Journey to consistency
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Thread: Journey to consistency

  1. #1
    #8220;The market is a device for moving cash from the impatient to the individual. #8221;- Warren Buffet #8220;Sheer will and determination is no substitute for something that actually works#8221;. #8211; Jason Klatt Everyday I presume every position I have isn't right. #8221; #8211; Paul Tudor Jones #8220;I have two basic rules about winning in gambling in addition to in life: 1 ). Should you don#8217;t bet, you can#8217;t win. 2. Should you lose all of your chips, you can#8217;t bet. #8221; #8211; Larry Hite #8220;Take your profits or someone else will require them for you. #8221; #8211; J.J. Evans #8220;Never allow a win go to your mind, or a loss to your heart. #8221; #8211; Chuck D. #8220;Just The Game, Can Teach You The Sport #8221; #8211; Jesse Livermore #8220;Trade the market in front of you, not the one you want! #8221; #8211; Scott Redler #8220;whom you want to be is always in control, never needing, constantly trading, and always first and foremost protecting your butt. #8221; #8211; Paul Tudor Jones #8220;The sport of speculation is the very uniformly fascinating game on the planet. But it isn't a match for the dumb, the mentally lazy, the individual of inferior emotional balance, or even the get-rich-quick adventurer. They will die poor. #8221; #8211; Jesse Livermore #8220;Should you don#8217;t honor risk, eventually they#8217;ll carry you out. #8221; #8211; Larry Hite #8220;Dangers of watching every tick are twofold: overtrading and increased chances of liquidating good rankings #8221; #8211; Jack Schwager #8220;If you can#8217;t require a little reduction, sooner or later you may choose the mother of all losses. #8221; #8211; Ed Seykota In trading, everything works occasionally and nothing works consistently. #8221; #8220;Hope is emotion that only charges you money. #8221; #8211; Jim Cramer #8220;It#8217;s OK to be wrong; it#8217;s unforgivable to remain wrong. #8221; -Martin Zweig #8220;The obvious rarely happens, the unexpected constantly occurs. #8221; #8211; Jesse Livermore #8220;Accepting losses is the most important single investment device to guarantee safety of capital. #8221; #8211; Gerald M. Loeb

  2. #2
    EJ divergence double top failed closed it in -6.9pips until it hit SL.

    Hmmmmmm, I'm working on ways to better detect the right pattern

    was not actually a double top after all.
    Price was stalling yes, but it was pushing for an up surge.

    Transactions I miss out on intentionally for fear of losing turn out to be winners while trades I took after convincing myself its going to be alright prove to be astrophic.

    While it might be true to take every sign that strikes out on my face

    I must also recall:
    when I look back on these trades nearly always it was my own fault. Not that some greater force was working against me.

  3. #3
    Quote Originally Posted by ;
    EJ divergence double leading collapsed shut it at -6.9pips before it hit SL. Hmmmmmm, I'm still working on methods to better detect the right pattern was not actually a double top after all. Price was stalling yes, however, it was pushing for an up surge. Trades I miss out intentionally for fear of losing turn out to become winners while transactions I took after convincing myself its going to be fine turn out to be astrophic. When it might be true to take every sign that flashes out in my face I need to also remember: when I look back on those transactions almost always...
    I will take a peek at it a bit later. . .see when I could spot something that you did not.

    What tf is that you're showing. Daily?

  4. #4
    Quote Originally Posted by ;
    quote I'll take a look at it a bit afterwards. . .see when I can spot something you did not. What tf is that you're showing. Daily?
    It had been 1h, watch the double divergence 20ema touchdown retesting the previous low loing support? - I needed to buy into that setup, but there it proceeded and now that I eventually worked up some courage to sell here I'm

  5. #5
    Quote Originally Posted by ;
    quote it had been 1h, see the dual divergence 20ema touchdown retesting the prior non finding service? - I wanted to buy into that setup, but there it went without me and now that I finally worked up some guts to market here I am
    So that you sold, or bought? Sorry, I am being a bit awkward! Here is what I would have done. The huge MAs on the important tfs for me were in service, so what I do if the price dips back to them within an uptrend, is look for signals to get in, which normally come from the candle configurations. I've got smaller tfs than the 10m of course, so hopefully I would have got a fairly precise entry on the 1m tf. What stopped it going higher was the BOE rate announcement when all went south. GJ was technically installed to collapse today, as I posted this afternoon on Cat's Whiskers, but that it did after the rate rise was a surprise to most people.

  6. #6
    Quote Originally Posted by ;
    UJ 123 sell did not go as per plan. Got out instantly with -11.9pips once the second hour closed above 20ema. That's a progress. Cutting your losses. But I have yet to master holding onto winners. ”The apparent rarely happens, the unexpected constantly occurs.” -- Jesse Livermore image
    I think you did not give it a sufficient time to breath. In my opinion. . .humble because it is...I dont think you should be watching over your position like a hawk....set and forget is exactly what I practise, but that is just me. Just thinking I should respond to your posted chart.

  7. #7
    Just wanted to say excellent quotes in OP.

  8. #8
    Quote Originally Posted by ;
    quote I presume you did not give it a enough time . In my opinion. . .humble because it is...I dont believe you need to be watching over your position just like a hawk....set and forget is what I practise, but that is only me. Just thinking I need to respond to a posted chart.
    Thanks to leaving some constructive criticism.
    I think the main reason why I keep coming back to test, is plain and simple: I'm not convinced in my trading that's understandable given my bad track record. But not excusable.

  9. #9
    Quote Originally Posted by ;
    Just wanted to say wonderful quotes in OP.
    Thanks DeepChill,

    simply copied and pasted few quotes that related the most.
    Glad you have liked them!

  10. #10
    Just how different our point of reference could be?

    Can you see what I am seeing?

    But of course when and if 87.40 breaks it's no longer on my watchlist.

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