LOL. I know *Exactly* what you mean! My old personal trading journals are a real hoot. Looking back at them a couple of years later is just hilarious. I can't believe all the nonsense I wrote and thought and all the sheer, unexcusable stupidities I committed, day in, day out. Yeah, it is quite a challenging, ongoing process of evolution...
Fantastic points, Jack. And spot on! That's exactly what I meant. Regarding the NLP understanding : Fully agree here, too. You really need to take a course, and then take further education, processing and development from there into your own hands. You can't just learn NLP from books. You need to practice on people, and let them practice on you, in order to understand. Scientist.
This is the hardest thing in trading the dax. It has happened to me too many times that I carefully and slowly build up a nice positive balance and then get suddenly wiped or negative by a surge.
Just to confirm, when you say follow the side of the most volume do you mean if the bid side volume is larger than ask side volume you go a) Short or b) Long? I know this seems basic but I have seen instances of each.
How's this? I just realized you could attach zip files. Stupid me. Well, here's "Yoda Pivots", the pivot points I use - when I use them - in a zip. They can indeed be quite powerful on DAX. You can load them into any eSignal chart. Have Fun! Scientist
Scientist, ive been following this thread with great interest.. the subject of NLP is something that ive studied only enough to be familiar with the basic concept.. im curious about the process your coach took you through in this case.. did he use hypnosis? if so, i am curious if you have noticed any negative effects from the hypnosis? thanks.. -Qwik
Hypnosis? LOL no no. All you do is sit (or lay) down, relax, become settled, forget the world around you, and then focus on the questions / words of the person working with you. A bit like autogenic training I suppose. It takes about one or two minutes to get you into that state. As that happens (you need to constantly and throughout calibrate your subject to see if he/she is in the right state, i.e. watch muscle tension etc!), you do an ecology check to see if the change that person wants to have made would really be universally (!) beneficial, then, if confirmed, you ask the questions and get the subject to look into its own subconscious, to find the reasons for the problem / behavior / illness / emotion, whatever that person wants to find out. You keep doing this until the subject "finds it". Subject is conscious all the way through, not hypnotized. But in a state of complete relaxation, so the conscious doesn't constantly "overrun" the subconscious memories etc. As, for example the "secondary reason" is found, it can be reframed (i.e. "would it it be if ... instead...?") and therefore turned to your advantage or even eliminated, or linked to something else. This is nothing but a simple process to make your subconscious work for you instead of against you. It has been scientifically proven and done for a long time, is used by a lot of therapists etc, some of which are very famous (i.e Milton Erickson). It has been known to create extreme changes to people's lives, if they intended to do so. You can not have "negative effects" from it, that's nonsense. You only do what you want to do. That's why do an ecology check. There's no negative effects to be derived from using NLP properly - only positive. But it is of course fully up to you. There's nothing "mystical", subjective or hard to understand about NLP, either. It is a science that is based on pure commonsense and logic, and the way our brain works. As you go through a course, you will just go "yeah, that all makes sense". NLP and elements of it is used world-wide, to a large extent particularly in the fields of business, communication, coaching, selling, high-performance sports, military performance and individual (situational) therapy and life improvement. Whichever you want to primarily use it for is up to you - Once you understand it, you can do almost anything with it - Such as becoming a high-performance trader, or marksman - whatever you like. I most highly recommend it. I recommend to go with an accredited trainer, though, because there are a lot of pseudo's out there indeed. A proper NLP expert should be accredited with INLPTA and by preference have a good deal of experience with a lot of people and problems. I was lucky to find an excellent NLP coach, who has been coaching me for years now. I hope you will, too! Have Fun! Scientist
Traders with marginal trading strategies always conclude that trading is all about psychology, since that is the only way they can get their marginal strategies to be profitable (i.e., they have too little room for error or undisciplined behavior).