Lost in translation... a discretionary traders' memoir

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1273
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 302
Location: South Africa
Gender: None specified
Contact:

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 256 times


My thinking is we can breakdown here...

1.png
1.png (119.49 KiB) Viewed 256 times


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

1.png
1.png (135.13 KiB) Viewed 256 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!

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

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2760
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2037
Gender: None specified

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.

User avatar
Jalarupa
rank: 1000+ posts
rank: 1000+ posts
Posts: 1273
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 302
Location: South Africa
Gender: None specified
Contact:

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 212 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 212 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
rank: 1000+ posts
rank: 1000+ posts
Posts: 1273
Joined: Tue Feb 23, 2010 5:50 pm
Reputation: 302
Location: South Africa
Gender: None specified
Contact:

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 184 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!

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


Return to “TheRumpledOne”