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Back to the Future – My Freewheeling Journal

  • #461
  • Edited 4:41am Oct 17, 2017 2:43am | Edited 4:41am
OK.
I won't do these kind of things anymore.
It is vulgar "brushness and showiness". Ignorant exhibitionism.

But I wanted to demonstrate the tremendous power we have in hour hands.
This is pure Livermore and Gann technique. (Probing Method and correct Pyramiding/Add to a Winner)
Market is NOT completely uncontrallable.

Feel her. Ask her. Let the market confirm you. Dance and accept.
Lose something in the attempt to understand the direction...
But when you are right, and in rhythm, then "do your magic".

Study, study, suffering and practice.
  • #462
  • Edited 3:10am Oct 17, 2017 2:54am | Edited 3:10am
From the Wyckoff Ticker Interview on Gann.

"We have seen Gann give
- in one day
- sixteen successive orders in the same stock,
- eight of which turned out to be at either the top or the bottom eighth of that particular swing.
The above we can positively verify."

One needs to read between the lines. But the message is there! Plain and clear.
Do you prefer your fancy indicator?

Edit: Last scout extracted +39
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  • #463
  • Edited 5:16am Oct 17, 2017 4:44am | Edited 5:16am
Water in the water. Flowing. m5.
Squared.
And call it a day.
(Here in public. But I told you that I have this weird Gann idea...)
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  • #464
  • Oct 17, 2017 4:46am Oct 17, 2017 4:46am
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  • #465
  • Oct 17, 2017 5:20am Oct 17, 2017 5:20am
The H1 triangle. In this very moment.
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  • #466
  • Edited 5:50am Oct 17, 2017 5:33am | Edited 5:50am
Or now or "never"... come on.

Ah! The huge effort of my Bulls.
Question: where are the orders?
What is there beyond that line?

Edit: We had that push but there are armed bears, also. Interesting day. We'll see.
  • #467
  • Oct 17, 2017 6:43am Oct 17, 2017 6:43am
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  • #468
  • Oct 17, 2017 7:10am Oct 17, 2017 7:10am
Quoting Jupiter
- 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...
really enjoying these types of entries !

I'm sure you have faced with plenty of scenarios where you just wanted give up, the road further seemed almost impossible to get through, too many roadblocks - how much can I really take ? How were you able to reach where you are now ?

does everything just fall into place after a while ? 5 years and more
of course you'll have to do your homework.

I have been diligently, although I sometimes can be fickle jumping from one to another method but then again it was done so for me to be able to understand market structure, price behavior and pattern. While I feel like I'm learning heaps at the same time I feel like I'm not getting anywhere.

It's frustrating.. beyond any words that I could describe it with.
I never felt this stupid, humble and this useless.

Mother market will I ever get you ? and learn to dance along ? will I ?
...
  • #469
  • Oct 17, 2017 11:38am Oct 17, 2017 11:38am
Quoting Piquant
{quote} It's frustrating.. beyond any words that I could describe it with.
Yes.
Frustrating.
Humiliating.
Irritating.
Miserable and devastating.
The more you continue with the same mistake the more the pain and the suffering become physical. And unbearable.

My Old Phrase 1
- It is impossible!
I can't be so stupid!
I'm not that stupid! Come on.

My Old Phrase 2
- It is something that I believe to see.
It is a sort of “mirage”... I see something that it is not there... or that is false... or that is deceptive.
Yes, yes, yes. It is all a great deception... it is simply a great swindle.

Now.
I can tell you that I had my examination, trading live in front of fti on TAF, in September 2016.
Had his scholastic judgement and mark... LOL
And I started to go like this, stronger and self-confident, in January 2017.

For you and all the readers.
The Floor Trader Method is the basis on which Phillip Nell worked for his 5 minutes thread. It's a classic!

