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Back to the Future – My Freewheeling Journal

  • #1,701
  • May 16, 2018 10:44pm May 16, 2018 10:44pm
Quoting Piquant
... Ok I'm getting more and more confused... don't think I'll be able to see the market the way you do in terms of complexity and relation between the dynamics ....
Let me call a spade a spade...

This is the reason why the destiny of the Average Trader is to fail.
This is the reason why I have to stop writing here.
  • #1,702
  • May 16, 2018 11:21pm May 16, 2018 11:21pm
Quoting Jupiter
{quote} Let me call a spade a spade... This is the reason why the destiny of the Average Trader is to fail. This is the reason why I have to stop writing here.
Why?

for many your writings are really enligtning and helpful.
  • #1,703
  • Edited May 17, 2018 12:28am May 16, 2018 11:23pm | Edited May 17, 2018 12:28am
My arrogance?
My religious integralism?

I spent a good part of my life in advertising.
Words are important to me... this is why I suffer this much from my elementary English.
This is why I can't stand Forex Factory anymore.

When I started this Trading job, I asked myself what "Speculation" truly means.
What ARE (plural) the real, proper and very meanings of the verb TO SPECULATE... what the etimology.
And I go searching... searching... searching.

The other day I bumped in these sentences:
Quoting darko2010
... Interestingly, speculation comes from Speculat, which translates i something like observing from a high vantage point.

Quoting mag00
... spècola s. f. [from the lat. specŭla «observatory», der. of specĕre «to look, to observe»]. -

FALSE! WRONG! It is not true... the origin of the word Speculation is not in specola/speculat.
But what are the consequences of this wrong interpretation/assumption?
The nail, the horse, the war lost!
A mindset destroyed! A wrong perspective! Probably on everything.... I dare say.
And...?
And I am here yelling and screaming: "Don't speculate!". "Don't try to predict!" "Learn to follow!"

It is so easy to be misleaded and to be misleading.

How difficult it is to really understand each other.
How much care and attention do we have to put to really understand each other?
How much care do we have to put to have the right attitude in front of the Market?
Am I right or wrong?
  • #1,704
  • Edited May 17, 2018 12:30am May 16, 2018 11:28pm | Edited May 17, 2018 12:30am
For the answer about the word Speculation...
you have to ask Tommaso d'Aquino (the Doctor Angelicus) and Bonaventura da Bagnoregio... plus some Medieval Glosses.
Good work.
  • #1,705
  • May 16, 2018 11:38pm May 16, 2018 11:38pm
Another day on the Battlefield is going to start. And nothing change in the correct mindset.
Market is speaking.
D1 close.
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  • #1,706
  • May 16, 2018 11:41pm May 16, 2018 11:41pm
M1 close. (Very similar to the previous one.)

(Thanks Mummy for your suggestion of yesterday (my) evening.
And "Bravo" to me for having left my Ego apart.
I had a good, nice and elegant exit! Indeed. Thanks again.)
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  • #1,707
  • May 16, 2018 11:42pm May 16, 2018 11:42pm
Quoting Jupiter
My arrogance? My religious integralism? I spent a good part of my life in advertising. Words are important to me... this is why I suffer this much from my elementary English. This is why I can't stand Forex Factory anymore. When I started this Trading job, I asked myself what "Speculation" thruly means. What ARE (plural) the real, proper and very meanings of the verb TO SPECULATE... what the etimology. And I go searching... searching... searching. The other day I bumped in these sentences: {quote} {quote} FALSE! It is not true. But what are the...


Well my native language is also not english, it is acually dutch, But i dont think your english is that misleading, but if we dont interpret your words Like we should the market Will adress our wrong thinking until we get it right.

so Just Like in the market its not that you are telling us wrong things, its our faillure to comprehend it.
  • #1,708
  • May 16, 2018 11:52pm May 16, 2018 11:52pm
Quoting ruben7222
its our faillure to comprehend it.
The biggest lesson fti gave me... "You will always see what you want to see."
  • #1,709
  • Edited May 17, 2018 12:12am May 16, 2018 11:57pm | Edited May 17, 2018 12:12am
Quoting Jupiter
I had a good, nice and elegant exit! Indeed. Thanks again
Abandon your ego... drop your ego away... and want what market wants.
This is true for both: a winning trade and a losing trade.

(and for my presence here.)
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  • #1,710
  • May 17, 2018 2:59am May 17, 2018 2:59am
what a nice day if you hadn't bought at the very bottom 5s and 3s
it seems to want to push higher
at the same time we're right at a resistance
maybe needs a little drop before shooting up
I don't know I'm just trying my best to follow
...
  • #1,711
  • Edited May 18, 2018 12:10am May 17, 2018 11:13pm | Edited May 18, 2018 12:10am
Quoting Piquant
But to feel the flow you need to have a technique or some sort of tool don't you think ?

This was a very nice and well written post. I can't agree more.
I'm very, very happy about this.
So my message is comprehensible enough!
Correct mindset is the foundation of future, successful growth!

Try to have a look at some fti's live trades... you will discover pure technique.
Reading of the Opponent's moves (and what are they?) and constant adjusting of your own troops.
Reading of terrain micro changements (and what are they?) and constant response.
Concept...
Technique.
Essence and Spirit... you see, you are able to see what is going on and so you are able to respond!
Read again the experience I wrote about in post #7: why I did it? What was I trying to deliver?
Search for an fti's post where he describes (trading together with me, side by side) how to trade an Head & Shoulder Pattern!
If you don't know the Pattern how could you be able to trade it?

