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  • #5,321
  • Aug 15, 2008 6:54am Aug 15, 2008 6:54am
Quoting fti
Hi All,
many request for me to comment on your rigidities.
I am sorry, there is much mis-communications.

When Have i ever presented to cut after 100 pips and the likes.
You want to be rigid , then its your choice.

I said dance the rhytym, then apply appropriate MM.

Some of you are so engrossed with levels , I can't see How you can dance.

And also David is so worried about levels that he can't dance.

Look I took profits of my Eur yesterday at 1.4855
then I went short Eur again after that at 1.4830.
So am I stupid or what?
Later I appied attack seq at 14810/15 zone.
Guess where I took profits.

Why you people so rigid?
I tell you why, you people have little conidence of you ability to dance.
It is that which you need to focus, not the MM. The MM is only a tool to help yourposition average. You dance bad, and you average to the poor house.


regards
i think we are expressing here some of [wrong] ideas what we have tailored from your method to our accounts & time. jest might have -100 level if it works for him, its rigit.. as long as it works. leighsww had levels.. ended up in a mounted loss (so we see where it leads, i hope she recovers).

fti, i know you have a loss tolerance level aswell.. you might want to elaborate on that if you feel like it so we don't have to re-invent the wheel..

to be honest, dancing.. we are learning. we make mistakes, revert back to old moves/habits to get reminded why we are here in the first place.

for me i saw the scorpion in the eye. i saw it was the one i have seen before.. a year ago, 2 years ago. that is why you need a trained mind, not that much educated but trained. keep the mind from wondering off the path. comes with experience, doesn't it?
  • #5,322
  • Aug 15, 2008 7:11am Aug 15, 2008 7:11am
Quoting auxesis
1minute and 3 minute charts are nice but you need the Larger charts to see the overall picture. Dont get so microscopic and focused on the small ripple that a big wave washes you away
I pick my entries on the 1m but I constantly watch 5,15 & 1h too. I've learned not to ignore the flow.
  • #5,323
  • Edited 7:41am Aug 15, 2008 7:26am | Edited 7:41am
Howdy everyone, I gotta chime in here with thoughts on rescues to run past everyone.

Rescues have to dictated by PA alone and each one will be different as in # of pips but I’d think the mindset would be similar.

When we enter a scout or position and price goes against, a few things have to be taken into consideration. Is this a reversal or is price just in a retrace and where is the last footprint on the chart that determines direction on the 5minute trend and the next larger.

If it’s still in a retrace on the 5’s ( not violating the smaller trend ) a rescue might not be necessary but you might get a chance to add to move. This is what Lusan was referring too yesterday ( I have to add here that this should be done with caution and careful observations on the small trend, you would want to catch the 2nd impulse wave as it will be the 3rd or C, after that imho is risky as you might be loading up into a reversal)

On the rescue if a reversal, when price breaks the last turn point that was your base you will have to wait for it to start it’s 1st correction coming back to you to mount a rescue. Your rescue point will need to be between prices current point and your anchor point turn that was violated as price will usually use this as broken support/resistance.

If price turns again heading away from you before rescue was completed you need to look to the bigger chart to see if the higher time frame trend. If over all price is in retrace you might let initial position bleed and mount a deep rescue/ actually reenter the trend from a spot on the daily ( this might mean let the scout bleed for a while)

If the larger chart is pointing the opposite way ( that means your initial was wrong or you were on a counter trend play and you might want to kill the scout as you will be fighting the trend to rescue.

Sorry to ramble.

Regards,
  • #5,324
  • Aug 15, 2008 7:40am Aug 15, 2008 7:40am
Quoting auxesis
Howdy everyone, I gotta chime in here with thoughts on rescues to run past everyone.

Rescues have to dictated by PA alone and each one will be different as in # of pips but I’d think the mindset would be similar.

When we enter a scout or position and price goes against, a few things have to be taken into consideration. Is this a reversal or is price just in a retrace and where is the last footprint on the chart that determines direction on the 5minute trend and the next larger.

