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Trading Journal (only my take)

  • #121
  • Nov 8, 2017 5:30am Nov 8, 2017 5:30am
A poster recently said that he wants to better himself, presumably via trading.

It's a pretty typical aspiration, and which is fair enough. This person clearly thinks that posting charts on FF, which is a very simple action, is part of the solution to his goal. Of course that is not the answer. He, and hundreds like him, need to take the appropriate steps before even thinking about a trade, let alone posting on FF.

Just because a very few have a decent approach, and make money, the vast majority don't. The very few will have taken years to hone their approach, it doesn't happen overnight!

FF is a magnet for the hopefuls, very very few will make it, largely because 99.9% of them are thread-hoppers and will never develop their own style.. You will find that the few better traders, are those that stick to their chosen approach, and do not deviate from it and who completely trust themselves as a result.

It should all be obvious what I've said, but not necessarily popular.

Anyhow, the message should be clear enough either way, and I've alluded to this kind of stuff a few times eg post 113
  • #122
  • Nov 8, 2017 9:22am Nov 8, 2017 9:22am
Quoting Landline
NU long set now in play live. The conditions that I need are in place, and I'll add on, adjust, exit, take pp and generally manage the set as it plays out through the week etc etc as and when required along the same lines as I've illustrated in all my other trades that I've posted live previously.posted. As the saying goes, I live and die by the sword...but it's real.... with no bs, and you don't see many others confident enough in their method prepared to do the same....funny that...can't think why lol. {image}
OK..a quick update.

Slow progress, recent resistance levels are the obstacles to overcome, and that is where my 1st tp level is actually sitting.

If/when tp1 is hit, then I'll be in a good place to further manage other positions and add-ons etc as per my usual routine. Right now though, bear in mind, I am still at maximum risk until then. Oher trades in progress are in a similar kind of state, but for now I'll focus on NU only to keep it simple.

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  • #123
  • Nov 9, 2017 4:21am Nov 9, 2017 4:21am
Quoting Landline
{quote} OK..a quick update. Slow progress, recent resistance levels are the obstacles to overcome, and that is where my 1st tp level is actually sitting. If/when tp1 is hit, then I'll be in a good place to further manage other positions and add-ons etc as per my usual routine. Right now though, bear in mind, I am still at maximum risk until then. Oher trades in progress are in a similar kind of state, but for now I'll focus on NU only to keep it simple. {image}
TP1 hit and 25% taken from both TP2 & TP3. Stops adjusted. Now zero pressure, and yet I still have 2 open live positions in play, pretty good, and pretty simple.

All logical, so, to anyone viewing and interested enough, what would you be looking to do next, if anything?

and

What do you think will I do next, if anything?

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  • #124
  • Nov 9, 2017 6:18am Nov 9, 2017 6:18am
....As a result, in theory, only genuine traders fulfilling these initial main rules will post trades and I don't expect many (if any) will.


Evidently, no one fulfils the main thread rules, which was intended for quality postings not quantity, well neither has really happened, and that speaks volumes about FF forums in general.

Not many, if any, have intelligent, original and an independent capability to confidently express an opinion in a rational sense.

On that basis, I will be posting my views and live trades less frequently from now on, unless a poster with substance catches my attention, but I won't hold my breath lol.
  • #125
  • Nov 11, 2017 6:00am Nov 11, 2017 6:00am
OK, last post for a bit.

I've just seen an exchange between 2 traders. Both doing exactly as I have previously said, ie trying to impose their own view on what the market will do in a stubbornish way. What they fail to understand is that they both may be right. Now then, that, believe it or not, isn't actually the most important part imo for either of them. Both should stand back, accept what has been said, and say to themselves, ok the other guy might be right but I have full faith in my approach in the long run, notwithstanding that yes, some methods are better than others, (but that doesn't really matter that much contrary to what others might think).

