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Lusan Journal III

  • #21
  • Edited Jul 13, 2011 11:27am Jul 12, 2011 7:28pm | Edited Jul 13, 2011 11:27am
Already in place, I am riding north.
Warning: I learned a lesson today.
It is good to wait till the completion of
the day candle...otherwise I ended up
as today doing day trading...and that I
cannot do because of times constrain.
---It seems that PA wants to go north now,
if PA breaks through 1.4047, then the north is confirmed
...and if over 1.4062...then we have a new very short term high.
...well... I am game.

Edit1: I felt very uneasy with a long when the week and the monthly tells me to go south...so I just flipped, I am going south.
Edit2: I re-thought the whole thing...and this morning I decided that north was the way to go...

This hesitation gave a lot to think about...Some rigidity there after too many wins...I need to think about it...
oh well...a reversal is happeninng and I am in the right bus...
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Empty as water and soft as a facing wind mountain
  • #22
  • Edited 6:31pm Jul 13, 2011 5:07pm | Edited 6:31pm
Making changes to my main strategies in the first post.
I do not know how to call this type of trading.
It is a mix of fti's dance and something else.
I will trade 1D candle singularly.
-With the belief that they tell me the day to day PA momentum.
I suspect that I will be wrong at least twice: at the beginning and at the end of
the leg...but only in heaven we have perfection.
There are still some open questions...that I am digesting.
...
Any way, I am enforcing "the trend is my friend" as the core of my trading.
Cheer to anyone that follow my journey.
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Empty as water and soft as a facing wind mountain
  • #23
  • Jul 13, 2011 6:01pm Jul 13, 2011 6:01pm
Ole caw...look at this apparent reversal ongoing in the 1W...We are going north, man!
Attached Image
Empty as water and soft as a facing wind mountain
  • #24
  • Jul 13, 2011 6:40pm Jul 13, 2011 6:40pm
During the day I realized that having a pull the plug line is meaningless..
Even more... to say that we are willing to lose 5 or any other % of my book in a trade or campaign is of not use- insane?
PA does not follow my line nor my percent. She does not really care about it.
Actually my entries are irrelevant to trading.
The best answer to the question of 'killing a trade" is to see that if we are in the wrong bus, we must exit...and exiting does not mean to pull the plug but to switch line...I mean...to go in the opposite direction...If we fail...then we have to question our understanding of the current trend...Then we stop trading... and figure out what is wrong with our strategies...If our strategies is faulty, it must be corrected.
Cheers
Empty as water and soft as a facing wind mountain
  • #25
  • Edited 7:40pm Jul 13, 2011 7:39pm | Edited 7:40pm
Quoting luSan
During the day I realized that having a pull the plug line is meaningless..
Even more... to say that we are willing to lose 5 or any other % of my book in a trade or campaign is of not use- insane?
PA does not follow my line nor my percent. She does not really care about it.
Actually my entries are irrelevant to trading.
[b]The best answer to the question of 'killing a trade" is to see that if we are in the wrong bus, we must exit...and exiting does not mean to pull the plug but to switch line...I mean...to go in the opposite direction...If we...
Hi lusan,
Thanks for come back and post your thoughts and like allways great post.
Thanks.
  • #26
  • Jul 13, 2011 8:25pm Jul 13, 2011 8:25pm
Quoting kravmaga39
Hi lusan,
Thanks for come back and post your thoughts and like allways great post.
Thanks.
you are welcome
Empty as water and soft as a facing wind mountain
  • #27
  • Jul 13, 2011 10:53pm Jul 13, 2011 10:53pm
Thanks for the help in FTI's thread. Just subscribed to your thread.

