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Lusan Journal III

  • #41
  • Jul 19, 2011 4:42am Jul 19, 2011 4:42am
Quoting Sylar
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
Actually, there are 2 types of congestions. Narrow and wide...in narrow...you dance the limits...no flipping...and in wide congestion, you migh have he early end of the skew...similar to stochastic trade...but you might want to trade only in the directio of the last impulse.
Empty as water and soft as a facing wind mountain
  • #42
  • Jul 19, 2011 6:17am Jul 19, 2011 6:17am
Of course, congestions and trends...too theoretical for me..when I focus on the the dance those thoughts go away...For example, here is my first dance after more than a year away from the floor. It was tough fight against the H1 and D1 trends....a very dangerous one because of both time constrain and out-of-sync trading direction. Cheers
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Empty as water and soft as a facing wind mountain
  • #43
  • Jul 19, 2011 5:27pm Jul 19, 2011 5:27pm
What an interesting day!
I left PA exactly where I found it this afternoon.
All the northern journey done during the London day.
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Empty as water and soft as a facing wind mountain
  • #44
  • Jul 19, 2011 5:36pm Jul 19, 2011 5:36pm
Quoting walb99
eu 1d
Indeed.
A nice triangle.
Will tomorrow be the day that a decision will be taken?
All seem to be pending on
Euro mess and America budget ceiling.
I believe that they will raise the ceiling
and print more money...so dollar will go down.
I believe that Euro will find a way to delay there mess...so Euro stays the same..
If in doubt, we should stay out.
Me? I am going north.
Empty as water and soft as a facing wind mountain
  • #45
  • Jul 19, 2011 5:44pm Jul 19, 2011 5:44pm
Yes...a nice symetrical triangle to be broken tonight..
but I do not do patterns...too many..
Look at this chart...it shows both a head and shoulder
and a symmetrical triangle together.
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Empty as water and soft as a facing wind mountain
  • #46
  • Jul 20, 2011 6:42am Jul 20, 2011 6:42am
Quoting walb99
looks like breakout to the upside, may also kollaps down later
You have quite a few lines.
How do you keep track of them?
PA is 60+ pips higher since we talked
and probably going north.
Empty as water and soft as a facing wind mountain
  • #47
  • Jul 20, 2011 5:49pm Jul 20, 2011 5:49pm
This week is a complex one. Good luck to everyone.
Even though, the lady goes north.
She could easily change her mind.
Stay nimble or stay out.
Your choice. I will be in
either to climb to heaven
or be devour into 200 pips drop hell.

After all I am already 100 pips into the northern country.
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Empty as water and soft as a facing wind mountain
  • #48
  • Jul 21, 2011 5:11pm Jul 21, 2011 5:11pm
A day of joy.
I post this quickly.
I go to tend my tomatoes.
It is darn hot here in NC.
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Empty as water and soft as a facing wind mountain
  • #49
  • Jul 23, 2011 10:58am Jul 23, 2011 10:58am
If I had 4 hours to trade, I would start on London open and I would keep this very important fti's post in mind. The spirit of the dance, I believe, is encapsulated in the explanation of the chart. However, I only have 2 hrs so I do the best I can.

Quoting fti
1 = the first indication of key reversal.

A = the first impulse after the reversal, you may or may not have caught this bus. Most dancing , would have at least got a foothold there.

2 = the first pause , stall if you like, of the impulse.
chance to prepare and execute attack, or to bail out if you were caught on wrong foot.

then the 2nd impulse came after a shallow stall. Indicates possiblly downward press may be strong.

B = 2nd stall, notice shape of your "15 bars" shaped rounded pointing down, therefore , more weakness expected.

if stall was in shape of "C"(saucer shaped) then rounding would suggest bottoming distribution. However since distribution was in shape of "B" likely to be down.

Note that ypu have rode 2 waves down. So if this was wave 3, then would be hairy. So scaling down skew woukld be prudent, as the nest test could be very violent either way.

So 3 came , how from here? Send army home, and use scouts.
Quoting fti
It is easy from hindsight, mindset gotta be firm,when trading.
However I did trade this waves so gebnerally this were my MO then.


NOTE: Your attempt at the circle you marked suggests to me ,that you are trading "band breakouts", dangerous and late.
Anyone that want to know more, should go to post #2857 in his thread. This might be one of the most important lessons. Cheers.
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Empty as water and soft as a facing wind mountain
  • #50
  • Jul 24, 2011 9:28am Jul 24, 2011 9:28am
Anyone that want to know more, should go to post #2857 in his thread. This might be one of the most important lessons. Cheers.

