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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #2,401
  • Feb 16, 2020 1:23am Feb 16, 2020 1:23am
Hi Jupiter I always appreciate your posts , ideas, understanding and knowledge. I also empathise with your struggle with FF. I think what is really important is that you have insight into your issues with FF, you understand that as a human wanting to interact you are drawn to FF, but that the interaction frequently fails to meet expectations and is frustrating! People are a challenge, finding common ground is a challenge , but when you maintain your integrity and express what feels correct to you, then you should feel proud and true. Thanks for offering gems .
Cheers h
  • #2,402
  • Feb 16, 2020 1:29am Feb 16, 2020 1:29am
Quoting Jupiter
... when I read what I am forced to read here on FF I cannot remain calm. I just want to shout...
Then sometimes you can read interesting things.

Quoting ninner
the turtle system rocks....it is trending...lots of great trends out there.
Question is: we all have different ideas about what is a Trend!

Quoting akim0895
USING STOP LOSS OR NOT.... at forex some said.. everything going up will going back down same when going down also went back up.. but.. how long price will take time to going back at our position point? and how many pips we want to target from its? for example.. let say..floating red with 100-200pips and price back at our entry point we close them with BE or small green.. let think how many we can made at that 100-200pips range play before back to our early position.. so how about learn to accept small loses and came back with big gain.. however.....
Yes, I tried to explain the same view! No way! People ignore simple mathematics and simple facts. They love their beliefs.
  • #2,403
  • Edited 2:06am Feb 16, 2020 1:41am | Edited 2:06am
Question is how to discuss things. All it is relative to the dimension of your account and profits already banked.

Curtis Faith, the most famous Turtle, admitted he had a floating Draw Down of 70% of his account!
1) How many know that?
2) Do you want a system that does things like that? Are you able to manage it?
It is similar to the discussion we had on Carpe diem where they let the market go 750 points against their positions.

Moreover written discussion and confrontation are not so easy.
Surely gambling is simpler and less demanding.
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  • #2,404
  • Feb 16, 2020 2:23am Feb 16, 2020 2:23am
How to go behind the veil? How to tear the veil away?
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  • #2,405
  • Edited 6:01am Feb 16, 2020 2:55am | Edited 6:01am
What I suggest is the use of market research and observation
to create Models that capture how the market is moving at a particular period of time.
This is a M1 zoom out.
The last DAX movements in the Now.
Markets always reflect Supply and Demand balance and/or disequilibrium.
My trades of Friday afternoon (as a Bear inside a Bear Move) are on Piquant Journal.
(Piquant is so gentle... but I have to limit my invasion and my rants... ROFL )

Brett N. Steenbarger, Ph.D.:
"Research in implicit learning does not support the idea of rapid intuitive learning.
There may be individuals so gifted in their pattern recognition skills that they can identify and pick up on market shifts with relatively few learning trials.
Research, however, suggests that this is not the norm.
It generally requires thousands of trials to internalize complex patterns, even under facilitative laboratory conditions."
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Click to Enlarge Name: 14_02_20 mt4 DAX m1 totale superzoom out 3.JPG Size: 154 KB
  • #2,406
  • Feb 16, 2020 1:10pm Feb 16, 2020 1:10pm
Quoting Jupiter
{quote} Then sometimes you can read interesting things. {quote} Question is: we all have different ideas about what is a Trend! {quote} Yes, I tried to explain the same view! No way! People ignore simple mathematics and simple facts. They love their beliefs.

hahahahaha ..how do you define a trend sunshine???
  • #2,407
  • Feb 16, 2020 10:52pm Feb 16, 2020 10:52pm
Quoting ninner
hahahahaha ..how do you define a trend sunshine???
1) Sir, I say it again: I'm back from a thread where people call Uptrend a 750points Decline.
I went there to offer my opinion as an observant (classic) Trend Follower.
2) I wrote 200pages about Trends inside Trends. I'm not the one confused. I think I am a proper "Charles Dow Trader"!
3) I was saying I liked your post.

Etcetera, as usual on FF.
  • #2,408
  • Feb 16, 2020 11:03pm Feb 16, 2020 11:03pm
Quoting Jupiter
Brett N. Steenbarger, Ph.D.: "Research in implicit learning does not support the idea of rapid intuitive learning. "
Just an example of what I mean....
you know what Elliot wrote in his book?
He wrote that it took him three years to figure out how to put his own Theory into practice.
This is the guy that originated Elliot Wave analysis!!!
It took him three years to figure out how to use it.
How long is it supposed to take us to figure out how to use that?

