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Journal of a Struggling Trader like You - I am pannet1

  • #81
  • Jan 30, 2019 2:16am Jan 30, 2019 2:16am
Since it has been posted by Jupiter here, regarding FXCM UK Client Profitability figure, I've found interesting the following:

among all FX brokers in Latvia stating the figure over 70% as unprofitable accounts, there's Citadele Bank claiming "43 % no AS “Citadele banka”
privāto ieguldītāju kontiem zaudē naudu, veicot FOREX maržinālo tirdzniecību." So, just 43% of unprofitable. I'm to ponder on this more, maybe the reason is that minimum position to trade is 50K (scout size, in our terms = 0.5 Lot) and maximum leverage is 1:30, although one can start trading with 1K only. The percentage might be this low because only mature, experienced traders may step in. Then, 57% are profitable. Any ideas?
Not to Advance is to Fall Back
  • #82
  • Jan 30, 2019 3:25am Jan 30, 2019 3:25am
Quoting pannet1
... Master told to feel the trend ....
I feel ya.
I can hear you loud and clear, pannet1.

But how many misunderstanding about this verb? FEEL.
What I had paid and suffered for having tried to discuss that matter?
And for having tried to discuss about Stops and Cut Losses?
Ridiculous.
I'm sorry. So sorry. The double edge sword must be understood in depth. And is not for everyone.

Rather we all must learn to be always with the Trend and learn to manage good and strong attacks when we are right and in synch.
That is what fti teachings are about. Good heaven.
Not the contrary: to save our butts by our own stubborn mistakes. OK?

Now, I must oblige myself to quit writing. I'm old and I don't need (or deserve) another fight.
Each one of us is master of our own destiny.
We have freedom of choice: we could train ourselves as the best or die like the rest.

Dear fti...
  • #83
  • Jan 30, 2019 4:13am Jan 30, 2019 4:13am
Quoting Exnav
{quote} Hello Pannet, I'm glad to read that you succeeded in the funds withdrawal. As the broker choice could be considered, I can see that you are legally not allowed to transfer funds abroad. So you cannot fill a cross-boarder trade account. Otherwise there's plenty of options worldwide. On the other hand, since this is the only solution you have and you feel committed to trade, you must be a master in the sole pair, knowing and understanding her better than others here. E.g., I've been trading the Loonie on Fx sport. This and RUB must be very...
you writings are so eloquent.

my country equity/futures exchange is offering different kinds of data for different people (depending on what they pay). the best money can get is average tic data. i dont if its related to time (the average). that data is beyond my means presently. they also offered co-location to few people and i think they are trying to repeat the scams of the west.

luckily the commodity exchange is not doing such things ... but they definitely should be favoring a few. second its not 24 hours market and hence at least the open is rigged (or in sync with international to speak positively). also price could travel beyond the timeframe/price relationship we see on the short charts.

thanks for your comments.
  • #84
  • Jan 30, 2019 4:18am Jan 30, 2019 4:18am
Quoting pannet1
i committed mistakes after mistakes. without giving the trade its time to pan out, i prematurely exited the final +8 with few points. i was still left with 8 soldiers but then the entrancement became stronger and stronger. so strong that if i had left it, it would have been more than what i have managed so far (all trades combined). {image} more mistakes follows
gentlemen,

you did not ask the mistakes i committed after that !

i used the closed +8 profits to setoff the loosing +3. then reduced the -8 to -7. because my view changed to downtrend !

so my new scout size is -7 and i progress above with -7 (1x) and again with -21 (3x).

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  • #85
  • Edited 4:46am Jan 30, 2019 4:24am | Edited 4:46am
Quoting Jupiter
{quote} Dear pannet1, "struggling as me" fellow trader... my name is Franco so, please, let me be frank. No vested interest in me and with me. Really I have nothing to show up or to gain... in any sense. LOL Sometimes ago, worried about the continuous "mindset mistakes" and "enourmous misunderstanding" I was reading on Taf, I tried to expose my point of view and my personal interpretation about some points inside fti's teaching. I highligthed fti's quote and his true voice... not my elaborations/lucubrations. And I received what I received....
i will read again. something i am doing correct. otherwise how to even survive. some battles won and survived many (small profit). for now, it may be completely wrong as per master's teaching. but i survive and improve from here.

is that OK.
  • #86
  • Jan 31, 2019 5:37am Jan 31, 2019 5:37am
Quoting Jupiter
{quote} I feel ya. I can hear you loud and clear, pannet1. But how many misunderstanding about this verb? FEEL. What I had paid and suffered for having tried to discuss that matter? And for having tried to discuss about Stops and Cut Losses? Ridiculous. I'm sorry. So sorry. The double edge sword must be understood in depth. And is not for everyone. Rather we all must learn to be always with the Trend and learn to manage good and strong attacks when we are right and in synch. That is what fti teachings are about. Good heaven. Not the contrary: to...
i am checking if you have posted your journal ... but still can you please post your chart with an attack sequence.

there were some random people in between talking non sense without any hint of what master FTI was saying. imagine how much irritated he could have become and easily hated the real disciples. no matter whatever you say, i will not be offended. just ensure that we talk only about you and me. deal.

i am old too ... but not bold ... i think its good to be coward ... as the adage says.

i am all ears ... to what you have to say ... i am ready to accept what i dont know ... as i dont know .... and seek.

the rescue ended finally. started the sell scout with 7 micro lots and then reduced to almost 4. (more or less). finally the troop was home. a very small square off loss in the end.

