Jacque's Trading Journal

Hi fellow members,

I am starting this thread to document my trading journey to becoming one with fti's teaching. His thread may be found here: Link. In here, I seek your guidance to light the path forward and may I ask for your patience and passion in moving forward with me.

I would like to put words to my thoughts on the 3 stories contained in first subject i.e. Mindset.

1. Story of scorpion wanting to cross the river

Moral of the story: Self destructive nature of human being

Me: I am the average human being. Although I know eating a lot of oily and spicy food is no good to the stomach and health in one sitting, I do not heed the warnings and proceed. This is then to find myself sick and unhealthy. I knew from the beginning what would be the unwanted outcome. Yet, I did not do the preventable and regret only when the bad outcome hits me right in the face. Then, I promise myself if I could get well again, I shall never eat oily and spicy food. However, when I am well again and I see oily and spicy food, I break my promise and find myself in the vicious cycle unable to escape.

Solution: In order to prevent myself from succumbing to oily and spicy food, as a beginner's aid, I shall associate it with pain and suffering in my head such then I feel ill and disgusted at the sight of it.

Trading: Revenge trades and the act of not taking losses at 10% of account size shall be associated with images of pain and suffering, feeling of being burned alive, all internal organs spilling out.

2. Story of old man trapped on rooftop during a flood

Moral of the story: Hope

Me: I am the average human being. I hope for many good things to happen in my life and bad things to disappear. I go to work everyday hoping that my boss likes me, hope that my clients likes me, hope that I win lottery, hope that I can make a million bucks and not work anymore. When I am down and out, I hope the villains die a horrible death, hope that a higher power will help me. Such is hope, empty and futile. A thought in the head when not associated with logical action, translates to nothing in the physical world.

Solution: I do not hope, I do what is require of me. If hope enters the mind, I shall acknowledge its presence and stop what I am doing. Saying that is easy but hard to resist in the mind. Thus, as a beginner aid, negative image shall be associated when hope find its way into the head.

Trading: We often hope a loss turns back to a breakeven and when breakeven for it to turn a profit only to find it in loss again. We go through this cycle of loss and hope in a self destructive manner and in due time with a blown account. We know we should not hope, but we still hoped. However, we don't find ourself hoping for a position in profit to turn into a loss. If a position is half drowned in water and if analysis of the current bar shows no signs of turning at the moment and there is no more resources available for rescue later, the position will be immediately closed. If there is resistance in the head to close due to hope, it shall be associated with negative images such as being burnt alive as a beginner aid.

3. Story of an old and young monk

Moral of the story: Mind over matter, flexibility over rigidity

Me: I am an average human being. I live in a world when almost everything is governed by rules and regulations. As a child, parents dictated proper time to eat, sleep, play and study. Failing which, we will be punished. As an adult, the society dictated proper decorum, manners and mature actions. Failing which, we shall not be accorded proper respect as an adult, be isolated and be made a laughing stock which no ones want to associate with. In a more serious tone, failing which, there will be atrocities, sufferings and war. Why? This is because of the self destructive nature of human.

Solution: Rules are a guide, to pave the way when its not clear but the paved way is not the only path. Saying is easy, but when it hits the head, it is hard to resist the lure of the rule. I have no tangible solution at the moment.

Trading: Popular rules such as 50% support/resistance, double top indicating bear, double bottom indicating bull. In the same way, 37.5 Degree Celsius indicates a fever. 37.5 Degree Celsius from a man participating in strenuous activities under a hot sun is no fever. However, if we cannot ask this man, then we do not know. Fortunately, if we may observed his sweaty body in sport gears then we may have an educated guess. In the same light, we cannot ask the market and thus we do not know too. Thus, a double top may indicate a bear but we shall watch for clues - what clues then shall we watch for? This could be an art in itself.