If it’s still in a retrace on the 5’s ( not violating the smaller trend ) a rescue might not be necessary but you might get a chance to add to move. This is what Lusan was referring too yesterday ( I have to add here that this should be done with caution and care observations on the small trend, you would want to catch the 2nd impulse wave as it will be the 3rd or C, after that imho is risky as you might be loading up into a reversal)

On the rescue if a reversal, when price breaks the last turn point that was your base you will have to wait for it to start it’s 1st correction coming back to you to mount a rescue. Your rescue point will need to be between prices current point and your anchor point turn that was violated as price will usually use this as broken support/resistance.

If price turns again heading away from you before rescue was completed you need to look to the bigger chart to see if the higher time frame trend. If over all price is in retrace you might let initial position bleed and mount a deep rescue/ actually reenter the trend from a spot on the daily ( this might mean let the scout bleed for a while)

If the larger chart is pointing the opposite way ( that means your initial was wrong or you were on a counter trend play and you might want to kill the scout as you will be fighting the trend to rescue.

Sorry to ramble.

Regards,
this is how i see it aswell, i might not be that clear in my words than you are. i think this is a very good post. unless fti comes in and says its totally wrong mindset, hehe.
  • #5,325
  • Aug 15, 2008 7:52am Aug 15, 2008 7:52am
Folks,

after this week, I became convinced that I do not dance but trample on my own feet. Way too many missteps....

Yes, It was fantastic watching the last 5 Elliot waves of the bulls. I danced it and saw how it matched fti's strategy...Imagine, I was up early morning, counting waves, getting to wave 5 and tellling myself "would PA now goes north? Let us see."...collected my profits, pull the plug and back to bed...then coming up from bed and seeing the reversion made me very happy...I see once again the power of his methods..

(How to explain that everyone was waving last night...Synchronicity)

fti's reminder that some people here are rigid hit the point...I am...I have rigid skew and even a rigid/confused methodology...I am back to basic...just learning how to put that scout out...how to listen to the music...defining the proper strategy depending on PA condiction and wave count...etc....

I believe that my fundamental problem is that give too much value to bad books I have read... quite a few of his ideas do not match with some of the things I read...others blind me I in their simplicity...

Back to basic I go...and you?

Final thoughts: bulls are out, even when 5M dances a little bear...I believe if I dance I ought to be dancing as a bulll, why? Bull day and bull Hour...but today is Friday and Euro in holiday...what to do?...Flat out; I will study 1H charts, check for waves, and reconsider a flexible skew...

fti, thanks for your teachings and PATIENCE!

Have a nice weekend...
Empty as water and soft as a facing wind mountain
  • #5,326
  • Aug 15, 2008 8:00am Aug 15, 2008 8:00am
That bull ain't dead until the Matador stabs it in the heart with his sword
  • #5,327
  • Aug 15, 2008 8:08am Aug 15, 2008 8:08am
hi auxesis,

Quote
If it’s still in a retrace on the 5’s ( not violating the smaller trend ) a rescue might not be necessary but you might get a chance to add to move.

do you mean 5 wave counts or 5 min charts?

you lost me here.. i don't really get what you mean. adding to a move means you are rescuing, isn't it?
  • #5,328
  • Aug 15, 2008 8:24am Aug 15, 2008 8:24am
Hi ALL,
Anyone noticed the bull bear tussle, thats happening.
I am aside watching this very interesting war being fought.

Both trying to own the field.
If you wait, there will be much opportunities to capture the spoils , when the dust settles.

Stongly financed players may like to send in scouts and skemish parties for "feel".

regards
  • #5,329
  • Aug 15, 2008 8:26am Aug 15, 2008 8:26am
Quoting simlsc
hi auxesis,



do you mean 5 wave counts or 5 min charts?

you lost me here.. i don't really get what you mean. adding to a move means you are rescuing, isn't it?
Simlsc,

5 minutes. I want to enter on a retrace (this might be a range) of the trend where i feel it's turning to resume trend, if a retrace it might not turn but continue it's retrace so I have a scout in the red....... as long as the trend is still intact, i might add another scout if i feel price is turning to resume trend.

charts coming one minute
  • #5,330
  • Aug 15, 2008 8:32am Aug 15, 2008 8:32am
just for visual aid
Attached Image (click to enlarge)
Click to Enlarge Name: !.gif Size: 20 KB
  • #5,331
  • Aug 15, 2008 8:38am Aug 15, 2008 8:38am
Quoting auxesis
just for visual aid
for me its too late in the day and week to open a new scout but i think the mindset is right.. if I look at the chart now.. you have hit the nail on the head! good job.
  • #5,332
  • Aug 15, 2008 8:45am Aug 15, 2008 8:45am
Quoting auxesis
Howdy everyone, I gotta chime in here with thoughts on rescues to run past everyone.

