Journey to consistency

Water shapes its course according to the nature of the ground
over which it flows;
the soldier works out his victory in relation to the foe whom he is facing.

Therefore, just as water retains no constant shape,
so in warfare there are no constant conditions.

Disciplined and calm, to await the appearance of disorder and hubbub amongst the enemy

A clever general, therefore, avoids an army when its spirit is keen,
but attacks it when it is sluggish and inclined to return.

"He will win who, prepared himself, waits to take the enemy unprepared."
After every battle forget about the glory , as well as its pain
- the next batlle will be totally different.

Remember always that the market is a battlefield.
Do not be on the battlefield unless you have a purpose.

"He should not encamp in treacherous areas like thick forests,
narrow passes and marshy ground,
in which the army could be easily bogged down.

Preparation for Battle ( Money Management )
Your moneys are your only ammunition.
Therefore never deplete it under any circumstances.

master and trading in general is on PC.
but tablet has some of the accounts attached so i can review copy quality for slippage, or mistakes like this.
also, the tablet isself represent the backup solution to a case of power blackout.
the same 4G internet backing up the regular net.

it isnt every day when i need to use the backup, but when the rare occasions i do, makes a huge difference to have it in place.
( when trading somewhat meaningful amount)

"In trading, when the army is non engaged, scouts must always remain in battle field to gauge the markets form. By standers in a battle can hardly "feel" the emotions in the fight. If traders avoid the markets altogether, then point of reference is dependent on ego and self and predictive ways, rather than the info thats coming fom men in battle"

credits to fti

No "long" breaks are going to be allowed until I call it a day. Babysitting positions and flowing along the dance floor is crucial to consistency. Markets are a battlefield, you look away for a while and your enemy will slash you by the throat. There's no taking it easy as far as concentration on the markets is concerned, you can however take it easy with leverage when the tide is high.

Do not be sucked into trying to predictive analysis. Instead seek "feel" & form from the market.

if you're willing to dance the dance come on in.
if you're coming to the battlefield with hocus focus predictions and rigid mindset the please exit the dancefloor ASAP before you lose your shirt or your house in a single battle. Remember capital is your ammunition.

Time window for selling EUR/USD opens now.
watching levels 1.4825/00
Now waiting for GBP/USD to top out.
If no one is watching I shall stop commentary.
If watching just write watching in reply then delete.
its going to be long night here.
ossible window at 1.4840/55
sold level 1 at 1.4833
Noted zoran and Northpro.
notime to answer now, daancing

now preparing attack sequence level 2
attck sequense level 2 abandoned.
toping of GBP completed.
now rescue level 2 on stand by
short eruusd 1.4838 filled
now awaiting usd/yen retracement back down tfor time window toopen
position recap short eur/usd 1.4833, 1.4838
final topping GBP/Usd expected within next 10 mins
preparingattack sequence level 2
waiting for usdyen to pomplete retrace sequence
yes in 5 min time frame
now gbp top complete
waiting for usd yen retrace sequense to complete
preparing rescue level 2
bhpho you are noted
sold gbp/usd 1.9891
srescue sold 3 x 1.4849
waiting for down swing in eur
sold gbp 1.9884
wave rider 3 you are noted
lloks like the eur and gbp refuse to run unless USd yen bottoms out
may sweep top at eur and gbp
now begining ending time window of usdyen
usd yen bottom out
preparing sell attack sequence on eur
will be fast mkr
reporting may lag
sell 5X
sold 5x 1.9884 GBP
up sweep not strong
volatility dropping
based on performance leader to sell off is GBp
bur gbp seems to have no depth
NY will be goning home soon.
wonder whats their blotter like
oh leighsww 's back
welcome back leighsww!
looks llike non event for today
will be trying to get out at the twinlight zone.
for those that cannot wait, the strategy is to get out all the positions
GBP near 1.9880
for EUR near .4830
except hold small over night short Currencies and lonfg USD
here comes
hold small long USD as in maybe 1 vs GBP ! vs EUR

FTI's MO. Read it as much as you need to fully comprehend the logic behind his reasoning.

Losing money is no big deal in trading. Losing the ability to financial trade again is the pits of it. But truly losing the moral, that ones incurable.
It develops in the person a complex to haunt them for the rest of their lives.

Remember subcounciously, you never ever forget your trainings and experiences. Akin to I believe you would never forget the presentations that I have presented here. But if you can counciously use what you have learned to better your trading form, then thats the crown.

One attribute that traders must develop, is the ability to let go.
To unwind. To laugh at the worst and laugh at the best.

Dr Murray Banks taught me this, when I was a struggling dealer..
"whatever be your goals in life brother,
look upon the donut and not upon the hole."

There is no such thing as a normal trading day.

Everyday the challenges are different, and the trader has to use their wits and experience, plus training tempered with a little luck in taming the markets.

