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Back to the Future – My Freewheeling Journal

  • #381
  • Oct 15, 2017 7:29am Oct 15, 2017 7:29am
On January 31st,1901 Charles H. Dow compared the stock market to the tides of the ocean when he wrote in the Wall Street Journal

"A person watching the tide coming in and who wishes to know the exact spot which marks the high tide,
sets a stick in the sand at the points reached by the incoming waves
until the stick reaches a position where the waves do not come up to it,
and finally recede enough to show that the tide has turned.
This method holds good in watching and determining the flood tide of the stock market."
  • #382
  • Oct 15, 2017 7:34am Oct 15, 2017 7:34am
9 minutes of motivation.
9 minutes of learning by laughing.
Dedicated to all the "wanna-be-a-trader" that prefer instead a job like opinionist or commentator.
STOP IT!

I'm preparing and training your Internal Personal Coach, as well.
But I have not any responsibility about you two, OK?
Enjoy.

Inserted Video
  • #383
  • Oct 15, 2017 7:48am Oct 15, 2017 7:48am
I've read hikkake pattern twice and I have to admit that I do not get it. Also, I find the languages of the articles too complicated. I do not get the breakout from the price.
A trade should be based on an assumption based on facts
  • #384
  • Oct 15, 2017 8:08am Oct 15, 2017 8:08am
Quoting maverick2017
I've read hikkake pattern twice and I have to admit that I do not get it. Also, I find the languages of the articles too complicated. I do not get the breakout from the price.
Quoting maverick2017

I watched the T-Line video and he is repeating the same things over and over again.
I do not understand chart provided by you.
This 5 finger boogie will take a lot of practice and confidence.
How do I find where could be the best entry?
At first I thought of the actor Bill Williams which showed on google searched.
I do not understand how this is supposed to help me.
Only solution is pre-determined Take profit points.
ps - I trade live without charts.
I've read hikkake pattern twice and I have to admit that I do not get it.

You don't like my Journal? Simply... stop reading me. Stop it!
  • #385
  • Oct 15, 2017 8:13am Oct 15, 2017 8:13am
Maybe my reasoning could sound as incomprehensible and useless stuff for the beginners.
Only with respect and desire to be of some help...
please take note of these addresses where you could find serious and competent education:

DailyFX.

FXStreet

Hey. It is just a simple and quick suggestion.
Surely there are many and many other fonts of knowledge on the Internet. (Babypips, for example)
Only: beware of scum and false prophets.
  • #386
  • Oct 15, 2017 8:16am Oct 15, 2017 8:16am
Quoting Jupiter
{quote} Quoting maverick2017 I watched the T-Line video and he is repeating the same things over and over again. I do not understand chart provided by you. This 5 finger boogie will take a lot of practice and confidence. How do I find where could be the best entry? At first I thought of the actor Bill Williams which showed on google searched. I do not understand how this is supposed to help me. Only solution is pre-determined Take profit points. ps - I trade live without charts. I've read hikkake pattern twice and I have to admit that...
I thought of this thread as "bring it on, we'll clear our doubts together" kind of thread.
A trade should be based on an assumption based on facts
  • #387
  • Oct 15, 2017 8:26am Oct 15, 2017 8:26am
Quoting maverick2017
{quote} I thought of this thread as "bring it on, we'll clear our doubts together" kind of thread.
maverick2017 get me right, please.
I'm doing more than I should.
I have no hidden interest in doing this.
I'm not selling anything. I'm not opening a blog...and so on.

But above all: I'm not teaching and I don't want to teach.

I'm pointing at readers' attention what was “meaningful and significant” to me during my journey.
I think that it is a block of material useful to get a proper foundation and to start a new, higher research.
An Intellectual Stimulus, if you like.
But it required, for a proper comprehension, a good level of already acquired experience.
The “Fractal” concept is the proper base of all my reasoning.
"Hikkake" and "Change" as well.
If people don't get it... it's a big trouble...

If one is searching a short-cut, he won't be able to find it.
In this job short-cuts don't exist. There is only personal effort and "blood, sweat and tears."

Take my way or not. It's your choice.
Not my responsibility.
Study and find your way.
And good luck for a prosperous life.

