jcpfx wrote:first off I would like to thank you all for the patience and tolerance demonstrated towards me and my continuous errors.
You'll never encounter a problem on here with others showing you or anyone else the courtesy of patience & respect.
Everybody posting on this thread had to start somewhere, be it via the professional banking/institutional route or the exposure to retail forums route.
There are no experts or prima donna's on this thread which is both refreshing & welcoming, & what's more neither I or the other experienced guys here would stand for that kind of behavior & attitude.
Which translates to you asking & posting as many questions & repeat requests for clarification as you like & for as long as it takes for you begin putting together an approach (from the available information) that suits your intended strategy style & risk appetite.
You're not making continuous errors or misreading the content.
What you're doing is absorbing & filtering information.
Constructing a strategy to ensure it fits comfortably with your risk appetite, financial parameters & long term objectives takes time, effort & perseverance. It's a marathon, not a sprint & you're going to slip up along the way.....more than a few times.
As long as what you're studying & practicing makes sense to you, is logical in its application & sits comfortably with your style of preparation & execution then all well & good.
Unfortunately, the speed of progress (if at all) will be very much dependent upon the individual's internal hard drive & no-one but that individual can determine whether they'll succeed long term or not.
jcpfx wrote:So boiling everything down to a minimum, is the name of the game to identify these likely inflection points, wait for price to show signs of stalling or signs of pushing through them, and once we have signs flip onto a shorter tf and pull the trigger with a hook or 1-2-3?
Reason being, I like the feeling of playing the levels, it feels right to focus on the market structure.
But in my trading I have failed to tie this in with the trend and/or understand the right moment to step in.
The framework & structure presented here (& by Tess, Andre & their colleagues) is just that jcp, a foundational base.
It can be utilized, tweaked & molded to suit the individuals personal objectives & risk appetite.
For beginners or those less experienced in trading financial markets, the recommendation is to familiarize oneself with the slower, less stressful method of trend following, & that is presented & demonstrated primarily for the benefit of that sector of the thread participant.
However, not everyone wants to major on that type of preparation or execution style, therefore they can adopt other more aggressive styles & use the core elements of the structure to operate via a slightly different style.
It's the individual's choice.
But in our experience we've found the vast majority of new participants fail dismally when attempting to execute that aggressive style consistently via an intraday approach. The main resons being a lack of experience, undercapitalized accounts & poor instrument selection & decision making.
That's the main reason we try to encourage folks to take their time, become familiar with the straightforward template first & begin to strengthen their patience & discipline skills.
Once they've become comfortable with the generic workings of the structure & developed their discipline, patience & market awreness skills, they're usually better prepared to introduce other styles or areas of preference.
