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Back to the Future – My Freewheeling Journal

  • #1,341
  • Apr 29, 2018 7:28am Apr 29, 2018 7:28am
do not overanalyze. focus on NOW. anyway great posts Jupiter. well.. as always
Reading coffee grounds..
  • #1,342
  • Edited 9:00pm Apr 29, 2018 8:28am | Edited 9:00pm
To all my readers.
Please take note of this: unfortunately this Forum is (also) full of bullshit, nonsense and "weird" people.
It's normal in a Community so large and "multilevel", where good traders live side by side with beginners and/or arrogant wannabe.

I hope I gave you, with these pages, some antidote.

The possible cure, anyway, is correct study, a lot of practice and your trusting only in yourself and your experience on the battlefield.
Don't underestimate this business. Take it seriously, because it truly is a serious profession.
Goodbye.
  • #1,343
  • Edited Apr 30, 2018 1:28am Apr 29, 2018 9:37pm | Edited Apr 30, 2018 1:28am
A normal morning on Forex Factory.
One calls a Triangle on a chart and two Horizontal Lines “overanalysing”.
Another screams “Eureka! I found this on the Internet!”
... and opens a thread on the basic of trading! A simple Swing High/Low! With dozen of readers that don't know it.
Another trades a correction yelling “Trend... Trend... Strong Trend!” And one writes "Thank you, I learnt a lot!"
Someone put me on his ignoring list.

And you ask yourself why I want to go away from here?
  • #1,344
  • Apr 29, 2018 9:43pm Apr 29, 2018 9:43pm
Inserted Video
  • #1,345
  • Apr 30, 2018 2:10am Apr 30, 2018 2:10am
Quoting Jupiter
A normal morning on Forex Factory. One calls a Triangle on a chart and two Horizontal Lines “overanalysing”. Another screams “Eureka! I found this on the Internet!” ... and opens a thread on the basic of trading! A simple Swing High/Low! With dozen of readers that don't know it. Another trades a correction yelling “Trend... Trend... Strong Trend!” And one writes "Thank you, I learnt a lot!" Someone put me on his ignoring list. And you ask yourself why I want to go away from here?
Just stay as a beacon for those who want to learn and or still in the process of becoming consistent traders
  • #1,346
  • Apr 30, 2018 4:05am Apr 30, 2018 4:05am
Yes Jupiter if you don‘t mind just stay here you have not to give something but I believe for a crowd of peeps you give an very entertaining way describing of how to make it finally in markets.

me personally find you journal pretty much entertaining and when my time is there when I can put my efforts more focused into markets I would like to read more from you.

personal plan is to give her the dedication which she needs in 2-3 months full time for at least 2-3 months to proof me, just having to much issues with company right now which calls me daily on duty.

cheers

stefan
  • #1,347
  • Apr 30, 2018 5:52am Apr 30, 2018 5:52am
Quoting Jupiter
A normal morning on Forex Factory. One calls a Triangle on a chart and two Horizontal Lines “overanalysing”. Another screams “Eureka! I found this on the Internet!” ... and opens a thread on the basic of trading! A simple Swing High/Low! With dozen of readers that don't know it. Another trades a correction yelling “Trend... Trend... Strong Trend!” And one writes "Thank you, I learnt a lot!" Someone put me on his ignoring list. And you ask yourself why I want to go away from here?
Why do you even bother? It will always be like this.

So many good guys are gone ( Deltaone, Hanover, Dutchy Daxy, etc ) ... and you want to leave too? No buddy, no permission, sorry!
  • #1,348
  • Apr 30, 2018 7:14am Apr 30, 2018 7:14am
Jupiter is an asset in FF.
  • #1,349
  • Apr 30, 2018 8:04am Apr 30, 2018 8:04am
Patience.
Attached Image
  • #1,350
  • Edited 8:27am Apr 30, 2018 8:05am | Edited 8:27am
Anatomy of an Uptrend. DAX m5.
Just some quick meditations.
Train your eyes.
What do you want to see?
What are you looking for?
What kind of trader are you? Which is your style?
Attached Image (click to enlarge)
Click to Enlarge Name: 30_04_18 16.51 Market Logic.JPG Size: 367 KB
  • #1,351
  • Apr 30, 2018 8:19am Apr 30, 2018 8:19am
Fibonacci and ema20 on DAX H1...
Food for thoughts...
Mindset and reflexes: preplanned sequences.

Is she going to pass? Or not?
If... Then...
If yes: direct or she needs a PB?
If not:... etcetera...

Actually it's a bit too late... be really careful.
Attached Image (click to enlarge)
Click to Enlarge Name: 30_04_18 17.17.JPG Size: 82 KB
  • #1,352
  • Edited 9:47am Apr 30, 2018 9:36am | Edited 9:47am
Quoting Wachturm
... So many good guys are gone...

Hanover is really a nice and clever guy.
“I've also lost enthusiasm for trading forums,
and without wishing to sound condescending, a major reason is a deterioration in the quality of conversation here.
Back in 2006, it was relatively easy to find humble folk who were happy to discuss worthwhile ideas in a civil and intelligent manner...”

“Hanover is dead, he has nothing more to offer, and it's time for me to bury him, and move on with my life.“

I feel very, very sad.

wbemsms, steba, Wachturm, loveandpeace... Thanks.
Red-faced and embarrassed. Grazie.
  • #1,353
  • Apr 30, 2018 9:26pm Apr 30, 2018 9:26pm
(Of course... my reasoning is true under the condition that I got the point in right way!)

