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Back to the Future – My Freewheeling Journal

  • #1,081
  • Mar 9, 2018 3:30am Mar 9, 2018 3:30am
Quoting alexandria
... takes lots of study ... Alex
Of course, there's a lot more... but I really think that this thread it's a good start.
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  • #1,082
  • Mar 9, 2018 5:34pm Mar 9, 2018 5:34pm
Quoting alexandria
This thread is pure gold.... takes lots of study (or maybe this is just me).
it's not just you.

I'm also finding it very challenging to follow I want to take the easy way out and I did try with some success but I always seem to come back to this "the difficult way"

deep down I know there's no other "the way" to trade DAX or possibly any other instrument.

I'm going to re read the whole thing from page 1, btw I really appreciate the live calls and the attached charts Jupiter! I'm more of a visual learner plus some explanations wouldn't hurt really.
...
  • #1,083
  • Mar 9, 2018 9:52pm Mar 9, 2018 9:52pm
I don't think I'll take my studies as extensive as Jupiter did. Not that I'm being just lazy or don't want to. It's just that even if I do read them I'm not at a level to fully grasp everything. I'm pretty sure it'll take a long time to digest even half of the things he described. So it's not really a conscious choice, my choice not to explore things further is dictated by my current standing - wisdom, age,experience,screen time and a whole lot of things. Does it even make sense ?

While have learned so much over the past 4 years and have gotten better and better at reading charts I'm still nowhere I want to be, which simply means "I can't trade" every scenario/pattern like Jupiter does, I can play Mozart, Beethoven but at my current standing I can't play Liszt or Tchaikovsky. Maybe I'll need 6 more years to play Liszt it's just "too" complex for me to follow every note and make a coherent sound let alone putting any element of musicality and individuality. But does it also mean that I can't play at all ? well not entirely like I said I can play "some" pieces. At this point in my journey can I just settle on those pieces and really perfect them ? would you call that a failure or achievement ? for trading the right question to ask would be or the bottom line is can I make money with "those" pieces ?

Apologize for hijacking your journal.
I was just overwhelmed by incoming information.
My brain is overloaded with too much information (don't worry it's not garbage)
...
  • #1,084
  • Mar 10, 2018 12:13am Mar 10, 2018 12:13am
Quoting Piquant
At this point in my journey can I just settle on those pieces and really perfect them ? would you call that a failure or achievement ?
Of course you can!

  1. Be sure those pieces really work... (and pay enough!)
  2. Be the Master of them... (as I already told you in the past!)

Actually, "Reducing your own trading Universe" is not a mistake.
But avoid the idea of simplyfing.

Thanks for your contribution (no hijacking at all)...
Thanks for having got my “MUSIC” metaphor... perfect!

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  • #1,085
  • Edited 3:55am Mar 10, 2018 3:41am | Edited 3:55am
Quoting alexandria
.....action +reaction+result model them for yourself... Alex

Perfect.
Move... Pull Back... Resolution.

Jesse Livermore: "Fascinating almost beyond belief, the study of Pivotal Points is, you will find, a golden field for personal research."
  • #1,086
  • Mar 10, 2018 3:55am Mar 10, 2018 3:55am
Market is the better place where to take a wrong decision.
Each Trader is the General and the Commander.
We are in charge. We are the masters of our own destiny.
So, simply: be prepared.
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  • #1,087
  • Mar 12, 2018 10:49am Mar 12, 2018 10:49am
Quoting Piquant
{quote} it's not just you. I'm also finding it very challenging to follow I want to take the easy way out and I did try with some success but I always seem to come back to this "the difficult way" deep down I know there's no other "the way" to trade DAX or possibly any other instrument. I'm going to re read the whole thing from page 1, btw I really appreciate the live calls and the attached charts Jupiter! I'm more of a visual learner plus some explanations wouldn't hurt really.
Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it.

Focusing on a few patterns/models is great idea and perfecting them (I am noting mine down and am learning loads by doing so) . I think giving your plans some structure is very helpful so develop if then type models like Jupiter says - so if price does this then I will do that and learn... follow not lead. It helps me a lot: and basically trend trend trend.

Alex
check out the terrain - follow never lead
  • #1,088
  • Mar 12, 2018 10:30pm Mar 12, 2018 10:30pm
Quoting alexandria
{quote} so if price does this then I will do that and learn...
I'm doing exactly that but also incorporate "time" as part of the equation Frankfurt open , London open fakey every candle has a significance in the whole sequence or play and it's not random at all = every move serves a purpose.

By reducing my universe I was finally able to "see" the little tails market leaves behind I'm not there 100% of course but have seen a definite improvement. I actually never saw Jupiter's way of trading to the way you described. Like I said its been difficult to follow Jupiter and I didn't get more than half of the things, but now it all makes sense !

I'm making my own variation Jupiter, I appreciate you sticking around this long this journal definitely has served its purpose "for me" to reduce the suffering and pain for some !!
...
  • #1,089
  • Mar 13, 2018 1:02am Mar 13, 2018 1:02am
Quoting alexandria
Focusing on a few patterns/models is great idea... Alex

Linda Bradford Raschke:
-Very few people can blindly follow a system, though many find it easier to be discretionary in a systematic way.
Because this short-term swing technique generates frequent trades,
it is important to know the “correct plays,” to lock in profits, and to seek the “true trend.” -
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  • #1,090
  • Mar 13, 2018 1:04am Mar 13, 2018 1:04am
Train your mind... and then train your eyes!
Learn to read the Map.
Understand the terrain.
OODA.
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Click to Enlarge Name: Terrain Recognition.png Size: 315 KB
  • #1,091
  • Edited 1:16am Mar 13, 2018 1:06am | Edited 1:16am
According to the US Army Field Manual 3-25.26. Map Reading and Land Navigation:

"...the land navigation task involves map reading, route selection, terrain association, and squad tactical movement.
The ability to 1) recognize representative colours, symbols, and topographic lines to determine terrain features
(e.g., hills, valleys, waterways, saddles, and ridges; see Figure attached) on a map,
and 2) plan a navigable route
are pre-requisites to the navigation of real terrain.
The squad leader must be able to determine grid north using the sun and stars as navigation aids.
He must be able to determine direction and distance (e.g., grid azimuth) on real terrain based on a planned azimuth on a map.
He must be able to recognize terrain features identified on a map and associate them with features in the real terrain while in route to a destination."