I remember this post well! A very good reminder to us all. All the best with your trading . Ray
  • #51
  • Jul 24, 2011 11:53am Jul 24, 2011 11:53am
Quoting 1234
Anyone that want to know more, should go to post #2857 in his thread. This might be one of the most important lessons. Cheers.

I remember this post well! A very good reminder to us all. All the best with your trading . Ray
Ray, Thanks for visiting.
Empty as water and soft as a facing wind mountain
  • #52
  • Jun 27, 2012 7:22pm Jun 27, 2012 7:22pm
Almost a year ago I stopped posting anything here. I have the desire to post again. It seems to me that that the holy grail is real; even though many say that only people with trading dementia have such a belief. I tend to believe that anyone that identify the trend and act on it without fear is already there. So here is my current trend analysis for the daily trend. (I do not dance in the small frames due to time constrains.)
Peace.
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Empty as water and soft as a facing wind mountain
  • #53
  • Jun 28, 2012 4:51pm Jun 28, 2012 4:51pm
In the money. Peace
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Empty as water and soft as a facing wind mountain
  • #54
  • Jul 1, 2012 5:32pm Jul 1, 2012 5:32pm
Back from the hills
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  • #55
  • Edited 5:58pm Jul 2, 2012 5:41pm | Edited 5:58pm
A daily spike on Friday and its follow up
Trading the news....I waited till 1.2700 and I sold the animal.
Why waiting? Because I noticed that in spikes the news has higher probability of reversal after reaching the 2nd S/R. So I think that there is a better chance of returning to pre-new state near that 2nd S/R. So I waited if the spikes is against the trend. Of course, if the spikes is with the trend, I would jump in and do the most crazy thing (Trade the break out. But I am not day trading. So no break out traiding is part of this daily strategy.) Peace.
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Empty as water and soft as a facing wind mountain
  • #56
  • Jul 2, 2012 11:12pm Jul 2, 2012 11:12pm
Lusan,

I trade like it...but the only problem i see if there is a real trend change...then u will loose the most...

this is the problem if you stuck in trend change then you will loose the money...

the same story about the hogs and the seeds ...

V
  • #57
  • Jul 3, 2012 6:18am Jul 3, 2012 6:18am
Quoting indianguyinny24
Lusan,

I trade like it...but the only problem i see if there is a real trend change...then u will loose the most...

this is the problem if you stuck in trend change then you will loose the money...

the same story about the hogs and the seeds ...

V

I know.
It can happen 6 times a year.
So it about 2 % the probabilty of pain suffering.
You have the rest of the time to accumulate
foreign capital to deal with the fall.
Further risk reduction is possible by always considering
if PA is in trending or consolidating mode as well as
awareness of macroeconomics.
Key is not to flip unless a dow trend reversal occurs.
Sometimes I see heavy drawdown as opportunities to
add more to the fire.
This is not fti dancing style.
Nor it is a system.
The brain is not turn off
but analysis is slow
without any rush
and none/low leverage.
The few screw up I had beeing when I forgot
and I have too happy of a finger triger.

Hey, how is NY?
Empty as water and soft as a facing wind mountain
  • #58
  • Jul 3, 2012 1:39pm Jul 3, 2012 1:39pm
Quoting luSan
I know.
It can happen 6 times a year.
So it about 2 % the probabilty of pain suffering.
You have the rest of the time to accumulate
foreign capital to deal with the fall.
Further risk reduction is possible by always considering
if PA is in trending or consolidating mode as well as
awareness of macroeconomics.
Key is not to flip unless a dow trend reversal occurs.
Sometimes I see heavy drawdown as opportunities to
add more to the fire.
This is not fti dancing style.
Nor it is a system.
The brain is not turn off
but analysis is slow
without any...

yes somewhere the balance has to be achived...after 4 years i am still searching for balance..the way we trade i guess u and me...it is good to foreign capital for may be lets say for retirement but it is next to impossible to sustain living with that income unless ur risk paramteres are tootal off the rack...

point is to make the most money when u r right....and loose less when u r wrong...fkng easier said then done...


NY is same man same old same old...where r u now?
  • #59
  • Jul 3, 2012 5:11pm Jul 3, 2012 5:11pm
No Daily analysis today because Wall Street is on vacation probably till Monday. The market I suspect will be pure noise.

By the way, probably good to trade the 1 min chart in dance mode since there will be no trend/bias to surprise us. -well that is something that I believe-
Empty as water and soft as a facing wind mountain
  • #60
  • Jul 3, 2012 5:12pm Jul 3, 2012 5:12pm
Quoting indianguyinny24

NY is same man same old same old...where r u now?
Greensboro, North Carolina.
More wine please.
Empty as water and soft as a facing wind mountain
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