The moral of the story here is straightforward enough, stick to your own plans, don't be deterred by others who make extravagant claims about their system... it just doesn't matter. Understand your own inside out, that is without doubt the most important piece of advice that I'd offer, and then whatever anyone else is doing becomes totally irrelevant.

It should be obvious, that these things form part of the reason why I can't be asked to partake in bs nonsense anymore, few people just cant think straight enough for me.
  • #126
  • Nov 25, 2017 6:43am Nov 25, 2017 6:43am
Decided to pop in after a couple of weeks away from the usual bs on all the threads.

And, surprise surprise, still ongoing bs lol, nothing new, nothing original, nothing to grab my attention.

People trying to impress one another either with crap methods or bs claims of success, with the rest being sucked in like lemmings.

It would be a piece of cake to say I did this and did that and won this and won that bla bla bla, but I won't. Only real and live trades with supporting charts posted in a timely manner are what matters from anyone in order to impress, anything less is pure bs.

Honesty is rare, perhaps non-existent on these kind of sites, and I'm well aware that my kind of outspoken statements don't go down too well generally...too bad, but at least I keep it real and that can't be said in 99% of cases.

That'll do me for a while
  • #127
  • Nov 27, 2017 5:26am Nov 27, 2017 5:26am
So much bs today already lol. So called traders pretending to know, and who speak rubbish but actually know zip and who certainly do not trade for real. For example, some guy has just added a bunch of criss crosses for example....he has no idea what he's doing and basically trying anything, which means he has nothing whatsoever to base his ridiculous charts on except a load of lines. He will play around with them and make stupid claims to others that it works in a few days I've no doubt. Of course, any bunch of lines will work at some point! His approach, like everyone elses on FF, is unfounded, and acts as a big clue that no one is trading for real here. The site is no more than a place for ideas, and that's it. All these TE bs stuff and nonsense is exactly that. Everyone is experimenting and that's all, no one has real cash on the line, and I could easily cite 50+ who fall into that bracket with a so called bs reputation or not, it makes no difference.

People need to realise instead that tap, bias break, retracement, in that order, are the references needed to effectively and simply make the right trading decisions, and all of those are always present at least in one t/f or another, the higher the better of course, but that requires more patience, a commodity not common amongst all the losers lol.

As usual, my honest take will be disregarded, along with all my other views and informative live trades and charts that I've posted, which covers most of the stuff needed to trade properly! The trouble is, everyone wants it handed on a plate to them, without engaging their own brain! lol
  • #128
  • Dec 2, 2017 6:04am Dec 2, 2017 6:04am
Some on FF do a whole lot of talking...mostly bs, designed to big themselves up and impress the morons who take note of all their crap.

The big talkers will never post a live trade in real time, and always post stats instead, which is completely useless other than to serve the purpose of bragging to those that somehow find it interesting....very odd!

In my case, I only posted trades with a live chart in real time which does serve a purpose to anyone else interested.

Anything else is simply a bs FT no matter what form it takes.

My ignore list captures those that have tried their bs on here...that should act as both a warning and advice as to who and what kind you should steer well clear of.

In short, if they can't comply to how I've laid out the posting of a trade, then they are without any doubt a bullshitter.....ignore that advice at your own peril!
  • #129
  • Dec 4, 2017 6:53am Dec 4, 2017 6:53am
I've just seen another journal where a couple of guys are arguing the toss regarding indicators and so called price action.

Neither realise that an indicator (if used) should only be used sparingly to support a trading decision. Oscillators and the like do not guide price....price if anything guides the oscillators!

Furthermore, something that I've spoken about before is the term "price action". It is a misnomer to simply call it that actually, because what most people don't understand is that time is as important as the price, it goes hand in glove!...and is why I use the term tap instead.

No one seems to have managed to get their heads around that concept, and then figure out a way how to apply it meaningfully in a tradeable manner.