Sorry to say that and I sense sort of a storm coming.
I think that all the readers will understand my reactions to this “series of gunshots”.
I answered to all your proper questions.
The last ones are not questions. Are "throwing stones" in the pond. Not so gentle, to me.
  • #388
  • Oct 15, 2017 9:02am Oct 15, 2017 9:02am
Quoting Jupiter
{quote} maverick2017 get me right, please. I'm doing more than I should. I have no hidden interest in doing this. I'm not selling anything. I'm not opening a blog...and so on. But above all: I'm not teaching and I don't want to teach. I'm pointing at readers' attention what was “meaningful and significant” to me during my journey. I think that it is a block of material useful to get a proper foundation and to start a new, higher research. An Intellectual Stimulus, if you like. But it required, for a proper comprehension, a good level of already...
Points noted. This is about your journey in forex. So, every question I make can be offensive in the sense that you're putting a lot of effort in maintaining a thread and all these shared things are very personal. So, sometimes in my post you can find things you want to filter automatically
What is done is done. I'll think and check before posting here.
A trade should be based on an assumption based on facts
  • #389
  • Oct 15, 2017 9:42am Oct 15, 2017 9:42am
Quoting maverick2017
{quote} Points noted. This is about your journey in forex. So, every question I make can be offensive in the sense that you're putting a lot of effort in maintaining a thread and all these shared things are very personal. So, sometimes in my post you can find things you want to filter automatically What is done is done. I'll think and check before posting here.
Hello Maverick,

If you don't mind, I would like to specify: you have been trading Forex since 2013 approximately and are doing right now only Demo at leverage about 1: 70 (your positions are 70 times your Demo account)?

Best regards, Exnav
Not to Advance is to Fall Back
  • #390
  • Oct 15, 2017 9:51am Oct 15, 2017 9:51am
Quoting Exnav
{quote} Hello Maverick, If you don't mind, I would like to specify: you have been trading Forex since 2013 approximately and are doing right now only Demo at leverage about 1: 70 (your positions are 70 times your Demo account)? Best regards, Exnav
Hi,
I know. That's why I keep asking questions.
I have a live account for shares. Don't know if same principles apply to both. Leverage is there to be taken advantage of.
I stopped trading in 2014 and returned now to trade stocks because forex is banned in India.
A trade should be based on an assumption based on facts
  • #391
  • Edited Oct 16, 2017 5:50am Oct 15, 2017 10:07am | Edited Oct 16, 2017 5:50am
Quoting Jupiter
{quote}
In fact, I'm very grateful for your thread and moreover - especially for that sort of hand held sessions I was able to follow your live trades, as well for the reminders on the Market fakes and traps. Regretfully, I did not have opportunity to feel the pulse live together with FTI. The time I joined FF, he was not trading already.
Not to Advance is to Fall Back
  • #392
  • Edited Oct 16, 2017 5:52am Oct 15, 2017 10:19am | Edited Oct 16, 2017 5:52am
Quoting maverick2017
{quote} Hi, I know. That's why I keep asking questions. I have a live account for shares. Don't know if same principles apply to both. Leverage is there to be taken advantage of. I stopped trading in 2014 and returned now to trade stocks because forex is banned in India.
Hello Maverick,

Thank you for your kind reply. There are also attempts in some European countries (Belgium, France, Germany) if not to totally ban but to reduce the Leverage down to 1:10 (it's 1:50 in the US). I do agree as regards the advantage of trading with high leverage (I may have it up to 1: 200 with one of my UK accounts). Through my experience, a high leverage has done more harm to me. But that's very individual.

Since I've never traded shares, stocks, hence my incompetence there.

Also with DAX (and joined it thanks to Jupiter), I hold a single account having that possibility.

Enjoy your trading!

Best regards, Exnav
Not to Advance is to Fall Back
  • #393
  • Oct 15, 2017 10:29am Oct 15, 2017 10:29am
Quoting Exnav
{quote} Hello Maverick, Thank you for your kind reply. There are also attempts in some European countries (Belgium, France, Germany) if not to totally ban but to reduce the Leverage down to 1:10 (it's 1:50 in the US). I do agree as regards the advantage of trading with high leverage (I may have it up to 1: 200 with one of my UK accounts). Through my experience (since I've been trading Live only), the leverage has done more harm for me. I consider trading high leverage as a pure gambling. But that's very individual. Since I've never traded shares,...
Hello Exnav,
Thanks for the introduction. I like leverage. I get a leverage of 1:20 on my shares account ( it is an account with a bank) .I use very tight stops on this account. What difference does it make if an individual has bank account or not?
I don't know why is it banned here because we can trade USD/INR, JPY/INR, EUR/INR and GBP/INR.
A trade should be based on an assumption based on facts
  • #394
  • Edited Oct 16, 2017 5:54am Oct 15, 2017 10:41am | Edited Oct 16, 2017 5:54am
Quoting maverick2017
{quote} I get a leverage of 1:20 on my shares account ( it is an account with a bank) .I use very tight stops on this account. What difference does it make if an individual has bank account or not?
Hello Maverick,

Regarding Demo and Leverage, as well as your training approach and path, my point was that you would better understand/ feel the market when you trade Forex spot Live. And then there might be a huge difference between 1:70 and 1:20 already.

