Back to the Future – My Freewheeling Journal

Wow.
Just popped into for a quick control.
Now I'm imagining dongky dancing with his beautiful little Bears... all in a circle.
What a picture.

Enjoy your turn, my old friend. And have no mercy.

DAX H1. At Yesterday's close.

DAX m5. (Wheels within Wheels)

The “Magic” Efficiency of Fibonacci numbers.
Two relative/comparative moves both measurable in 76,4%. (Training Exercise. Use the Retracement tool...)

The “Magic” Efficiency of Elliott Waves Theory... the underlying, hidden structure of the Market.
Is there anything in there that immediately hit your eyes? (Training Exercise: "Think in Waves")

Obviously, “Magic” is simply ironic.

You and Yourself (The Internal Observer/Coach)

Many traders don’t really know who they are and what they do; they’re invisible to themselves.

Writing in a journal or talking aloud for a half hour a day at least...
we make "implicit feelings"... explicit!
We view them from different angles and place them into a different context.

Begin determining your objectives.
Your goals should set yourself up for success and a building of confidence.
When we create challenging, meaningful, and doable goals, we generate potential experiences of mastery and success.
(i.e. Goal = "limit trades to setups that align with the larger market trend" ...
At the end of the day, you will give yourself a report card
based solely on how well you achieved the goals you set for the day.)

The idea is to never trade without consciously working on some aspect of your trading.
It is not enough to set goals; you need ways of tracking your progress toward those goals
and feeding that information into future goals.

If you limit your losses,
pursue your strengths, and
take concrete steps toward mastery...
every single trading day can be a positive experience, even when you’re not making money.
Maybe you cannot eliminate losing days, but there should never be days that leave you feeling like a loser.

What I mean?

You can control whether you adhere to your Trading Rules.
You control how you trade; the market controls how and when you’ll get paid.
Your focus becomes one of trading well, not one of making money. And you begin to accept it.

Every rule followed—every action traded well—is a success experience in the process sense.
Over time, profits result (as long as the rules are sound!!!), but the confidence comes from self-mastery.

When I sense a "Disturbance" between The General and The Commander inside myself,
(for whatever reason or whatever conflict on one of the 5 Sun Tzu Factors),
I track my limits, my boundaries and then simply... I refuse to trade.
I leave Mama DAX alone.

"Not to have a position" is... having a position!

- Stay Active. Do it... do new things.
- Stay Positive. Formulate positive goals: focus on changes that involve doing more of the right things.
Made the most of your strengths.

The very act of trading requires daily encounters with risk and uncertainty.
So "stress" and "under stress” cannot be eliminated.
But you can set some limits so that you and your coach can control the situation.

On my Moleskines, here they are some dongsky's advices during the lessons he gave me many years ago:
"If you can't stand the heat... get out from the kitchen!"
"As long as you won't be shaken... they're shaking the weakest link."
“But still... nothing is certain... exit on first sign of failure... "

I'll pass them to the readers. Thanks Eddy.

Scaling and banking.
GM
H1

Scaling again.
Only scouts.
m5

Now watching.

This is me.

yes it's quite amazing how transparent we really are

More like this, I'm afraid.

2:58

@12.978 Yesterday's Low
Banking...
And now observing.

Where is Deltaone?
Attacking full force.
Scaling out @12982

Total @13.003.85 close all positions.

Remember. Trend is UP!
We surely have this tiredness, this losing of force.
Surely, someone is taking his profit after this great advance.
But Mama is still up.

Nice action. Well executed. Great (bastard) Bulls
Lost some scouts in the opening... to be serious and complete in my narration.
H1... Positions closed

Price at the Central Pivot Point.
Tie Team.
We'll see.
Trade safely.

And now... some drops of Jupiter.

Don't be too greedy, Franco. Stop it! OK... OK...
m5