So, what did we put on the table here, going through these pages?
Market Complexity
Market's Principles
Market Phases
Price Behaviour Models
Sentiment & Emotions on the Battlefield
Trading Opportunities
(Mental Road) Map and Orienteering
Scouting and Probing Method
Attack Tactics on the Real Ground
Indispensable Preparation...

Always analyse the terrain with attention. They (The Big Boys) fight, you just follow the winner!
Good trading to you all.
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  • #1,092
  • Edited 1:19am Mar 13, 2018 1:07am | Edited 1:19am
Map Reading Exercise (scratching the surface...)
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  • #1,093
  • Mar 13, 2018 3:43am Mar 13, 2018 3:43am
Quoting Piquant
{quote} I'm doing exactly that but also incorporate "time" as part of the equation Frankfurt open , London open fakey every candle has a significance in the whole sequence or play and it's not random at all = every move serves a purpose. By reducing my universe I was finally able to "see" the little tails market leaves behind I'm not there 100% of course but have seen a definite improvement. I actually never saw Jupiter's way of trading to the way you described. Like I said its been difficult to follow Jupiter and I didn't get more than half of...
Ah so it is going alright... good.

I follow FTI plan (and Jupiter well I do sort of) - non rigid.

Alex
check out the terrain - follow never lead
  • #1,094
  • Edited 4:13am Mar 13, 2018 4:03am | Edited 4:13am
Quoting alexandria
...so develop if then type models like Jupiter says - so if price does this then I will do that ... Alex
That's right!

If... Then...
If not... Then this other one...

Preplanned Sequences AND (plus! more over! in addiction...) Extemporaneous Responses. According to the real Terrain features/conditions.

Pre-planned = studied and learnt during the training by intense repetition... BEFORE the engagement!
So that... during the action I could be focused just and only on the correct execution of that "plan/manoeuvre". (See post #818)
  • #1,095
  • Edited Mar 14, 2018 1:58am Mar 13, 2018 11:40pm | Edited Mar 14, 2018 1:58am
That is true for everybody... including me, as the first one on the list.
fti - “We are as good as our last trade.”

Never stop searching. Never stop studying. Never stop learning.

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  • #1,096
  • Mar 14, 2018 3:21am Mar 14, 2018 3:21am
Quoting Piquant
{quote} I'm doing exactly that but also incorporate "time" as part of the equation Frankfurt open , London open fakey every candle has a significance in the whole sequence or play and it's not random at all = every move serves a purpose. By reducing my universe I was finally able to "see" the little tails market leaves behind I'm not there 100% of course but have seen a definite improvement. I actually never saw Jupiter's way of trading to the way you described. Like I said its been difficult to follow Jupiter and I didn't get more than half of...
oh and let winners run and cut losses - what do these mean... how do we do that... scale out.... scale in.....money management


Alex
check out the terrain - follow never lead
  • #1,097
  • Mar 14, 2018 3:40am Mar 14, 2018 3:40am
Quoting alexandria
{quote} oh and let winners run and cut losses - what do these mean... how do we do that... scale out.... scale in.....money management Alex
I can't "yet" properly perform the scale in and scale out, some days I take counter trend trades before London open I ride the London open fakeys so for those type of days I have to get out quick but for days when I'm going with the trend I should probably try to grab a little more than I usually do to compensate for low performing days. It's a work in progress who knows maybe in a year I'll be trading somewhat similar style as Jupiter's, going with the trend scaling in and scaling out.
...
  • #1,098
  • Edited 7:10am Mar 14, 2018 6:09am | Edited 7:10am
Quoting Piquant
{quote} I can't "yet" properly perform the scale in and scale out, some days I take counter trend trades before London open I ride the London open fakeys so for those type of days I have to get out quick but for days when I'm going with the trend I should probably try to grab a little more than I usually do to compensate for low performing days. It's a work in progress who knows maybe in a year I'll be trading somewhat similar style as Jupiter's, going with the trend scaling in and scaling out.

In my opinion skill of trend riding is the most important as it will cover losses: perfect this first even in simple 1 1 1 in demo if necessary: attack is a must. I am getting better at this but still learning... always learning.

What is benefit of scale out .... what is benefit of scale in.... how do we achieve these benefits....

Learn to love a trend

Learn signs how price reacts at support/resistance/support becoming resistance/resistance becoming support: there are signs for what we should do.....we need to perfect our recognition of what is going on ....but we can always be wrong and things can change

Alex
check out the terrain - follow never lead
  • #1,099
  • Mar 17, 2018 3:48am Mar 17, 2018 3:48am
Meditation: Statistics 01. Forex Factory.
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  • #1,100
  • Edited 4:27am Mar 17, 2018 3:50am | Edited 4:27am
Meditation: Statistics 02. The downloads from my Journal.
A drop in the ocean... (or an ocean in a drop?... if you don't mind me saying so.)
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