What Separates Masters From Others

“What separates masters from others is often something surprisingly simple. Whenever we learn a skill, we frequently reach a point of frustration — what we are learning seems beyond our capabilities. Giving in to these feelings, we unconsciously quit on ourselves before we actually give up…
“The difference is not simply a matter of determination, but more of trust and faith. Many of those who succeed in life have had the experience in their youth of having mastered some skill — a sport or game, a musical instrument, a foreign language, and so on. Buried in their minds is the sensation of overcoming their frustrations and entering a cycle of accelerated returns. In moments of doubt in the present, the memory of the past experience rises to the surface. Filled with trust in the process, they trudge on well past the point at which others slow down or mentally quit.
“When it comes to mastering a skill, time is the magic ingredient. Assuming your practice proceeds at a steady level, over days and weeks certain elements of the skill become hardwired. Slowly, the entire skill becomes internalized, part of your nervous system. The mind is no longer mired in the details, but can see the larger picture. It is a miraculous sensation and practice will lead you to that point, no matter the talent level you are born with.
“The only real impediment to this is yourself and your emotions — boredom, panic, frustration, insecurity. You cannot suppress such emotions — they are normal to the process and are experienced by everyone, including Masters. What you can do is have faith in the process. The boredom will go away once you enter the cycle. The panic disappears after repeated exposure. The frustration is a sign of progress — a signal that your mind is processing complexity and requires more practice. The insecurities will transform into their opposites when you gain mastery. Trusting this will all happen, you will allow the natural learning process to move forward, and everything else will fall into place.”
- Robert Greene, Mastery


JS Comment: 
I have a small framed version of this despair.com poster near my desk:

It’s a sarcastic play on a famous quote from Andre Gide: “To discover new lands, one must be willing to lose sight of the shore for a very long time.”

So true… and challenging. Uncertainty, plus fear, plus a sense of endless grind in the hard stretches, makes for a seriously daunting combo.

But that is precisely what the path to mastery offers up: A chance to throw in the towel at mile 18 of the marathon… or give up in despair at yet another roadblock… or otherwise tap out before the finish line.

 The Chinese saying: “The temptation to quit will be greatest just before you are about to succeed.”

How many would-be traders (or poker players) give up too early in the mastery process — or just as bad, plateau prematurely for lack of effort — and in so doing, lose hope of real success?

XAUUSD Daily NEo Wave Plot (30/01/2015)

In last session we witness the fall in gold prices,It may be Wave-G of an Bow-Tie Diametric.
It broken all weekly supporting levels,But it shows the respect to one supply zone on daily chart we can see in forth chart exact reversal from supply level,this chart is given in my weekly neo wave report.

For today NEo logic is either we will get the post pattern implication of zigzag or we will get an another zigzag as complex correction.(Check First Chart)

For today 1268.92/1280.32 are two important resistance levels,i will suggest to intiate the buy position only above this two levels.(Preferred scenario)
If price broken 1250.22 then one can intiate the sell position for targets like 1234.69/1223.29 and more.(Alternative Scenario)

Demand-Supply Levels::
Demand::1244.26-1224.92(Its daily Strong Demand zone)
Supply::1319.25-1308.64 (Price respect this supply zone)

Gold price is below two impotant moving averages and pivot levels so minor weakness is there.
Gold price is below Daily and 4hourly SAR level so short term weakness is there,above Daily SAR level strength will come.
(For SAR Level Check last image)
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XAUUSD Intraday Update-I

Looks like support taken from demand zone,and Bow tia diametric labeled as g? For confirmation need faster retracement of G-Wave

 If 1271.17 broken then we have think about alternative.

 

 

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XAUUSD Daily NEo Wave Plot(29/01/2015)

In last session we witness some sideways moves.Something Diamond shaped diametric is forming on daily chart and Bow tia diametric is on lower time frame.
Weekly Trend is up.(Check Weekly NEo Wave Plot)
Diametric is the most difficult pattern to trade.But with the help of tech table and demand supply we can intiate the position.