Best Regards
Jacque

Hi Jacque
I see you do your next step -first of all i wish you succeed in your journey.
"Become one with FTI teachings" it a very dearing words but who dares is who wins
so Go on lets see how far you can go.
I want to say something about third story i think you misinterpreted it or may be it is your way of looking on things.
For me The third story is about in FTI words "the ability to take punches and move on and ahead" or "Don't carry battle scars" or "Whatever I endevour to take Up, I must remember that I must ultimately be able to let go" or "we will insist carry what load we choose to carry" or "drop the baggage, find yourself again."
There is few more stories for you
1 Link The Wild and Free Pigs of the Okefenokee Swamp
2 Link A Lesson about important things in Life
3 Link A Lesson about Your Learning curve
And There is of course the ART of war


By the way - The stories of FTI are Mindset Understanding
regards
Michael

Hi Michael,

Thanks for visiting my trading journal, I appreciate the comments that you have given Also, thank you for your pointers on the third story. With your help, yes the concept of don't carry battle scars is now clearer to me. With this, it seems to me at the moment that there are two lessons which I may take away in this 3rd story:

1. Do not carry battle scars - shown by the old monk's ability to quickly let go of the fact that he broke the rules to carry the women across the river after the incidence has passed.

2. Flexibility over rigidity - shown by the old monk's ability to quickly judge the situation and made the decision of breaking the rule of carry the women across the river in good faith and logically. It seems that he was dancing to the situation more so that anything else.

On the 3 other stories, I would like to put my thoughts into words today.

1. The Wild and Free Pig of the Okefenokee Swamp

Moral of the story: Obtaining things without much effort breeds complacency; Complacency breeds arrogance; Arrogance leads to careless decisions; Multiple careless decisions produce a blown account

Trading: I shall always be thankful of what I obtain from the market regardless of how the market gives me the reward - for eg. a fast sharp move taking place soon after I put on a position which gives me a lot of profit. I shall always be on my toe regardless of the big profit that I made from the last trade. If feelings of ecstasy and arrogance creeps in, I shall stop trading and recover my composure. For eg. I feel like I am the king of the market, thus I can put on any trade I want and I can take a 10000 pip loss because I just made a huge profit.

2. A Lesson About Important Things in Life

Moral of the story: (1) Internal emotion turmoil causes us to lose awareness of our surrounding, reduces empathy, patience. We lose interest in everything else and become engrossed with ourselves.

Trading: If emotions is in play, stay away from trading. Do not allow emotions from losses/profit to affect our relationships with our love ones.

3. A Lesson About Your Learning Curve

Moral of the story: Do not take shortcut. Everything happens for a reason.

Trading: Embrace the difficulties and losses along the trading path, yet do not become complacent to the difficulties and losses. Seek to overcome them and win every battles and if I may quote indirectly from fti, damage is inevitable, recovery is essential and victory is the objective.


The above conclude my thoughts on the stories. Over the past few days, I have self reflected on my past trading activities before I came across this fti's thread. I discover that I was still thinking of all my previous losses each time I enter a trade in all the trades I have entered into. Thus, the hope and want of getting back my losses has impaled my mindset. I have stopped opening new positions and is currently managing all my previous open trades to exit them properly. I am doing this to reset the focus in my mind - to reset all losses and profit so as to start anew with the pro's method.

Hi Jacque !
When i read and comment i also learn
Sometimes nice to read things from beginning and to see others people interpretations on subject
regards
Michael

Hi Michael, thank you for the kind words It is a bonus when this public trading journal can help all experience readers of fti's thread to gain another perspective and I am happy for this. In the following post, I would like to put words on my thoughts on MM. I have created a MM based on 1000 USD as the starting capital:


My MM


The overarching safety mechanism is to bail out at 10% loss regardless. Till the time when P&L is consistent, then 3x daily profit will be considered. It is expected that only rescue skew of lvl 1 failed attack will ever be invoked. If the rescue skew of lvl 2,3,4 failed attack is invoked, it could mean that:

1. I am not paying attention to the market letting price move against my position
2. I am attacking at the wrong time
3. I am chasing the impulse
4. Worst case, I don't know what I am doing. In which, I should close everything and stop trading.


Dollar per pip movement analysis


Based on 3 kingdom current market price, each troops put approximately $0.10 at risk for each pip movement.

