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Going for it

  • #441
  • Nov 20, 2023 4:44am Nov 20, 2023 4:44am
Quoting yaed
{quote} i think to myself "No not now." I dont know if thats because of market conditions or if its a matter of not being in the zone. The effect is the same though: No trading at the moment.
Either of them missing do NOT trade! It s simple, just for most of the people it s hard. VERY HARD.
  • #442
  • Nov 21, 2023 12:27am Nov 21, 2023 12:27am
Quoting LaszloTrader
{quote} Either of them missing do NOT trade! It s simple, just for most of the people it s hard. VERY HARD.
Like today. Ive got all day until 15:00 PM. Im feeling kind of OK, but not at all great. I have not been doing well trading. Is this a good day for trading? Or should i just practice Muay thai? Maybe im just letting myself off the hook and running away from responsibility if i dont trade today?
My signature is: "Classified".
  • #443
  • Nov 21, 2023 12:59am Nov 21, 2023 12:59am
Quoting yaed
{quote} . Is this a good day for trading? Or should i just practice Muay thai? Maybe im just letting myself off the hook and running away from responsibility if i dont trade today?
Seems Your frame of mind not proper to trading right now.
Eithe You need some mental warm up to reach the ZONE, or if the mental damage is bigger, You must restore it somehow. Have a rest completely from trading, or cut Your size to 10th, 20th of the normal size of Yours. Just get back Your rithm, Your confidence!
  • #444
  • Nov 28, 2023 11:16pm Nov 28, 2023 11:16pm
Im doing somewhat better.
And this is what im focusing on now:

  1. I try no to focus to much on individual candles on M1, and the exact PA. Because various brokers/banks have theyr own price.
  2. I look at the SR places on H1. But i dont care to much about individual candles on H1. In the past i have paid far too much heed to the highs/lows of indidivual current H1 candles as compared to the previous candle.
  3. Mostly i pay heed to double/tripple lows/highs on M1. So mainly i focus on formations of M1. Although i sometimes pay too much attention to this as well.
  4. Probably its a good idea to rather sketchily figure out which direction in the long term seem to be the better one and stick to that one, and not switch things around to much. It lowers the amount of trades/day, but it makes each one better.

My signature is: "Classified".
  • #445
  • Nov 28, 2023 11:21pm Nov 28, 2023 11:21pm
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My signature is: "Classified".
  • #446
  • Nov 28, 2023 11:26pm Nov 28, 2023 11:26pm
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My signature is: "Classified".
  • #447
  • Nov 29, 2023 12:17am Nov 29, 2023 12:17am
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Profit is still less then max drawdown i think.
But theres one more in there as it was going up...
My signature is: "Classified".
  • #448
  • Nov 29, 2023 12:18am Nov 29, 2023 12:18am
Since i enter on a formation i would want to exit on a formation as well.
My signature is: "Classified".
  • #449
  • Edited 8:49pm Nov 29, 2023 8:01pm | Edited 8:49pm
I had a dream.
It was a few years into the future.
like 7...
I was with one of my initial investors (my oldest friend).
I was telling him among other things about when i started self-identifying as a trader (which is today).
This dream has a back story which is: I have recently been meditating on the the question of who's money it is i want.
And now i know.
And its ok for me to get that money.

And because of that, my plan is to do something i havent done for years.
Load up the account.
+100%.

They say you cant remember numbers in dreams.
In that case i guess it wasn't a dream.
Because i had a belt, that apparently there was a tradition that those kinds of belts had some gold in them in like the buckle so they sold for 3.000$ dollars.
Im not absolutely sure of the currency but i think it was USD.
Apparently it was a traders last resort and there where sayings like: "I will bet my belt." And so forth.
As we where leaving the room to go outside i told him a nice price for someone s belt is 8.000$.
3.000$ is really the lowest.
There where two other people in the room sitting at computers.
But we did not much acknowledge those two as we left, so they where either concentrating or they where security.
My signature is: "Classified".
  • #450
  • Nov 29, 2023 8:20pm Nov 29, 2023 8:20pm
There was a TA aspect attached to the result of the dream (not to the dream itself).