Chris Lori
Hima Reddy
and then, last and detached, Weis...
this 4 videos MUST, I daresay absolutely MUST make the difference.
You have to have had a relief and an immediate benefit.
If not, sorry, but you are still not enough prepared in your fundamentals (is what I said to maverick)
  • #470
  • Oct 17, 2017 5:42pm Oct 17, 2017 5:42pm
Quoting Jupiter
{quote} Yes. Frustrating. Humiliating. Irritating. Miserable and devastating. The more you continue with the same mistake the more the pain and the suffering become physical. And unbearable. My Old Phrase 1 - It is impossible! I can't be so stupid! I'm not that stupid! Come on. My Old Phrase 2 - It is something that I believe to see. It is a sort of “mirage”... I see something that it is not there... or that is false... or that is deceptive. Yes, yes, yes. It is all a great deception... it is simply a great swindle. Now. I can tell you that I had...
I will check them out !
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  • #471
  • Edited 9:20pm Oct 17, 2017 8:28pm | Edited 9:20pm
First of all: attitude.
Mindset and approach. In pure fti's style (Very Eastern. LOL)

You ask the Market, gently, with your first entry... “Excuse me? Do you wanna dance with me”
And she answers harshly: "Dance with you? No. Who are you? What do you want?"

OK.
Now do this experiment, please. Do me the favour.
Go out from your home and go, I don't know, to the Mall?...
OK, to the Mall.
You are into the Mall. Now ask each girl you meet there “Excuse, do you want to dance with me?”
And tell me what will happen.
See?
It's not so different, in the end.

Don't tell me to go to the hell with this story... try to think for a second: it is not so mad as example.

Now mix my (stupid?) metaphor with this other example.
This one is about rhythm... often proposed by fti during his teaching.
How to enter in the correct rhythm.
Dance in and out (wax on and wax off) in perfect rhythmic cadence, otherwise... it will hurt!

When you finish this post watch the Phillip video again, please. And start to think to: "It's all about TIMING."

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  • #472
  • Edited 9:36pm Oct 17, 2017 9:04pm | Edited 9:36pm
Despite our constant pursuit of knowledge, the market itself assures there is no shortcut to obtaining our final degree.
(LOL. I was lucky enough to obtain my Certificate from a great man... thanks fti: wherever the heck you are!)

In the end, it is “Knowledge coupled with Experience” which is our ultimate teacher and there is no substitute
The single most important secret is this: learn to listen to the markets and do not impose your own will upon them.

1) Time Frames...
I would need an entire book to clarify my view.
Anyway: everything is already in these pages. (Almost everything... )
As Philosophy and as Modus Operandi.
Enough to begin to understand the true nature of what we are facing.

2) Set-Up
You wanna be, you decide to be a set-up trader?
Nothing wrong. Respectable and admissible choice.
For example: I see a double bottom forming in the previous chart posted.
OK. I agree completely.
The strongest pattern in swing trading is trading on tests of previous highs or lows.
These tests offer an excellent trade entry location with the least risk of loss.

But...
> double top and bottom have multiple forms: do you know which they are and why they form?
We have the strongest and the weakest. Can you recognize them?
> double top and bottom could be defeated...
> they could represent precise points in the Elliott wave. Do you know which ones?
> You are playing on the extremes... are you sure you know all about the dynamics that occur there?

And so on and so on...
Wanna do only one thing? You must be the MASTER of it. You must know every little shade of it.
Mama has no mercy for ignorance.
Counting on just luck and coin toss is called GAMBLING not trading.

“Wishing. Hoping. Praying.” is not admitted, here.
  • #473
  • Oct 17, 2017 9:18pm Oct 17, 2017 9:18pm
How do I feel after my effort and these (I have to admit it: not so bad...) pages?

Like this. HERE.
auxesis -
"The fact is, you are in exactly the same position you were in before we met,
but now, somehow, it's my fault."

Like this. HERE.
fti -
"I not feel much if a pro fisherman drowns in the pond, but to watch novice drowns because they not equipted for the terrain, is disturbing.
And i pray that i not the beacon that attracted them to the pond.
Anyway, is not my responsibility save all mankind. I no have the capacity."
  • #474
  • Oct 17, 2017 9:43pm Oct 17, 2017 9:43pm
DAX today.
H1 Triangle.
Its evolution.

Brett Steenbarger: OODA. Observe. Orient. Decide. Act.
Have a nice on the Markets... but trade always in control. You can do it. OK?

