The Bucking Bronco

I know that this could sound weird... but I'm not interested in those things.
The highs and lows of the market are the only thing that matters to me.

My trading of yesterday viewed on a m1.
My way to play inside the oscillations.
Just one biased trade, if one wants to be "fussy"... the second one!
But in any case the entry long was from a clear Double Bottom.
After that I waited for the confirmation to go short for the Break down that has been denied.

DAX Ger30 H1 update: the rising trendline perfectly held the price! Note the perfect Fibonacci confluence.
And note the broadening of the action.
(Broadening are the only situation in which Dow Traders like me are not at ease! ROFL )

"It can be very expensive to try to convince the Markets that you are right." - Ed Seykota

“Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend.” - Jesse Livermore

There's a saying, to each its own. Many ways to skin the cat.

Yet, all these quotes and words of wisdom I read above. They're all fine. But they must be put in practice. The question is how?

Here's a link https://www.nytimes.com/1915/02/18/a...e-made-in.html

He made millions and he lost them all. Why? Because he did not respect the market. He did not listen and he fought.
I've been there too. And I licked my wounds too.

The key here is respect. And how do you do that? By listening to the market.

Now, let's get another famous quote: "Everything should be made as simple as possible, but not simpler", A. Einstein.

And the market is simple, but not one-dimensional. There's more to know than the chart if we're to prepare in advance and be well positioned for the future moves.

Now, here's another key:
The price and chart is backwards looking. It's an expression on what happened, in the past.
It does not say what will happen in the future. And it is the future that we're interested in. Not the past.

So, knowing more goes a long way in predicting instead of reacting.

You. Not me for sure.
I have no interest at all in a non-existing future.
I live in the present and I trade the present.
Speaking of “predictions”... the title of this Journal, a citation from Bill Dunn, is exhaustive. That word is not used here.

Sir, have you ever read what Livermore honestly wrote about his losses?
Exactly about the respect of his own rules!
His historical (and charismatic) person is much more complex and complicated than the popular "vulgata".
As I said I'm against the Forex Factory Trend. And I perfectly know it.
I wrote 400 pages about my way to see things.
And I wrote (almost) everything.
Nothing more to add or demonstrate.
For sure I won't start again from the post #1 of "Back to the Future."
I wrote there "Welcome in MY universe!"

How to build a proper, personal "Mental Road Map" – 33

Another look at m1.
Understanding Broadening Formations

Broadening formations occur when a market is experiencing heightened disagreement among investors
over the appropriate price of an instrument over a short period of time.
Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to sell.
This creates a series of higher interim peaks in price and lower interim lows.
When connecting these highs and lows, the trend lines form a widening pattern that looks like a megaphone or reverse symmetrical triangle.

This could happen at any moment in time: at top, bottom or intermediate level.

I study the past to understand Mother Market objective reality.
"Every movement in the market is the result of a Natural Law
and of a Cause which exists long before the Effect takes place..." - W.D. Gann

A concept clearly impossible for Forex Factory audience, contrary to all the things people believe on this Forum.
The reason why my scouts are 95% right.

Understood.

I'm proposing a completely different Moral tension and effort.
A different dimension of Trading.
Wisdom is the ability to separate and distinguish between the Impulse and its Retrace... (Primary Trend and Secondary Reaction.)
All the traders' attention and focus have to be put in the understanding of the Market Dynamics and Direction.
Any deviation from this objective will separate Trader from the Market,
with the consequence of the triumph of Ego and Egocentrism.
The only commandment is to adapt. (Don't fight, Obey and Adapt)
Not to impose your will and view on the Market. (Market is always right.)
Discipline has a large meaning in this setting: it means faith, humility, and self-regulation.
The sense must be clear.
Only losers average losers: one insists on being right even when he has been proven wrong.

Completely different horizon is to correct and re-balance your position when “Correct in Direction but Out of Timing”.
But this is my Universe... not the universe of TAF readers that are just searching a medicine for their ignorance and mistakes.

This idea of "no more wrong trades..." or "make a winner out of a loser" is extremely dangerous for beginners and normal people.
A profound mistake in education.

I already stated all this clearly! Here.

But, who am I to give advice and suggestions? I'm nothing. I'm mr No one.
Just a stupid, insignificant, microscopic student who has spent a lot of time with the true Gann: the Master Swing Trader.

How to build a proper, personal "Mental Road Map" – 34
Modern Military Strategic Studies.

Col. Boyd: - " Complexity (technical, organizational, operational...) causes commanders and subordinates alike to be captured
by their own internal dynamics or interactions – hence they cannot adapt to rapidily changing external (or even internal) circumstances."
"In a strategic sense, we need a variety of possibilities as well as the rapidity to implement and shift among them."

"Message:
• He who is willing and able to take the initiative to exploit variety, rapidity, and harmonyy--as basis to create as well as adapt to the more indistinct - more irregular - quicker changes of rhythm and pattern, yet shape focus and direction of effort--survives and dominates
or contrariwise
• He who is unwilling or unable to take the initiative to exploit variety, rapidity, and harmony ... goes under or survives to be dominated."

A view of DAX Ger30 m5.
A possible Study of Lines.
All the Bears efforts were systematically defeated.
Even the last AB=CD produced a shallow retrace.
Psychological BRN in sight.

My fti. (but he doesn't want that I put my hands on him...)

TAF
#41645 - just go in brain. click settings.
under the heading rigidity, move slider to less rigid.
under headings adjustment to situation, move slider to max.

You can only lead a horse to the water ....

Good morning.
DAX Ger30.
Market Open changed the H1 Trend to up.
Trade safely.

Bulls don't accept the retrace. OODA.
Fix your levels.

Do not have doubts about me... Never! (Actually this is my second short! First I sold 825.)

11500 could be a destination..wanted some cheeky longs, but changed my mind. Now

Follow. Don't lead. Flow.

Scaled out 675 and trailing stop on! Ready for all the eventualities.