Rescues have to dictated by PA alone and each one will be different as in # of pips but I’d think the mindset would be similar.

When we enter a scout or position and price goes against, a few things have to be taken into consideration. Is this a reversal or is price just in a retrace and where is the last footprint on the chart that determines direction on the 5minute trend and the next larger.

If it’s still in a retrace on the 5’s ( not violating the smaller trend ) a rescue might not be necessary but you might get a chance to add to move. This is what Lusan was referring too yesterday ( I have to add here that this should be done with caution and careful observations on the small trend, you would want to catch the 2nd impulse wave as it will be the 3rd or C, after that imho is risky as you might be loading up into a reversal)

On the rescue if a reversal, when price breaks the last turn point that was your base you will have to wait for it to start it’s 1st correction coming back to you to mount a rescue. Your rescue point will need to be between prices current point and your anchor point turn that was violated as price will usually use this as broken support/resistance.

If price turns again heading away from you before rescue was completed you need to look to the bigger chart to see if the higher time frame trend. If over all price is in retrace you might let initial position bleed and mount a deep rescue/ actually reenter the trend from a spot on the daily ( this might mean let the scout bleed for a while)

If the larger chart is pointing the opposite way ( that means your initial was wrong or you were on a counter trend play and you might want to kill the scout as you will be fighting the trend to rescue.

Sorry to ramble.

Regards,
Hi auxesis,

Thank you for your trying to explain.
I was thinking that you may try to explain the millions of possible variance to them.

Anyways, I think you may have the understand.
But I cannot be sure, as the last time I thought that Leighsww understood, then it seems she went a different way.
Then there are many I believe that got it,
Then the surprises again.

Now Lusan also sound very close. But He had always being close , then I sudden realise that he hadn't got there yet.

Its so difficult to help people on the net.
Cannot see their real development.

regards
  • #5,333
  • Aug 15, 2008 8:52am Aug 15, 2008 8:52am
Quoting fti
http://www.youtube.com/watch?v=3RD5RmwHYoo

http://www.youtube.com/watch?v=005APM_Y8yw
What beautiful voice and what beautiful ladies, once again they go straight to the heart without understanding a single word. I think I qualify to the feeling.
I mean feel the market too but the market feel is different...

Thanks
  • #5,334
  • Aug 15, 2008 8:52am Aug 15, 2008 8:52am
Quoting luSan
Folks,

after this week, I became convinced that I do not dance but trample on my own feet. Way too many missteps....

Yes, It was fantastic watching the last 5 Elliot waves of the bulls. I danced it and saw how it matched fti's strategy...Imagine, I was up early morning, counting waves, getting to wave 5 and tellling myself "would PA now goes north? Let us see."...collected my profits, pull the plug and back to bed...then coming up from bed and seeing the reversion made me very happy...I see once again the power of his methods..

(How to explain that everyone was waving last night...Synchronicity)

fti's reminder that some people here are rigid hit the point...I am...I have rigid skew and even a rigid/confused methodology...I am back to basic...just learning how to put that scout out...how to listen to the music...defining the proper strategy depending on PA condiction and wave count...etc....

I believe that my fundamental problem is that give too much value to bad books I have read... quite a few of his ideas do not match with some of the things I read...others blind me I in their simplicity...

Back to basic I go...and you?

Final thoughts: bulls are out, even when 5M dances a little bear...I believe if I dance I ought to be dancing as a bulll, why? Bull day and bull Hour...but today is Friday and Euro in holiday...what to do?...Flat out; I will study 1H charts, check for waves, and reconsider a flexible skew...

fti, thanks for your teachings and PATIENCE!

Have a nice weekend...
Hi Lusan,

You seem to be waking up again.
On the onset you had found your niche.
You somehow lost your way, I don't know why.
Probabily you adulterated your MO with book techniques.

I hope you think again, carefully, back to basic, my friend.

regards
  • #5,335
  • Aug 15, 2008 8:56am Aug 15, 2008 8:56am
Quoting fti
Hi auxesis,


I was thinking that you may try to explain the millions of possible variance to them.


regards
There's the #1 hurdle i believe everyone here is having problems with. We all want a fixed set of rules to govern our trades, but you have stressed it's a feel for the market.

