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Journey to consistency

  • #2,041
  • Jun 16, 2019 8:48pm Jun 16, 2019 8:48pm
Nice thread, I can relate and empathise with your thoughts. We create rules and break them or amend them, and can't help but have expectations of the market.. to learn to be less reactive to the market, be ambivalent to it's moves .. is such a struggle. I had time off work to trade full time and now I'm back at work fulltime it's given me some space to evaluate everything I thought about trading - again. ! Thanks for your thread, know you are not alone!
Cheers h
  • #2,042
  • Jun 16, 2019 9:18pm Jun 16, 2019 9:18pm
Most things in life follow two types of growth

  1. Logarithmic growth
  2. Exponential growth

I don't think there's any arguing that to trade falls under the latter, after years of being stagnant all of a sudden I think my comprehension of price behavior made a huge leap and I feel like I'm on acceleration finally! but there's also a period of decay I don't think anything ever really grows exponentially there'll come a time where it'll stall but I'll still need to keep on making progress and try to understand price behavior better and better to counter fight the decay, steady and slow it'll be can't stop!.

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  • #2,043
  • Jun 16, 2019 9:25pm Jun 16, 2019 9:25pm
Quoting hellsbells
We create rules and break them or amend them, and can't help but have expectations of the market.. to learn to be less reactive to the market, be ambivalent to it's moves .. is such a struggle.
it becomes less of a struggle once we begin to see more! as we begin to see and understand more we begin to learn to follow with no attachments.
struggle is the only way to reach fluency.

and thanks for stopping by!
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  • #2,044
  • Jun 16, 2019 9:48pm Jun 16, 2019 9:48pm
Inserted Video


I never really took any interest in math plus I wasn't good with numbers but don't they have a lot of similarity ? trading and math one uses numbers to find patterns the other visual cues.

Abstract and patterns. It's intriguing to say the least.
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  • #2,045
  • Jun 16, 2019 11:48pm Jun 16, 2019 11:48pm
Quoting Piquant
entered long at 69
If I may...
Could you please mark the exact candle of your entry?.
Could you specify which TF are you presenting in each chart?
Thank you!
  • #2,046
  • Jun 17, 2019 12:05am Jun 17, 2019 12:05am
Remember that you can never learn too much.
Always be ready and willing to learn something new; never have a fixed idea that you know it all.
If you do, you will not make any more progress.

W.D. Gann (and Jupiter!)
  • #2,047
  • Jun 17, 2019 12:59am Jun 17, 2019 12:59am
Quoting Jupiter
{quote} If I may... Could you please mark the exact candle of your entry?. Could you specify which TF are you presenting in each chart? Thank you!
It's a 5min Nikkei, my entry was right below the arrow at the end of that green candle (I didn't see the R then) but I was eyeing for the candle to close above 21041 after it had touched 21036.5 - 21034 area could have been a little too late if the right point of entry was 21036.5 - 21034 retest which was my initial area of interest or a little too early if 21051.4 retest was the right point of entry coincided with a flag I saw this later on.

