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  • #181
  • Apr 30, 2019 7:34am Apr 30, 2019 7:34am
[quote=Exnav;12235070]{quote} All my entries were scout sizes. I am adding as many soldiers as necessary to make BE+ or more, everything depends on PA flow/ development. The best is to do it ASAP since we don't like protracted wars. The following day I am playing on Daily, H4 and Hourly, adding on 15, 5, 1 MIN. In this particular live scenario I didn't add anything the following days but was just observing the PA come where I was waiting for her. To the point of sequence: I don't do like 2X to save 1 or 3X to save 2X. I'm adding a number in accordance with the distance to BE+ one by one. The total number of Short scouts/ units was 17. /quote]
Exnav, explain please your way to adding scouts in the rescue mod. You add scout every some pips from your first scout? Thanks
  • #182
  • May 1, 2019 2:45am May 1, 2019 2:45am
[quote=protuberanec;12246409]
Quoting Exnav
{quote} All my entries were scout sizes. I am adding as many soldiers as necessary to make BE+ or more, everything depends on PA flow/ development. The best is to do it ASAP since we don't like protracted wars. I'm adding a number in accordance with the distance to BE+ one by one. The total number of Short scouts/ units was 17. /quote] Exnav, explain please your way to adding scouts in the rescue mod. You add scout every some pips from your first scout? Thanks
Hello Protuberanec,

No, not every some pips from the first scout. It's rigid and rather doesn't correspond to objectivity.
I'm trying to add for a possible counterattack when there's a kind of previous level (pivot, support, resistance, trendline) and PA shows a sign of strength in my favorable direction (1M 5M, 15M, 1H candles form, Daily chart patterns). I never trigger orders just blindly or automatically on any possible levels, distances, in accordance with grid, etc. And, sometimes I may deploy, e.g., 3X, 5X, 15X at once (X = Scout). In either direction.
Rescue is a skillful combination of dancing as feeling the pulse and reacting adequately (MM).

What is of importance that I should keep a firm mindset so to act objectively. And be prepared in case I lose the PA feeling, get nervous, worried, tired.
Through all my texts I have been writing that I don't recommend going into rescue mode. There are many ifs, the paramount objective is preservation of CAP.
Frequent Rescuing could mean that I'm unable to read the flow, chart (due to many reasons) and may lead to becoming a rogue trader in the end. As I showed in that demonstration, if PA had gone farther North, there must have been a contingency plan.

I think it would be in place to remind Fti's text:
There must be no rescue of badly timed positions, as there will be no badly timed positions, in the wild volatility flux. If wrong, turn on wind, and be nimble, do not overstay large positions.
"Dead in the waters" - exit trade at BE if possible with foreign capital. If no foreign capital then take the loss.
I, having been a pro, have survived by making little mistakes. Small mistakes are corrected to become small gains. Big mistakes, I have sacrificed my time energy and resilience (sometimes fighting huge battles over 2 to 3 days without sleep to recover from) to overcome and come out flat. Of course there have been mistakes that unrecoverable from... I owe it all to right mindset, guts, good MM and strategic thinking.

We, all, are learning from fti (seasoned, skillful pro with Tier 1 bank cap), fundamental books but through our own painful experience.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #183
  • Edited 2:55am May 2, 2019 2:17am | Edited 2:55am
Some focus on the British currency pairs. I'm listening my analysts ATM:

Thanks to yesterday's Feds cable made a false hook day (closed on the previous run-up-day-high). Daily trend up is still valid, no new lows observed. Will they show any hands before the announcements?

Looks that Pivot is 1.3100 and break-out versus supply and stop hunt area is above. That zone seems tempting for the news actions.
Not to Advance is to Fall Back
  • #184
  • May 2, 2019 2:38am May 2, 2019 2:38am
Quoting Exnav
Quoting protuberanec
{quote} Hello Protuberanec, No, not every some pips from the first scout. It's rigid and rather doesn't correspond to objectivity. I'm trying to add for a possible counterattack when there's a kind of previous level (pivot, support, resistance, trendline) and PA shows a sign of strength in my favorable direction (1M 5M, 15M, 1H candles form, Daily chart patterns). I never trigger orders just blindly or automatically on any possible levels, distances, in accordance with grid, etc. And, sometimes I may deploy, e.g., 3X,
...
Thanks for answer! I knew you not rigid, just checked you and wanted to know more about how you trade )
  • #185
  • May 2, 2019 2:46am May 2, 2019 2:46am
Quoting Exnav
Daily trend up is still valid, no new lows observed. Will they show any hands before the announcements?
Daily trend is still valid till new lower high to appear?
  • #186
  • May 2, 2019 2:49am May 2, 2019 2:49am
Quoting protuberanec
{quote}{quote} Thanks for answer! I knew you not rigid, just checked you and wanted to know more about how you trade )
You are welcome and please do check Whatever I try to describe, it's my understanding and acting. Everyone must do his/ her individual-self-fitting.
I'm looking forward to your ideas or critique sharing.