Hi Jacque
You really serious with this
before i write wanted to say that i am still learning so my advice take with grain of salt.
Few points for your thinking. Your rescue sequence is just for one scout what if you need to rescue when you in attack mode
Lets say you entered 1,2,1,1 and now something happened you were against the impulse and market moves swiftly against you
Now what is your next level for rescue it is not 2,2,4
rescue have to be strong and nimble. Strong means that you have to be close to the market
FTI in the thread talked about sqew 1,3,9 like this so for you resque of 1,2,1,1 is 15
The mechanics under it is no price moves in a straight line and it have to retrace. if you against the impulse that you need tomake fast entry to rescue and be squared.
Thats what i think on this subject
Personally i go with ,1,1
and if need rescue i start with 2,2 or 1,1,1,1 (it is easier to calibrate entry for me) since i cant babysit i dont look on a 5m chart i look on hourly.
regards
Michael

Hello Michael, thanks for your comments on my MM plan , I have been reviewing it in conjunction with what you have mentioned. Before I touch on my modification, I would like to shed some light on my MM plan shown in the table in my previous post. I have shown 3 levels of rescue in the MM plan i.e. Junior Dealer, Senior Dealer and Treasury Manager (The other two below, rouge trader and exco board are just for jesting). I am assuming all I have is 1000 USD in my book and I am only by myself, thus I can only initiate the junior dealer skew. The skew I have chosen is 1,1,2 following a fibo spiral. The 1,1,2 doesnt mean 1,1,2 troop in this case, it just refers to troop progression. Then at the bottom of the table, there are 4 rescue sequences, each skew matching with each failed attack levels. What this means is as follows:

I have 4 levels of attack in my attack skew i.e.:

lvl 1 attack: 1 troop
lvl 2 attack: 2 troop
lvl 3 attack: 1 troop
lvl 4 attack: 1 troop

(1) If lvl 1 attack (this is actually scout lvl) fails, I have to rescue the 1 troop. According to rescue skew for lvl 1 failed attack shown below, I will first send out 2 troop to rescue the trapped scout. If this fails, I will send out another 2 to save the 3 troops. If this fail again, i will send out 4 troop to save the 5. If all of this fails and 10% loss is hit, then no more rescue, cut loss. I am assuming that at lvl 3 in the rescue seq, I would have accumulate more or less 10% loss. Thus, 2,2,4 rescue is fibo skew which matches with my junior dealer 1,1,2 fibo skew. It is just that I change the base to 2 troop in actual rescue.

(2) If lvl 2 attack fails, it means I have 3 troops trapped. Thus, I will first send 6 troops. If it fails, I will send another 6 to save the trapped 9 and so on. Same for the other 2 attack levels.

Having mentioned the above, after reviewing your comments, I realized in the 1,3,9 rescue you mentioned:

1. The 3 in the 2nd lvl means 3 times the size of the trapped troops. Thus, if I have 2 trapped troops, I need to send in 6 to rescue. Then if lvl 2 fails, my total trapped troops is 8. Then, I have to send in 8 troops*9 =72 troops at lvl 3 rescue.
2. The 3 does in the 2nd lvl not mean 3 troops which was what I though initially.

Thus, base on this, I have come up with the following revised MM plan. I have made it to be more aggressive but I do not think I can afford to do the 3rd lvl for 1,3,9. Thus lvl 3 excluded Could you please advise if my understanding is correct?



regards
Jacque

Hi Jacque
I am still learning so what i say is my thoughts only and i cant sress enough that my answers you have to take with grain of salt since i am learning ans i still dint got to the phase that i can say "I have got it"

I dont wants to answer with numbers i want to say few things and then i show you link of original post of FTI on that matter
First of all if we do rescue than we must have choosed the wrong side of the bus.
It means we against the impulse here are two scenarios or you commit to your position and rescue or you turn on the wind.
If you committed to rescue then you have to wait or take out last attack in order to find better place to rescue (reaverage)
All the fight is averaging game. The size of rescue will mean how close you maintain to be to the price
and how much pips you need to be break even.
FTI always mention that rescue have to be of swift tenure fast because if you overstay big sized in the battlefield you will get heart

Link 1
Link 2
Link 3
Link 4
Link 5

Rescue it is not something write in stone the numbers can change. I think that in the thread Mamood wrote about his spreadshit
To realize the number you just have to do some math
for example that if you have 2 troops in and you need to rescue it means tat you fill that you have a pull back you dont know how big it will be
but you assume it will be x pips (maybe till next support) that you need to calculate how much troops you need to get in order to b break even within this ammount of pips.
Hope it helps

Regards
Michael

Hi Michael, please do not worry about giving comments. I understand that we are all learning and even if this is not the case, I will still take every advise and decipher the logic. Also, if anything needs to be improved, it will show up quickly in the blotter. One of the principles that I can connect deeply from reading fti's thread is to be flexible, do not be rigid. Thus, as you have mentioned that rescue is not something written in stone, I can connect to this principle. In fact, I think that the MM for both attack and rescue has to be adapted to what is happening in the market.