Remember, on this journal, I am not here to teach these so called red flag experts how to trade (yeah that was indeed a joke lol), but I have given enough tips, images and live trade management examples throughout, from which techniques can be applied for people themselves to implement if they have the mind to do so.....but, the evidence clearly suggests they don't!

Everyone continues to know best....lol
  • #130
  • Dec 4, 2017 3:38pm Dec 4, 2017 3:38pm
Cubbybbad....hmmm

I'm not surprised if I'm honest, the writings been on the wall for a few months, and he will surely already know that. He failed to apply discipline, and became a gambler instead and has paid the price.

Sympathy?...to a point, but novicy gambling like that I'm afraid gets what it deserves. There is so much wrong with his entire approach and mind-set that I doubt he will be able to recover for several years now, if at all. I suggested back then that he call in here once before when the signs were obvious to me that the inevitable would happen if he didn't change a number of things...well it's too late now.

It's yet another prime example I'm afraid of someone thinking they know best but actually they know just enough to get themselves into trouble, which is a shame in his case, as he seems a regular enough kind of bloke.
  • #131
  • Edited 6:14am Dec 6, 2017 5:44am | Edited 6:14am
We all view charts differently to one another, placing our faith on something or other, and I'm certainly no different in that respect.

The main difference is however, that I do not follow anyone's idea or suggestion of what the market may or may not do (for obvious reasons!).

For example, candles etc are only tiny fragments of tap, and in no way do they singularly give any particular advantage imo, such as IB's and the like, and I think far too much credence is given to these kind of so called identifications of direction that is seen across all threads.

Very often, opinions are expressed based upon these types of candles, and yet they can only tell you what has happened for that tiny portion of time ie that candle.

It is illogical to believe that said candle is in any way a strong enough indicator of direction.

So, think about that for a bit and let it sink in.

Some (at least) will now be saying to themselves, yeah ok, but we need a trigger signal and that that's as good a method as any...but, unsurprisingly, I would disagree, mainly because time would not have been consciously factored into their consideration.

As per normal, I know my take is seen by many, (maybe everyone who knows lol) as controversial from a trading perspective, but then I think that everyone else has been indoctrinated exactly how the banks and the brokers want them to think via the plethora of indicator junk spewed out in the first place, and then closely followed and supported by the "shepherds" purporting to use the junk profitably...which of course the average sheep will follow...all the way to the butchers shop!

Food for thought today, that's all.
  • #132
  • Dec 8, 2017 5:40am Dec 8, 2017 5:40am
The same ol same ol everywhere you look...nothing changes on FF.

Just a whole bunch of kidders in the main. Everyone's a winner (not) hahaha.

Cubbybbad is an exception to be fair...nice enough bloke, transparentish n all that, although given his track record, god knows what on earth his motive for posting must be...it sure doesn't make any sense to me to want to broadcast to the world..."hey folks I'm a loser"....I wonder why he feels compelled to do so?.....hmmmm

On the other hand, we have pretty much everyone else telling us how great they are with their fictitious trades and bs explorers lol.

If a trader can't post a live trade in real time which clearly defines entry, stops and tps then guess what...yep you got it in one..... it's a bs FT.

Everyone (with few exceptions) live in dreamland....ya know the kind, making thousands per day...and so many muppets listening to all that tripe...what a joke.

I've refrained from posting my trades these days you may have noticed...my method is all my own and no one understood or showed any interest in it, probably because no one can understand how to incorporate time into their own calculations in a simple but practical manner, hence this is why I now only make comments, according to my take periodically now instead on anything that I want or feel like addressing....boring for most I know, but hey it's my take! lol
  • #133
  • Dec 10, 2017 8:04am Dec 10, 2017 8:04am
A quick look about some of the threads and posts can be entertaining if nothing else lol.

A common theme, usually most prevalent with the dreaded red flag army, is their self-righteous and arrogant trump-like attitudes with pumped up egos the size of Jupiter.