Trade safe.
Not to Advance is to Fall Back
  • #187
  • May 2, 2019 2:53am May 2, 2019 2:53am
Quoting protuberanec
{quote} Daily trend is still valid till new lower high to appear?
That is only one of factors to consider. Look at a trendline up still untouched, no any new lower highs, lower lows, that previous day candle closed exactly on the previous day high, previous days closes have also made higher.

GBP GPY has already made a new high
Not to Advance is to Fall Back
  • #188
  • May 2, 2019 3:05am May 2, 2019 3:05am
What do we need to see a possible turning, at least for retracing? News may send PA above 1.3100 then make a spike down to 1.3000 and later to continue the trend UP. We might see sorts of upthrust, double/ triple top, shoulder-head-shoulder and day reversal candle perhaps closing below yesterday close to ponder the daily trend reversal or a congestion start.
Not to Advance is to Fall Back
  • #189
  • May 2, 2019 3:06am May 2, 2019 3:06am
Quoting Exnav
{quote} That is only one of factors to consider. Look at a trendline up still untouched, no any new lower highs, lower lows, that previous day candle closed exactly on the previous day high, previous days closes have also made higher. GBP GPY has already made a new high
I see lower low (LL) on cable d1
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  • #190
  • Edited 3:22am May 2, 2019 3:11am | Edited 3:22am
Quoting protuberanec
{quote} I see lower low (LL) on cable d1 {image}
That's right (major superior trend is still UP, the lower major is down (look also at the triangle broken on your chart). Therefore, I have described the meaning of different trends - trendlines. ATM, we are having an intermediate daily up for 4th day. It broke the recent trendline down (the triangle slope).

I should run a currently flowing trend until it reverses.

Look as well when price started to run before - 15 Ferbuary - was a basing point (1.2773), then 18 - 19 FEB. On 24-25 April PA came to the last basing point, took stops and fuel there (demand zone) and started the run up.

Well, whatever they do now, I won't engage until after the news this European afternoon. I'm not in a mood to play...or gamble.
Not to Advance is to Fall Back
  • #191
  • May 2, 2019 7:28am May 2, 2019 7:28am
Quoting Exnav
{quote} That's right (major superior trend is still UP, the lower major is down (look also at the triangle broken on your chart). Therefore, I have described the meaning of different trends - trendlines. ATM, we are having an intermediate daily up for 4th day. It broke the recent trendline down (the triangle slope). I should run a currently flowing trend until it reverses. Look as well when price started to run before - 15 Ferbuary - was a basing point (1.2773), then 18 - 19 FEB. On 24-25 April PA came to the last basing point, took stops and fuel...
Thanks for the detailed explanation! Do you mean this triangle, cause I draw it in another way. On second chart.
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  • #192
  • May 2, 2019 7:43am May 2, 2019 7:43am
major superior trend is still UP(you talk about it?) What mean ATM, google show me machine of cash giving(банкомат)
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  • #193
  • Edited 8:38am May 2, 2019 8:21am | Edited 8:38am
Quoting protuberanec
{quote} Thanks for the detailed explanation! Do you mean this triangle, cause I draw it in another way. On second chart. {image} {image}
You are welcome. Exactly that blue line down as you depicted - trendline or slope - was broken on 30th April (Day Closed above that Line).
Not to Advance is to Fall Back
  • #194
  • May 2, 2019 8:34am May 2, 2019 8:34am
Quoting protuberanec
major superior trend is still UP(you talk about it?) What mean ATM, google show me machine of cash giving(банкомат) {image}
That's right. Low point of that (Trough if we respect Peaks and Troughs by Martin J.Pring, or per Dow Theory) is just below 1.2800. It is still intact.
ATM - at the moment. 4 days of higher closes and higher highs for GU and GJ, more than 3 days off the last trough at 1.2865 - 1.2870.

But: current PA is hinting a reversal of the ATM intermediate Up Ride. There is still important US news tomorrow and we must see where the US session is going to close the day.
Not to Advance is to Fall Back
  • #195
  • May 4, 2019 2:00am May 4, 2019 2:00am
On Attack

Sun Tzu, Art of War:
Attack by Stratagem, He will win who knows when to fight and when not to fight...He will win who, prepared himself
Tactical Dispositions, ...fighter puts himself into a position which makes defeat impossible, and does not miss moment for defeating the enemy.

3rd May, With the Analysts having done their job, scouts on GBP GPY were sent Long and showed the weakness of GBP, therefore, squads on GU deployed Short to feel the pulse and all squared before the US announcement. The feeling was caught.

