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Journal of a Struggling Trader like You - I am pannet1

  • #101
  • Edited 1:05am Feb 3, 2019 12:06am | Edited 1:05am
Quoting pannet1
i read your long reply. so from memory ...
So - unfortunately - it's better to publish my original post, just to avoid other possible misunderstandings.
The premise of what follows is that I enormously suffered the rigidity typical of some TAF interpretation.
And the general lack of preparation in discussing the matter. OK?
Hard words, I know.

Quoting pannet1
... the problem was i was expecting an image like this {image}....

Sir, don't ask me. I have nothing to teach.
Draw your own conclusions from what you see and what you have read.

> The Principle, The Concept, The Idea offered by fti.
> A rigid interpretation of the formula opposed to its flexible application.
> What 111 112 113 actually mean (and what - differently- fti is doing in that sample, stressing a single leg)
> When a quick attack with "scaling out exit" is required and when not.
> The infinite variations of execution and possibilities
> The fact that no trade is like the others and I posted hundreds of trades.
> My personal comfort
> You don't know the value of my entries and what I was searching and doing... you can't understand how many points I bagged.
> You apply your expectations... so just (false) beliefs.

etcetera...

It is only a list of little things you forgot... cause you are not asking but judging!
As I have already told you, I'm not interested in the debate anymore (especially with TAF people).
The point is, Sir, that you – guys and girls - forget the main fti's lesson... the correct spirit of all this story.
fti #89 - "I give you the sketch and you fill in the colours, make it your own painting. .."

What the men did with the same 7 notes?
Someone prefers to reduce them to 5 notes. Do you know the blues and the pentatonic scale?
Someone else preferred to expand them to 12. But they didn't have too much success.
Etcetera...

Don't carbon copy me... said someone! Guess who.
And imagine that he wanted to remove that chart precisely so as not to create rigidity through the example!

About the rest... trend, trend change, technique of reallignment, candlesticks, reversal candlesticks and other stuff....
my answer is always the same.
Study!
There are no secrets. Everything was already written somewhere.
  • #102
  • Feb 3, 2019 12:22am Feb 3, 2019 12:22am
Quoting Exnav
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).
THX...but:
> without an adequate preparation.
> without an open mind, ready to receive and ready to accept.
> without a sufficient experience on the Market and on foundative knowledge of the forefathers books
... it is absolutely impossibile to catch the greatness of what fti has done in his effort.

Reinforce the theoretical base and everything will come to you much more, more easily.
  • #103
  • Edited 1:04am Feb 3, 2019 12:47am | Edited 1:04am
Quoting pannet1
this is where i need guidance.
On the contrary those are the things that I love...
I tried to have fti doing things like that....
and once we did it - as a collective - about an H&S forming....

OK... this is what is important to me (FRANCO!)... in the chart you presented.

Premise: READ THE FORM.
knowing that pattern (see dbrown101 journal last posts) - this one is EVE+ADAM
Knowing how it could work and develop.
Knowing how to trade it.

Without these three elements a serious discussion it's impossibile. Anyway... here is the chart and the points to understand.
Don't ask me why. You must get there by yourself.
Study.
Study and Practice. (For some years!)
Bye
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  • #104
  • Feb 3, 2019 1:14am Feb 3, 2019 1:14am
Quoting Jupiter
"Preplanned Sequences and Extemporaneous Respose" is fti's recommendation. But what that means in details?
Quoting pannet1
{quote} So sequence is pre-determined and not the price and time. .
Last one... I swear,

If... (so and so) ---- > then... (this and that)
Otherwise... (this other one: plan B and possibly plan C and D )

plus.... the ability to improvise out of the schemes, when requested by the external conditions.


But you have to understand and absorb this other simile used by that Genius that fti is!!!!! The Blue Angels.
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  • #105
  • Feb 3, 2019 3:09am Feb 3, 2019 3:09am
Quoting pannet1
{quote} if the same was my attack. how i would have played. i am either early or late {image} this is where i need guidance.

your first entry is simply the first wave ...does that make a difference to you and what you would do ?
check out the terrain - follow never lead
  • #106
  • Feb 3, 2019 8:14am Feb 3, 2019 8:14am
Quoting alexandria
{quote} your first entry is simply the first wave ...does that make a difference to you and what you would do ?
hi alexandria,

thank you for your kind attention.

its futile to dream of attacks when what i have is mostly rescues. but here is an attempt. same chart. in an uptrend ...

whenever there is an entry ... a pivot is formed below ... if this is broken ... then the NOW needs to re-aligned for rescue or scale out. then this becomes simple to begin with.

