The Bucking Bronco

So Bullish that... when the market turned Bearish, they didn't believe it.

(Nice profit, I had a good day.
But I'm not too satisfied about my performance: too many hesitations in front of the enemy.)

hold your course. never be a pig..

A series of nice quotes: possible object of powerful meditation! In fact these words go right to the point.
It's all a question of correct Mindset!



The market has a simple way of whittling all excessive pride and overblown egos down to size.
After all, the whole idea is to be completely objective and recognize what the marketplace is telling you,
rather than try to prove that the thing you said or did yesterday or six weeks ago was right.
The fastest way to take a bath in the stock market or go broke is to try to prove that you are right and the market is wrong. - William O'Neil

90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework. - William O'Neil

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

"If I learned all this so slowly it was because I learned by my mistakes,
and some time always elapses between making a mistake and realizing it,
and more time between realizing it and exactly determining it." - Jesse Livermore

It happens like this.
Something hits me. I follow an idea, a chain of thoughts ... and then I start to write what will be a post, here on my journal.
I begin to watch inside my notes.
I do a search inside my digital archives and confront my sources.
The obligation of seriousness that I imposed on myself leads me to look for the right words.
The use of a foreign language forces me to reflect at least twice on each statement.
The benefit to myself is immense!
This is why I continue to be here... when I deeply want to leave this Forum.

I often go back to reading what I wrote in the past and wonder ...
"Hey, but how did I write it like this? It's so clear!
Why then, during the battle, I don't remember this stuff with the same clarity...?"

Absurd experience. But very formative.
Writing here, I'm working on my self: reinforcing my convictions, consolidating my view and my Mental Road Mad.

(Very often a new post of mine is a reaction to something I have read somewhere else.
And my post is an indirect answer to someone!)

Sometimes I'm a disaster in reading other people's charts and I have to ask for more info.

Red arrow = sell (1 entry short)
Blue arrow = buy (3 partial exits in take profit/scaling out)

Right? Or wrong?

My Lord Willoughby's Welcome Home
How many times I did play this one with my guitar teacher!
Oh, Dear Claudio! Nice memories.
But your hard whipping at me was horrible!

Technical Perfection... Textbook continuation!
All the Patterns are visible on a m1... pure beauty. A classic "telephone call by Market's Makers", as I use to say.

One day (so many years ago... ) he literally tore my guitar from my hands and put it back in the case.
"Don't come here to study." He yeld at me.
"You have to study at your house! When you come here ... we play!"

Sounds familiar, doesn't it?

Shame on you... Ridiculous, small people.

First plenary assembly at the Strasbourg European Parliament. Brexiters and Catalans turn their backs at the time of the Hymn to Joy

DAX m1 again: some points and level of interest highlighted.

Every tick that takes place during the day is important.
There are more trades on a chart than just the few evident ones;
but to see them, you have to know price action/behaviour and you have to follow each bars as important.

Some of the most important things can be very small.
I have learnt to read charts candle by candle, trying to get all the information that each bar is offering me.
At the end of every bar, most traders ask themselves, “What the hell happened?”
They normally don't understand and choose to wait for some clearer and usually larger pattern.
It is as if they believe that the single candle does not exist, or they think at that as an activity that is not tradable by an individual trader.
They do not feel like they are part of the market at these times, but these times constitute the vast majority of the day.

Clearly, a lot of trading is taking place at each new level. Ignoring that is denying reality.
There is always trading taking place, and as a trader, you have to understand why it’s taking place and to figure out a way to make money off of it.

Learning what the market is telling you is very time-consuming and difficult,
but it gives you the foundation that you need to be a successful trader.

fti deleted his nice post: those sweet words I had waited so long...as a consequence I was compelled to delete mine, of course.

I was so happy for a few hours... Now I am very sad again!

Jesse Livermore...
"The speculator's chief enemies are always boring from within.
It is inseparable from human nature to hope and to fear.
In speculation when the market goes against you you hope that every day will be the last day
and you lose more than you should
had you not listened to hope to the same ally that is so potent a success-bringer to empire builders and pioneers, big and little.
And when the market goes your way
you become fearful that the next day will take away your profit, and you get out too soon.
Fear keeps you from making as much money as you ought to.
The successful trader has to fight these two deep-seated instincts.
He has to reverse what you might call his natural impulses.
Instead of hoping he must fear; instead of fearing he must hope.
He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.
It is absolutely wrong to gamble in stocks the way the average man does."

Susan Slyman - 2000 - Market Warriors

Equilibrium on the 50% of the entire move...
Alternate sequence of Bullish and Bearish (Textbook) Patterns...
Coiling Phase.

Left side of the chart...
- the levels that the Price has visited and
- the things that Price has done.

Left is history and Right is mistery... Yes or not? Or what?

What the heck does Trading mean? And Technical Analysis?
There's a difference between Trading and Gambling?
And between bias and prediction?

The discussion is open and free.

(To the hell the intuition and the bottom line bullshit!
We're Traders not tea leaves or coffee grounds readers.)

OO-DA