"has bank account or not?" - for someone might be feeling more comfortable and/or secure if with a bank

I've to walk my dog. Thus, have a peaceful Sunday evening!

Best regards, Exnav
Not to Advance is to Fall Back
  • #395
  • Oct 15, 2017 11:32am Oct 15, 2017 11:32am
Quoting Exnav
{quote} Hello Maverick, Regarding Demo and Leverage, as well as your training approach and path, my point was that you would better understand/ feel the market when you trade Live. And then there might be a huge difference between 1:70 and 1:20 already. Some of your misunderstanding might well derive from that instant. Also experience and reading the FTI's thread "Technical Analysis Fallacy" could help find a common language here. Personally, I may be regarded as a coward but my leverage when the max open positions size, must not exceed 1:3. Lower...
Hello,
I like to think of trading as decisions. So, personally I think that there is little difference, if not same, between my trading style while live and demo. Because every decision taken shape our thoughts and growth as an individual.
I guess banks have more liquidity, that's why.
A trade should be based on an assumption based on facts
  • #396
  • Oct 15, 2017 6:46pm Oct 15, 2017 6:46pm
Quoting Jupiter
On January 31st,1901 Charles H. Dow compared the stock market to the tides of the ocean when he wrote in the Wall Street Journal "A person watching the tide coming in and who wishes to know the exact spot which marks the high tide, sets a stick in the sand at the points reached by the incoming waves until the stick reaches a position where the waves do not come up to it, and finally recede enough to show that the tide has turned. This method holds good in watching and determining the flood tide of the stock market."

...
  • #397
  • Oct 15, 2017 7:32pm Oct 15, 2017 7:32pm
Quoting Jupiter
{quote} Perfect. What to add? How to add? That's it! Full stop. Question is: must Forex Factory necessarily be a frustraded losers diabolique unreadable place? Can we do - as we are trying here, dear Piquant - something different? How can experienced traders seriously confront without killing the newbies? How could the newbies give up their ignorant arrogance for a while and try to humble unnderstand the true Market voice? Very likely, my dear friend CindyXXXX could even be right. Are we making a mistake writing down too much and sharing our experience...

Truthfully speaking Jupiter, I've only been in this game for 4 years not as long as you've been and so therefore my experience isn't going to measure up to your level of expertise. I am here to learn. Assuming if those questions were directed to me, since I'm a fairly new trader my answer would be you shouldn't feel obliged to share more than you're comfortable with, from my observation you've been dropping hints here and there without spilling the bean <hikkake and change> in my view you've done enough, of course you could extend a bit on certain aspects of the information you've shared.

But then again, without experiencing these personally one wouldn't be able to comprehend their proper use. I'm also barely starting to read these patterns properly.
...
  • #398
  • Oct 15, 2017 10:40pm Oct 15, 2017 10:40pm
Trapped versus Disciplined Traders.
Prey and Predator.

H. O'Neill:
"We must be CYNICS when reading the tape. Doubt all before you believe anything.
Almost anything is FAIR in trading.
The whole idea is to outsmart the other fellow. Many a false move is engineered to catch our king!"
  • #399
  • Oct 15, 2017 11:04pm Oct 15, 2017 11:04pm
Todo cambia:
"y así como todo cambia /que yo cambie no es extraño”
” Pero no cambia mi amor...ni el recuerdo ni el dolor de mi tierra y de mi gente”

Inserted Video
  • #400
  • Edited Oct 16, 2017 12:05am Oct 15, 2017 11:16pm | Edited Oct 16, 2017 12:05am
So... Space and Time.

Price - I can control at what price I trade.
Direction - I can control what direction I choose to trade.
Time - I can control when (an so where!) I trade.
Amount - I can control my participation to the Market
Exit - I can control when to say stop to my winnings or to my losses.

So...
Market is NOT completely uncontrollable.
The "YOU factor", our "EGO"... our stupid "drunken monkey" mind is what we can hardly control.

I must learn to know the difference between the things I cannot control;
Discipline to control the things I can; and the knowledge to know the difference.

But my writing it's all worthless.
Who knows, he already knows.
Those who do not know, they do not understand.
Amen.

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