Back to the Future – My Freewheeling Journal | Page 63 | Forex Factory

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Back to the Future – My Freewheeling Journal

  • #1,241
  • Apr 14, 2018 1:06am Apr 14, 2018 1:06am
Quoting Piquant
some don't like to admit it but its clear as day.
These are fti words.
fti - TAF - #555 -”Don't think six sense... these things subjective. Use clear objective thinking and feel her.”

Come on... read it again! Subjective... Objective... Subjectivism... Objectivism...

Ah ya! The TAF praetorian guard... They kicked me out three or four times.
The question is not their stubborn blindness, the trouble is about my accent and my temperament.

Yes. My accent, my tone of voice is so passionate! And I'm proud of it.
Yes. My temperament is a hot-blood Italian one. And I apologise about it.
But I can't stand losers' mentality anymore.
Market needs losers, this is a sad truth. But if you want you could change!
You could train yourself as the best or as the rest. (Yes, the stupid rest!)

This is Ed Seykota : “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”


I wrote 62 pages on W.D. Gann true heritage
(“Facts and not opinions”, “Beware of the Human Factor” and “Clear rules against subjectivism”...)
and J. Livermore concepts (”Irresistible Force”, “Probing Method”...)
It was my humble attempt to save some accounts and some minds.
I didn't teach... I have nothing to teach.
I tried to show a path of personal growth.
And I failed.
No interest at all in the conversation... just attack, incomprehensions, controversies and grabbing something from me.
This is a battle that I don't want to win anymore. I'm too old, tired and embittered.


P.S. I would have liked to post this fti's quote on TAF as well but I don't need another fight.
My problem is the visibility on FF of these fti words of wisdom. (And of course my personal honour and respectability!)

Maybe a TAF member who is reading me will be so kind to post this fti's sentence there to get the proper audience.
I don't think it will ever happen... but who knows.
  • #1,242
  • Edited 2:00am Apr 14, 2018 1:16am | Edited 2:00am
TAF - 55.801
Nine years, Sifu? I'm 65.
I have not nine years.
Not anymore.

(The biggest regret of my life. In that moment I did not understand the meaning of this post! And I deluded this great man. So sorry.
Yes. The frustration of the losers is horrible and tragic.
But why have I to be insulted, chief? Tell me why?)
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  • #1,243
  • Edited 2:03am Apr 14, 2018 1:44am | Edited 2:03am
Just one of my trades of yesterday. Life goes on. (DAX m1)
Remember that I had never discussed about Money Management.
Study fti on that and find your own personal balance.
Correct Pyramiding in a Trend is an Art.
Attached Image
  • #1,244
  • Edited 5:28am Apr 14, 2018 2:13am | Edited 5:28am
Yesterday's trading day? Enourmously entertaining.
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  • #1,245
  • Edited 10:42am Apr 14, 2018 3:39am | Edited 10:42am
Conclusion.
Is trading impossibile? No.
Is profitable trading somewhat possibile? Yes.
Is trading dangerous? Yes and not.

Trading is trading!
It is profiting from natural and normal prices' oscillations, that are produced by crowd's behaviours...
We make it dangerous!... We, with OUR personal choices and decisions.
Market tells everything.
Price tells everything.
Only that we don't know how to hear and see.
But, what matters the most, we don't know how to respond and react.
This is the true Gann's Lesson.
A road to learn how to do exists.

Q.E.D.
  • #1,246
  • Apr 14, 2018 5:03pm Apr 14, 2018 5:03pm
Quoting Jupiter
Conclusion. Is trading impossibile? No. Is profitable trading somewhat possibile? Yes. Is trading dangerous? Yes and not. Trading is trading! It is profiting from natural and normal prices' oscillations, that are produced by crowd's behaviours... We make it dangerous!... We, with OUR personal choices and decisions. Market tells everything. Price tells everything. Only that we don't know how to hear and see. But, what matters the most, we don't know how to respond and react. This is the true Gann's Lesson. A road to learn how to do exists. Q.E.D....
Ok fine i have read all the ... well text i will call it
Just start that Signal Service and get over it
  • #1,247
  • Apr 14, 2018 9:27pm Apr 14, 2018 9:27pm
Quoting wbemsms
{quote} Ok fine i have read all the ... well text i will call it Just start that Signal Service and get over it
I hope that you was you being sarcastic.
...
  • #1,248
  • Apr 14, 2018 9:38pm Apr 14, 2018 9:38pm
Quoting Jupiter
{quote} And I'm proud of it.
That's all it matters.

If I may, I think some people may mistake your character for arrogance especially people from the opposite part of the world - it could be as simple as a matter of cultural difference and our varying social conditioning after all like you said couple of months ago we're not talking face to face therefore we can't really get a cue from facial expression and general demeanor of the person we're texting to or with over here thus misunderstandings arise from there.

No need to take things personally I was called names by a stranger here for ignoring him (I might say I didn't know what ignore button actually meant I just clicked it ) - now looking back it was a mere misunderstanding. Not that I'm implying yours was the same its for you to judge but then agin having a second opinion or a different point of view from a bystander sometimes can be helpful so I took the courage to reply back to your post not that I'm in any place to give you any suggestion - I'm still young and naive compared to you so don't take it the wrong way I'm just offering my point of view.
...
  • #1,249
  • Apr 14, 2018 9:45pm Apr 14, 2018 9:45pm
Quoting Jupiter
Market tells everything. Price tells everything.
Action
Reaction

wait for an action
wait for a reaction
...
  • #1,250
  • Apr 14, 2018 10:45pm Apr 14, 2018 10:45pm
Quoting Piquant
{quote} Action Reaction wait for an action wait for a reaction
The First Market's Principle! (first one...)
  • #1,251
  • Apr 14, 2018 10:53pm Apr 14, 2018 10:53pm
Quoting wbemsms
{quote} Ok fine i have read all the ... well text i will call it Just start that Signal Service and get over it
  • #1,252
  • Edited 6:00am Apr 16, 2018 5:02am | Edited 6:00am
Ed Seykota - “Be sensitive to subtle differences between “intuition” and “into wishing”.”

