The Bucking Bronco

Blotter posted and deleted... Made a killing!

very slow, today's FOMC
out +10 and a small break

324 banking again!

Stopped out! We'll see...

It's not clear... bears pressure is too strong.
Bought 12.297 stop +1

yes, my morning's mission is also done, CU

Attacked and banked along the road! (Scale in and scale out out is my specific technical approach...)
And now I'll begin to trail my stop!
It has been a nice day.

Ridiculous... Hey Bears... I'm not there anymore. Ah! The pleasure of Dancing!

And here we go again.
Banking +15 again and again...

Banking +44... trailing stop for the scouts.!

Reviewing my charts of the day and my trades: entry and management.
Never easy to decide with which trend to stay in these market conditions...
I mean after a so strong directional move.
More over this is a FOMC day...
But I think that to play a controlled game on the BUlls Side was correct.

Anyway: Bull with the Bulls or Bear with the Bears.... but NEVER A PIG.

They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking.
Everywhere there's lots of piggies Living piggy lives....

(Unfortunately somebody else, many years ago, interpreted those lyrics in the wrong way!)

... and these as well!

I was reviewing my charts, too. I my opinion, Bulls side was correct, supported with positive news, ECB, meeting Trump with Xi on G20, retail's sentiment and the outlook for lower rates of today's by FOMC, but they left them the same. So tomorrow we will to see. A correction, continuing, sideway with bigger range, ..... - NO A PIG .

Not so important, but just for info, tomorrow is in Germany regional holiday Corpus Christi.

Ciao e buona notte.

Nice one... Good point!
My trading of the news is on Carpe Diem.
Double entry: US30 plus DAX.

Thank you Mummy!

How to build a proper, personal "Mental Road Map" – 18

Answering to PMs, in public.
I have my convictions (especially through Wyckoff) about Elliott.
The first is about the "naming"!
> 12345
> abc
> ABC
... and my classical FULL STOP.

The second is about the first wave:
I think that by "reversal wave" fti means "initial breakout" wave, as I personally used to call it.
And the representation is correct.
But after his return fti is saying clearly that he don't want "interpretation" on his lessons...
so please, guys and girls, ask him for his confirmation.
I talk for myself.


The cult of Elliott Wave Theory intimidates the most experienced traders.

But don’t let wave voodoo stop you from adding important elements to your chart analysis.
Strong trends routinely print orderly action-reaction waves.
EWT uncovers these patterns through their repeating count of 3 primary waves and 2 countertrend ones.

Wave impulses correspond with the crowd's emotional participation.

A surging 1st Wave represents the fresh enthusiasm of an initial breakout.
The new crowd then hesitates and prices drop into a countertrend 2nd Wave (abc).
This coils the action for the sudden eruption of a runaway 3rd Wave.
Then after another pullback, the 4th Wave... the manic crowd exhausts itself in a final 5th Wave blowoff.
The leg is now complete.
We can expect an attempt to correct the whole move, the ABC phase and the end of this Cycle.

Traders can capitalize on trend waves with very little knowledge of the underlying theory.

I don't know why I'm doing all that... but I try to do the thing on my pages... seriously!
The Art of War is matter of Life or Death!

(even if I prefer the "River" simile...
this is a wonderful rendition with splendid pictures on the theme. Be water, my friends. Water in the water. Don't fight!
Just to mark again my peculiarity.)

How to build a proper, personal "Mental Road Map" – 19

About: The Emperor Moth Story.
To understand I went searching for some videos.
I’ve seen these things emerge from the chrysalis, and it’s brutal to watch.
The hole is far too small for its bloated body to fit through.
Those moths work harder just to survive than most people do at learning how to trade.
So...
even if the human life cycle is really nothing like that of the Great Emperor Moth, the message is clear.

"Your Suffering Makes You Who You Are!" "No pain, No Gain!"
That’s right. All those terrible things that happened to you, all those insurmountable obstacles in your way.
They made you, you.
It’s a weird mix of scary/crazy/amazing that we really have so little control over our own development.

it’s still kind of comforting to me.
The idea that all the pain and aggravation is worth it.
(Exactly, for instance, when I was studying how to play my guitar or how to ride a horse!)
That yes, while the situations you’ve lived through weren’t ideal, that there’s a purpose behind them.

I choose to believe the pain is for some reason, even though that reason will never be something I clearly understand.

Now think and realize the phases of the life of the Empeor Moth.
It has to struggle TWO times... not just one!
The first time to begin to just crawl...
The second to be able to fly...

Have I made myself clear enough?