1) Guess the long term direction of price based on current H4 behaviour or such.

2) Enter in that direction when price tells me im correct in my guess.

3) Chill out for 30 minutes.

4.1) If im in relative dire Straits close it. Fuck off and do something else. Like practice Muay thai or run 15 kilometers.

4.2) If its somewhat negative, chill 30 minutes. If after that its in dire Straits, close it and fuck off, otherwise go to 4.3.

4.3) If its in the positive, chill 30 min to see if it stopped or if there is more of it.

4.3.1) If there is more of it add to the position.

4.4) If it keeps going my way, keep adding. If it stops, close it.
My signature is: "Classified".
  • #451
  • Nov 29, 2023 8:43pm Nov 29, 2023 8:43pm
Whats what?
I think choosing an instrument and sticking too it is a good idea.
Because you can learn what means what.
Like is this a dramatic change?
Is this a big move?
Is it going slow?
Is it ranging or trending?
And so forth.
And a important knowledge can actually come from a standard indicator.
The average size of D1 candles.
That can tell you a lot as a measure to decide all those questions.
My signature is: "Classified".
  • #452
  • Dec 11, 2023 12:05pm Dec 11, 2023 12:05pm
Right now im mostly interested in two things.
Daily highs and lows.
The return to a high or low, often a daily high or low.
When price turns the other way it often skips to return to a former high or low.
Otherwise it very often returns to a these types of highs and lows.
My signature is: "Classified".
  • #453
  • Dec 13, 2023 11:50am Dec 13, 2023 11:50am
Dont ask: Why did i do that?
Ask: What can i learn from what i did?
Perceive this with a zen buddhist background.
The only real question is: How did it all come about?
And we cant say.
We need to realize that.
It all just happend.
As far as we are concerned.
Yet.
The way is no way, like the daoist say.
Let me refrase it: How do you clap your hands?
Actually you dont know.
You cant say.
Existence is ineffable.
Its not our place to say.
Its our place to live it.
Anybody who tells you they now how it began and where its going is a complete liar and a cheat.
We are not allowed to know.
But we are allowed to guess.

Why do we suffer so much?
Why is there so much suffering on earth?
We cant say exactly why.
But we can learn from it.
That dont mean there is suffering in order for us to learn.
My signature is: "Classified".
  • #454
  • Dec 14, 2023 1:04am Dec 14, 2023 1:04am
Dont worry
If i showed you my statement right now you would probably think to youself: What the hell is this guy doing?
If you added all the numbers up you would see that eventually it wasnt so crazy after all...
The point is not to worry.
About anything.
If you place trades and you are worried, and you look at them and you worry.
Then its all for nought.
Dont matter if they are + or -
The worry is the real -
So dont worry.
And by that i dont mean you should go around like a lunatic thinking that tomorrow will never come.
Because tomorrow wil probably come.
But just dont worry about it.
My signature is: "Classified".
  • #455
  • Dec 14, 2023 6:15am Dec 14, 2023 6:15am
The dot is in you´r head
On the right hand side of your statement you have the losses and the profits.
And it kind of seems like there is a dot somewhere.
Like 23.70 euros.
But that dot is mostly in your head.
Because you control where to put it with the position size.
My signature is: "Classified".
  • #456
  • Dec 15, 2023 7:57pm Dec 15, 2023 7:57pm
As good as it gets
Im going to try to be as systematic as i can be about this.
Its 4:37 AM here in Sweden. Inspiration is something that cannot be controled. Thats why im writing now.
It might seem smarter to write this like tomorrow when i have the time. But its not evident that it will be as clear to me then as it is now.
Because now i am inspired. So now is the time.