I use mainly pitchforks to trade, but still want to learn more of FTI's technique.
What is any ocean but a multitude of drops?
  • #28
  • Jul 14, 2011 5:24pm Jul 14, 2011 5:24pm
I remain a northern seeker.
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Empty as water and soft as a facing wind mountain
  • #29
  • Jul 16, 2011 8:47am Jul 16, 2011 8:47am
A nice exercise to avoid falling into too deep PA analysis.
A too detailed evaluation of PA candles?
..complexities pave the road to an blown account.
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Empty as water and soft as a facing wind mountain
  • #30
  • Jul 16, 2011 10:18am Jul 16, 2011 10:18am
Reviewing the weekly
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Empty as water and soft as a facing wind mountain
  • #31
  • Jul 16, 2011 10:36am Jul 16, 2011 10:36am
Reviewing the daily and some ramblings
--->Probably monday is a very dangerous day.
-->A good day to take a vacation<--
--->US printing machine will wipe out the shorts?
Charts are giving mixed signals.
Monthly: south
Weekly: north with a hammer and a flag
Daily: indecision - a short body - almost a doji.
-->Best to stay out if not in.
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Empty as water and soft as a facing wind mountain
  • #32
  • Jul 17, 2011 8:56pm Jul 17, 2011 8:56pm
Aflipping day...Low of last candle violated.
I rode south.
It pays to be nimble.
Empty as water and soft as a facing wind mountain
  • #33
  • Jul 18, 2011 5:31pm Jul 18, 2011 5:31pm
A day where where the bulls lost the war.
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Empty as water and soft as a facing wind mountain
  • #34
  • Jul 18, 2011 5:35pm Jul 18, 2011 5:35pm
I will be returning to the dance floor.
Why?
I missed the fast action of a dancing floor.
I start tomorrow.
My dances will be similar to my Lusan Journal I.
I will dance from 5:00-7:30 am.
That is a real change.
I probably will not post the dances here.
I already posted too many in the other journals.
I will continue posting my daily analysis
and use in my trend trading method.

15M/5M dance...here I come.
Empty as water and soft as a facing wind mountain
  • #35
  • Jul 18, 2011 5:49pm Jul 18, 2011 5:49pm
Good luck luSan and I hope time to time you change your mind and you'll post your dances. Your Journal was always great to read even after that long time.

Have a good dance.
KM
Quoting luSan
I will be returning to the dance floor.
Why?
I missed the fast action of a dancing floor.
I start tomorrow.
My dances will be similar to my Lusan Journal I.
I will dance from 5:00-7:30 am.
That is a real change.
I probably will not post the dances here.
I already posted too many in the other journals.
I will continue posting my daily analysis
and use in my trend trading method.

15M/5M dance...here I come.
  • #36
  • Jul 18, 2011 6:04pm Jul 18, 2011 6:04pm
Quoting kravmaga39
Good luck luSan and I hope time to time you change your mind and you'll post your dances. Your Journal was always great to read even after that long time.

Have a good dance.
KM
Do not worry. I will.
I just need to adjust myself to early morning dances.
It will take several months.
Empty as water and soft as a facing wind mountain
  • #37
  • Jul 18, 2011 6:37pm Jul 18, 2011 6:37pm
Ok this is my return dance plan. I know it will change with time.
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Empty as water and soft as a facing wind mountain
  • #38
  • Jul 18, 2011 8:21pm Jul 18, 2011 8:21pm
M15 Reversal violation: if PA goes below that line, then the army should not go north but south. If so, we either flip, quit, or pray.
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Empty as water and soft as a facing wind mountain
  • #39
  • Jul 18, 2011 8:34pm Jul 18, 2011 8:34pm
For example, look at what M15 just did..It negates the reversal...Now I would be south bias. ...
Of course, sometimes we are wrong...this is not a prediction.
Cheers.
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Empty as water and soft as a facing wind mountain
  • #40
  • Jul 18, 2011 9:14pm Jul 18, 2011 9:14pm
Quoting luSan
For example, look at what M15 just did..It negates the reversal...Now I would be south bias. ...
Of course, sometimes we are wrong...this is not a prediction.
Cheers.
Luis

So you reversal line is based on Fractals or Hip-Lop (as per Fti)... In effect if the impluse wave keep making HH or LL u will keep attacking or skewing in and pull the plug or flip.

Ideal terrain to implement would be a trending situation but if it in a congestion zone... U might be caught in a flipping frenzy


Cheers
Philip
"Thinking Heart & Feeling Brain"
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