"Modeling and remodeling create the number of trials needed for skilled traders to acquire a feel for changing markets.
The trader running many models per day sees and experiences many more markets
than the trader who simply follows the market during trading hours.
This accumulated exposure accelerates the learning process, allowing the trader to more rapidly adapt to shifting market conditions.
Modeling becomes a tool, not only of learning market expectations, but relearning them under changing circumstances.
Replaying similar markets from the past based on what-if criteria
and examining statistical regularities among those similar markets
is a way of, first, learning the rules of the market
and, second, identifying when these are changing." - Brett N. Steenbarger, Ph.D

In two word: Study (the right things!) and Practice.
A lot of study and a lot of practice.
  • #2,409
  • Edited 3:13am Feb 17, 2020 12:16am | Edited 3:13am
This is the continuation of the Trade posted on Piquant Journal.
I had the leg down AND the leg up.
I made the reversal call LIVE ("time for a natural reaction") always on Piquant Journal.
#2134

My troubles are not with "Buying the dips"! It is what I'm doing.
My trouble is about "averaging down" in a strong Decline.
I already had the same discussion on TAF and it was a crude, unpolite and tough one.
My maximum time horizon is the H1. I don't trade H4 and D1: they are not my terrain.

Which strategy did the major number of Points?. Buy and hold or Trend Following? Mathematics is not an opinion!
(61+47+79 linear points)

Squared. DAX m5.
I'll start afresh.
That's all.
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  • #2,410
  • Feb 17, 2020 12:32am Feb 17, 2020 12:32am
The trade I'm in! DAX m5. Already banked the first 10p!
I can't do more than this TRADING LIVE... writing and posting in the same time.
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  • #2,411
  • Feb 17, 2020 12:36am Feb 17, 2020 12:36am
Quoting hellsbells
...when you maintain your integrity and express what feels correct to you, then you should feel proud and true.
Simply my point of view, and I'm mr. No One.
  • #2,412
  • Feb 17, 2020 2:03am Feb 17, 2020 2:03am
Stop Hit (-2.5) and Reversed position while writing on Carpe diem...
Banking some on London Open (while waiting for new info).
757 level of interest
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  • #2,413
  • Feb 17, 2020 2:18am Feb 17, 2020 2:18am
Try to think to what I've always said, in all my posts... "Fix your rules".

Trend forming
Trend comfirming
Trend established
Trend reasserting
Trend exhausting
Trend changing
Trend re-testing
  • #2,414
  • Feb 17, 2020 2:28am Feb 17, 2020 2:28am
I live in the present! I don't try to forecast a non-existing future!
I ask the market about the market... and I follow the answer. Accepting all the consequences. Period.
  • #2,415
  • Feb 17, 2020 2:49am Feb 17, 2020 2:49am
Banked 746.
OODA
  • #2,416
  • Edited 3:38am Feb 17, 2020 3:18am | Edited 3:38am
Someone else made the generalization... I simply answered with the opposite factual demonstration.
How do you measure the length of a river? And the length of a coast?
Chapter closed.
But of course the question will remain until the next, inevitable generalization.
It's the Forex Factory nature. Take it or leave it.

I'll say it again and again: Trading has an history. There's no need to re-invent the wheel each new week! ROFL.
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  • #2,417
  • Feb 17, 2020 3:34am Feb 17, 2020 3:34am
Quoting Jupiter
How do you measure the length of a river?
You get a really, really long piece of string and follow the course of the river pinning it down every now and then until you reach the sea.
When you get there you straighten out the string and measure its length with an enormous ruler. Ahahaha....

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  • #2,418
  • Feb 17, 2020 3:39am Feb 17, 2020 3:39am
Quoting Jupiter
{quote} When you get there you straighten out the string and measure its length with an enormous ruler. Ahahaha.... {image}


I'm here thinking who's got that enormous ruler ?
...
  • #2,419
  • Feb 17, 2020 3:41am Feb 17, 2020 3:41am
Quoting Piquant
I'm here thinking who's got that enormous ruler ?


Now seriously and to conclude the show.
Think about that Livermore quote: "Nobody can catch all the oscillations of the market!"
That's the point on which we have to meditate, aspiring to be a pro.
  • #2,420
  • Feb 17, 2020 3:43am Feb 17, 2020 3:43am
Quoting Jupiter
{quote} Now seriously and to conclude the show. Think about that Livermore quote: "Nobody can get all the oscillations!" That's the point on which we have to meditate, aspiring to be a pro.
Beautiful conclusion !
...
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