Lot more to be learnt and practiced and that much more to be refined especially entry and exit I also realize I need to learn to trade patterns along with this because they add extra dimension ! like today if I had seen the R and symmetrical triangle (maybe?) morphed into a flag and knew how to trade them I could have done better
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  • #2,048
  • Jun 17, 2019 1:20am Jun 17, 2019 1:20am
Not so easy...and neither simple! But correct.
  • #2,049
  • Jun 17, 2019 1:23am Jun 17, 2019 1:23am
I'm done for the day, its been 8 hours since 6:30AM with 30min lunch break in between my focus is slowly fading away I kept following candle by candle formations to see if something comes up and also as a practice, 141.5 looked promising for long but it failed there must be a R because I see a possible head and shoulder but no sign of anything.
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  • #2,050
  • Jun 17, 2019 1:25am Jun 17, 2019 1:25am
Quoting Jupiter
Not so easy...and neither simple! But correct.
It ain't, still infinite number of pages to turn and all thanks to your hints and clues !!!!!
I never thought I'd hear "correct" from you to be perfectly honest.
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  • #2,051
  • Jun 17, 2019 1:27am Jun 17, 2019 1:27am
Reading and H&S there is a little "forced", my friend.
But in any case (IN THIS MOMENT) we are facing a series of LH.
  • #2,052
  • Jun 17, 2019 1:28am Jun 17, 2019 1:28am
Quoting Piquant
I never thought I'd hear "correct" from you to be perfectly honest.
  • #2,053
  • Jun 17, 2019 1:33am Jun 17, 2019 1:33am
That's it...
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  • #2,054
  • Jun 17, 2019 1:38am Jun 17, 2019 1:38am
Quoting Piquant
You definitely need 10000h to train your eyes to see the exploitable patterns definitely ! I still have more to cover about 2000 more ? {image}
Unfortunately, the sad thing to understand in its immense tragedy is that...
you can repeat the same mistake even for 50.000 hours!
This thing that "Market will teach you" is pure cow's dung!
No guarantee that you could find the proper answer.

The idea in fact is that it takes 10,000 hours of deliberate practice to make an expert.
Deliberate... not casual or experimenting.
You need to build the skills consciently... with the proper plan of training.
1) comprehension
2) how to trade
Of course this is just me. And I am Mr No one.

Better let to speak W.D. Gann in person:
"For the past ten years I have devoted my entire time and attention to the speculative markets.
Like many others, I lost thousands of dollars
and experienced the usual ups and downs incidental to the novice who enters the market without preparatory knowledge of the subject."

Yes... he said TEN YEARS!

But FF is full of true experts surely better than Gann and me.
  • #2,055
  • Jun 17, 2019 1:52am Jun 17, 2019 1:52am
You most definitely need a guide like I said if it weren't for your hints and clues I may still be struggling with "my" ideas even after 10K hours and they never worked thus far ! so are indicators.
But even with the right hints and clues that's only the beginning - the real struggle/learning begins just then
Because trading is abstract and it is multi dimensional to figure out and understand just 1 facet guided by the right hint may take years/months but I think once you peel off 1 layer the rest comes off easier and faster of course easier and faster in relative sense
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  • #2,056
  • Jun 17, 2019 6:01pm Jun 17, 2019 6:01pm
Quoting Jupiter
That's it... {image}
Yes!! I see it better today with more clarity.
And I also think I understand now why you said yesterday's head and shoulder was forced
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  • #2,057
  • Edited 7:15pm Jun 17, 2019 6:38pm | Edited 7:15pm
Rising wedge
Done my homework studied candle by candle from yesterday's Tokyo open triple checked just to be sure

Ready for action.
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  • #2,058
  • Edited 7:28pm Jun 17, 2019 6:42pm | Edited 7:28pm
Quoting Piquant
{quote} Yes!! I see it better today with more clarity. And I also think I understand now why you said yesterday's head and shoulder was forced
Time to put my understanding to test!

Strange hmmm...

Entered too early I think I see my mistake there was no LH back to wait mode -28
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  • #2,059
  • Edited 9:10pm Jun 17, 2019 8:59pm | Edited 9:10pm
Quoting Piquant
{quote} Entered too early I think I see my mistake there was no LH back to wait mode -28
I think my second entry was on point, I wasn't sure if it was going to get a PB to breakout area so I might have exited a little too early I'm still trying to figure out the usual range for Nikkei the rough estimate previously was around 50pips but I'll need more time to decide on that and I also need to figure out possible exit level (I'm guessing it's going to be untested "significant" level) on top of breakout types so if it occurs I'll be ready.
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  • #2,060
  • Jun 17, 2019 9:16pm Jun 17, 2019 9:16pm
When it happens on 5min I'm starting to see it
But I need to understand why from this level ?
For that I need to move on to higher TF.
But that's to come later, maybe much later.
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