Postby Don_xyZ » Thu Oct 06, 2022 2:31 pm
@Alias
It’s good, thank you!
Yes, WIL is a short of What Ifs List. It’s conditions, pre-conditions, behavior, plan A/B/C…, how to solve things, where to start thinking, variations, a whole lot of world about trading.
For everyone else…
Simple example…
Q: what is a fractal?
A: it’s a “^” shape or “v” shape.
Q: what if there is no sharp formation like that?
A: find a cursive one like top half of a circle or bottom half of it.
Q: what if zebra happens?
A: pick the stronger side, a market bias.
Q: how to find fractal?
A: everywhere a price turn happens or after a stall.
Q: how to filter them?
A: fib ratio, s/d, s/r, momentum, candle sizing, technical indicator such as fractal 3 or fractal 5 or 7, pivot point.
Q: how do i know which one have a higher chance to succeed?
A: trade grading.
Q: how?
A: observe the pair’s past behavior. Determine the conditions and pre-condition surrounding the successful ones. Switch tfs to get bird’s eye view of the surrounding. Stats them. Have faith in your numbers and follow them religiously until something better comes along.
Q: how to enter the trade?
A: candle pattern, momentum, close overs, sequence, strength/weakness, ohlc, candle range.
1 keyword can give you 10, 20, 50 or even a hundred questions because each solution/ answer can be questioned even further making your book thicker with new solutions. Read and re-read the WIL every once in a while because brain can be overloaded with incoming info. Repeat to connect the dots in your findings because you might already found diamonds in your WIL but you just don’t realize it. I don’t care if you’re millenials or baby boomers, a WIL is recorded in books, not digitally. A book helps you focus!
I think this post is very important because this is one of the bulding blocks.
