The Bucking Bronco

And after the mission on Cable, I deployed my scouts on DAX.
Right place and right time, again.
Again an enemy already defeated. (In the attachment you will find a m5 chart)
I took just one wave but with a massive attack! charts and stuff are on Carpe Diem!

I was exhausted after a long day on the market! Why am not younger?
Or, better thought, why don't I have an assistant (or two) younger than me?

Time to mark and underline my difference. And to conclude my reasoning about what to me represent the ideal Mental Road Map.
And I'll use some things Welles Wilder in person wrote.
Here we go...

The object of... call it as you prefer: "Scientific Trading", "Old School Trading", "True Trading"... is:
getting in tune with the universe, not insisting that it get in tune with me.

To insist that it get in tune with me would be arrogant, and it would be my own arrogance that would destroy me.
To get in tune with it is to be humble, willing to follow it where it goes.

If I fight against the river by trying to go up stream, it seems like a relentless implacable enemy constantly pushing against me,
constantly trying to thwart me.
But the river is not against me, it's just flowing the way it's flowing.
If I can get in tune with it, mirror it, go the way it's going, then life — or trading — becomes an effortless, serene, beautiful float down the stream.

(When you know what you are doing...)
Attack is 100 times more important than Rescue.
Defense (Correct use of Stop Losses) is 1000 times more important than offense. Full Stop.

"The wealth you have can be so ephemeral.
You have to be very focused on the downside at all times.
If you lose 50%, it takes 100% to get back to where you started.
And that takes something you can never get back: time!" - Paul Tudor Jones

"The only thing to do when a man is wrong is ceasing to be wrong!" - Jesse livermore

Is it clear? If you know what you are doing, if you know The Dance rules, this is the key point!
If you don't know what you are doing... don't lose your time trying to understand me or the Gann's Swing Trading!

Some simple tips and suggestions on reading for study!

> Number one by Beanjamin Franklin: "Never read a book without a pen in your hand!"
Takes notes of what you are reading! Write down your personal comments, ideas, reflections... argue and discuss with the author...

> Circle and underline key words and phrases in a sentence or in a paragraph

> Number three: read a whole paragraph before you go through and highlight or underline anything
(maybe in the bigger contex sometimes you could find the conclusions)

> At times, when you need to, read out loud!
You'll read more slowly but... it will help you to remember more as you engage your other senses!

> Also read silently!
And as you read silently... simply use it a pencil in just check key paragraph you want to go back and read later.

> Explain what you did learn (as you were talking to someone else...)

> Pay attention to summary words like “therefore...” “as a result...” “in conclusion...”

> Mark words that you don't know and look them up again (use a good dictionary and vocabulary as help in comprehension)

I hope these tips are helpful to you and “Happy Reading!” & "Happy Studying!"

Have a nice weekend... (of study and exercises)

The delicious Scottish Elizabeth Fraser taught me to consider the human voice just like an instrument amongst the others.
So I don't understand a word but some chinese/cantonese songs sound very intriguing to my ears....
Na Ying is truly impressive.

I have the translation of this one.... Mo = Sadness (or not? )

Michael Covel

Do not strive for things occurring to occur as you wish,
but wish the things occurring as they occur,
and you will flow well.

If you must play, decide upon three things at the start:
the rules of the game,
the stakes,
and quitting time.

"Remember, NEVER BUCK THE TREND...
After you determine the trend of the market, go with it... and regardless of what you think, hope, or fear, you will make a success."

"When in doubt, get out... and don’t get in when in doubt." - W.D. Gann

PS
If you find these words of wisdom a trite trading cliche...
then try to apply the above "Comprehension tips" on reading to these precious statements.
Ready?
Have you got a pen in your hand? No?
What are you doing here? Go elsewhere.

I wish I could laugh with you... but I can not!

Your "students" (LOL) were saying things like that, on your pages, some time ago...
"Trade by guts, by feeling, by "sensation" of price that wants to higher/lower."
They sustained with conviction that this is/was your lesson.
In fact, they said, you wrote “Try to feel” everywhere...

I came there – out from my cave - to explain something (only with fraternal intentions) and they covered me with all kind of insults.
The more gentle was “You (I), you don't even read the first 200 pages of this thread.”

I showed them your #555 - ►Don't think six sense... these things subjective. Use clear objective thinking and "feel her".
They reacted: "You, troll, go away!"

fti, dear, this is the medium level of your club. Why don't you want to see it?
Oh, no, mistake... in reality you already gave me your answer black on white: you don't want to enter in the wormhole!

Again your "Cao Cao beans" lesson to me returns to echo in me.
No. Sorry, Sir... this nothingness are not my brothers.

And after the painful, due, rant...
(no I can't and don't want to forgive & forget!)
I'll go to help a true brother trader.
Respecting the "Moth" commandment. (Hey... this student is making real progess, now!)

Observe. Orient. Decide. Act.
DAX d1.

Do you know how ro read this chart? Any ideas? What do you see in it?

But my past analysis about Cable... that is the biggest satisfaction of my HUGE EGO, these days!
Yes. I'm a man with a big cock. And then?
You must have some convictions to do this job!

To me? The key?
Big Ego and huge knowledge, outside the Market
No Ego and "I know nothing!", on the terrain.

Perfect dualism, as always in True Trading.

There is need to follow this open of DAX very very carefully.

GM Jupiter,
I have it almost the same bull flag is in the play, but no prediction of course.

LiboCop. OK...

If I may, my friend, pay attention in drawing the TL.

Thank you

You're welcome! Don't mention it... (and the second tip is: never ever "force" a TL to fit your intentions!)

Bought 074 and watching!

Hit! -3

I admit I was surprised. Nothing to say!
I saw the bears... but not this big!
No positions. Yeah.
Missed the move. Sorry.