From today i will post the three report in day,one is daily report and  more two of chart and tech table update.

For today 1276.20/1271.17 are two imporant supporting levels and i am expecitng targets like 1307.24/1313.53 and more.
Below 1264.11 weakness will come.

Supply-Demand Levels:
Supply::1298.99-1295.11
Demand:: 1278.13-1274.74 (Supply-Demand also suggesting buy near support zone)

Gold is above all key moving averages as well as pivot levels so minor strength is there.
Gold is above Daily and Weekly SAR level so minor strength is there,above 4Hourly and Monthly SAR level more strength will come.
(For SAR level check last image)
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XAUUSD Daily NEo Wave Plot (28/01/2015)

We witness the sideways and upside move in last session,I have given exact entry point for buying on my facebook page i hope everyone makes money.
As i have said weekly trend is sideways up,We have to find the opportunity to buying in lower time frame like daily of 4hourly chart.
Check  Weekly NEo Wave Plot

For today 1287.94/1281.65 are two important supporting levels,And i am expecting intraday targets like 1307.24/1313.53 and more.(Check first chart)
Below 1271.22 weakness will come.
We can see the trendline support on 4hourly chart,and resistance on daily chart.(Check second and third chart)

Demand-Supply Zone:-
Supply Level::1305.95-1302.98
Demand Level::1281.76-1280.27

Gold is above all key moving averages as well as pivot levels so minor strength is there.
Gold is above 4hourly,Daily and Weekly SAR level so major strenth is there.Above monthly SAR level more strength will come.
(For SAR level check last image)
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XAUUSD Weekly NEo Wave Plot (27/01/2015)

In last week we witness some sideways with upside bias moves, As i have project in my last weekly report we witness the moves.(Check Last Image or Last Weekly Plot)

NEo Logic For Week:-

• We witness the expanding traingle in gold price.Last leg of triangle we witness till last week.
• Last leg of Expanding traingle come as impulse.
•  As per post pattern implication of expanding triangle,Its very difficult to retace last leg of traingle.
• From 1167.97 to 1307.67 is the last leg of expanding triangle,Means if my count is correct then we will never see 1167.97 for long time.
• We witness last leg as a impulse means its second logic,its very difficult to retrace entire impulse.
• But 4th wave of impulse it must be retrace for the confirmation of pattern end,Means we can see the low 1272.06 for completing pattern.

In this week i will post all details about impulse patten in my google group,to join group place the mail.

For this week 1254.28/1221.32 are two important supporting levels one can use this level to initiate the buy position for targets like 1360.99/1393.95,time frame for target is 3-4 weeks.
We can see the resistance on daily chart,but i think it will break.(Check Third image)
We can also see the support on 4hourly chart trendline.One can initiate the long for short term.(Check forth image)
So Buy on every dips should be respected.

Demand-Supply Levels For Week::
From last 2 weeks we can see price is not respecting supply zone,But in last week we can see there is fall from one supply zone,its first sign of weakness,Check 5th chart,But as per Neo logic buy on dips is recommanded.
Supply Level::1319.25-1308.64
Demand Level::1244.26-1224.92

Gold price is above all key moving averages as well as pivot levels,so short term strength is there.
Gold price first time after 4-5 months broken Monthly SAR level and come down to cool down hourly indicator.Gold is till above daily and weekly SAR levels so major strength is there,Above 4hourly SAR level more stregth will come.
(For SAR level chack second last image)
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Last Weekly Report

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Granny’s Rule (Eat That Frog)

“Although money is the main driver among rewards, it is not the only reward that works. People also change their behavior and cognition for sex, friendship, companionship, advancement in status, and other nonmonetary items.
“‘Granny’s Rule’ provides another example of reward superpower, so extreme in its effects that it must be mentioned here. You can successfully manipulate your own behavior with this rule, even if you are using as rewards items that you already possess! Indeed, consultant Ph.D. psychologists often urge business organizations to improve their reward systems by teaching executives to use “Granny’s rule” to govern their own daily behavior.
“Granny’s rule, to be specific, is the requirement that children eat their carrots before they get dessert. And the business version requires that executives force themselves daily to first do their unpleasant and unnecessary tasks before rewarding themselves by proceeding to their pleasant tasks. Given reward superpower, this practice is nice and sound. Moreover, the rule can also be used in the nonbusiness part of life. The emphasis on daily use of this practice is not accidental. The consultants well know, after the teaching of Skinner, that prompt rewards work best.”
- Charlie Munger, The Psychology of Human Misjudgment