I'm finally coming to terms with that - today will be different from yesterday and tomorrow will not be same as today. Trading is extremely difficult, if you're imposing your own thoughts onto the markets as if its obliged to pay you back - market will teach you hows it's done - that its not your thoughts or analysis market should follow but the other way around. The only way to make it as a consistent trader is to learn to dance along, to feel the market form. Market is the lead, and you should follow wherever it goes. Drop your presumptions and predictions. Be humble and be nimble. You shall be rewarded then.

Why analyse?

Well we analyse , so that we can capitalise the event, when the market begins to move in the manner that its expected to, from our analysis.

We analyse so that, we can time the progress and skew of our exposures to reposition ourselves to improve position cost in the trend of markets.

We analyse so that, when the market tells us square in our face of what is probable , that we can to dance with the market's rhythm, to claw the $$ in.

We analyse so that, we can look intelligent to others, and that we are not dunces making good money.

We analyse so that,we can justify our risk taking as we must feel inteligent, to satisfy our own ego.

We analyse so that, we can decorate our charts and have eye candy, instead of looking at plain vanilla charts and feel unintelligent.

We analyse so that, when ego and predictive fortune telling is proven wrong, that we can keep hoping and fighting instead of regrouping and preserving capital.

We analyse so that we can deflect the blame on XYZ numbers and ABC indicators for our course of action. Then its their fault that we lost, not ours.

As the trader, you have the choice to determine your reasons for analysis.
Why do you analyse?

Market form takes into consideration a few other sidekicks apart from the conventional chart pattern formations, in essence the volatility scales and the time scales. Basically what you described is correct.
However, there are not rules cast in stone , so a feel for the local characteristics as well as behavorial abnormalities couple with the understanding of market structure and immediate impact fundamental , would give you a good feel of the market form.
If you apply prudent MM to capital ratios, with a healthy mindset to your trade habits, it should serve you well for taming the markets.
It get better with sufficient exposure and experience.

When entrenched in a trend move, attention is paid to possibilities of reversals and holding to attack when complimentary patterns emerges.

In a nut shell, thats the dance.

Remember that, rigidity of mindset and "magic bullet" convictions is dangerous to your exposure, yield into the FLOW of the sequence of happenings in the charts, romance the 3 kingdoms for a feel of whats happening in the bigger picture for instrument selection.
When in doubt , bail out.
Do not be victim to conflict of the General and Commander in you.

Rigidity may ease the traders needs for active analysis by defined rules but it impairs the trader to "feel" the development that is unfolding. The market is never ever the same, the waves of movement may look alike , but are never the same. Therefore nimbleness in methodology is paramount for long term success.

The feel of form, you get from monitoring the developments in the market. and not by setting up rules of engagement.This will restrict your ability to "pull the trigger" (in as well as out)when required.

When a market begins to ready itself for a trend attack, there is always more than 1 sign, in reality there are many signals being given, and these sets-up the many types of rigid player, cueing them to the event.

When most parties are in the same direction, only the egos will be left to bear the pain of the attack. Then the victors sort themselves out by a mode of musical chairs games (sweeps), and weeding out the weak players. The players who are weakest amongst the victors are rigid players.

In reality,pattern analysis can be done in less than 10 seconds. Its not the pattern thats critical, evey body can see that, its the way it behaves while its forming that clues the trader. ie volatility, activity and time splices, range etc. and from these one is to formulate correct response,by trial and error. When in error, rescue, and when correct, to "press".

All trading, MO,Mm strategies is not meant to manage the market, but the trader's mindset and his resources. Leave the market managing to the CB and tier 1 , they have their ways. The trader's task is to manage himself and his resources as best he can. Patterns can come, patterns may fail, it may mutate, but thats not important. What's important is , What the trader does to cope with the changing scenerios. Here his experience and nimbleness backed by sound MM would excel him.

Preservation of capital is an absolute must in the markets, unless you can print your own. To be really aggressive you need to be trading with a small percentage of what you’ve got stashed in your boot, so if it gets taken by the dealer you have enough to ante and play the game on the next hand.

You hit the market large and she goes against you, you’d better know how your going to handle it, just how far you can go and the point where you have to cut and run or else you'll have the deer in the headlights look right before you get ran over.

The markets have to move to make money, volatility is something to embrace not avoid, but to survive the long run, the mindset needs to be more of a marathon than a 100 meter sprint.

Do you believe in magic?
Or the signs in the stars?
or the mystics?
or that God trades?
then you will be lost.

Plant your feets back on the ground.
then trade , with experience, you will understand the truth.

What you are confirming is that the market has life,

It has a pulse ,and rhythm and that determines its behaviour.

Your job as a trader is to gauge its pulse and move accordingly to sync with,it.

You will mostly be able to do that if you listen and watch it, there is no otherway. The varables are enormous , and only the human mind, can be trained to "dance" its millions of colours and variations. Just like water the market will take the course of least resistance. The mind can capture that picture , only the timing may be slightly out paced. Thats why you have to have rescue options to align with the flow again.