I recall the post where fti first showed his attack sequence, he entered max troop and short the market very quickly without doing the "proper spiral" because the momentum in the market was strong. Thus, the same should applies to rescue. However, I think we should not place too much emphasis on calculating rescue troops base on next support as this may cause anticipation and prediction subconsciously in our head. But then again, if we do not have a target, we wont know how many troops to enter. Thus, I believe this problem can be prevented but mastering the dance. From feeling the dance, we should be able to tell where the market wants to go. Also, I think we should scale out of the successful rescue in the same manner as scaling out of an attack. What do you think of this? Anywany, thanks for providing the link to fti's post on rescue, I will take time to review them. Meanwhile, good trading to you

fti's attack seq, this was on hindsight:

Hi Jacque
Regards mathematical calculation i meant in a first time till you grasp with your eye to calculate how much trops you need in order to surface above the water/ with time you could guess the amount of troops / Here link of FTI on this subject Link
When you say master the dance it is the point where we all want to get eventually.
In order to feel a little bit how poeple understand FTI teaschingns i recommend you to visit some journals.
Lusan I - Link
Lusan II - Link
Lusan III - Link
Dongsky - Link
In my opinion they are very close to what FTI learned.
Also there was discussions in this TAF Lounge - Link
Regards
Michael

Hi Michael, thanks for the link to the trading journals, I will take time to review them

Hi everyone,

The following is my first set of trading using fti's dancing method on demo. I have since ceased live trading and closed out all my previous open trades. This was approximately 3 weeks ago. Right now, I don't know if I am just lucky or I am actually doing a dance as per fti's guide. I would like to seek your honest feedback. Attached is the chart and blotter directly snapped from mt4. My standard MM is 1,2,1,1.

walk through, time is in Singapore time which is GMT +0800, chart time is GMT +0200:
2335 S x 1 x 1.34949 <- entered sell scout, soon after entering px shot up above 1.35. Price quickly fell back below 1.35, concluded duck pond was attacked. scout safe
2345 S x 1 x 1.34889 <- was apprehensive of entering 2 troops as per standard MM, dont know exactly why, just a feeling. Thus entered only 1 attack
2346 S x 2 x 1.34885 <- entered 2 attack troops, again just a feeling
2347 B x 2 x 1.34864 <- pull out 2 attack troops to collect foreign cap after seeing quick move down
2350 S x 1 x 1.34848 <- entered 1 attack troop after price fell, again feeling
2353 B x 1 x 1.34807 <- observed pa stalling at recent support, gbp and yen also seems to stalling, thus pull out, kept scout for a while more..
2353 B x 1 x 1.34812 <- observed pa stalling at recent support, gbp and yen also seems to stalling, thus pull out
2354 B x 1 x 1.34823 <- final pull out

Charts: Grey crossed indicates approximate entry point



1min chart for more granularity

Hi fellow readers,

The following is the result of my trades today on EURUSD. Bull means buy Euro, Bear means sell Euro:

3k Chart


1M Chart for more granularity


Blotter


Walkthrough
Bear attack
2036 S x 1 x 1.34968 : Scout deployed to battle, noted prior down move to scout's location looks very orderly. noted current timing is london's lunch. Noted current wave is start of 3rd impulse.
2049 S x 2 x 1.34946 : Frontline army deployed
2052 B x 1 x 1.34917 : Frontline army downsized to collect foreign capital
2059 B x 2 x 1.34937/36 : Attack completed

Bull attack 1
2100 B x 1 x 1.34936 : turned pig and deploy scout to bull battle
2100 S x 1 x 1.34956 : exited quickly when px jumped up and collected foreign cap - do not want to overstay a bear trend as a bull

Bull attack 2
2125 B x 1 x 1.34957 : deployed bull scout to battle again, price quickly jumped up. however, failure to exit quickly due to lost in nimbleless maybe caused by greed & unstable mind from success in Bull attack 1
2144 S x 1 x 1.34906 : lost all foregin cap collected in bear attack 1

Bear attack 2
2144 S x 1 x 1.34902 : deployed bear scout into battle. bear scout in bad location because close at support. pa keeps testing support for the next few bar and support held mostly. rescue seq standby: 1,5
2228 B x 1 x 1.34929 : recall scout and book loss to avoid news release at US ISM Manufacturing PMI coming on at 2300.