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  • #107
  • Feb 3, 2019 9:01am Feb 3, 2019 9:01am
Quoting Jupiter
{quote} On the contrary those are the things that I love... I tried to have fti doing things like that.... and once we did it - as a collective - about an H&S forming.... OK... this is what is important to me (FRANCO!)... in the chart you presented. Premise: READ THE FORM. knowing that pattern (see dbrown101 journal last posts) - this one is EVE+ADAM Knowing how it could work and develop. Knowing how to trade it. Without these three elements a serious discussion it's impossibile. Anyway... here is the chart and the points to understand. Don't ask...
Thanks Jupiter i will look at it.

the hourly line chart (with bars superimposed ... not necessary though) channels drawn connecting the LL and LH had worked wonders. This channel was drawn long before friday, but look where it closed.

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  • #108
  • Edited Feb 4, 2019 12:22am Feb 3, 2019 10:02pm | Edited Feb 4, 2019 12:22am
Quoting pannet1
{quote} hi alexandria, thank you for your kind attention. its futile to dream of attacks when what i have is mostly rescues. but here is an attempt. same chart. in an uptrend ... whenever there is an entry ... a pivot is formed below ... if this is broken ... then the NOW needs to re-aligned for rescue or scale out. then this becomes simple to begin with. {image}
Text deleted... because useless! As I said, I don't need another fight.
End of my humble and fraternal demonstration.
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  • #109
  • Feb 3, 2019 11:40pm Feb 3, 2019 11:40pm
"Why do we always throw stones on our own path? The road is smooth." (Adaptation of a Zen proverb)
  • #110
  • Edited 3:32am Feb 4, 2019 2:38am | Edited 3:32am
Quoting pannet1
{quote} hi alexandria, thank you for your kind attention. its futile to dream of attacks when what i have is mostly rescues. but here is an attempt. same chart. in an uptrend ... whenever there is an entry ... a pivot is formed below ... if this is broken ... then the NOW needs to re-aligned for rescue or scale out. then this becomes simple to begin with. {image}
There are lots of different ways to use the tools FTI has given us... we need to find our way to use what he has given to our best. His approach is not rigid. It is about managing the men based on what is going on on the battlefield. If you look at his example you posted he puts men in at strategic times and places - and takes them out too. What he does in terms of numbers is based on what the market gives him and his feel (which is objective). He puts men in and takes them out to manage his average price and his book. He leaves a scout/troops behind where he can to give him info and increase profits too. He will put a scout in and take it out and then put it back again if he wants to (maybe in at new scout base) - his is very flowing style based on what is going on and lots of experience. Search for attack on the TAF thread and read about it - you need to learn a lot about attack. He is also managing an adapting plan - I do not think you have one when you trade at the moment. Scale in/scale out.......and plan. But this all takes a lot of experience to perfect and I feel you are looking for magic bullet.

No 2 people from the thread may do exactly the same thing on numbers and who knows if they are doing FTI approach even - FTI does not want to make carbon copies anyway. To learn from others read their examples - Phil's thread is great and then there are Donsky's and Jupiter's also. Learn what is good and bad. But do not let it mess up your head. Let the trend and impulse and market teach you - nothing is quite the same yet it is familiar or may be.

In your chart you have a DB - not sure re your higher time frames - so you could scout to see if it is confirmed - wow it is so you could add some more this plan is going well - in the run up look at rbs (resistance becomes support and sbr) so maybe you can add some more - you see resistance coming in and having effect you can take some off the table if you like leaving some in - start thinking like that maybe. How strong is the momentum with you - is it getting weaker -is volatility getting stronger against me - learn the ebb and flow. If you gather enough you can let others run longer risk free.

Alex
check out the terrain - follow never lead
  • #111
  • Feb 4, 2019 3:53am Feb 4, 2019 3:53am
Quoting Jupiter
{quote} Text deleted... because useless! As I said, I don't need another fight. End of my humble and fraternal demonstration. {image}
general,

for the fight you need two and i am not going to fight with the one that teach .

OK. I am naive but not that naive.
  • #112
  • Feb 4, 2019 5:44am Feb 4, 2019 5:44am
Quoting alexandria
He is also managing an adapting plan - I do not think you have one when you trade at the moment. Scale in/scale out.......and plan. But this all takes a lot of experience to perfect and I feel you are looking for magic bullet..
the plan is to have a attack sequence of 1,1,2
if successful leave 1 running.

2ns batch of sequence 1,1,2
if successful leave another 1 running (now we have 1 + 1).

