Journey to consistency

Well... "like there's no tomorrow"... Could it be the source of the next misunderstanding?

Quoting Piquant

Disliked

Looks like I've got more books to read on pattern formations, compounded pattern ?

Ignored

fti #1341 - "Learning patterns is a life long pursuit."

- How many hours of screen does an aspiring trader need to begin to see things happening?
- Books are essential! (The right ones...!)
- Not all is on books! Anyway the serious student will need to connect the dots of the puzzle by himself.

within a certain time period I meant to say.


Of course !

Yes, there is a lot more.
Yes, Mother Market offers immense possibilities to each one of us.
BUT the serious student must stay (strongly and firmly) attached to the Basics!

Trying to feel the pulse...
surprisingly not too bad.

@all

Stay to the Basics.
Don't kill yourself searching for Unicorns...!
Slowly.

The scale on my chart is 50 points! WATCH OUT! One second of distraction and one is dead on this terrain!

not quite in the rhythm
but I didn't go against the tide

I am aware that the trend is up for now at least.
You really have to "feel" along with the right technique.
Tried trading that retrace off of resistance.
Not easy.

"One second of distraction and one is dead on this terrain!"

Absolutely!

but you really must know where to buy and where to sell!

the trough
we'll see.

oops.
fear damn you.

Big conflict on the battlefield...
Active disagreement and big hands at work.

Just be very careful.

Deleted again... and again. Sorry.

why ?!

I probably have overlooked many things yesterday
My rules sometimes paralyze me from taking the right action I become too rigid
I often tend to forget that there are variations and that nothing is set in stone

Is this also a stage where one must forget all he has learnt and start from afresh ?

I really don't know - anything.

But yesterday I did get that "feel" part - partly I guess you could also interpret that as I was moving along with the rhythm.

Coming in at Frankfurt open I had no bias although I knew the overall trend was down I was prepared for correction up, but once the session had going mind went all blur (I even said uptrend at some point I still don't know if it was a correction for that down move or uptrend there was a high trough and I had to follow) and all preconceived plan had gone out the window and I just had to deal with what I was given in that moment - and I think at the end of the day that's a pretty accurate summary for this profession.

I mean you can be prepared for A, B, C but you always find yourself dealing with a whole new set of scenarios than what you have prepared for. Yes I can see how 1 can be lost in a deep hole without "the basics" or the "right technique" - feeling alone can only take you so far. But purely speaking from my own experience feeling along with the right technique seems to be the right combination. It's one thing to read what someone's gone through but its another thing to actually experience it yourself. Maybe this is where I'm at ? Maybe not, we'll see.

... and you write down the answer to to the above question "Why?" by yourself.
Good job, if I may.
Now you must profit from this introspection.

Re: What people doesn't want to understand.

Richard D. Wyckoff - ... not me!

"I had now spent the greater part of seventeen years in Wall Street
—as a boy, clerk, silent partner and managing partner in Stock Exchange houses.
But with all I had seen, studied, and observed, I had yet no well defined plan or method for money‐making in the stock market,
either for my clients or for myself."

wow.

that perfectly summarizes where I'm at, at this point in my journey and I bet for many others who've been in the game far longer than I am as well.

I just don't have a clearly defined rigid rule anymore, but just seem to be "trying" to go along wherever she decides to go. How ? I don't know, peak and trough yes but again nothing is cast in stone as we've seen from your entry at the very bottom yd midway through Frankfurt, perfect entry ! but according to classic high trough high peak we weren't there yet. I'm sure I missed more from PA but would it be inappropriate for me to say that I felt it was going to go up right then and there? I felt that gravity was no longer puling it down but up ?


I don't know,
If there's one thing that I've learnt to the best of my ability from this endeavor is "uncertainty"- that I can never be too sure about anything. I still don't know if I love it or hate it

What if I stated that the Yesterday's Chart was pure PERFECTION?

And I mean "Technical Perfection"!!!

Yes I surely have missed more.... that's what I am sure of.

Scaling out!!!