Mindset reset: Wait for window to deploy scout, watch PA and feel the market. need to improve on nimbleness to turn pig.

Bull attack 3
2301 B x 1 x 1.35107 : deployed bull scout after PMI release shows it missed forecast by 5 points on the negative to capitalized on USD weakness. Have to move very very nimble
2302 B x 2 x 1.35139 : frontline army deployed, must be nimble
2302 S x 2 x 1.35207 : recalled army, attack success, detect happyiness entering mind after close - dangerous.
2302 S x 1 x 1.35194 : recalled army, attack success

Hi fellow readers,

Today's trade on EUR/USD:

Chart


1M for granularity


Blotter


Walkthrough

Bear attack 1
1551 S x 1 x 1.35220 : bear scout deployed to battle, px shot up quickly after deployment, rescue seq standby 1,5
1601 S x 2 x 1.35168 : frontline army deployed to battle
1602 B x 1 x 1.35098 : downsize frontline and collect foreign cap
1604 B x 1 x 1.35094 : recall frontline troops - ?was recall too hasty (R1)
1605 S x 1 x 1.35062 : reenter small frontline
1610 B x 1 x 1.35097 : book loss as pa shotup - ?maybe caused by nervous or mkt form misread (R2)
1615 S x 1 x 1.35011 : reenter small frontline to cap on duckpond
1619 B x 1 x 1.34984 : recall frontline
1628 B x 1 x 1.34990 : recall scout, attack completed

reflection: (R1) scout seems to be doing most of the work, should more time be given to army to improve performance?
(R2) Nervous or mkt misread when PA went up after a sharp drop during london open caused premature booking of losses. Fear of london open fakeout? Need to cultivate better mindset and mkt form read.

Bear attack 2
1645 S x 1 x 1.35018 : bear scout deployed to battle. px shot up shortly, rescue seq standby 1,5
1711 S X 1 x 1.35101 : first wave rescue deployed to battle, px went down a few times which offer opportunity for exit. however, distracted by surrounding commotion, rescue 2nd wave standby = 5 troops (R3)
1830 S x 5 x 1.35145 : deployed 2nd wave rescue to battle. noted 3K tearing, dollar moving out of euro, gbp into yen - to cap on this short term move, stay nimble, TP set to make sure no miss in rescue
1834 B x 7 x 1.35108 : whole army recalled safe and sound, rescue completed.

reflection: (R3) distraction is dangerous to the proper babysitting of trades, this will cause me to lose my head which may trigger an cascade of bad trades due to disrupted mindset and blown account. minimize distraction by quickly redirecting it elsewhere and invoke negative image in head to remind self of danger.

Hi readers,

part 2 of today's trade. shall call it a day for now:

Chart


1M Chart


Blotter


Walkthrough
2143 S x 1 x 1.35219 : bear scout deployed to battle
2151 B x 1 x 1.35176 : px fell to below recent spt and retreated up back quickly, suspected duck pond. also noted yen not moving, no major $ flow. recall scout.

Hi,

Today's EURUSD trades. I am calling it a day.

Chart


1M Chart


Blotter


Walkthrough
Bull attack 1
1348 B x 1 x 1.35141 : bull scout deployed to battle, px stalls for while and drops like a stone, rescue seq 5 standby
1440 B x 5 x 1.35023 : rescue 5 troops deployed to battle, pa went up above rescue's location, however did not recall rescue as not BE yet
1445 S x 5 x 1.35018 : recall entire rescue troop as pa fell again, losses booked, rescue failure
1449 B x 5 x 1.35031 : rescue 5 troops deployed to battle
1455 S x 4 x 1.35049 : recall 4 rescue troops to collect foreign cap
1458 B x 2 x 1.35055 : deployed 2 bull troops to battle, previous 1 rescue troops left turned in front line troops, thus total 3 frontline troop in attack
1502 B x 1 x 1.35071 : deployed 1 bull troop, total 4 frontline attack
1505 S x 1 x 1.35088 : recall 1 frontline troop to collect foreign cap after px jerk
1506 S x 1 x 1.35088 : recall bleeding scout
1506 S x 1 x 1.35086 : recall another 1 frontline troop, 2 frontline left in battle
2118 B x 2 x 1.35096 : recall 2 frontline, whole army back, almost BE for losses booked. Commission is eating up a lot of P&L.