First of all, you got to be WELL ABOVE average intelligence to get this.
It doesnt matter that your friends tell you you are smart or that your mother does.
It doesnt matter if you are rich or poor.
You got to be smart, otherwise you are NOT going to get the subtle nuances, and there are many.
I cant explain everything in detail, you have to FEEL like you sort of get it.
Im going to try to explain how i trade when im doing it good.

Get a chart E/U and mark down W1 highs and lows and stuff like that.
Keep track of the former days high and low and watch that, if its above its a argument to buy and vice versa.
Stick to H1 on one chart and identify key places to trade.
Place trades on M1.
You do that using the ways to tell if its going up or down like i have explained here.
Its really rather complicated, but then again its not that hard.
You enter the trade as a POSSIBILITY that its going to work out nice if you do.

Your stoploss need seldom be more then 6 pip.
Your take profit will seldom be more then 10 pip.
Often you must close on a take profit of 5 pip.
There is about a 5-15% chance that if you DID enter well you will get 15-25 pip.

You close an open trade NORMALLY if the current M1 candle goes against your prediction AS SOON as it does.
By this i mean that if you have a buy, and the CURRENT M1 candle goes lower then the former candles low, you close it.
By this i mean that if you have a sell, and the CURRENT M1 candle goes higher then the former candles high, you close it.
Thats the most CAREFULL approach.
If you do that your losses will be MINISCULE.
Often you will have a profit even if the trade rather soon goes against you.

There are times when this should be set aside and the trade be kept.

Do not shy away from the news, but adapt lot size to volatility.

I have been perfecting this for 14 years, and im still far from done.
Meaning what im writing now is just the tip of an ice berg.
So its not at all a complete thing like do A, do B, do C.
If i had that and i wanted to present it i would charge 100.000.000 USD per client in a bunker with lead walls and i would walk out of there with 3 guys with assault rifles.
My signature is: "Classified".
  • #457
  • Dec 15, 2023 8:01pm Dec 15, 2023 8:01pm
Quoting yaed
A basic reading of PA Many years ago i deviced a way of reading price action. It might have been 2018 or something like that and its in one of those threads. And i still read it the same way. But it might be time to present it once more. So what do i mean? Well its a most basic way of telling if price is going up or down at the moment. It is ment to be able to be used on all time frames. But since i mostly care about M1, thats where my focus is. In natural language it looks like this: If the current candles high is higher then the previous candles...
This is where i begin to tell exactly how i read the M1.
My signature is: "Classified".
  • #458
  • Dec 15, 2023 8:01pm Dec 15, 2023 8:01pm
Quoting yaed
{quote} Lets delve a little deeper... So, thats not everything of course. And sometimes when i get to hung up on that interpretation, things go bad, real bad. So lets go on with the same chart, only now there is some more candles... {image} I sold at candle 1. At candle 2, i still kept it, which as it turns out, was not that smart... At candle 3 things starts to go bad, at price goes up again but i keep my sell. However candle 3 goes just a few pipettes up and it stops. At candle 4 we get maybe a pipette or two higher then candle 3, and still i...
This is the continuation...
My signature is: "Classified".
  • #459
  • Dec 15, 2023 8:02pm Dec 15, 2023 8:02pm
Quoting yaed
The SR and the HH, HL, LH and LL So remember, the words we use is not in themselves important, its how we act that makes the difference. So you got to keep all this in mind and train it enough to make it sublime. There is no REAL difference between SR, PA, and the highs and lows. Its all one and the same thing. We use these concepts only for the mind. They have no meaning in and of themselves. You can substitute every word for other words if it makes more sense for you. So with that said... {image} I sold at high number 2, since we bumped twice...
And thats about reading higher highs and lower lows and so forth.
My signature is: "Classified".
  • #460
  • Dec 15, 2023 8:09pm Dec 15, 2023 8:09pm
Attached Image (click to enlarge)
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From this is draw conclusions.
First of all that when it goes up it is more dramatic.
When it goes down its slower and more steady.
And its going to go down for 14-15 months or so.
Meaning right around now, selling will be a bit easier.
And that will affect even M1.
My signature is: "Classified".
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