Every turn, every run, makes the picture a little different.

Trying to get there.

regards,

a
  • #5,336
  • Aug 15, 2008 8:59am Aug 15, 2008 8:59am
Quoting auxesis
Howdy everyone, I gotta chime in here with thoughts on rescues to run past everyone.

Rescues have to dictated by PA alone and each one will be different as in # of pips but I’d think the mindset would be similar.

When we enter a scout or position and price goes against, a few things have to be taken into consideration. Is this a reversal or is price just in a retrace and where is the last footprint on the chart that determines direction on the 5minute trend and the next larger.

If it’s still in a retrace on the 5’s ( not violating the smaller trend ) a rescue might not be necessary but you might get a chance to add to move. This is what Lusan was referring too yesterday ( I have to add here that this should be done with caution and careful observations on the small trend, you would want to catch the 2nd impulse wave as it will be the 3rd or C, after that imho is risky as you might be loading up into a reversal)

On the rescue if a reversal, when price breaks the last turn point that was your base you will have to wait for it to start it’s 1st correction coming back to you to mount a rescue. Your rescue point will need to be between prices current point and your anchor point turn that was violated as price will usually use this as broken support/resistance.

If price turns again heading away from you before rescue was completed you need to look to the bigger chart to see if the higher time frame trend. If over all price is in retrace you might let initial position bleed and mount a deep rescue/ actually reenter the trend from a spot on the daily ( this might mean let the scout bleed for a while)

If the larger chart is pointing the opposite way ( that means your initial was wrong or you were on a counter trend play and you might want to kill the scout as you will be fighting the trend to rescue.

Sorry to ramble.

Regards,
A darn good description...Thanks
And your chart...to the poinnt...you short on the highs and trust 1H trend lead
Empty as water and soft as a facing wind mountain
  • #5,337
  • Aug 15, 2008 9:02am Aug 15, 2008 9:02am
Quoting ksl
What beautiful voice and what beautiful ladies, once again they go straight to the heart without understanding a single word. I think I qualify to the feeling.
I mean feel the market too but the market feel is different...

Thanks
Hi ksl,
That is the same lady in both songs.
Her name is Teng Li Jun.
She was a friend back in the 70s.
She was a very famous and simple person.
She was to marry one of my friends back then but his family objected and couldn't accept the marraige due to her singer status.

Heart broken she went to stay in Japan and later to Europe.
I didn't hear of her again, until her death was reported in the media.

regards
  • #5,338
  • Aug 15, 2008 9:07am Aug 15, 2008 9:07am
Quoting fti
Hi Lusan,

You seem to be waking up again.
On the onset you had found your niche.
>>>I was dancing the 15-5-1M then: 5 Waves within 5M
>>>Now I am dancing 1D-1H-5M: 5 waves within 1H, news, congestions, etc..


You somehow lost your way, I don't know why.
Probabily you adulterated your MO with book techniques.
>>>That is a different ball game...Sometimes I forget that I am playing golf and not basketball...Now patience is key before it was speed. What you see is a storming MO transition.

I hope you think again, carefully, back to basic, my friend.

regards
It will take a while but I get there...Remember this is my 2nd week of day trading and I survived...

Thanks again.
Empty as water and soft as a facing wind mountain
  • #5,339
  • Aug 15, 2008 9:10am Aug 15, 2008 9:10am
Quoting fti
Hi ksl,
That is the same lady in both songs.
Her name is Teng Li Jun.
She was a friend back in the 70s.
She was a very famous and simple person.
She was to marry one of my friends back then but his family objected and couldn't accept the marraige due to her singer status.

She was very disturbed then about it and went to stay in Europe.
I didn't hear of her again, until her death was reported in the media.

regards
Ahh ! How other people influence our lives.
And what a friend to have wow, and that emotion in her voice now I understand what gets to my heart.

As far the markets I can feel her it is only the confidence to act on my feeling I need to develop.

Thanks for sharing fti.
  • #5,340
  • Aug 15, 2008 9:11am Aug 15, 2008 9:11am
hi auxesis,

Quote
just for visual aid

now i understand! i'm a visual person..lol

TYVM
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