Lost in translation... a discretionary traders' memoir

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Jalarupa
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Lost in translation... a discretionary traders' memoir

Postby Jalarupa » Thu Sep 03, 2020 5:57 pm

I have been around for what seems like a long time... I have taken lessons from the greats on this forum, tasted success and failure...

Now it seems its my time to be baptized in this fire of accountability to my actions, profitable or not.

So I'm going to try and discuss some form of process driven approach that allows me to skew odds of success in my favor of a positive outcome... In other words, trying to trade when conditions are most conducive to a successful outcome...

1.png
1.png (116.15 KiB) Viewed 409 times


My thinking is we can breakdown here...

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1.png (119.49 KiB) Viewed 409 times


If we can end up in and stay in the green area then I feel like we going lower... Big time...

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1.png (135.13 KiB) Viewed 409 times


I can imagine that the best place to be long is here... I'll be looking for That position but on the downside... This constraint will keep me out of the trade until such a time as that criteria is met...

Let's see what happens...?
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

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LeMercenaire
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Re: Lost in translation... a discretionary traders' memoir

Postby LeMercenaire » Thu Sep 03, 2020 7:07 pm

Jalarupa wrote:I have been around for what seems like a long time... I have taken lessons from the greats on this forum, tasted success and failure...

Now it seems its my time to be baptized in this fire of accountability to my actions, profitable or not.

So I'm going to try and discuss some form of process driven approach that allows me to skew odds of success in my favor of a positive outcome... In other words, trying to trade when conditions are most conducive to a successful outcome...

1.png

My thinking is we can breakdown here...

1.png

If we can end up in and stay in the green area then I feel like we going lower... Big time...

1.png

I can imagine that the best place to be long is here... I'll be looking for That position but on the downside... This constraint will keep me out of the trade until such a time as that criteria is met...

Let's see what happens...?


Good stuff! I look forward to following along.

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Jalarupa
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Re: Lost in translation... a discretionary traders' memoir

Postby Jalarupa » Fri Sep 04, 2020 4:11 am

Longer time frame price / trend dynamics...

2.png
2.png (114.57 KiB) Viewed 365 times


IF we breach bottom trendline in upward channel we need to see a pullback to trend; touch and release...

Here is another way of looking at it...

2.png
2.png (142.97 KiB) Viewed 365 times
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

User avatar
Jalarupa
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Re: Lost in translation... a discretionary traders' memoir

Postby Jalarupa » Fri Sep 04, 2020 6:49 am

Traded Short off an area which I feel 'works' targeting the Long Fat cat's and their stops...

3.png
3.png (114.81 KiB) Viewed 337 times


I'll look to add IF/WHEN we end up reaching my targets
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

User avatar
Jalarupa
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Re: Lost in translation... a discretionary traders' memoir

Postby Jalarupa » Mon Sep 28, 2020 1:37 pm

Jalarupa wrote:Longer time frame price / trend dynamics...

2.png

IF we breach bottom trendline in upward channel we need to see a pullback to trend; touch and release...

Here is another way of looking at it...

2.png


5.png
5.png (87.94 KiB) Viewed 149 times
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

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Jalarupa
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Re: Lost in translation... a discretionary traders' memoir

Postby Jalarupa » Mon Sep 28, 2020 1:39 pm

Jalarupa wrote:I have been around for what seems like a long time... I have taken lessons from the greats on this forum, tasted success and failure...

Now it seems its my time to be baptized in this fire of accountability to my actions, profitable or not.

So I'm going to try and discuss some form of process driven approach that allows me to skew odds of success in my favor of a positive outcome... In other words, trying to trade when conditions are most conducive to a successful outcome...

1.png

My thinking is we can breakdown here...

1.png

If we can end up in and stay in the green area then I feel like we going lower... Big time...

1.png

I can imagine that the best place to be long is here... I'll be looking for That position but on the downside... This constraint will keep me out of the trade until such a time as that criteria is met...

Let's see what happens...?


5.png
5.png (149.07 KiB) Viewed 146 times


Yellow horizontal lines were my initial targets for longs off cone lows (lower part of the range) - These subsequently became breakouts that failed their retest (zlines)

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None of the trend lines were changed (angle or otherwise from the initial post) - This goes to show that the bias was correct and this in all honesty was based off of the previous post's ascending wedge formation which is inherently bearish if the bottom trend is not respected or the top trend is not broken out of)
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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