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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

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  #1541 (permalink)
 Deucalion 
Calgary, Canada
 
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I'd love to be able to say that since my framing was absolutely correct, and that I made a killing today - instead all I got for my efforts was a -41ticks. The signals were there, the structure was just about perfect, and the analysis was complete. And the result was not. Over analysing does that, I guess.....

Like we talked yesterday, that pin bar was prophetic, and a runaway day today, 400ticks up!



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  #1542 (permalink)
 zt379 
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GaryD View Post
Very helpful in giving me a different perspective. That post has been going through my head since I saw it last night, and has caused me to see some things.

I came to trading with no experience, and as I gained experience, that shaped my view. Now I am constrained by my own view. The first thing I learned to do was to scalp, and that lead to an intense focus on being quick to react and reading volume at a minute level. I then added the lessons in chart analysis to keep me on the right side and to go for larger moves, but really what I do today is, in my mind, still scalping, just larger scalps. I decided to keep it small, 30-50 ticks, go for the averages. It made me feel more likely to succeed, and that I felt was a large part of being able to actually pull it off.

Because the style I shaped became profitable, I am being rewarded for that type of trading, and so it has me pinned in. Meanwhile, as my knowledge and experience continues to increase, I see another trader that I would prefer to be, but now have a habit that has taken hold. And when my mind competes between the known profitablilty of a way I want to change versus the perceived profitability of a different style, what I think I want has a hard time winning.

If I had to start over in trading, I would learn chart analysis first and scalping techniques second. That way the knowledge would build upon itself in what I now believe to be the correct order.

I considered separating my charts into two sides and allowing the "two traders" to compete. But really what I want is for them to trade as one, each bringing their individual strengths to the table.

Thanks for a great post zt. Glad you are still watching.

@GaryD.

I'll premiss this post by saying that I don't think I know better or anything.
This is your thread and you have been gracious enough to permit my ramblings
and I'm pleased that they may be of some help. That's the only reason I have posted and I don't do it casually, but out of respect.

So many thanks...

I wouldn't normally post a reply so quickly or if at all, to what are very complicated, delicate and indeed serious matters, but
the thoughts are there and I'm confident you understand when I say that sometimes we just need to write them down..

I had a very initial thought or image when I read your post above, being,

There are 3 men standing looking at Ferrari's (or something we may perceive being of value).
The 1st man says (and for what ever reason) "I wish I had one of those".
The 2ndman says "I have a Ferrari, but of the 7 colours they come in I don't know which one to pick".
The 3rd man says, "I have seven Ferrari's, one in each of the colours they come in and I don't like any of the them".

Please understand this is an initial thought and I don't know why I thought it, so please bare with me...

For sure we are the accumulation of our experiences.
They were, if you will, the choices we made at the time.
What we are now, is what we have become as a result of those choices.

We made a choice.
We chose.
We became.

My understanding, from what you said, is that you either became what you wanted to be, via your choices,
or something better, via the experience from your choices.

But of importance, imo, is that you started from nothing, from the unknown, yet became what you wanted to be.
You had no prior view or belief of a particular I that met those moments.

Also of note, you said:
"Now I am constrained by my own view" and:
"I am being rewarded for that type of trading and so it has me pinned in".

I'm replying to these two things in respect of my last post.
The letting go I wrote about was about letting go of who we think we are.
The view you have of yourself, imo, is not you, but one that you have chosen to have, and for obvious valid reasons.
But it is not the you you want to be now.

You obtained that view originally from nothing (no experience, no view of yourself).
I wonder what would happen if you just chose to let go of the view you now have of yourself,
of that you that you no longer wish to choose to be.

Secondly, you feel/think you are "pinned" in by the reward that you originally sort to achieve.

The contradictions are obvious, which is just what I see (there is never any judgement from my point of view).

In my last post I wrote
"And around we go until we realize that in this moment, in any given moment, we have a choice as to who meets this moment",
and that "we are not who we think we are".

Perhaps you are neither a scalper or a swing trader.
Or rather, what would be the result, the new I that you will have become, if you were to view or believe yourself as neither ?

If you just let go of who you think/believe yourself to be,
what would you become, who would be the new I..

We made a choice
We chose.
We became.

You became who you presently choose to believe you are via that very same act of choosing in the past and all the past events and moments

What may get overlooked in what I posted, is the importance of this present moment.
To explain better...
What if we achieved our every aim and desire ?
Is that it ?
Some may say, well then I'd live the rest of my life enjoying them.
But I don't think we would.

In other words we are always doing and becoming.
Even if that is doing nothing to become nothing or stay in nothingness.

Everything happens now,
in THIS present moment.
It cannot happen yesterday, and it has not yet happened tomorrow.

What I am saying here is that if we let go of who we believe we are, that does not mean that we are not those things we were,
but rather we are now free to become the I that we have now chosen to be, irrespective of anything before
and that may very well not include the I or aspects of the I that we were.
It depends on what we have chosen to be, now.

We can never lose what is good, in other words.

But...it can only happen NOW.
This moment is the only place/space in which both the awareness to know we have a choice and the ability to make that choice can occur.

Now why is this important or relevant to what is being discussed ?

You are a proficient scalper if and when you choose to be.
You are a proficient swing trader if and when you choose to be.
Your view being a swing trader as a scalper,
which makes you view neither on their own as what you want to be now.
There is resistance, which as I mentioned, is perhaps because we are not what we believe ourselves to be.

But I suggest, if you will, again, let go of who you think/believe you are.
In doing so you will be free of that resistance.
At the moment of change (which is the moment the freedom from resistance takes place)
you will become something new, a new I to meet this next moment.

That new I will be neither a scalper nor a swing trader, but something greater than the sum of the two parts, because you
are no longer "pinned" by the resistance created by being either,
nor will you be "constrained" by the view you have of yourself as either a scalper or swing trader, because you have let go of the view/belief you are either.

Again, why the relevance to the present moment ?
Courage.
(Which you have. You have already the proof of it by your ability to choose another I that meets this moment).
Courage is what we require to take action but that action is only relevant NOW.,
Courage only has meaning NOW.

And the courage to do what ?
To not define yourself as being anything.
We are not, after all the things we believed we were anyway.

We cannot have courage to do something that has been done.(past)
We cannot have courage to do something that has yet to occur.(future)
Courage is an action of the now moment.
The present moment is where courage exists.

So it will take courage, as I sense you already know, to let go of what you think of as that which bought you to what you now are, know and value, and what you believe you are..

But again:
"and around we go until we realize that in this moment, in any given moment, we have a choice as to
who meets this moment".

I believe that when we come from a place of truth, when our truest instinct is at work, we will
only ever do that which serves our best interest.
In other words, we will never instinctively do anything that harms us.

I believe:
Only, that our truest instinct will know what is right for us to do.
Only courage will allow us to do it, to let go.
Only our awareness will enable us to not fall.
Only a new I can fly because only it is free.
Only everything happens in the present moment.

By believing you are neither, you will better than the two combined.
You will call upon what is required at any given moment, in the moment, because you will be free from
the resistance of believing you are either.

Best regards...

"Every moment I wake up I realize I know nothing, and then I smile..." zt379
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  #1543 (permalink)
 GaryD 
Orlando, Florida
 
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 GaryD 
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maybe as high as 107.60. I was guessing a bit lower, but some buyers seem to like this area

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  #1545 (permalink)
 GaryD 
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I guess they did not like it enough. lol

NOW we are in buy territory

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 GaryD 
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 GaryD 
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volume volume volume

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  #1548 (permalink)
 GaryD 
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already closed

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 GaryD 
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 GaryD 
Orlando, Florida
 
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