Back to the Future – My Freewheeling Journal

I let my mind to develop a strong bias...
and I don't like neither fighting nor gambling.
So I'm thinking to do a good exercise of Discipline and Humility: I'll call it a day.

fti #55286 - " ...is a matter if I can dance the dance, cope with market or if I am flat footed with bias and paralysed."

KA-BOOM.... 20 minutes after my previous post!
That's it... ... nice collective lesson! MARKET IS ALWAYS RIGHT!
I didn't want to obey at what I was seeing... and that is the punishment! A good move missed!

As I said nothing to hide... here. That is "Trading!"
Those the problems we are facing on the battlefield.
And, as I said, unfortunately I am stll half human. And, moreover, writing and trading in the same time is not so easy, I must admit.

Who is shorting?

Come on... who is shorting? Is there anyone...?

I rarely (very, very rarely) play Breakouts. So I regularly lose these violent, direct moves.
And, if I have not clear Pull Backs, I prefer not to enter chasing price.
It's the technical limit of my approach.

DAX m5

- My Biased Target (Too strong and stupid EXPECTATION!)
- the Bulls' FAILURE
- a strong move in possible formation

Translation... I was waiting to play a stupid correction against a STRONG DOWNTREND... and re-enter short from 050.
Those are the risks in doing that...

She went down in Breakout... and I'm not a Breakout trader. Nothing to be ashamed about.

Thanks again for your LIKES, LiboCop.

My hesitation at Support around 920 (as I told yesterday)... seeing and sensing the possibility of a tough and violent breakout through the sitting DUCKS.
I went out for a walk to clean my mind... but I couldn't do it... LOL

Fell asleep while dax was travelling to my weekly target 261 fib

Have to adjust my sleep cycles

I know, I know... It's a powerful pattern.
Told ya... too big an Ego! unfortunately one must be right from the beginning... to have the force to sit tight!

Anyway nice day. This German girl is always so technical even in her wilderness.

I hope I gave to the readers also some hints about how to govern our "monkey mind".
If you feel something weird... jump out or don't play!
Let Mummy do her job... respect her and obey. OK?

Yeah sometimes i recognize the battlefileld but then i am a lazy roman emperor telling his generals "there is the enemy go and have some fun" while i drink wine and eat grapes

lol
but that sounds like a good frame of mind to have for some +me.

Two hours before Frankie and I'm here trying to understand and examine my yesterday's mistakes in deep details.
First of all I'll give you the sentence the save my butts hundreds of times Hang it near your screen...

"NEVER MIND THE CHEESE. LET ME OUT OF THE TRAP!" - M.Covel

Second of all: this is perhaps my number one rule...
"DON'T TRY TO MAKE A PROFIT ON A BAD TRADE. JUST TRY TO FIND THE BEST PLACE TO GET OUT."


Think always that you could be wrong or Mother Market could change her opinion.
You are always wrong until Market proves that you are right. (One must meditate on the meaning of that and on its consequences, moral and operational)

And now the hard and tough part... how could I answer and explain my mistake
(Can I do it? How?... cause I don't want to remain silent. I'm really trying to do a good job on these pages.)

- Even if (I dare say) I have a good set of Rules and a good mental level of clearness... I struggle everyday against my scorpions, as every trader does and must do!
One surely could say anything about me, all sort of judgements... but not that I'm fake and falsified (and these days demonstrate it.)
dongsky and deltaone are right: I'm too sensitive and sensible. LOL

- We can discuss about Gaps and Gaps' close ("Not all gaps are there to be immediately closed!")
- We can discuss about the correct risk quantification and the correct use of stops (and stop orders! or mental stops!)

But I can't discuss in a public Forum -full of lurkers and scammers- about "Efficiency/Inefficiencies", "Price Delivery" and the "Reality" of the High-Low Dynamics.
And surely I don't want to discuss (in any way, absolutely...) my particular and personal ideas about the RESCUE stuff.
I presented the matter to fti, I had his answer, I tried via PM to go in deep but didn't get replies.
What I want to say about is already on the last posts on TAF.

I can only say to you that looking at charts very probably I would do the same mistake again...
That is Trading!
To be completely OBJECTIVE in getting Mummy's signals... is neither easy nor simple.
FACTS and NOT OPINIONS is the Rule... and I had an opinion! That's right.

But be sure that the signal is there... on our chart! Gee, as always. That's the sad truth.
Don't care about who is talking of bad news from Germany car manufacters and/or Trump messages...
The move was there and I didn't accepted the signs. That's all about it.

The important thing is -anyway- NO LOSSES! (Cut Your Losses)
If you try to play corrections you must be very, very nimble as I did.

If you respect Mummy you could well be wrong without any account damages!

I play much better when I trade in the now.
+120points banked. dax m5