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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #5,801
  • May 15, 2020 11:49am May 15, 2020 11:49am
Quoting Jupiter
{quote} Yes. You got the point right. Because I always know where I am in relation to the fair price! Always.
aha. whatīs up with "mother market is always right"?
fortis fortuna adiuvat
  • #5,802
  • May 15, 2020 11:52am May 15, 2020 11:52am
After the fact. Always! And that to me becomes just a precious help.
But I don't like any form of deception or trick.
All is written black on white in these pages.
I don't care about the bottom line but only about the quality of trading.
  • #5,803
  • May 15, 2020 11:54am May 15, 2020 11:54am
Quoting Jupiter
After the fact. Always!
what do you mean by this?
fortis fortuna adiuvat
  • #5,804
  • May 15, 2020 12:02pm May 15, 2020 12:02pm
Quoting Jupiter
{quote} I don't say that there is only one way to trade. I say that there is only one more safe and more profitable. The Gann's way!
maybe itīs more safe, but i question if itīs more profitable.
fortis fortuna adiuvat
  • #5,805
  • May 15, 2020 12:08pm May 15, 2020 12:08pm
Quoting Jupiter
{quote} Did the enemy upset my "Observation-Orientation-Decision-Action" time cycle, my OODA loop? Absolutely not. I'm re-reading some from Sun Tzu and Col. Boyd about "surprise, initiative, and flexibility", refreshing my deep convinctions. We will meet on the battlefield next week. I place my emphasis on manoeuver, thinking, and asymmetric warfare instead of Clausewitzian brute force!
clausewitz is taught not only at westpoint but at many other warfare academies around the world up till today. canīt be so wrong.
fortis fortuna adiuvat
  • #5,806
  • May 15, 2020 12:33pm May 15, 2020 12:33pm
Quoting Jupiter
Do you (all) understand mathematics? Yes? Now... I'm always ready to turn and to take 430 points in the other direction. Summing that all! Averaging down is a logic mistake. And to me, with my mindset and moral, also an ethic mistake! Rule and mindset: You must NEVER be caught on the wrong side of a term trend. NEVER. All the rest are bullshit or cow dung! It works? I don't care... I don't judge by the bottom line.
market is free of any moral and of any ethical principle. only thing that counts is the outcome when inline with the laws given by the regulators. in other words or with an analogy: letīs say you are trading with the trend and you are realizing your profits. for every trade closed in green you need a market participant that is willing to take the other side of your trade, realizing a loss (when opened earlier) or risking his money on that newly opened position. so itīs a zero sum game. market gives and market takes. no ethics there: price divides us all in two parties: those who lose and those who win - thatīs all.
fortis fortuna adiuvat
  • #5,807
  • May 15, 2020 12:55pm May 15, 2020 12:55pm
Very happy to be so intellectually stimulating.
Trading is a personal journey and these reported in previous posts are all my deep convictions.
I have nothing to add.
It is all written in my pages and it is material for a possible personal research, if interested.
Gann true tactics.
Moral and Ethics in warfare.
The difference bertween Napoleon's strategy and the modern asymmetric war.
Etcetera.
Above all, I have no interest in changing anyone's mind.
And of course nobody can change mine.
  • #5,808
  • May 15, 2020 1:11pm May 15, 2020 1:11pm
Quoting Jupiter
Very happy to be so intellectually stimulating. Trading is a personal journey and these reported in previous posts are all my deep convictions. I have nothing to add. It is all written in my pages and it is material for a possible personal research, if interested. Gann true tactics. Moral and Ethics in warfare. The difference bertween Napoleon's strategy and the modern asymmetric war. Etcetera. Above all, I have no interest in changing anyone's mind. And of course nobody can change mine.
glad to see you happy. do your thing, iīll do mine.
fortis fortuna adiuvat
  • #5,809
  • May 15, 2020 1:13pm May 15, 2020 1:13pm
Quoting Jupiter
Do you (all) understand mathematics? Yes? Now... I'm always ready to turn and to take 430 points in the other direction. Summing that all! Averaging down is a logic mistake. And to me, with my mindset and moral, also an ethic mistake! Rule and mindset: You must NEVER be caught on the wrong side of a term trend. NEVER. All the rest are bullshit or cow dung! It works? I don't care... I don't judge by the bottom line.
Rule and mindset: You must NEVER be caught on the wrong side of a term trend. NEVER.
All the rest are bullshit or cow dung!

This is all that matters !
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,810
  • May 15, 2020 10:44pm May 15, 2020 10:44pm
Quoting Dutchy Daxy
This is all that matters !
  • #5,811
  • Edited 11:50pm May 15, 2020 10:46pm | Edited 11:50pm
Matter for weekend meditation. The Pillars of my Journals.


W. Wilder/Jim Sloman: “To repeat: Everything whatsoever that states what a market should do is absolutely irrelevant.
(Note: Not necessarily wrong, just irrelevant.)
The only thing that matters is what the market is actually doing.“

W.D. Gann: - "Always be progressive. Do not cling to old ideas or theories.
Learn to follow the trend, regardless of what you hope or think or what statistics say.
Then you will make money because you will be going with the market trend and not against it. “

Col. Boyd: - Surprise, initiative, and flexibility.
In aiming to defeat an enemy’s strategy, modern war theorists focus on the acme of Sun Tzu like skill
and place emphasis on manoeuvrer, thinking, and asymmetric warfare
instead of brute force, mass, and bloody pursuit of decisive battle (Napoleon/Clausewitz).

