MAC I donât use any of it - but I can trade off T&S only â if need be (my charts fail) â but it takes an immense amount of focus on my part Level II â I donât use it MP â I donât use either, but there is a member here who does â I would hate to trade against him It is important we each find what works best for us â we are all different RN
how do we determine what is best for us? how did you determine your style fit you besides your bank account going up? at some point everyone starts this journey losing money and then for some it changes. I should say this in a different way. How do we know our thinking is changing in the direction of a method that fits us?
Once you stop focusing on the methodâ¦, and start understanding the real answer (solution) lies within you Many continually chase a better method/ indicator/ news feed/ guru/ edge â what ever⦠and none of it matters one damn bit Absolutely none of it RN
Is there any way to expand on the "within you" part. I can't speak for others but when I hear that comment I start to think what can I do differently than everything I have attempted. Should I just start entering the market, tracking the trades and find the profit/loss factors within that set of trades that are my own? Is it a change in who I am and if sp where should I start working on it? I can't grasp why it can't be something that is taught other than the possibility of everyone interpreting patterns and markets different. Even if that is the case how does one go about starting to figure a way that they can repeat the view of the market (context) in an accurate way that allows for profitable trading? I'm not trying to fight the advice but just truly voicing where it is a barrier I'm wanting to break.
XB You just asked a $64K questionâ¦. So a commensurate answer is due ====================================================== Realize what you are askingâ¦, also realize what you are attempting to do⦠Rewire a human beingâs beliefs â your beliefs⦠The very things that make you uniquely you (well that and DNA) You sure you want thatâ¦.. It will change you⦠======================================================= The simple answer is â (remember I am simple minded) You only need learn to get out of your own way and simply trade what you see, with out any expectation of any tradeâs out come While knowing anything can happen in the market at any given moment⦠But you donât need to know what will happen next to make money You must simply follow price While always protecting capital first, and making money second easy peasy⦠======================================================= The more complex answerâ¦. You will need to give in completely⦠fully accept you donât know, nor will ever know.. accept that you will stick your opinion, and ego, up your ass⦠then stick your head up priceâs ass â and follow it to hell and back â every day you tradeâ¦. Youâll have to accept that having a losing trade â does not make you a loser⦠any more than having a winning trade makes you a winner⦠It only makes you a trader.. You will have to accept you WILL have both winners and losersâ¦. Youâll need to set every human characteristic aside (wants, ego, opinions, knowing, certainty, impatience, whatever), then quiet your mind (thoughts) and simply trade what you see Youâll need to fully trust price (the very thing I bet right now you believe is out to get you) Youâll need learn to completely trust you (what youâll do⦠what youâre seeingâ¦, what youâre thinking) Youâll need to become your own mentor (harshest critic, greatest supporter, most objective observer) Youâll need to start seeing objectively, which means youâll lose a lot of feelings you currently have (youâll also never view the world around you, nor the people in it â the same again) Any hang ups/ psychological BS you got going on â youâll need to cast it off Being wrong â fuck it⦠What others think â fuck em⦠What you think â fuck it as well Youâll need to accept the market does know you existâ¦, nor gives a shit if you go long or short.., win or lose⦠====================================================================== This is what youâre asking to become.., the journey youâre inquiring about⦠Now if you decide to take this journey, know itâll be just as hardâ¦, or easy â as you make it⦠And not one bit more, or less.. I was a stubborn, combative dip shit, hence mine was hard And for the record â Iâve already posted ad nauseum about my journey â feel free to look it up⦠Just realize â if it is to be â it will be up to you Sleep on it tonight â if your still interested tomorrow Iâll pm ya some ideas ============================================================== oh yeah and don't forget â You do have the choice of choosing the simple answer ==================================================================== Story time for me tomorrow is early... I need to get some rest See ya RN
It would appear to me from what i've seen so far that intraday stock charts are easier to trade as they seem to respect classic patterns and trendlines a lot more than currencies or even indicies. You are welcome to correct me if i'm wrong.
Fantastic! Simple words? maybe...but the meaning is worth a million dollars, well to me at least. Thank you.
RN, thanks; great advice! How do you combine a meticulous study for price action with that kind of attitude? I assume you enter with a precise and thought out plan, but the moment you're in; you are also open for any new or contrary input. Another idea would be to simply plunge in and go with the flow... Please share your ideas with us! Cheers, Onra
Dear Jack, I hope this finds you well (especially health-wise...)! Having spent some time getting into your method, it seems most of the concepts are becoming clearer and clearer, which is great. It seems I am becoming sensitized to Pace quite well. I was wondering if I could ask you a question. The question concerns some remarks of yours regarding Volume> than prior trough and same color (I saw that both in the Flowchart and in other writings). Does one compare troughs to troughs or the current peak to a previous trough? If there is a better venue for clarifying this, please send me a PM and let me know... TYWM! Vienna P.S. just so that you know I am not some deranged detractor, attached please find this AM chart of the ES...