Today my friends may be the first time you traded the notion of the shape directly. The context of course was in an in-phase pullback given CMD 1 = Red. I do not know if everyone found success or understood the concept of the shape enough to have been comfortable (and please note it is a concept NOT a signal when you think about it because a) it solves the begin and end of the attractor and b) it solves the exit direction or swing out from any folding space or FLE), but beyond everything it tells you how deceptive chaotic systems are and how inadequate we are as traders trying to trade our minds (analysis), ahead of the market because we are invariably wrong either with direction or timing or both. But the shape is always right and hence its importance and utility to the discerning trader. Again it is not a signal and we should in fact by now see how dangerous trading signals can be. When you focus on just signals you win sometimes but many times you simply trade yourself into trouble and frustration with the market. You need something that defines what the context of the market is that you are trading.
Highlights of the Day in Gold
The shape came on at or around the H4 Semaphore of the day a W (1) and see how price has morphed since. While in seeming range it remained high and if we do a W (1) low with the shape still pointing up no one need tell you what will follow. Of course a change down points you clearly to the exit of the current Loop EQ.
Observe that within the envelope traded two things supported the Shape a) nSign On upside and Command 0 On upside both gave a clear context of price action with those two keeping you informed in a sense that signals cannot.
Observe also that Price Dynamics consistently defined the fractal behaviour as anti-persistent. But the M Ordinal insists that in spite of all we see it is an up/down corrective move.
So it is a learning curve sure and the goal is learning to pace the shape. Two things obstruct quickly gaining from this concept i) Using either opinions based on “technical” analysis or “fundamental” analysis to trade ahead of the market as you will always get it wrong ii) Trading “your strategy” which is invariably based on i).
To overcome those understand you a) follow behind the shape and read the context of the trade on Screenface --------> that is the only viable strategy for consistency really ----------> FOLLOW THE SHAPE. b) Keep an open mind to do so correctly (do not clog it up with opinion).
(-_-)
Did not trade today what you see below is just a Scalp not to get rusty as I have not traded now almost 3 days or more. Still a bit touched by the moves in Gold up and down --------> I mean leaves me distrustful of what is going on because we are like in no man’s land with Gold down circa 12K Points not sure of the downside and not sure of the upside but of course if the Shape points down before the morning will trade down because took this trade just for the heck of it, since nSigh is not on and CMD 0 is counter trend with the shape still Up (though the colour means range play so one can assume some downside given the W 1 pivot. But not the best thing to trade on so a bit risky as I pointed out above we follow NOT TRADE OUR MINDS AS THINGS GO WRONG WHEN WE DO. Best wishes.
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Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space
Darkdoji, Thu Dec 07, 2023 8:05 am