Hanover conclusion is worth a life of Market study...
and it is exactly the reason why I reopened my journal: profitable trading is possible.

Hanover writes, in the very last lines of his post #1157 here, about is personal path as a Trader:

“...I've spent many hours analyzing the results, and trying to make sense of why some trades were profitable, and others weren't.
In the end, I reached a similar conclusion to Keynes: markets can remain irrational for longer than the trader can remain solvent.
And if I hadn't more recently discovered a couple of institutional traders, I'd likely still be thinking that way.”

Perfectly clear: phase one (in the end) and phase two (more recently)...
The discover of the reality of the profitability of these two traders made Hanover (in a certain sense) “change his mind” about Market's opportunities.

He saw something. He saw something working in the hands of someone.
He tried to convey that idea and (in my extreme provoking synthesis)... losers reacted!

(Honours to hanover: his post #1 here, is a gold mine!)
  • #1,354
  • Apr 30, 2018 10:26pm Apr 30, 2018 10:26pm
Quoting Jupiter
Anatomy of an Uptrend. DAX m5. Just some quick meditations. Train your eyes. What do you want to see? What are you looking for? What kind of trader are you? Which is your style? {image}
I concluded yesterdays move at London hidden gap cover and went in for a sell on what looked like a flag or falling wedge pattern (scream at me if I got that wrong I haven't even got the right term for pattern 101 but my eyes are starting to recognize the bearish patterns from bullish patterns at the least ) 5m my eyes just weren't able to see everything in such depth - I hope I did not oversimplify... I keep wondering when I'll reach your level of expertise probably never will because I'm not as meticulous as you are and I like to simplify things I guess I just need to find the right balance for myself.
...
  • #1,355
  • Edited 10:52pm Apr 30, 2018 10:32pm | Edited 10:52pm
Quoting Piquant
...I like to simplify things I guess I just need to find the right balance for myself.

An instant of Market reality is “frozen and suspended in time” in the chart at post #1350.
Price is a strange creature.
Oscillations... oscillations with a profound, complex logic and dynamic.

One thing is to understand the relationship between Cause and Effect in each movement.
Another thing to trade that movements trying to create and extract profits.

Reality is one. And only one. And is there. Full Stop. (With its "non-existing" future.)
Correct Methods to profit (in different measure) from Market's essence and nature could be several and different.

But only one is the One... the theoretical perfect approach because capable to maximise the opportunity in every instrument.
And it is “Pyramiding in direction of the Trend.”

Question is: what am I talking about? What trend?

Time
Space
Liquidity (and previous formed liquidity “ponds”)
Volatility
Supply & Demand (Level of Support and Resistance - Major, Intermediate, or Minor)
Bulls and Bears (Effort and Result) (Balance and Unbalance)
Contraction & Expansion
Efficiency and Inefficiency
Reverse & Continuation
Psychology and Expectations
Different Traders of different Timeframes....

All these complicated things produce a simple "High-Low... New High-New Low...."

There are no secrets. Everything has been already written somewhere by someone.
I tried to design a pathway of studies... solid and robust.
Why did fti always refuse to give a summary of his thread?
IMHO because a personal path of “personal growth and evolution” -made of trial and err and always new discoveries- is of the highest importance!
It is the only way to internalise facts and concepts in right way.

Where is the obstacle, the real hurdle?
Take care of what you let enter in your mind and soul: "Garbage in, garbage out!"
  • #1,356
  • Edited May 1, 2018 1:08am Apr 30, 2018 11:10pm | Edited May 1, 2018 1:08am
I'll make a stupid example, but realistic and practical: "Not all "Initial/Open Gaps" will be immediately closed." Full Stop.

"Not all the Gaps (breakaway, runaway, normal, exhaustion) will be immediately closed." Full Stop.
(On the contrary, they could well work as level of strong S/R: at their extremes or at 50%)


Do you like to trade in probabilities, statistics? Then try them all... you'll see the result in the end.
(It all will depend by how much you will win when right and how much you will lose when wrong!)

I prefer to follow and not to try and anticipate... and bove all I don't want (even worse) to lead, stubbornly.
  • #1,357
  • Apr 30, 2018 11:28pm Apr 30, 2018 11:28pm
What is going to happen to this Hidden Gap on GJ? (H1)
Attached Image (click to enlarge)
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  • #1,358
  • Apr 30, 2018 11:36pm Apr 30, 2018 11:36pm
I can't do more than that. Now I'm really saying too much.
I don't make predictions and I don't want to trasform myself in a Signal Service.

I would like to read some contributions, instead!
  • #1,359
  • May 1, 2018 12:54am May 1, 2018 12:54am
Quoting Piquant
...scream at me if I got that wrong...
Yesterday DAX m5... I don't see any Flag or Wedge, my friend.
Attached Image (click to enlarge)
Click to Enlarge Name: 1_05_18 9.45 dax monday open gap.JPG Size: 57 KB
  • #1,360
  • May 1, 2018 1:06am May 1, 2018 1:06am
We may expect a reaction in the "zones"...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1_05_18 8.22 GJ.JPG Size: 172 KB
Click to Enlarge Name: 1_05_18 9.45 dax monday open gap.JPG Size: 55 KB
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