MY Journal-phil13

The shelf that no trader likes or wants to be on..

Hey Phil, its been a while since I've replied in here though I do pop in and enjoy reading your Journey. I find our Brexit mess embarrassing to say the least, but know
it will all be water under the bridge at some point in future. Hopefully it will come to its conclusion with all parties/countries benefiting..

Hope you and yours and are all good buddy - Ja

Hi Ja

Good to see you here again my friend. Hope you and family are well, everything is ok my end, thanks for asking.

Thank you so much for letting me know that enjoy my little thread and efforts. Got to agree with you totally about Brexit but as you say it will pass as all things do eventually.


Regards

Phil.

Hi Phil13, this is my 1st post in your journal, wish you best of luck. Would you mind if I ask your help.

Could you plz explain me, Rescue & Attack, and Scout formation what you learnt from FTI. Can you

Recommend post#s from FTI’s thread. Plz advise. thanks,

Hi loveandpeace

Welcome to my journal.

My friend please do not get offended by what I am about to say, I have seen you jump from one thread or journal to another, it is as though you are looking for some kind of holy grail or someone to say here ‘this is how you will trade and make fortunes’, when I started I done a similar thing myself I would jump from one thread to another looking for ‘it’, I am afraid in my years I can say ‘it’ does not exist, the only way to learn how to trade must come from within you, it was not until I stopped all that jumping around from one thing to another that I actually started to learn how to trade, the skews are no holy grail and there is no ‘magic’ in using them, all the people (including me at the start) I think believe that is what they ‘need’ to just make ‘it’ happen, sorry my friend it is not, look you seem a really nice and respectful person but from what I see you just need to settle down with one way of trading, if you want to do that with FTI’s way of trading then the answer to your question is the first two hundred pages of that thread and all the books and other stuff he recommends you do, he clearly states it is for most a 2-3 year course of learning that you will be taking on, please you appear to be a nice person just maybe a little lost and confused in this trading world, if you look at my journal the first part is me learning the basics of the core foundation that we need, the newer stuff here is more in depth so far mainly with a focus on money management and how I have learnt to use it to survive the market, start at the basics, go to FTI’s thread and read and re-read those first pages until it become part of you, learn the basis of the original masters of T/A and how and why price moves the way it does, I am really sorry I can not answer your question in any more detail but it would take me hundreds of pages to do so from stuff that is already out there for free at the places I have indicated.

How I uses the skews is already documented here in my journal if you want to look through it but I really do recommend that you use the stuff from FTI’s thread as the base source before just using the skews as someone else does, that art trading lays within using a mixture of things/abilities.

I have no problem in trying to help by answering your questions, but this one is impossible as there are so many variations, the scout is the thing that will stop you making much bigger mistakes by testing your trading direction, the rest well…. What? If? Maybe? Then? Just impossible that is why I have provided all these detailed charts, every situation we create is different and requires different responses.

Good luck in your quest and journey

Regards

Phil.

Hello Phil,

And every and each word in your post is the very truth. I had looked and jumped until found the TAF and Fti. Then I have been jumping within the area of books and the trading or traders (Fti followers) journals I have much respect. And Yours has been one of them.

Best regards,
Exnav

Hi Exnav

thank you my friend.

regards

Phil.

Hi Phil.



Thanks for your precious time to explain in details, I realy appriciate it, when you call me friend, then there is NO question of getting offended. I owe you, here is my

Thoughts about friendship:





Life was meant for good friends and great adventures. I would rather walk with a friend in the dark, than alone in the light. A good friend is like a four-leaf clover: hard to find and lucky to have. There is nothing I would not do for those who are really my friends



“Be true to your work, your word, and your friends”.





Yes you are 100% correct, I am confused what to do in trading so I could also be in 5-10% successful people group, lol, the main problem is how to manage time, because I work full time 9-5, Mon-Fri.

I am an Accountant by profession. And I want to do trading side by side. I have been visiting FTI’s thread time to time, but it is hard for me to understand, in the past I asked number of questions from

FTI.

AND I believe learning from other’s experience/mistakes, instead of my own mistakes. Definetly I would read those 200 pages from FTI., but everybody’s understanding is different. YOU are an

Experienced person, spent countless hours uderstanding FTI’s teaching. Would you plz let me know what you grasped about RESCUE, ATTACK & SCOUT formations, that would be easy for me when I

Re-Read FTI’s pages. Anyway talk to you later, ever praying for you and for your family. Take care

Hi loveandpeace

You will still need to understand some core basics on those first two hundred pages of FTI’s thread, the more you can learn there the better as that is a much better base source than what I am showing here but what I have wrote below may help you fit your trading around your personal circumstances.

I am at a point in my learning curve that to be honest there is no rescue, attack for me anymore, there is just managing my trade positions as one, you are an accountant so you may understand well what I am showing here with this ‘survive’ part of my journal, it may also give you some ideas on how to trade over a longer period of time which would suit/fit better with your job, I understand that not everybody can just trade full time as I and some others can do for a variety of different reasons.

A good place to start for what I have outlined as the ‘survive’ part of my journal is page 26 post 501, be sure to examine all the charts from there to here as they are very detailed on what I do, if you think it may be of use to you then great, if not all you have lost is a bit more time on your own journey into this trading world, I myself am mainly trading over a longer term for now due to some other commitments I have for a while, though when I do get a chance I do still day trade sometimes.

This is all I can offer you as an answer to your question I am afraid.

thank you for your well wishes and i return this and hope you and your family are well too.

Regards

Phil.

thanks Phil13

E/U TRADE…..

So I do not normally do this but I have 105 trade screen shots on my desktop so far!, the trade should not be that far from being concluded, but this next 18 months or so I have some other commitments that I am involved with and can and have been really only able to trade over a longer period of time, that is one reason this trade is taking so long to conclude and I have decide to post this trade in parts now. In reality I could just keep trading like this for as long as I wanted but this for demonstration purposes only so I must conclude this trade quicker than I may in my other accounts, I could if you look just swallow up what is left and still be in profit but that is not what I would normally do here so I will continue the trade along the rough line as I would normally do with my other accounts, one thing you will note is that I am trading exactly the same as did with those demo accounts, this is so import to do and get your mindset correct from the start, the minute you start to deviate you start to give yourself false representations of your true trading when you are live.




















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