DislikedI put my comments to fti´s post some time ago but never posted them as it seemed they were not going to be debated.
"In waging a war one must always attempt to score a swift victory.
Protracted battles will frustrate and diminish morale.
Therefore swift victory is the best outcome and
protracted war is the most undesirable."
Attempt to trade with the flow and do not stay with a trade when the price movement consolidates and ranges as capital is tied up and cannot be used on other trades.
Disciplined and calm, to await the appearance of disorder and hubbub amongst the enemy:
--this is the art of retaining self-possession.
Do not allow emotions to take over
A clever general, therefore, avoids an army when its spirit is keen,
but attacks it when it is sluggish and inclined to return.
This is the art of studying moods.
It is a military axiom not to advance uphill against the enemy, nor to oppose him when he comes downhill."
Go with the trend, only enter once you are sure the trend has started
2.02.01. You are the General, therefore you must carry a General's mindset always.
General Code : Never leaving the army in the battlefield cut-off from support.
The trader must have the right mindset and leave nothing to chance
regardsIgnored
In trading, when the army is non engaged, scouts must always remain in battle field to gauge the marrkets form. By standers in a battle can hardly "feel" the emoions in the fight. If traders avoid the markets altogether, then point of reference is dependent on ego and self and predictive ways, rather than the info thats coming fom men in battle. Could be self deceiving. Alloew the market scouts to inform of form for productive use of the info for formulation of attack strategy, or be ready for defensive engagement to extradite the scouts in trouble. these should form the traders frame of MO.
When can one be sure?
Only when the scouts are doing well and the market volatility affording for your strategies. Therfore one cannot be sure, only "informed" to guide the course of strategies.
In reality all is left to chance, the point is that the chance has to be managed in such manner to give you the advantage and when disadvantaged to impose correct response to reverse said disadvantage.
regards