Jupiter: - Ethics and moral conduct within war is part of the education of a good soldier.
Humility, Honour and Chivalry are high qualities of a warrior.
War crimes exist and are condemned and punished.
(The Moral Law is the first of the five Sun Tzu factors that must be taken into account...)
  • #5,812
  • May 15, 2020 10:51pm May 15, 2020 10:51pm
DAX Ger30. H1. The last actions: where are we.
All depends from the timeframe one decides to cope with.
I trade Intraday on lower, short term timeframes.
For me Daily chart horizon is often too, too far in time.
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  • #5,813
  • May 15, 2020 11:03pm May 15, 2020 11:03pm
Lyrics...
Man of determination.
"I worked extremely hard,
aspiring to be a strong and courageous man."
"I am a man and I must strive to strengthen myself.
Walking in firm steps and standing upright."
Inserted Video
  • #5,814
  • May 15, 2020 11:11pm May 15, 2020 11:11pm
Read somewhere on Forex Factory.
"I don't agree that there's a history of ranging price that leads to a higher break,
it can range for an eternity theoretically... & it wouldn't justify a causality.
As I said you can take any frame work, psychology or any sort of comfort and it'll lead to the same thing.
Price can be anywhere, at any time, retrace anywhere with no regard.
That was never the point when it comes to managing something professionally."

Now imagine how this other member will trade!
That's the major trouble: in general but especially here on FF.
Be careful about what you let to get in your mind. The effect is guaranteed. "Garbage in, garbage out."
  • #5,815
  • Edited 6:16am May 16, 2020 1:48am | Edited 6:16am
My trading of yesterday viewed on a m1.
My way to play inside the oscillations.

Honestly, I can't criticise any of my choices, even the "mistake" (between quotes) about the ascending triangle.
Maybe just the third attempts to south, not the first two.
The reverse to long was executed perfectly on time and had a correct exit in anticipation! (Blotters posted.)

(However: if one looks with attention... he can see the ascending TL that the price followed since the open and its further break down!)

I was always glued to the price milking each turn!
That is the major profitability of this approach: for sure not that easy!

The last pyramiding short was simply amazing. (Blotter posted.)
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  • #5,816
  • Edited 3:59am May 16, 2020 2:08am | Edited 3:59am
Anyway... this is the Reality. And it is one and only one!
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  • #5,817
  • May 16, 2020 3:47am May 16, 2020 3:47am
DAX Ger30 H1 update.
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  • #5,818
  • May 16, 2020 10:57am May 16, 2020 10:57am
Quoting Jupiter
Matter for weekend meditation. The Pillars of my Journals. W. Wilder/Jim Sloman: “To repeat: Everything whatsoever that states what a market should do is absolutely irrelevant. (Note: Not necessarily wrong, just irrelevant.) The only thing that matters is what the market is actually doing.“ W.D. Gann: - "Always be progressive. Do not cling to old ideas or theories. Learn to follow the trend, regardless of what you hope or think or what statistics say. Then you will make money because you will be going with the market trend and not...
i never understood and i will never understand the hype on Gann:

firstly, all this astrology-related trading stuff is nothing any sane trader should take into account. that is just an esoteric pseudo-science for the half-educated.
secondly, he died not as a wealthy man and could not support his family from trading. "he asked why if his dad was as good as everyone said, the son was still smiling and dailing, calling up costumors to trade" (his son John Gann in an interview)
why on earth one should study techniques of a non-successful trader?
thirdly, his own promoter F.B. Thatcher stated Gann "was just a good promoter, not necessarily a good stock trader."

just shaking my head...
fortis fortuna adiuvat
  • #5,819
  • May 16, 2020 11:02am May 16, 2020 11:02am
Quoting Jupiter
On monday everything will be different and everything will be the same! Yeah. Jesse Livermore: "There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
omg - jesse livermore:
On November 28, 1940, just after 5:30 pm, Livermore fatally shot himself with an Automatic Colt Pistol in the cloakroom of The Sherry-Netherland hotel in Manhattan, where he usually had cocktails. Police found a suicide note of 8 small handwritten pages in Livermore's personal, leather-bound notebook.[7][13] The note was addressed to Livermore's wife, Harriet (whom Livermore nicknamed "Nina"), and it read, "My dear Nina: Can't help it. Things have been bad with me. I am tired of fighting. Can't carry on any longer. This is the only way out. I am unworthy of your love. I am a failure. I am truly sorry, but this is the only way out for me. Love Laurie".[9]
His son, Jesse Livermore Jr., committed suicide in 1975. His grandson also killed himself.[5]
fortis fortuna adiuvat
  • #5,820
  • May 16, 2020 11:09am May 16, 2020 11:09am
iīve never read a trading book, and those two examples above show just one thing: i did not waste time. the herd studies books instead of studying a relevant subject, getting real knowledge and a degree, a real job with good salary, building up wealth by saving and investments, getting praxis on a relevant job and after that starting to trade.
fortis fortuna adiuvat
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