Bull attack 2
1601 B x 1 x 1.35112 : bull scout deployed to battle. noted scout on possible 3rd impulse wave up.
1606 B x 2 x 1.35155 : deployed frontline to battle
1607 B x 1 x 1.35170 : deployed frontline to battle on strong momemtum, px starts to stall shortly
1016 S x 2 x 1.35173 : px stalling, doesnt like 3K movement, recalled frontline
1017 S x 1 x 1.35168 : px stalling, deesnt like 3K movement, recall remaining frontline, scout left
1033 S x 1 x 1.35161 : px coiling up, recall scout, noted possible end to 3rd impulse, to observe PA - note 2 down bars, but pa not moving down, px shot up later and this is on hindsight.

Hi Jacque
Looks like you making progress

Hi Michael, thanks for your kind words how is it going for you?

Hi fellow readers,

this is today's EURUSD trade. I am upgrading my MM to 1,2,2,1 from 1,2,1,1 All trades were taken after the NFP news:

Charts:
With trades on chart


w/o trades on chart


1M


Blotter


Walkthrough
Bull attack 1
2130 B x 6 x 1.36393 : after NFP news release shows misses, Euro went on the climb. Entered 6 troops to for immediate attack (R1) PA stalls after entry and drop like a rock, rescue seq 6,30 standby
2140 B x 6 x 1.36173 : send lvl 1 rescue troop, rescue failure, lvl 2 standby, max loss 10% standby. Notice element of hope entering head, initiate negative image to counter
2151 B x 30 x 1.36017 : lvl 2 rescue troop, max loss 10% standby
2153 S x 42 x 1.36105 : all troops recalled. rescue completed

R1: To adjust MM for high volatity terrain in future. i m lucky to be alive.

Pig attack 1: head was spinning, switching between bull and bear, picked bear
2155 S x 1 x 1.36039 : pig scout deployed to battle field
2156 B x 1 x 1.36005 : pig scout recalled, wanna turn bull, book loss

Bull attack 2
2156 B x 1 x 1.36052 : bull scout deployed, pa fell, rescue seq 5 standby
2208 B x 5 x 1.35941 : rescue lvl2 deployed to battle
2209 B x 1,5 x 1.35974, 1.35982 : rescue troop recalled. rescue completed. mt4 playing tricks with me, didnt allow me to close mkt order and timeout me. this is demo, mind you!

Bear attack 1 Decided turn bear, this is no pig.
2215 S x 1 x 1.35297 : bear scout deployed to battle
2217 S x 2 x 1.35904 : lvl 2 army deployed, however px went back to swt spot, rescue seq 3,15 standby
2230 S x 2 x 1.35827 : lvl 3 army deployed to battle as px came back down, conclude mini duck pond attack above
2231 S x 1 x 1.35854 : lvl 4 army deployed. full army in combat.
1631 B x 1 x 1.35843 : recalled 1 as px seems to lose steam from 3k.
1631 B x 1 x 1.35849 : recalled 1
1635 B x 1,2,1 x 1.35867,1.35860,1.35882 : recalled whole army back as px losing steam. Attack completed

Hi readers,

these are today's trade. I traded on mostly EURUSD and a few on USDJPY today. I shall be only write my reflections from this point onwards.

Chart:


1Mchart:


Blotter:


Reflections:
1) going full army at the right time collects more foreign cap.
2) Beware of strong volatile movement again. Need to be very nimble with MM
3) Refusal to turn wind after seeing 3K because there is an open position and didnt want to book loss - toxic or not?
4) Commission is expensive, increased army size should mitigate commission's impact. Slow increment of army size.
5) Current full army size is 6, next lvl to increase to 7. 1,3,3

Part 2:

Charts


Blotter


Reflection
1) Rescue carried out, feel a tenancy towards rescue. Do not want to do too many rescue because would missed attacking trend. However, because armt size is small - ?Killing scout is expensive for small army size - to increase full army to 10: 1,2,3,4 ; ?need to improve on market form read
2) not riding trend to the end, too hasty in recalling scout
3) to assume base capital of 5K USD.
4) This just hit my head fresh - the purpose of a scout: it helps to commits the frame of mind to read form and dance. to get the pig out of the head. however, do not be rigid, react to the info coming out of the market NOW.