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  • #87
  • Edited Feb 1, 2019 12:23am Jan 31, 2019 10:12pm | Edited Feb 1, 2019 12:23am
Quoting pannet1
just ensure that we talk only about you and me. deal.

I answer to your corteous invitation, just to conclude this, specific intervention.
This is what I posted the other day in front of some of your readers and that I deleted... to avoid a "cumbersome" presence.

"Crudeoil update.
NOW we can begin to discuss of possibile H&S... only now. 54.300/400 my broker.
Of course we need a clear validation of the Break. But we received a signal.
Again... my best wishes of good luck to all (me included, of course!)

D1 chart: Notice please the horizontal neckline and the weak shoulders... so be very careful.
Do you know where to expect the first organized resistance?
Be prepared."

Now... I'm alway talking of "possible" H&S.
Price pulled back from the neckline... so this is the NOW update.
The analysis in the chart presented is not complete. But is a good base to define the correct framework of the action.

I used two EMA, the classic couple 9&20, to highlight the move.
Each and every trader must have a profound knowledge in matter of Support & Resistance (Demand & Supply),
otherwise trading would be only gambing and not analysis.
That is what fti was talking about! Classical Technical Analysis. CLASSICAL!

Study with passion.
"Time spent in study is money already in the bank." - W.D. Gann (not Jupiter, Mr No one!)
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  • #88
  • Edited Feb 1, 2019 12:24am Jan 31, 2019 10:30pm | Edited Feb 1, 2019 12:24am
Head and Shoulders – Breaking the Neckline.

Maybe I have to be more clear and explicit
The Head-and-Shoulders is not complete, and is not conclusively signaled
until the neckline has been penetrated by an important and significant margin.
Until the neckline is broken, a certain percentage of Head-and-Shoulders developments,
simply flounder around listlessly for a period of time in the general range of the right shoulder,
eventually firm up, and go in previous direction continuation...

Again and always, fti's main message: "Be Prepared!" ... and don't assume anything.
Each candle add new info. Just follow the development and react.

Price leads... not the Trader's wiil or hope, need! or desire.
Price doesn't care a straw about you and me!
  • #89
  • Edited Feb 1, 2019 12:43am Jan 31, 2019 10:46pm | Edited Feb 1, 2019 12:43am
M15... MY chart. Inside The Battlefield. A closer view of the troops movements on Terrain.
So what's going on?
What are the Levels at play... and the different possibilities?

"Preplanned Sequences and Extemporaneous Respose" is fti's recommendation.
But what that means in details?

Bye, pannet1. Hope all that makes sense.
Have a nice day and trade well: always in control.
We control our position, not the Market.

P.S. As I said, I'm a DAX Trader.
I enjoyed to play this particular up move and this was my first trade on Oil.
But I didn't like the experience... maybe 'cause I don't know the instrument.
Anyway and however...
too many gaps and hidden gaps. (but these days we have a lot of them also on DAX, unfortunately)
Too much for my tastes. I don't feel comfortable in these conditions.
Thanks, pannet1 for this adventure. Interesting.
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  • #90
  • Edited 11:24pm Jan 31, 2019 11:07pm | Edited 11:24pm
Quoting pannet1
can you please post your chart with an attack sequence.
I have posted hundreds of trades on different threads, my friend.
Always and rigorously LIVE.

I refused to discuss about "Rescue Missions", for evident reasons.
I stressed just and only the concept and the practice of Attack and Managing Positions in front of the enemy.

My scouts are right 90% of the time. Full Stop, new line.
I know how to reallign myself to the NOW TREND... I learnt this by fti! OK?

This is my last trade. And my last attack: view on m1 (1 minute), yesterday afternoon, DAX reversal during WS session. (200sma)
I took my profits at the close of the Day and left some men on the terrain, overnight.
Now they are waiting for my instructions... (LOL.. I love fti's similes/metaphors)
I don't trade m1. I just start there! And I try to be a Trend Follower.
Wash, rinse and repeat. Day after day.
Boring life. (It took me "some" years... )

That's all. Nothing new: old as the hills.
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  • #91
  • Edited Feb 1, 2019 1:35am Jan 31, 2019 11:30pm | Edited Feb 1, 2019 1:35am
Quoting pannet1
i am all ears ... to what you have to say ... i am ready to accept what i dont know ...
I already wrote it all down: what I think and what I do. (OK... almost all, LOL)
I failed (no one was interested in the conversation) and I'm tired of what I read every day on FF.

Just: "Respect fti's work!". This is my earnest, heartfelt message.
And study, study, study. Kill yourself studying the Right Things... right authors and books... Livermore, Gann and Wyckoff (and related.)
Hugs and love the Markets.

