or 2 patterns,) you will be faced with variations, meaning the next pattern you may come across will not be exactly same as the pattern you traded. After a few losses and wins you finally realize you were trading a different pattern than the one you were supposed to, pattern trading is tricky.

You never know if you are trading the same pattern or the variations of it, or a completely different pattern. Your ability to differentiate one pattern from another, a variation from the original pattern sucks. We may have spotted certain patterns do tend to repeat itself over and over again, but what we fail to realize is that even still we still don't know what we're doing, (failing to differentiate). So you feel stuck, you see no improvement. Things just don't flow. I don't know how many more years , months or weeks I'll have to endure this painful journey, but I know with certainty if I keep going (provided that I fix my mistakes and face my inner demons) I will one day, know exactly what I'm doing, it will all just click. But alas, if I knew how rough the journey was going to be I wouldn't have jumped all in.

+ trading is all about improvisation, you will run into all kinds of scenarios and patterns, but if you know what you're doing you should be able to dance along with the market just fine. this is why I think it can't be taught to someone with if a goes above b and crosses c you hit buy or sell kind of system/method. The market isn't as simple as 1,2,3 - it's a complex system and it constantly changes. But like Jupiter mentioned in few of his posts you have to have rules, it's a must otherwise its like you're trying sail the ocean without proper equipments and skill - you will die in an instant. Same goes for trading, your account will be diminished in a matter of minutes, hours, days or months.
...
  • #360
  • Oct 14, 2017 11:25pm Oct 14, 2017 11:25pm
Quoting Piquant
{quote} How true it is , especially in trading. Even if you were a setup trader (you only focused on 1 or 2 patterns,) you will be faced with variations, meaning the next pattern you may come across will not be exactly same as the pattern you traded. After a few losses and wins you finally realize you were trading a different pattern than the one you were supposed to, pattern trading is tricky. You never know if you are trading the same pattern or the variations of it, or a completely different pattern. Your ability to differentiate one pattern...
+ I keep running into dead ends. I face a problem , string of losses , I analyze what went wrong, what I did - I come up with a resolution, backtest the method everything looks good, system is initiated. I take few trades on a live, all is well. Then I jump up and down dreaming about what I could do with the new found, hard earned freedom, just then .....everything crumbles back down again. And there I am, I start everything all over again. How many more beats can I take ? I don't know. Did I ever want to quit ? Of course, I thought about quitting every time I ran into dead ends. But some know I manage to get back up again. Why did I put myself into this position ? lmao, in all seriousness it's a journey of suffering. Maybe this is what it takes to be a champion, if that's the case maybe I should ask myself am I built to be a champion ??
...
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