1st couple of squads sent on 1M reaction (bounce from the down channel border after taking 1-2 pips lower the day move South (previous Days candles hinted a turn in that direction) and getting Bears/ Shorts in trap.
5M candle confirmed 1M reaction and direction North, more squads deployed; 15M candle confirmed 5M and positions added; after passing 1.3048 pivot (previous Days close - open) and 1H candle confirmed, the last squads added.
The plan had been to test the previous day resistance at 1.3080 and pivot at 1.3100. Therefore the most positions were squared on the bounces from 1.3080 level, leaving but one squad to test the pivot.

And we saw the PA lead farther North more 90 - 100 pips from my liquidation. The last action was just make some Shorts having a sign of weakness on the level 1.3155 - 1.3175. Only there did I play a bear mode (after the morning testing the day low). In total 11 squads participated in the fight. 1 squad (2 - 5 scouts).

What should have been done on the Attack: deploy an additional squad or two to test a break of the 1.3100 level. Perhaps, I didn't feel so strong/ bold for that battle and felt the need to secure the foreign cap.
Remark: actually no nice retracements were observed on the almost 150 pips run North, that might have been a good test for Bears.
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P.S. Fti: You are as good as your last trade...
Not to Advance is to Fall Back
  • #196
  • May 4, 2019 9:35am May 4, 2019 9:35am
Quoting dbrown101
{quote} 5 min? possible reversal in play if that neckline breaks. also, h1 is at resistance and D1 touching the 50 ema looks like bulls might be back in town tho
Hello Dbrown,

I'm sorry for not replying to your post. I have noticed it only recently while browsing through, probably the reason was in the corresponding pages turn and I was just due to leave the screen that morning...
On the hindsight, I think the PA made some 20 - 30 pips North and was holding the fort there for 5 - 6 days. Only then did she play that turn South (for the big ships it takes longer).
I must admit that I'm not a good thread runner, though (you posted but I missed it).

I hope that you trade safe and well.

Exnav
Not to Advance is to Fall Back
  • #197
  • May 5, 2019 1:38pm May 5, 2019 1:38pm
I wish you great success in your trading and on your new adventure with your journal, I shall be reading along as post.
regards
don't predict direction, but dance with flow of water
  • #198
  • May 6, 2019 12:55am May 6, 2019 12:55am
Quoting priceaction1
I wish you great success in your trading and on your new adventure with your journal, I shall be reading along as post. regards

Hello Priceaction,

Thank you and kindly welcome.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #199
  • May 9, 2019 12:37am May 9, 2019 12:37am
On Counter Attack
When almost everything is wrong

A. On 8th May, my analyst told that GU is still Long unless the last basing point is broken South (Day candle closed below 1.2985).
B. I should have taken into account that her sister GJ was already below her Long levels and played below 143.70.

First, I tried sending scouts on GJ Long from 143.70 to test her. GU went South from Pivot - resistance 1.3080 and was testing the previous day low 1.3039. There from I deployed a squad Long, it broke 1.3039 and I flipped South. And at that very moment the things went wrong. Both GJ and GU moved North (and I was a bull according to A above). Thus, I did flip the second time North deploying 3 squads. But PA made her just a retracement to 1.3060 and went for the second/ third wave South. GJ was squared BE on the retracement (she made some 80 pips South after).
I didn't make a flip for the third time but stayed bullish and committed to the standpoint having in mind the next possible area to launch a counterattack at 1.3020 and at 1.2980 - 1.2990 if failed. So I did.
Total 7 to 11 squads were deployed Long and they made about 80 pips green. A bloody and sweaty but steady counter-attack...

Fti:
"TRADING TIP: when i trade, i NEVER ever think if the trade is GOOD or not.
I just trade. The objective of trading is profits. Has nothing to do with good or otherwise.
I do what necessary to arrive at the goal."

Which is why I don't recommend to play flipping or rescuing:

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Fti: "Need ball to play stuff, no balls no tee off"
"Everybody thinks they are good. That's true until gets tested"
Not to Advance is to Fall Back
  • #200
  • Edited 7:58am May 11, 2019 1:10am | Edited 7:58am
When everything is ready, setup is accurate but one is missing. It's easy to recognize that reason - just look in the mirror.

Fti's text some years ago:

"In markets CASH is capital, ability(skills) is capital. SELF is capital.
never lose em. any of them.
...
I know you are experimenting yourself.
If you have found yourself , then you must find mode that is never defeatable.
then you no need fear any battles. refer sun Zi."

Somehow I realize about the relevance. And we also had opportunity to exchange views with Fti regarding the video re-posted below. I did Hold on Friday but missed to Hit decisively... (as result market granted me the big 20 Eurocents)

Inserted Video
Not to Advance is to Fall Back
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