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Gwenn,
You have obviously gone beyond the system/discretionary phase to
becoming one with the market. No doubt this comes from many years of
hard knocks trading and paying your dues.
My neighbor is an old pit trader and often mentions the same ideas about
just feeling market direction and momentum. But he was in the pit and
we are several times removed from the floor and are not as intimate with
that activity.
I am studying the old tape readers such as Richard D. Wyckoff, Kermit C.
Zieg, Humphrey B. Neill and Orline D. Foster to better understand price
action which seems fundamental to developing a gut feel for the market.
Looking back on how you got to where you are now, would you please share
some words of wisdom that might point the way to achieving this
"expression of yourself in the markets"?
I think this is an excellent discussion topic for the list.
Ken
Gwenael Gautier wrote:
>
> Thanks for for posting one of your systems. Thanks also to Mark for posting
> zillions of tools...
>
> If I don't post any more systems it is because I don't use any ela things
> anymore. I don't even even have TS on my hard disk anymore. If I don't use them
> anymore, it is because they never fitted my own needs and requirements. They
> stressed me like I had been rarely stressed before. Essentially my mind is a
> freely roaming horse and hates being tied to anything. Hence I read, study,
> swallow most everything like a sponge,.... and use mostly nothing.
>
> I just look at things and it simply pops in my mind: Buy NOW/ put on Buy list /
> Sell NOW / put on sell watch / Do nothing / No thoughts, move to next. Mostly
> it's Do nothing or No thoughts.
>
> Very often I have a different reason for buying, usually it is a combination of
> many factors, not the result of some indicator doing something. Sometimes I even
> reason it is a sell and still buy, because my voice tells me so. I do this so,
> because when I don't I find myself lost. Anytime I did something because of a
> rational reason, I never knew what to do thereafter, and sometimes it ended in
> disaster. But every time I do it because that was the expression of myself, I
> always know how to manage the position, and never lose control of things, be
> they good or bad.
>
> In a word, trading is not result of ela files, it is the expression of yourself
> in the markets. The ela file is just the car, but it is you driving it.
>
> Gwenn
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