[quote=pannet1;8483050]{quote} dear sweet phil 
, many thanks for your spending some of your invaluable time for me. it would be a sin if i do not say thanks. fully appreciate your help. a) the screenshot i sent and narrated is made of HA candles that's why there is less noise. b) it was all well (leaving the linear sells in between) till a entrancement came. while professionals will reload buys at the rest position, i covered the profit. this is a mindset i need to change. c) before this, i want to clarify, how master sells in a downtrend first and then keeps on buying smaller lots down the trend (the famous screenshot of master's attached below once again). {image} i am trying to copy that while i am not perfect like master, i am still asking the basis of why you say one should not lock the profit with opposite orders. i am asking this to know if i am fundamentally wrong in my approach. d) with regards to the price going to the previous day (or) the day before, don't worry. that was a escape route and sometimes a take profit level. i promise you i am not with a rigid mindset. e) famous words of master that came along with the above chart once again for someone reading this thread from last pages :-)
Hi pannet1
From my understanding of reading the thread we do not rescue unless market goes against us, what fti has shown in this example is as an illustration for us to understand and formulate our own skew strategy there, being able to use the skews is just one part of what you need to understand to make this trading thing work for you, as Jacque says mindset is vitally important.
In fti's example has fti counter traded at any point? No, he has flowed continually selling and removing (scaling) with the trend, why? He did not trade 'scared', it just seems that you have neglected to work on how the market moves and works, so your locking in is adding risk as you are counter trend with these trades, one time while you are doing this the market will quickly move and you will have a big recovery on you books, look at the wells wilder table of % loss in the thread to see the full implications of this and possible problems it will cause. To me the idea here is to constantly adjust to the market.
There are some instances where trading in both directions can be useful and works very well like a range but NOT in a trend run as your example showed.
I have myself in the past played around with constantly trading both ways at the same time and I ended up in recovery far more than I should of, this denied me time to make profits while recovering my mess but as said there are no rules and if it is working for you great, I am only trying to point out my experiences with it and not trying to tell you how to trade, the market teaches everyone where they are going right or wrong.
Not sure if you realise but to my understanding the '- X' are sells and the plain numbers are buys (remove), so initial full attack is -20 the second is -26.
Regards
Phil.
, many thanks for your spending some of your invaluable time for me. it would be a sin if i do not say thanks. fully appreciate your help. a) the screenshot i sent and narrated is made of HA candles that's why there is less noise. b) it was all well (leaving the linear sells in between) till a entrancement came. while professionals will reload buys at the rest position, i covered the profit. this is a mindset i need to change. c) before this, i want to clarify, how master sells in a downtrend first and then keeps on buying smaller lots down the trend (the famous screenshot of master's attached below once again). {image} i am trying to copy that while i am not perfect like master, i am still asking the basis of why you say one should not lock the profit with opposite orders. i am asking this to know if i am fundamentally wrong in my approach. d) with regards to the price going to the previous day (or) the day before, don't worry. that was a escape route and sometimes a take profit level. i promise you i am not with a rigid mindset. e) famous words of master that came along with the above chart once again for someone reading this thread from last pages :-)Hi pannet1
From my understanding of reading the thread we do not rescue unless market goes against us, what fti has shown in this example is as an illustration for us to understand and formulate our own skew strategy there, being able to use the skews is just one part of what you need to understand to make this trading thing work for you, as Jacque says mindset is vitally important.
In fti's example has fti counter traded at any point? No, he has flowed continually selling and removing (scaling) with the trend, why? He did not trade 'scared', it just seems that you have neglected to work on how the market moves and works, so your locking in is adding risk as you are counter trend with these trades, one time while you are doing this the market will quickly move and you will have a big recovery on you books, look at the wells wilder table of % loss in the thread to see the full implications of this and possible problems it will cause. To me the idea here is to constantly adjust to the market.
There are some instances where trading in both directions can be useful and works very well like a range but NOT in a trend run as your example showed.
I have myself in the past played around with constantly trading both ways at the same time and I ended up in recovery far more than I should of, this denied me time to make profits while recovering my mess but as said there are no rules and if it is working for you great, I am only trying to point out my experiences with it and not trying to tell you how to trade, the market teaches everyone where they are going right or wrong.
Not sure if you realise but to my understanding the '- X' are sells and the plain numbers are buys (remove), so initial full attack is -20 the second is -26.
Regards
Phil.
-be careful about what you allow to be put in your mind-
)
.
HAPPY to hear that
and had a casual approach.