My trading journey

closed all position @ 3546

with us bad figs last night... i want to feel the market more...

sx2x3540 = -12
sx5x3564 = 90
sx3x3563 = 51

total 129pips

it's time to flip!!!!

bx1x3549 - scout

now here's my battle plan... this is not predicting...

if price break this level... then... kinda mindset.

bx1x3552 check!

edit: i will wait for the price to break the attack level and a litle retrace before deploying troops...

preparing for attack... not just yet... waiting for minor retrace to have a good price

if there's none then i won't chase the price... i will wait for another opportunity...

... expecting a bonce any moment now...

bx3x3562 attack

edit: my bad, i type sell istead of buy when i flip... already have corrected error...

getting ready for final attack... not yet...

i missed my final attack... went to the toilet

waiting for another probability...

bx2x3577 ... and here we go again...

if this won't make any new higher high... then i will scale down my exposure... protect the book

edit... next attack x1


and so it's begun...

now i feel it's bound for minor correction...

getting ready for scaling down..

bring soldiers home @ 3590

L4 x2x3577 = 26
L3 x3x3562 = 84
L2 x1x3552 = 38

total 148pips

origina scout @ 3549 still in the battle field... cotinue spyng the terrain...

i can feel a correction... probably deep one...

testing zone is 3578ish... bottom is 3568... lower than that area is high possibility of minor reversal...

for now, i'll just wait... patience...

great trade dongsky!

I see you have improved your attacks!you shown great timing and patience.
impressive!

Can you write a little about how your mindset differs when the 3K is in sync and when its not in sync?

Also interested in your profit taking areas,
do you base that on previous S/R. maybe 1h, 4h daily?
Cause seems like you determine your area for t.p. right after placing your attacks.

Enjoyed what your teachings on diversify positions while in profit.

happy trading!!

hi smallpotato,

thanks.
for me when 3kings not insync then it's just telling me that something's going on in the market (crosses & Majors) that cannot be taken for granted....

this for me needs to be nimble when in position because it's telling me that trend is not strong or something is happening... sometimes, bigtime.

times like this i will cut down exposure if not, won't take any position at all not until a clear direction surfaces... and when in sync... just the opposite, strong trend and lots of opportunities will be revealed... just wait for the market to show you...

take profit... i never set any rules in taking profit... when i am in position and after awhile, i cannot ffind reasons to to stay in that position any longer... then i'll just simply square; if not diversify...

s/r - i'm using it for reference checking only... like observing price when or upon reaching that zone... i never use this to trigger or call a position... that is rigidity i believe...

just like 5 & 10 ema... this is only for my referencing... i believe when the price move too fast and away from the mean (that is emas) then i know price will come back from the mean, and if momentum is strong, possible reversal... etc. but never use it as a trigger or to call a trade... like the famous ema crosses... i don't believe those...


regards

helo there mate...
can ya plz explain what is 3kings and MO means plz?

Bravo mate!!!

Your reading and attack sequence has improved vastly... No that u are a slouch to begin with

Reasons for the agressive atack sequence like yesterday L4 x 10 troopers is becos u have accumulate enought FOREIGN CAPITAL to foray into enemy territory. Am i correct

R u still on mini lots or std lots? If those are standard ammo... Wow u can take your lovely for another holiday to South East and maybe this time drop by in SG

I know that EMA 5,10, 200 are added based on Graeme's teaching... You have already briefing touch on it on your above posting... Can you share with your admirers (which there are a lot) how u incorporate them (Feb V-formation, Fti AOW, Graeme diversifying/stacking) in your analysis/trading...

Also if you may what u have habit(s) or behaviour(s) u have discarded and new insights that u dicovered along this wonderful trading journey...

Keep on dancing buddy

hi george,

if you're a serious trader or maybe just a newbie, then i suggest you start reading Technical Analaysis Fallacy Thread (TAF) by fti... you will understand and learn how to dance and the 3 kingdoms and MO, MM etc...

3 kings, is 3 kingdoms... they're just the 3 major pairs... i pick EU, GU & UJ...
where these 3 pairs expected to be insync ... like EU (uptrend), GU(uptrend) & UJ (downtrend)... that is in syncrony... this means a good trending market

if not insync... expect the opposite.

MO means modus operandi... it's kinda battle plan of sorts...

i suggest you start reading TAF thread now... here's the link

http://www.forexfactory.com/showthread.php?t=57639

regards

hi philip,

thanks.
you're spot on right there my friend... i can play around & experiment with my attacks comfortably because of my foreign capital.

you know i have been trading both, mini and std acct. i'm trading mini and posting in my journal... but i'm trading and monitoring (on the other screen) my standard acct with forexct-australia... but i cannot be as aggressive in my std acct compared to my mini... other than that... the same

my trading behaviour? i don't know how to explain... but i know when to enter and when not to at the moment...

actually, just like everyoneelse, i don't know where the price goes... the reason why we always deploy scout to feel... when i am certain enough, then i won't take too long to act... like graeme always say... participation is the key... and how you stack and diversify... that is how you make money...

fti say if there's no reason for you to be in the trade or to take a trade... then don't...

ema - if you just spend more time to observe its behaviour... then you will feel that they breath... together with the price... remeber the rubberband effect... just like the rubber band... the price can just run that much and it will snaps back to its mean before continuing or heading a new direction...

market is alive... she breaths...

the secret in trading... there's no secret at all...

patience, persiverance, humility, discipline... are just a few ingredients to succeed in this business...


....

the only thing i can control in this business is my size and exposure, and timing... which i'm focusing myself into very much...

remember, finding a good entry is the same as knowing when to exit...

regards

eyeballing EU...

waiting for confirmation... to show her genuine intent at the moment...

sx1x3589 - scout

(without words)