We need a solid Mental Road Map to face Mother Market. Prices are going places and doing things.
We cannot navigate without compass, clock and charts.
Objective thinking is possible. Patterns exist. (Read #678)
Define rules based on objective facts and clear signs.
Put an end to ego, personalisms, opinions and impressions, judgments and pre-judgments.

(From the Bottom... on the first chart I found... just a mental exercise in reading... how to use it is another thing!)
Harami
Narrow Range
3 Rising Method
Double Bottom (as compound pattern)
HL
HL
Breakaway Gap
Flag/Pennant
High Closed Doji
Doji in a Trend
Breakaway Gap
Measured Move...

Pattern! And how to trade that pattern. Each pattern as specific rules on entry and managing... all is written in books!
Flexible and never rigid in the reading and acting... but this is the main road TO ME!
(and to me means simply to me...)
Attached Image
  • #1,253
  • Apr 16, 2018 11:08pm Apr 16, 2018 11:08pm
fti (just a little bit of...)

#1275 - Compounded variations of the candlesticks patterns... This is what I call analysis...
My dealing room: read of the shape and weighting of the compound formations.
#1341 - Learning patterns is a life long pursuit.
#1285 - superior analytical robustness and versatility of bar analysis
#1307 – A good feel of the Market Form.
#5767 - yes, pattern formation is price action...
#28476 - You can choose to make the price patterns predictive indications, or you can use them as hints for strategic reaction, it depends on your mindset.
#47449 - Then patterns forms... sometimes the patterns tells the truth, sometimes she lies. How can you know?
#48854 - Apart from continuation patterns and reversal patterns, one must also be able to distinguish running patterns and consolidating patterns.

etcetera
  • #1,254
  • Apr 17, 2018 4:29am Apr 17, 2018 4:29am
Hi Jupiter, really thanks for your journal, good info here. Keep it, please.
Is it possible that you might give some details about how manage trades (scale out, 1 entry/multiple exits, re-entry with "full size lot"...etc)? Thank you anyway.
Newbie trader
  • #1,255
  • Edited 4:15am Apr 22, 2018 1:01am | Edited 4:15am
Quoting Jupiter
fti (just a little bit of...) #1275 - Compounded variations of the candlesticks patterns... This is what I call analysis... My dealing room: read of the shape and weighting of the compound formations.

In trading nothing is simple. Nothing is straightforward. All is based on the couple “Knowledge & Experience”.

Market is an always changing environment: everything can mutate, everything can be defeated.

Yes. Reading charts bar by bar is, at the end of the day, more an Art than a precise science.
Patterns can quickly become cookie prints, like geometric formations, into which price movement is stuffed by those looking for a quick, “no‐think” fix.
This leads to rigid rather than creative thinking.
Candlesticks Reading and Pattern Recognition often frustrate the market's student: one must realize that the world of chart reading is grey, not black or white.
We always need to have an open mind rather than being fixed on a preconceived ideal.

Rigid rules on flexibility... and Probing Method, that is my point. And the main idea of these pages.
Preplanned Sequences and Extemporaneous Response.
Obey, adapt and dance the Dance.

In the attachment, the GBP/JPY H1 chart I traded as a Bear, simply following Charles Dow's Rules.


Do I think that there is only one way to trade this chart? No, I don't.
But one is safer and offers more points to collect.
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  • #1,256
  • Apr 23, 2018 12:44am Apr 23, 2018 12:44am
Quoting Jupiter
{quote} In trading nothing is simple. Nothing is straightforward. All is based on the couple “Knowledge & Experience”. Market is an always changing environment: everything can mutate, everything can be defeated. Yes. Reading charts bar by bar is, at the end of the day, more an Art than a precise science. Patterns can quickly become cookie prints, like geometric formations, into which price movement is stuffed by those looking for a quick, “no‐think” fix. This leads to rigid rather than creative thinking. Candlesticks Reading and Pattern Recognition...
beautiful as always!!
nimble and calculated steps all the way

I probably would have gone short at the red arrow double top HL, might be a little too early - but I'm only starting the grasp what you've been saying here all along since last Oct!! don't fight the the tape just follow I just have a trouble following everything not exactly where I want to be but it's been a bliss to just follow along with a simple rule gets subjectivity out of the way and I no longer feel as stressed and as tense when I'm in a trade or even when I have to accept a small loss
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...
  • #1,257
  • Apr 23, 2018 3:00am Apr 23, 2018 3:00am
GJ... scaling out @150.905
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  • #1,258
  • Apr 23, 2018 3:53am Apr 23, 2018 3:53am
Scale out again...
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  • #1,259
  • Apr 23, 2018 4:18am Apr 23, 2018 4:18am
Spreading my troops on the ground... ready to square (if... just in case... etcetera.)
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  • #1,260
  • Apr 23, 2018 4:41am Apr 23, 2018 4:41am
Scaling out @151.050...
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