Some of the TMS posts (there are many others everywhere else too btw, not just that one) for example, that reflect those characteristics I've noticed, but man o man....that thread and others like that are a complete tangle of weirdo personalities trying to out-ego one another...what a joke, and to be fair to the main man there, he has at least kept it alive and tried to help others over the years, which is more than can be said for the other nutters...even if he has some issues, and I reckon all the knockers there have far greater ego issues than he has imo.

As I said, these threads have some entertainment value, largely thanks to all the freaks out there, so cheers for that ...hahaha
  • #134
  • Dec 23, 2017 5:21am Dec 23, 2017 5:21am
Time away and nothing changes on FF. The same serial posters doing their utmost to convince the foolish that their way is best.

Those foolish enough to take any kind of notice to the extended and repetitive waffling posts that these kind of odd ball characters deal in, will eventually realise that they have wasted months of their time in search for what they thought was the perfect system...they will learn sooner or later their mistake in listening to these b/s. merchants, who give claim to freely mentoring the vulnerable and such like....all total nonsense.

One or two tried to post here, they were quickly identified as bullshitters and removed!

Personally, I will never have interest in any anonymous individual peddling their bs...let alone trust, and anyone who does so is asking for trouble...be warned and stay alert!
  • #135
  • Dec 24, 2017 7:01am Dec 24, 2017 7:01am
We have all the worlds bs merchants waffling for the world in one forum...FF...lol

Everyone wasting time, everyone b/s one another. Competitions to see who's the best bullshitter etc bla bla bla. I mean what on earths that all about c'mon. A real trader doesn't care what anyone else says they're doing because it simply doesn't affect them, so why the f would anyone be interested in a bullshit record from someone else. It's just more time-wasting crap for those involved. Anyone with half a brain should already know those that are real traders...there aint many!

All my trades that I've ever posted are in real time, with a chart, with entries, stops and tp. That's it, and all that is needed to prove, and when someone cannot do the same, then I know they are full of shit....which is the majority of course. Easy to identify and even easier to then ignore hahaha....who needs a bs competition to prove anything...just use your brain to figure out who's full of it....I've not been wrong yet!
  • #136
  • Dec 30, 2017 1:18pm Dec 30, 2017 1:18pm
I have had a great year and will continue with my proven method of directional bias and tap to find my entries.

I don't like all the fancy coloured stuff on my charts which are nothing more than distractions to what should be focussed upon.

I would expect another high yielding year of swing trading in my case, which is basic looking to most, but that's the point, simplicity is supposed to be straightforward, whilst still covering the principles of a sensible trade.

The vast majority will still be looking for that magical indicator I've absolutely no doubt, but the fact is, the information is staring you in the face already without the need for fancy stuff. Plenty of my posts show and describe live trades taken and how I go about it in enough detail to get some kind of handle on my own approach, and tbh anyone can do the same if they are confident enough to trust themselves...and that of course is really the key...most are not!

I may start to post more live trades in the new year...we'll see.
  • #137
  • Jan 7, 2018 5:22am Jan 7, 2018 5:22am
A weeks gone by and not much appears to have been learnt across the threads.

The same stuff, the same bullshitters..... bla bla bla. Why anybody would want to follow so much garbage is beyond me eg shadows etc...why would anyone need a damn shadow...it does absolutely nothing whatsoever other than to add another element of unnecessary confusion to a trading decision...ludicrous, and plenty of other methods are like that.

Make it simple is my advice. Example, know whether you're going to be a buyer or a seller on D1 for example, and it is tap in my case that determines that part. When you know that, then forget about opposing signals, and only trade the favoured direction, and using the H4 t/f is fine at that stage to take an entry. Any coupled t/f used in that manner is effective, but of course lower t/fs become less reliable.

A typical chart of mine has very little on it actually, and it is intended that way so that I keep my focus only on aspects I need, and I'm not at all interested in other aspects that I don't need, simply because I will already know my favoured direction, I know my t/f, I know my entry signal. Job done in terms of making a decision to enter a trade. After that, it is just trade management, adding on, taking pp, stop and tp adjustment, close out etc etc.