(Did anyone notice the Pattern on the above m1. No? Stop trading! )

(Does anyone know what is a Kilroy Bottom? No? Trading has an history!
Buy the right books and don't waste your precious time on FF!)

Inserted Video
  • #92
  • Feb 1, 2019 12:41am Feb 1, 2019 12:41am
Quoting pannet1
{quote} there were some random people in between talking non sense without any hint of what master FTI was saying
Hello Pannet,

Once again thanking for your kind invitation, I'm stepping back until I'm able to draw pictures or open my own journal to express my MO there in detail. As I wrote earlier, I'm in a testing mode on a tiny account now and have been opening new ones to re-launch likely next week. I'm currently travelling abroad (hobby as well). I think Jupiter has done a great demonstration here as well as he does hold his Journal (at least he certainly did and I used the opportunity to learn there some time last year). If I may, you could also look at some real-world journals by Phil13 and Dongsky.

Wish you all the success in your trading journey.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #93
  • Feb 2, 2019 7:25am Feb 2, 2019 7:25am
Quoting Jupiter
I know how to reallign myself to the NOW TREND... I learnt this by fti! OK?
first and foremost, my apologies for late revert. i am down with severe cold.

how do you do this can you please explain with an example.

the problem was i was expecting an image like this
Attached Image



Quoting Jupiter
This is my last trade. And my last attack: view on m1 (1 minute), yesterday afternoon, DAX reversal during WS session. (200sma)
I usually spot the reversals when they waves reduce and there is an engulf. i am referring particularly asking about how you picked this bottom. this is the first change in the wind.


Quoting Jupiter
Boring life. (It took me "some" years...
The striking similarity of successful traders is that they all are bored. only loser are so thrilled and grim.
  • #94
  • Edited 11:49am Feb 2, 2019 10:00am | Edited 11:49am
Quoting pannet1
. the problem was i was expecting an image like this {image}...

That's it. Here we are.
It is exactly the answer I was waiting for. I was sure of that. I was prepared.
So this is going to be a controversial and debatable post.

I wrote a long answer.
Then I deleted it.
The truth of the fact is that I'm not interested in this kind of debate anymore...
I had my conversation with fti in person and I am (fully!) satisfied! HE (capital letters) gave me HIS judgement on my MO.
Sorry for having disturbed your narration.
Don't mind me. I'm not here.
All is in the thread.

A last thought.
A trading philosophy is something that cannot just be transferred from one person to another,
it's something that you have to acquire yourself through time and effort.
  • #95
  • Feb 2, 2019 12:08pm Feb 2, 2019 12:08pm
Quoting Jupiter
So this is going to be a controversial and debatable post.
no way General. i am seeker. I really appreciate your effort at your age. But that is an insult to you. You are very energetic than most of the people half your age, I guess. At least in my culture.
  • #96
  • Edited 11:37pm Feb 2, 2019 12:10pm | Edited 11:37pm
deleted
  • #97
  • Feb 2, 2019 12:18pm Feb 2, 2019 12:18pm
i read your long reply. so from memory

111, 112 and 113

looks like an attack sequence ... that is getting stronger from left to right.
if i am even on the weekest of the 3 attack sequences (1,1,1) .. while into the 3rd sequence if a wave moves against me then 3 (1+1+1) is to be rescued. I am not in that kind of mindset yet. i am only prepared to rescue 1x (scout), if needed.

(or)

should i be nimble and exit part of it when it move against
  • #98
  • Edited 11:38pm Feb 2, 2019 12:43pm | Edited 11:38pm
Quoting Jupiter
"Preplanned Sequences and Extemporaneous Respose" is fti's recommendation. But what that means in details?
So sequence is pre-determined and not the price and time. We may not enter the full sequence if the trend type does not allow us. I am i right.my first trade on Oil.my

Quoting Jupiter
first trade on Oil.
US Oil is almost 24 hour market with my (demo) broker. But your broker's chart seemed different that day.

Another instrument CRUDE oil is traded in our exchange is from 10.AM to 11.30 P.M. They make some adjustments when opening and i dont like it too. I am supposed to finally trade in this instrument after my training is over from Generals.
  • #99
  • Feb 2, 2019 10:35pm Feb 2, 2019 10:35pm
Quoting Jupiter
Trading has an history! Buy the right books and don't waste your precious time on FF!)
Engish is not my first language and that is really not an excuse. You all write so well.

History How ?
Can you give a brief of that.

Dont have the strength to read any of the trading systems and black boxes. Never was interested in them. it becomes difficult to find gems of FTI after the 200 pages because it gets buried with video songs. But i will not give up.

This was a rescue .... 5M price action. did not allow me to hold on to the trade.
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  • #100
  • Feb 2, 2019 11:05pm Feb 2, 2019 11:05pm
Quoting pannet1
{quote} Engish is not my first language and that is really not an excuse. You all write so well. History How ? Can you give a brief of that. Dont have the strength to read any of the trading systems and black boxes. Never was interested in them. it becomes difficult to find gems of FTI after the 200 pages because it gets buried with video songs. But i will not give up. This was a rescue .... 5M price action. did not allow me to hold on to the trade. {image}
if the same was my attack. how i would have played. i am either early or late

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this is where i need guidance.
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