Back to the Future – My Freewheeling Journal

That's all. Really. Dax H1.

Scaling out and Banking some profit.

This is why I wanted to trade live, naked in front of you... ROFL

So... What I really think? From the deep of my heart? In a fraternal last message?
After years and years of study and screen (as a miserable retailer, without the education in a Bank or in a Fund...)
this Trading thing is more or less doable!

The question that TO ME remain strategical is: one mistake is sufficient and enough to destroy months of ants' job.
One second of distraction, lost of focus... or void of memory and reaction ability... and you are boiled!!!
That's the hard, toxic part to me... not the humble student part that is a pre-requisite.
The error is in fighting, in the mistaken thinking that all positions could be "salvaged" or (oh my god!) in this "averaging/hedging" sick and dangerous idea!

This is another thing that is impossibile to explain to some of the fti readers...
What is an OUT OF TIMING position and what is a COUNTER TREND position? There's a big difference between the two!

Of course, about me... I'm perfectly aware that my style is MORE than simply "Demanding" and "Not for all".
So, please understand Paul Tudor Jones. Clean your mind and cover your butts... always.

This is Mimi.
My guardian and my friend.
She really watches over, takes care of and protects me. Unbelievable.

075 yes or 075 no?

@080... come on Mummy! Push.
When you are on the right side and well positioned... it could be fun!

076... LOL Thanks.

Oh... 075! I have lost one point!

075... the edge of the cliff. Ready to attack! If, in case... etcetera.

One must learn how to ride a Strong Trend. It needs practice.

New York is here. Careful. Possible reaction, counter move, hunting and so on... who knows.
Leave some distance to the price. Stay away from the front line.
They need to retest 072 - 075 from below... so careful. They could also extend the move at 085...

Now you decide.

oh yes !
but for the rest of us miserable sore losers/retail traders it isn't

not intended to turn this conversation into a dark corner, but like you said the one second of distraction lack of focus or confusion can really get you ! if you're playing god quote FTI or do not respect the risk that's involved it can really take you into a dark dark place I'm sure most of us have been there judging by the popularity of the thread "suicide and forex" even if one is risking a capital that he/she can afford to lose if you aren't trading with the right mindset you can still find yourself in a deep dark hole.

Yes. Agree. IS WHAT I WROTE!
But what I mean is that...
You could learn something about key levels of S/R and you could safely played from them and/or toward them.
With a tight stop!
Now...
at 120 we had the retest and the failure...
at 075 you saw the cliff...
at 060 you saw the Bulls working.
You could well decide a safe move. I gave you some hints. So it is up to you to decide... and manage... and accept a correct risk.

Meanwhile I'm scaling out! Damn.
Bulls are digging their trenches on the Central Pivot Point. Waiting for Wall Street. Told ya.
My mindset: If they want to pass, I let them pass. No fight, for me.
Quiet and calm. Relaxed. Stop in place. Enjoy the show... we'll see. Levels are clear.

085 - if bears are serious they are here... otherwise we'll see.
Next 095... and so on. Trial and err.
Who knows how many orders are there? Surely not me!

Follow. Support 070.

I hate Wall Street... DAX H1
Anyway Bears were at 93!!!

Scaling out and banking some... letting run the rest!

After 6 minutes.

@13.056

After 5 minutes.

@13.050

@13.045 Good surfing to all of you. DAX H1.

P.S. I don't count Waves. Never. But I think it must be clear where we are inside the Elliott Wave.
So enjoy the ride. These could be safe points.