I use an ma as part of my trigger criteria, and sometimes a t/l to confirm (not always needed in my case) if direction isn't clear to me.

The bottom line is....keeping it simple using only what is needed....everything else is noise...get rid of, including those stupid oscillators and the like.

Don't get trapped listening to bullshit FTs and all their tripe. Work out what I've said and develop something simple instead....and trust yourself...not some other half-baked compulsive serial posting ego-maniac, and you should know who those bods are by now I'd have thought!
  • #138
  • Jan 7, 2018 8:45am Jan 7, 2018 8:45am
Quoting Landline
A weeks gone by and not much appears to have been learnt across the threads. The same stuff, the same bullshitters..... bla bla bla. Why anybody would want to follow so much garbage is beyond me eg shadows etc...why would anyone need a damn shadow...it does absolutely nothing whatsoever other than to add another element of unnecessary confusion to a trading decision...ludicrous, and plenty of other methods are like that. Make it simple is my advice. Example, know whether you're going to be a buyer or a seller on D1 for example, and it is tap in...
Hi Landline,

Happy New Year to you.

I think, eventually most people, who are going to be able to Trade successfully, get to a point where they realise they have to work things out for themselves and stop relying on others to do it for them.

Once they are aware of their Trading Style they can start to pick and choose different elements that they make work for them, as individuals, and eventually stream line their Method of Trading.

People who are new to Trading will follow the more popular threads and try to emulate what they see the thread starter doing even though it might not suit their individual personality.

If they are lucky and absorb enough information they will be able to create their own Method or at least fine tune what they have learnt.

Even you where doing this back in the day TMS (even using Oscillators) Only Gold ect but eventually, with time, you developed your own Method of Trading and over time you have been able to stream line your Method and make it what it is today.
  • #139
  • Jan 7, 2018 12:10pm Jan 7, 2018 12:10pm
Quoting stevepatt
{quote} Hi Landline, Happy New Year to you. I think, eventually most people, who are going to be able to Trade successfully, get to a point where they realise they have to work things out for themselves and stop relying on others to do it for them. Once they are aware of their Trading Style they can start to pick and choose different elements that they make work for them, as individuals, and eventually stream line their Method of Trading. People who are new to Trading will follow the more popular threads and try to emulate what they see the thread...
Yes, you're quite right, back in those days I too fiddled about, and have never hid that fact, before I came to my senses and soon enough realised that TMS (TDI) etc was unnecessary.

I am therefore an advertisement in that sense if you like in that all those oscillator type indicators are rubbish and totally not required, and that alone should act as a deterrent to anyone considering their use, and instead should put the effort into the actual time and price aspects to arrive at direction...not oscillators!

No one has or will pay attention, so it doesn't really make any difference to whatever I say tbh, everyone will find out the hard way, they always do. All I can say is that once I got rid of everything, and kept just the important and relevant parts of my charts, then my trading took off to the point where I can confidently be certain that I will profit in a lot more cases than not, and which I've proved via all the live trades that I've entered here, and I know that the same level of success will be present for me in the future, it's a given.
  • #140
  • Jan 7, 2018 4:14pm Jan 7, 2018 4:14pm
Quoting Landline
{quote} Yes, you're quite right, back in those days I too fiddled about, and have never hid that fact, before I came to my senses and soon enough realised that TMS (TDI) etc was unnecessary. I am therefore an advertisement in that sense if you like in that all those oscillator type indicators are rubbish and totally not required, and that alone should act as a deterrent to anyone considering their use, and instead should put the effort into the actual time and price aspects to arrive at direction...not oscillators! No one has or will pay attention,...

Hi Landline,

At the end of the day everyone has to follow their own path and make their own mistakes on the way.

It's only by making mistakes, on the way, that we discover what works for us.

It's no good being told what to do we have to discover it for ourselves.
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