The Bucking Bronco

And re-entered. Bunch of bastards!!! All the morning like that. Hunting for good stops.
And BANKED again... at 693.

Really. But with Lana del Rey as soundtrack it was a perfect "Sexy Trading".

Tough move but the Cable traded exactly in the channel I drawned on my chart.
Hope you are OK ukmaninthailan...

Stop in place. Let's see if this thing goes up or not...

Let's try with Lana Del Rey again... LOL

Scaled out and banked at 705.

Squared 694... with nice profit.
No. I don't fight.
I don't care about a re-entry.

I am thank you. I got my longs out at 1.2697. I could have hung on and banked a lot more profit but I was over leveraged - in full rescue mode - so I got out as soon as I could. I've been feeling quite ill too so I have no more stamina. I've had a great couple of weeks though, so I'm happy. I hope you have a nice weekend.

The same to you... Take care of yourself.

A sharp mind needs a fit body. Gann's lesson.
Anything that will affect you emotionally can cause you to make lesser quality decision.
Let's listen to the Master...


"No man makes a great success in any business unless his health is good,
because a brilliant mind cannot work successfully with a weakened body.
You will not have the proper patience or enough nerve, if your health is impaired.
When you are in bad health, you become despondent, you lose hope, you have too much fear, and you will be unable to act at the right time.
I have been through the game through all of these years.
Anything that could happen in the future in trading has happened to me.
I have learned through experience.
I have tried to trade when I was in bad health, always resulting in failure,
but when I am in good physical condition, I act at the right time, making a success.
If your health gives away, the most important thing is to work to get your health back in perfect shape, for HEALTH is WEALTH."

GO INTO THE ARENA WITH OPEN EYES.
OPEN YOUR EYES TO RISK.
Even Linda Raschke lost her first account!
And it was a good 60.000 of 1982 (and... borrowed money).

I'm listening to one of her interviews in this very moment...

“You are just aware that...
there's got to be a corresponding opportunity as well, you know?
If you can lose that money there's got to be a way that you can make that kind of money!!!
And of course that took me another ten years to figure out... you know.”

Have you read? Come on, read it again!
Did you get the message?
Ten years.
No problem, yeah... she is so stupid and you are surely more intelligent than her (or me, LOL ). Duh?

"It's the time spent on preparation outside regular trading hours that make a trader successful."

I really love this woman. Thanks, it is a pleasure to hear you saying that.
I have been trying to explain it for many, many years!

Hey, it just a pleasant, light (one hour and a half!) conversation! No secrets, no "holy grails" (as commonly intented) of any sorts.... OK?

Trading on the floor:

“I think that just seeing the example of the people around you
(who's who's doing really well and and who doesn't last...!!!)
was probably the thing that made the biggest impression on me.”

Nice...

"oh it was a wealth of culture
and I will say that that is one of the things that has disappeared with the electronic trading on the screen
is the culture of the people
it was interesting because just last night I went down to Trade Station's offices
and had dinner with David Stendhal who a lot of system testing
and Larry Williams and one or two other people down there
and it was nice to feel that community of camaraderie even though we all do completely different things
it's you also know how intense the business can be
and how time-consuming it can be
and just you know old stories and stuff
so I think a little bit of that has disappeared with the electronic screens
and I don't think that Twitter is the appropriate medium to fill its place
what I do think works for people is perhaps if they find one or two trading buddies
and perhaps you have Skype going
if you're a discretionary trader and sitting in front of the screen I think it's not a bad idea to get feedback on ideas from other people
I still think it's important for everybody to do their own thing
but you know ...
even the telling of jokes during the day helps alleviate the stress a lot on a busy day!!!"

... exactly like on Forex Factory... LOL

And here it is the gem... poor Jupiter!

"... the amount of hours that I have done in modeling... helps build up my level of confidence..."
"...a viable framework and structure that I trade around..."
" ...feeling like I have a concrete methodology that's workable for me...'

Great stuff as usually, have a nice weekend!

Cable H1.
Nothing is random in the Market.
Each Effect has its own Cause.

A weekend of study and some nice walking in the sun. Summer has exploded here in Italy!

"I believe my most important skill is an ability to perceive patterns in the market.
I think this aptitude for pattern recognition is probably related to my heavy involvement with music."
—Linda Bradford Raschke