For today: did you set your training goal? Have you got a clear objective for the day?
Is your internal coach well awaken and active?
and so on and so on... I already told ya, Franco. You are sooooo boring.
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  • #475
  • Oct 17, 2017 9:59pm Oct 17, 2017 9:59pm
Jesse Lauriston Livermore ... "I had a hard time convincing her [my mother] that I was not gambling, but making money by figuring."

Now think. I pray.
What killed Jesse? A bullet or his Ego?
He, the Great, "simply" went against its own rules. Terrible and horrible truth.
We, actually, face two extremes in Trading Prices:
"Total ignorance" against "Playing God".
Another long, long, long story.
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  • #476
  • Oct 17, 2017 10:27pm Oct 17, 2017 10:27pm
Brett Steenbarger: psychologist, therapist and author
with an interest in using historical patterns in markets to find a trading edge.

He is, furthermore, the man of:
“The Yoda state”: the calm focus. (focused attention can be effective as a tool for shifting emotions. )

Read this and smile. Yoda is a great Trader. A champion. LOL
"Control. Control. You must learn control.!" A true myth.
"This is the way of things. The way of Force." No it's not Jesse. LOL. It's Joda.
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  • #477
  • Oct 17, 2017 10:40pm Oct 17, 2017 10:40pm
Quoting Jupiter
You are playing on the extremes... are you sure you know all about the dynamics that occur there? Wanna do only one thing? You must be the MASTER of it. You must know every little shade of it. Mama has no mercy for ignorance.
appreciate your feedback !

I have dropped in on fti's thread a while ago, you can tell the guy has been a pro in the industry, a lot of the information that he's shared will take a while for someone like me to digest, I will go back and read more and see if I can pull it through.

I have also checked out Chris Lori, good stuff. The more I trade the more realize the importance of flow.

If you don't mind would you care to discuss more about inefficiency and levels of reference ?

for instance, let's take NZDUSD 1h chart do you see what I see ? is my perspective accurate or inaccurate ?
I think I'm finally starting to "really" understand the change and dancing along with the market.

with setup trading, you're right in that I sometimes force price to respect my own analysis which isn't always right and always leaves me frustrated, helpless and useless. (lol)

I'm sure you don't feel any of these negative feelings when you're in tune with the market.
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  • #478
  • Edited 11:18pm Oct 17, 2017 10:50pm | Edited 11:18pm
Quoting Piquant
{quote} If you don't mind would you care to discuss more about inefficiency and levels of reference ?
You are on the right path
(see? if you read what I wrote, the benefit arrives immediately! So read it... LOL )

But...
Don't predict and don't anticipate.
You have an area, there, where you will receive information.
It is what fti calls "Time Window."

"You know nothing. She leads. You follow."
That's the difference.
If I saw another prediction on one of your chart... you too are out of my club!


Edit: I am not teaching. And don't want to teach.
This post is just the conclusion of a previous chapter.
  • #479
  • Oct 17, 2017 11:23pm Oct 17, 2017 11:23pm
Quoting Jupiter
{quote} You are on the right path (see? if you read what I wrote, the benefit arrives immediately! So read it... LOL ) But... Don't predict and don't anticipate. You have an area, there, where you will receive information. It is what fti calls "Time Window." "You know nothing. She leads. You follow." That's the difference. If I saw another prediction on one of your chart... you too are out of my club! Edit: I am not teaching. And don't want to teach. This post is just the conclusion of a previous chapter.
I just wanted to make sure I was drawing those lines correctly.
And I apologise if I am hijacking your personal journal and making it into a Q&A session , but this is how noobs learn to find their way I guess.

But thanks again for recommending some good sources.
I'm all for you elaborating more on inefficiency ...
Spill out whatever you want to spill, I'm all for it.
But I promise I'll do my homework. That is I will read fti's thread.
...
  • #480
  • Oct 17, 2017 11:29pm Oct 17, 2017 11:29pm
Quoting Piquant
{quote} But I promise I'll do my homework. That is I will read fti's thread.
Do it at your risk and peril. LOL
You survive the first hard impact... and it will be pure ADDICTION.
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