Back to the Future – My Freewheeling Journal | Page 83 | Forex Factory

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Back to the Future – My Freewheeling Journal

  • #1,641
  • May 15, 2018 6:09am May 15, 2018 6:09am
Adele! She really knows how to trade.

...But it's you who makes me lose my head.
And every time I'm meant to be acting sensible
You drift into my head
And turn me into a crumbling fool.
Tell me to run and I'll race,
If you want me to stop I'll freeze,
And if you want me gone. I'll leave, just hold me closer baby,
And make me crazy for you.
Crazy for you.

Inserted Video
  • #1,642
  • May 15, 2018 6:12am May 15, 2018 6:12am
@978
  • #1,643
  • May 15, 2018 6:14am May 15, 2018 6:14am
Quoting dongsky
... why? walk us through your thinking process ~just messing with you mate
There's nothing to mess with, bro!
I know what I'm doing.
Simply a question of personal "Style of Trading" and different "Concept of Time."
  • #1,644
  • May 15, 2018 6:14am May 15, 2018 6:14am
13.000 banking!!!
Trade well. Trade always in control.
  • #1,645
  • May 15, 2018 6:33am May 15, 2018 6:33am
DAX @975 and now we will see the true market. Enjoy.
Remember: now Bears are furious!

And the same old story starts again... wash, rinse, repeat.
  • #1,646
  • May 15, 2018 7:09am May 15, 2018 7:09am
10 minutes well spent!
Inserted Video
  • #1,647
  • May 15, 2018 7:11am May 15, 2018 7:11am
Rhythm... there is no movement without rhythm!
Attached Image
  • #1,648
  • May 15, 2018 7:53am May 15, 2018 7:53am
Escalator up... Fast elevator down! Classic.
Stop hit... and I'll start again to build a line.

Green points to all. And cover always your back. Never fight.
  • #1,649
  • May 15, 2018 8:09am May 15, 2018 8:09am
Using my profit to attack with aggressive determination! (DAX m1)
@960 scaling out.
Attached Image
  • #1,650
  • May 15, 2018 8:12am May 15, 2018 8:12am
The last one I stole from Cindy. Brilliant. (Copyright paid, LOL)
Inserted Video
  • #1,651
  • May 15, 2018 8:20am May 15, 2018 8:20am
Banking.
And ready to scale again. Nothing more to demonstrate.
(With the mt4 I don't have the same flexibility I have with my Trading Station... damn.)
Attached Image
  • #1,652
  • May 15, 2018 11:09pm May 15, 2018 11:09pm
The Battlefield... with SOME lines. (H1)
Yesterday Close offers clears levels to observe, "patrol" and monitor.

Listen to Paul Tudor Jones again:
“Where you want to be is: always in control, never wishing, always trading, and always, first and foremost protecting your butts.”

Please, spend some minutes in deep meditation on each of the four points that Paul highlighted for us in this sentence.
Attached Image (click to enlarge)
Click to Enlarge Name: 15_05_18 mt4 m1 H1 - the Battlefield.jpg Size: 40 KB
  • #1,653
  • May 15, 2018 11:27pm May 15, 2018 11:27pm
My point? The message of these (boring) pages?

In the DAX H1 above there is a strong, classic Pattern.
That Pattern has classic, full proof, fixed rules about the best and safest way to trade it.
They are classical and codified rules.
(... the ones that I traded yesterday!)

Without the necessary education, without the indispensable knowledge you will remain (now and in the future) only a gambler.

Speculation could be a profitable profession... but only under specific conditions.
  • #1,654
  • Edited May 16, 2018 12:09am May 15, 2018 11:49pm | Edited May 16, 2018 12:09am
But traders must also remember that Market is an always changing environment!
Everything could be defeated... everything could always change in seconds.

Trading is not only to have an hedge and relative discipline in applying it.
Trading is to face ambiguity and uncertainty... and remain quiet and in peace.
This is possible, in my humble opinion, only if you have a pair of clean glasses that help you in reading the new informations incessantly coming in.

Mother Market is so complex.
Simple set-ups could never capture that, and they can never give you a true lasting edge.

So what's the solution?
Is the problem in the simple set-ups themselves? No, it's in how they're being used.
So knowledge... plus practice.
Experience in understanding the eternal action-reaction dynamic.
Humble experience and controlled, acceptable risk.

I really apologise... but with my poor and elementary English I'm not able to express myself in a better way.
And above all: I'm not teaching. I have nothing to teach. And I don't want to teach.
This is simply what I found in my personal journey.
  • #1,655
  • May 16, 2018 12:24am May 16, 2018 12:24am
Yesterday close on m1.
Just a fraction of the whole action.
The correct analysis of the Relative Comparative Forces on that ground.
Specific terrain... in space and time.
Yes... I see things in this chart. Mother Market is speaking.
Attached Image
  • #1,656
  • May 16, 2018 12:38am May 16, 2018 12:38am
Complete the picture... looking again at the D1.
Levels (Large and zoom in)
Last group of candles.
(Your own) Specific points of reference.
Attached Image
  • #1,657
  • Edited 12:55am May 16, 2018 12:44am | Edited 12:55am
And now trade well.

EDIT: please note that I didn't mention Dollar strength and interest rate!
I don't like to waste my scarce time... LOL
  • #1,658
  • May 16, 2018 1:36am May 16, 2018 1:36am
Quoting Jupiter
Yesterday close on m1. Just a fraction of the whole action. The correct analysis of the Relative Comparative Forces on that ground. Specific terrain... in space and time. Yes... I see things in this chart. Mother Market is speaking. {image}
Desperate attempt of the bears?
  • #1,659
  • May 16, 2018 1:47am May 16, 2018 1:47am
Quoting ruben7222
{quote} Desperate attempt of the bears?
We'll see.
Have your bias... I don't say "NO!"... but always ready to adapt and obey! That's it.
Bias formed following clear rules and strict facts... and change always on clear rules and never by opinions.

Trend forming
Trend comfirming
Trend established
Trend reasserting
Trend exhausting
Trend changing
Trend re-testing
  • #1,660
  • May 16, 2018 1:51am May 16, 2018 1:51am
Quoting Jupiter
And now trade well. EDIT: please note that I didn't mention Dollar strength and interest rate! I don't like to waste my scarce time... LOL
...
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