Patterns are created! Created by Market Makers and Traders interaction: necessity and sentiment!
And on the Market Battlefield they are always the same (in infinite possible variations of the same scheme)

Please... note that I'm referring to concepts larger than the common ones: I'm talking of models and behaviours!
That is much more than the classic continuation/reversal patterns...
What do we do by looking at a chart?
We try to recognise signs... we try to understand a foreign language.
(What is doing fti with his drawing on his charts? LOL! )

So study with passion and... don't speculate!
Repent of your sin. Prediction is the Mortal Sin. Learn to follow: learn how to dance THE DANCE.

PS... one minute of meditation, please. Read these:

He is inclined to speculation;
He seemed to me immersed in deep speculations.
It's just a speculation.
It is a pure speculation without any proof.
That is an intellectual speculation.

Do these expressions in modern language (and not in Late Latin or Old Italian) sound positive at your ears?
Do you see any "high vantage point" or any "observatory" in them?

But mine is just a speculation...
All my serious respect to the fellow traders who wrote these... don't mean to offend you.
  • #1,712
  • May 17, 2018 11:45pm May 17, 2018 11:45pm
This is what I'm trading on GJ. (MA = sma200)
Do you see the Reversal? Down Trend... Up Trend?
Do you remember CindyXXXX Patterns?

OK... do you wanna trade a Correction? OK.
But are you able to recognise/identify it as a Correction?
Which one is the Action and which one the Reaction?
Who is in control in that moment?
What is the Trend that you want to trade?
Do you know what are you doing?

I doubt it. But who am I to judge? You decide. You can train yourself like the best or die like the rest!
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  • #1,713
  • Edited 1:34am May 18, 2018 12:46am | Edited 1:34am
Quoting dbrown101
FTI: "There are many lessons in markets, cannot learn by making terrain. Need adjust to it. You talking specifics. I cannot talk to you specifics. was situational examples. and they not even real, just the feel flow as at. you can understand? when you try learn by disecting you becomes rigid. learn it from the flow, from the situations. Was just he moved i responded , he moves i responded, because i market maker(vested interest)"

This is why we use SCOUTS! This is why we don't predict but, instead, REACT!

Yes, tell me... this is the discussion I wasn't able to obtain. What do you all read amongst these words?
A justification of collective ignorance?
The use of your guts or bottom of your pants or tea leaves or the rubbing of the above crystal ball?
Does to go with the flow means maybe to chase the price?... Now is going here... now is going there?

I tried one thousand times to explain what the "Livermore Probing Method" is!
But all the fti's readers are much more interested in how to rescue their WRONG trades!

On the contrary, I am interested in Retailers' Stop Losses!
  • #1,714
  • May 18, 2018 1:45am May 18, 2018 1:45am
I mean this way! DAX H1: overnight plus full force in ten points! And now Banking! Thanks.
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  • #1,715
  • May 18, 2018 2:02am May 18, 2018 2:02am
Study & Practice... Knowledge, Discipline & Determination. (DAX m5)
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  • #1,716
  • May 18, 2018 2:04am May 18, 2018 2:04am
@108 banking some.
Thanks again.

Trade well.
  • #1,717
  • May 18, 2018 2:06am May 18, 2018 2:06am
Mick Taylor.
Yes, star crossed in pleasure the stream flows on by
Yes, as we're sated in leisure, we watch it fly
And time waits for no one, and it won't wait for me

Hours are like diamonds, don't let them waste
Time waits for no one, no favours has he

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  • #1,718
  • May 18, 2018 2:19am May 18, 2018 2:19am
Wash, rinse, repeat... and don't speculate! Facts and not opinions.
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  • #1,719
  • May 18, 2018 2:48am May 18, 2018 2:48am
Quoting Jupiter
Study & Practice... Knowledge, Discipline & Determination. (DAX m5) {image}
still can't figure out how you do it going short right at the top I only knew something was off with long bids after London open where price fell a little too much breaking all supports down below and printed that candle with a long wick went short there but bailed out - lack of knowledge lack of practice - but hey I'm learning to follow the "flow"
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  • #1,720
  • Edited 3:10am May 18, 2018 3:00am | Edited 3:10am
Quoting Piquant
still can't figure out how you do it going short right at the top
dbrown101 did a good job and he posted two fti's gems.
We must understand them and ponder on them... not only give them a quick reading!

Quoting dbrown101
FTI: "His modus operandi, is to "duck and move quickly" so as to have a better average on the up swing towards stops to maximise his shorting near the top of the swing. This scenerio is most effective if there are stop near levels where he las a large order to sell, where he can help the customer sell OB and "kill the sitting duck stops" in the same blow. Another senerio is where by the heavy selling is CB levels or specific sell zones, where many teir 1 are ready to pounch on the buyers. You must understand that only tier 1 and some big tier 2...
Maybe it's too complicated... read it again. How many times I talked about that in those pages?

But the main problem is another. Is it correct and profitable to teach Market Makers techniques to (unprepared and incompetent) Retailers Traders?
Again... let me call a spade a spade. I have to... gee.
All this thing is a double edge sword.
The road to success... or to ruin and sure death. (God forgive me...)
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