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Pdub - you should check out "zen and the art of poker" - you will laugh out loud at the first several vignettes in that book. Literally the first 17 or so sections are about folding, folding some more, then folding, and starting to really focus on folding, then just straight up folding... then not getting upset about folding, etc, etc.
awesome
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
I heard an interview somewhere and the guy was talking about the art of folding. He thought it was the key to winning. Fold and then fold some more....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
I do this but i got no signals yesterday on this type of action. Price just ran away from my trading method in the morning. To be fair, i use slightly longer periods but still, on a normal run, I'll get two or three entries. Not yesterday.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Couldn't get in focus today. First two trades were full losers, which put me real close to my daily stop, so I did my best to just wait. I got set ups that were to rich for me, so I passed. Then had a decent winner, followed by another full stop out.
Looking back at the chart, I think I would have done the same thing again except for the first two. They were clear violations of my rules. Trouble was, I didn't recognize it at the time. I had a full on short bias and even though my one minute chart was in consolidation, I saw a trend and I was determined to get on board faster than my chart would allow me.
An excellent example of impatience and being blinded by what I thought I saw vs what I was actually seeing.
No excuses today. Just poor execution all around.
-30 ticks net
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
How do you tell the difference between simple bounce and double bounce retraces? (i.e., a single retrace and continuation vs an ABCD (or consolidation period) that takes out the stops of those who assumed it would be a simple retrace)