3rd batch of sequence 1,1,2
if successful leave 2 running (now we have 1,1,2)

but i need not be rigid in the sequence if i can monitor the trades and be nimble
  • #113
  • Feb 4, 2019 6:03am Feb 4, 2019 6:03am
Quoting alexandria
In your chart you have a DB - not sure re your higher time frames - so you could scout to see if it is confirmed - wow it is so you could add some more this plan is going well - in the run up look at rbs (resistance becomes support and sbr) so maybe you can add some more - you see resistance coming in and having effect you can take some off the table if you like leaving some in - start thinking like that maybe. How strong is the momentum with you - is it getting weaker -is volatility getting stronger against me - learn the ebb and flow. If you gather...
thanks alex,
i will fill more pages, so you all can correct me, if i am wrong.

so what change happened to the mindset after these journals and discussion with generals :-)
try to avoid rescue modes if possible.

current trade:
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  • #114
  • Feb 4, 2019 7:12am Feb 4, 2019 7:12am
Quoting pannet1
{quote} thanks alex, i will fill more pages, so you all can correct me, if i am wrong. so what change happened to the mindset after these journals and discussion with generals :-) try to avoid rescue modes if possible. current trade: {image}

Just thinking also.... you are trying to go too fast maybe? This all takes time. Have you studied FTI enough and also in market?

Writing up your trades and reviewing them here will help you though.

Make sure you know the terrain you are in and what to do in various situations - it all takes time to come to terms with in the way you can use it I think. No rigidity. Make sure you know a trend/ range etc. Rescue can be in the other direction i.e. with trend! You do not need to rescue everything in same direction or at all - scouts should be very small. You may be in wrong direction, in a confusing picture or just in too soon or picture is changing.

Alex
check out the terrain - follow never lead
  • #115
  • Feb 4, 2019 8:04am Feb 4, 2019 8:04am
Quoting alexandria
{quote} Just thinking also.... you are trying to go too fast maybe? This all takes time. Have you studied FTI enough and also in market? Writing up your trades and reviewing them here will help you though. Make sure you know the terrain you are in and what to do in various situations - it all takes time to come to terms with in the way you can use it I think. No rigidity. Make sure you know a trend/ range etc. Rescue can be in the other direction i.e. with trend! You do not need to rescue everything in same direction or at all - scouts should...
thanks again alex.
i thought master told never change direction. if you are in the wrong trend, close everything for a loss and start afresh.
  • #116
  • Feb 4, 2019 10:57am Feb 4, 2019 10:57am
Quoting pannet1
{quote} thanks again alex. i thought master told never change direction. if you are in the wrong trend, close everything for a loss and start afresh.

never change direction ....huh ...where
check out the terrain - follow never lead
  • #117
  • Feb 4, 2019 12:00pm Feb 4, 2019 12:00pm
Quoting alexandria
{quote} never change direction ....huh ...where
this is one ... but the tone is evident in several places.

i think he once replied to me asking, how do you the know that the market will trend in the new direction.

in one place he says ... first the positions is deep waters needs to be turned around .... if taking opposite direction.

but .. if only scout is in trouble .... we should quickly kill it and move ahead ...i guess
  • #118
  • Feb 4, 2019 12:14pm Feb 4, 2019 12:14pm
hello commanders and generals,

what i got from you now.
to launch a small attack within my defensive move

playback

scout in +1
rescue on

added +3
still price moves against

added +8
price starts trading above this

new breakout in 5M time
added +8

price goes against
scaled out with -1, -3, -5

new impulse wave above last +8
all soldiers home


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  • #119
  • Edited 1:27am Feb 5, 2019 12:55am | Edited 1:27am
Quoting Jupiter
... Text deleted... because useless! As I said, I don't need another fight. End of my humble and fraternal demonstration.
You know what?... I did it.
High skews and now trailing stop.
You on the contrary have to study. Humble and respectful.

You are not following the Action, because you are completely unprepared to do that. Full stop new line.
You don't see what is going on.
And you made me to discuss one thing and you do the opposite!

Again: please, TAF people, try to understand and respect the beauty of fti's work!
Never change direction? Who said that?
And now I'm really yelling out!
But my efforts are like to shout off the rooftops.
A new demonstration that trying to have a conversation on FF pages is just a dream.
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  • #120
  • Feb 5, 2019 2:04am Feb 5, 2019 2:04am
Quoting pannet1
hello commanders and generals, what i got from you now. to launch a small attack within my defensive move playback scout in +1 rescue on added +3 still price moves against added +8 price starts trading above this new breakout in 5M time added +8 price goes against scaled out with -1, -3, -5 new impulse wave above last +8 all soldiers home {image}

eh what was your scout telling you - wrong direction? too early? -what - just think about it - look at h1 - look at price action.

At rescue 3 - what was going on there - what were your options - what was price action there?

look at Jupiter's example and think about it (what his trades were) and everything he said in his posts - no really read them and take a view - look at price action there.

don't worry we all got to learn - but you got to study TAF too and learn how to use the tools given - we all do not just you - me too

Alex
check out the terrain - follow never lead
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