Thread: Red Lions Trading Journal

trade succesfully rescued

purchased 3 lots at 1.42250 to bring my average near market, got out with -.50cts


sold 1 lot scout

You knowthe more I think about it, the more I realize that going with or against the tendency is of little importance if you know how to save safely. That is the key... to be able to safely and successfully save.

The market is so arbitrary, that any place you place, even if you believed you were going with the tendency, can turn against you at any time. How many times have we believed we analyzed correctly the entrance of our initial place (Scout) only to have the PA turn the other way?

So, to me, the only thing that matters is how you manage it when you are mistaken. It is not the design e (the Waltz or Tango) that matters, it's your ability to save your position that's crucial.

If you are taking reductions, then you are either:

1) not running rescues correctly
2) overexposed, cuz if you have anxiety or anxiety when the PA goes against you and you instead take the loss instead of rescue it, then it means you have too much troops/lots vulnerable you don't feel confident with sticking out the rescue.

What type of General are you if you continue to forfeit your guys that manner?

Can you easily leave a guy who's injured if you were in a real battle/war? No, you would try to help him to safety, right?

Well, think of your troops/lots the exact same manner. And if you are too full of dread to save them you have to depart the rescue, then it means you are overexposed, and don't have secure MM implemented.

Whatever fashion ing you do, please adhere to the proper MM along with your troop/lots sizes small enough to have the ability to rescue each and every man always!

There is no excuse not to. Your kingdom (book/account) will never be in danger/compromised/at risk, if you have proper and secure MM set up. -----leighsww

she considers in Addition to in a no loss book

significance NO TRADE MUST EVER END IN RED.

It is possible, and I have to strive for that

I have seen many people do this

I will too

Leighsww

has an intriguing notion still derived from the art of warfare as well as our amazing mentor FTI

she believes in breaking up the military

she trades 1 lot into 6 different currencies and can rescue without risk vulnerability, doesn't actively manage risk but lets the market be and takes her profits or rescues poor trades.

Interesting philosophy, I am as I said a novice egist, my general still youthful and inexperienced and the commander nevertheless lacks vision,

but I know I could succeed in this. I will suceed, the crucial thing is to accommodate what I make and learn my own style.

So far my overall, wants to exchange the daily by actively managing risks utilizing 1,5 moment charts and one hr charts for market type.

Still working on protected parameters for risk vulnerability, but I know that 20 troops already feel more vulnerable, so this leads me to feel that perhaps I can divide my military like leighsww whilst actively manage my positions to be based on risk parameters.
5 troops in = 100 pips against me is -50.00 USD that this doesnt hurt me that could be a foundation for risk tolerance

recall within this diary I will be applying trading, by the teachings of FTI but sticking to the art of warfare.
And all my lots would be troops, and as leighsww said, to leave a soldier to die is not really good. Occasionally soldiers MUST expire to protect the division.

A lot of suicide misssions along with the military suffers slow painful death.

So as the art of warfare states, first you must protect our position and use enemy weakness against him.
Triumph when the enemy is already been defeated.

So for this I must train and train.

5/18/11 havent been focusing much the last 3 days and now I've missed out on 238 pips since the market found support at 1.4120
I visit an area of resistance at 1.4250

nevertheless I will have bullish biased for todays trade.
Here is why

1 that the trend hasnt confirmed that it has shifted, so far the las big drop had much certainty but is currently gearing up. We can say that price is coming to the mean so far our daily average is 1.4499. Therefore I can expect price to move there (no rigidity, only handle risk but I should sense direction )

upward rate seems to be picking up on the upside down, yesterday price traveled 145 pips total to the upside that is about 6 pips per hour
the day before yesterday has been a mean of 4 pips per hour, thus acceleration is rising.

Now lets look at other features of the.
That the USDX reaches resistance






my directional biased is bullish and now will search for price weakness to climb in my attack, while actively managing risk exposure
utilizing 5 minutes/1 minute TF

and measuring momentum, rate, and acceleration through 1 hr chart while keeping my eye on crucial resistance and support levels.

Im dividing my army in 3 1 lot scout about the usd/CAD it seems good to get a swing brief.

And the USD/JPY is looking good for bullish swing,
these Will be two minor unwanted attacks but the main attack comes in the eur/usd

these I will actively manage risk, another two positions, I will keep my eye on, and may devote more troops into it but will probably be kept minimal

here is a trade against daily biased
I managed to save

using 1.00 usd profit, better than -10 cts

The issue with my trading is that my General is inexperienced. He fails to give commands distinct and clear, he has lots of ideas, quite clever general but is quite uncertain of what to follow.

That he can recognize price as a linear phenomena, what folks call Time Frames in reality does not exist, price moves down and up,

time frames are designed to provide the mind order, the hourly rate TF is nothing else but the open high low close of an interval of 60 minutes
my head like taking a look at the hour to see shape in the market, measure volatility, management, speed, push acceleration.

I've read from leighsww as well as himself that price returns to the mean and the mean is the 48 sma at a 15 minute time frame. Upon further study this idea might have hold ground. If nothing else but to give me a fantastic read of tearing and strong certainty as well as when waves possess diviated in the starting point

the 48 sma at a 15 = 12 hrs that's half of the market session, possibly that's why is a fantastic mean 24/2 = 12 hrs

so that at a 1 hr chart its a 12 sma and onto a 5 minute chart is 144 sma
I will use this but maybe not for prejudice, I'll use it as measuring

I want to keep in accore to this daily motions, and directin as well as understand the ATR of this day,

another instrument I can use can also be the open, high and low
regions of support and resistance are critical as well as it may be harmful terrain

my trading will go back to demo
as I dont know if I need quick and accurate or slow place to build a snow ball

or some convination of both

I will share my knowledge and my trading style here: this is the fundamentals of what I understand and the style I will execute.

I don't have a egy, and I don't want to develop one to be truthful

I want to develop a profitable style, I am a health care professional and I enjoy the diagnosis/prognosis/intervention/justifiion type of thinking (and CYA= Cover Your A**) which I will use in Foreign Exchange. I would like TO USE MY BRAIN TO TRADE, NOT TRIGGERS

I enjoy Candle sticks to look at price action, in my experience however they work much better in more phrases. The absolute most accurate overall picture of the market day chart is that the 4hr, every time I trade it, I make good trades. HOWEVER I despise it!!!
Too slow to me. I enjoy the 1 second chart but too much volatility, so I wind up doing a lot of guesstimates and do better with naked price action chart pattern.
In other words I dont look at the candles I zoom out and look at the pattern.

Thats the beauty of having a trading style and not a system
it'll function in ANY time frame because it will function as BRAIN POWER trading that the supply and demand aspect of it, not a trigger, they all break down and have loopholes in my personal expertise and at the tick or even the moment its overly confusing, indiors move in each manner dont signify the image and provide off to many signals.

Maybe ill try the 15 moment with all the 4 hr chart for overall image, and the moment for whats on the other side of the courtain. (in case it gets too confusing for me, ill just do the 1hr to see that the entire picture and also the 15 moment to base my trades)