The Bucking Bronco

I've said many time of Forex Factory Jupiter, that this place is not about quality posts, it's about quantity, because 'number of hits' that this website gets is used as a marketing tool to attract advertisers, which lines the FF owners pockets. Sad, but we can see it with our own eyes.

On the other side, it is the average condition of the average Trader.
Unfortunately this is the reality of this world.

We must train ourselves to be a predator and not a prey.
Not everyone can be saved.

I suppose so. To me it makes a mockery of the old saying that 'you can't fool all of the people all of the time'.....because apart from a handful of people here, it seems that you (they) can!!

Frankie is here. Trade well, safe.... and sober!

I will....you too!!

What a day yesterday on my DAX.
Still another splendid confirmation of a mental and technical approach:
> Price is the King.
> Everything is on the chart (Market discounts everything!).
> Trade on facts and not on opinions.

From Frankie's opening, very powerful and directional, through an awaited Trend Day.
Everything was already written on the D1.

If you missed the move: stop trading and start studying.

As I said... it is impossible to understand each other.
I don't understand a word of what the other traders say...
They think the NFP moved the market.
To me, the move started on 25 of June.
What can I do?

And in fact the question is: what am I doing? How can I (mr No one) change the pack mentality?

EDIT
This attachment below is part of a long, clever and reasoned post read somewhere on Forex Factory.
I understand very well the reasoning and the difficulties expressed with so great precision.
But... I have demonstrated, trading LIVE for years here and on Carpe Diem, that all that could also be not true.
It all depends by your method of approach to the Market and Price.
It all depends by your personal level of knowledge and tactical ability on the Terrain.
A possibility to overcome the hurdles exists.
There is a possibility of choice: in which universe do you prefer to live?


"For me, the critical question is this: given the way that the banks/institutions move price around during the day, are these moves large, perceptible and 'clean' enough to be systematically exploited? To whatever extent the trader waits for 'confirmation' during his entry process, he is forfeiting pips (in exchange for what he hopes will be a higher win rate). If he exits using profit targets, then he will be forfeiting pips whenever the move exceeds his target; or if he uses some kind of trailing SL, then he is forfeiting pips during the price retracement to the SL. In other words, whatever approach he uses, he can capture only part of these moves, whatever the extent of his inability to forecast market turning points with perfect accuracy. Those are the considerations for profitable trades. Then he must also calculate how much initial adverse movement he must allow, in order to keep his losses as small as possible, but while nonetheless keeping his initial SL wide enough so that too many potentially profitable trades don't get stopped out prematurely as losses. Then of course there are also costs (spread, slippage etc) which make his wins smaller and his losses bigger. The intraday price moves need to be large, perceptible and 'clean' enough to allow all of these issues to be overcome. And of course we must not forget the psychological element: he must have the confidence necessary to execute his trades with discipline and composure."

I spent the whole morning immersed in the beauty of my charts. Strictly working on visualization and interiorization.
Even in the worst day Mother Market leaves evidences and signs ...
all seemed to me like the logical and rational representation of the clash between Bulls and Bears.

There is this "mass culture" and I think I know who has an interest in continuing to spread it ... LOL.
And there is Culture, with a capital "c".
Of those times before computers, when the charts were drawn by hand and the Great Traders knew what they were talking about.

Financial markets are extraordinarily complex with their multitude of players, each with a different agenda/plan and time perspective,
providing the Educated Trader with an amazing variety of opportunities for profit.

Everything is on the charts... Frustration, misunderstandings and psychological instability are - just and only - the result of ignorance. Period.

The good news is that ignorance can always be fixed: through study and practice.

At a certain point of the morning I received a clever, deep and profound PM by a reader about pure Price Action.
Yes. To comprehend and understand is possible.
Free yourself and enter in another universe.

Thanks to that PM I received, I spent a good part of the weekend with Mr. Wyckoff and the modern Wyckoffians.
I wanted to be sure I had given the right answers and I took the opportunity to refresh the Wyckoff Analysis Principles.
I then went back to examining the Covid-19 charts in detail for DAX and other Indeces,
and, as always... there are several things I hadn't seen!

Everything is on the charts. Price is King when it comes to the market.
It was a deep intellectual pleasure when, connecting the dots, I saw how Mr. Wyckoff incorporated a precise Gann's Lesson in his schematic.
A light-bulb... a classic "a-ah moment".
It was the beauty of studying.

I can only pathetically repeat the same things.
The problem is ours: the problem is only our ignorance (and our damned Bias!)
We must train our eyes to see.
We must clarify, hone and reinforce our Pre-Planned Sequences.
And it takes time... time... time.

In the attachment a detail of DAX D1 Bottom.

Same situation and feelings, now!
Answering to another nice PM.
Why don't you write on the Journal guys and girls... some of you are very good!

OK. Basic Meditation: Impulse and Correction.
From C.H. Dow to R.N. Elliott... to Wyckoff and Weis: "Think in Waves!"

Another old friend of mine... Mr. Neil Young.

@All.... Trade well. Have a nice day on the Markets.

For those who have not seen the two blotters that I have published and deleted...
I can assure you that the study of the weekend was very useful and profitable!

Employ classic methods handed down by the Forefathers of Technical Analysis.
Let them guide you.
Get back to the basics and refine your skills by seeking the wisdom of the old market strategists.
They are time-proven and robust.

Goodbye, Maestro! And thank you!
How many pieces comes to my mind...

Thinking in music is like having a relationship with the unknown,
it is a way of looking for the soul of the world.
Perhaps Ennio Morricone (like the true Great Musicians) had found that soul and tried to tell it to us, miserable mortals, through his compositions.
Music that could move, scare, reveal mysteries, show wonders.
Music that made things live besides people, that made fiction true, that transformed and modified the images we saw with our eyes, in front of us.

From "Sapore di sale" to "Serenata Passacaglia" I followed and loved his work. It will surely remain forever with us.

1971. ...and I still remember that film!
Romy Schneider and Marina Berti... splendid women!
Inside this piece there is an idea, a melodic line, a sound concept that I believe has followed Morricone throughout his life.
Beautiful... with its echoes of Mozart and Puccini.

They trade on Fear and Greed.
They trade only on Hope.
And they like it.
They feel themselves as heroes against markets.
"I saved my ass again" is their motto.

I hate gamblers: they destroy this profession.

Banking! Now.

We must educate ourselves.
A Trader must understand that the question is about his personal intellectual preparation.
It was impossibile to be wrong at yesterday's WS opening bell on beautiful DAX!!! Just and simply impossible!!!
Having made a mistake there means not having the slightest knowledge of basic Price Action/Behaviour. Full stop.