JS Comment: 
“Granny’s Rule” was further articulated in a popular corporate self-help book, “Eat that Frog” by Brian Tracy.
If you do the hardest thing first — or grossest thing, e.g. chomping down on a live amphibian — everything that follows feels easier, and the reward function of “fun” or “easy” tasks is enhanced. “I kicked ass all morning on something tough — now I can chill out a little with this cakewalk.”
This also makes sense from an energy level and time management perspective. The biggest runways and deepest energy stores should be devoted to the highest priority stuff.
There are hidden lessons of personal evolution here. Why do so many traders fail to evolve, never advancing beyond basic competence?
Perhaps it’s related to the reason your cousin, uncle, old college roommate etcetera is always going from one hot new business idea to another. (You know the type — they always have some new way to get rich, and never, ever follow through on anything.)
It’s fun to think about a new business idea or trading concept or personal life goal — the visualization phase is the exciting part — but as soon as the hard, gritty work of getting traction comes into play, a lack of self discipline means sudden lost interest. Many people live their entire lives this way, pepping themselves up with routine daydreams but never accomplishing anything. It’s really terrible!
On a meta level, the perspective of “Granny’s rule” means understanding, on a deep intuitive level, that all worthwhile successes require “eating the carrots before you get desert”… putting in the sweat equity and the diligence as a matter of first-priority habit, with a stone-cold focus on earning the rewards, not collecting passively via hope or dumb luck. “As ye sow, so shall ye reap.”
As a bonus, here are the summarized 21 “Eat that Frog” principles. Can you use any of these to step up your game?

1) Set the table. Decide exactly what you want. Clarity is essential. Write out your goals and objectives before you begin.

2) Plan every day in advance. Think on paper. Every minute you spend in planning can save you five or ten minutes in execution.

3) Apply the 80/20 Rule to everything. Twenty percent of your activities will account for eighty percent of your results. Always concentrate your efforts on that top twenty percent.

4) Consider the consequences. Your most important tasks and priorities are those that can have the most serious consequences, positive or negative, on your life or work. Focus on these above all else.

5) Practice the ABCDE Method continually. Before you begin work on a list of tasks, take a few moments to organize them by value and priority so you can be sure of working on your most important activities.

6) Focus on key result areas. Identify and determine those results that you absolutely, positively have to get to do your job well, and work on them all day long.

7) The Law of Forced Efficiency. There is never enough time to do everything but there is always enough time to do the most important things. What are they?

8) Prepare thoroughly before you begin. Proper prior preparation prevents [piss] poor performance.

9) Do your homework. The more knowledgeable and skilled you become at your key tasks, the faster you start them and the sooner you get them done.

10) Leverage your special talents. Determine exactly what it is that you are very good at doing, or could be very good at, and throw your whole heart into doing those specific things very, very well.

11) Identify your key constraints. Determine the bottlenecks or chokepoints, internally or externally, that set the speed at which you achieve your most important goals and focus on alleviating them.

12) Take it one oil barrel at a time. You can accomplish the biggest and most complicated job if you just complete it one step at a time.

13) Put the pressure on yourself. Imagine that you have to leave town for a month and work as if you had to get all your major tasks completed before you left.

14) Maximize your personal powers. Identify your periods of highest mental and physical energy each day and structure your most important and demanding tasks around these times. Get lots of rest so you can perform at your best.

15) Motivate yourself into action. Be your own cheerleader. Look for the good in every situation. Focus on the solution rather than the problem. Always be optimistic and constructive.

16) Practice creative procrastination. Since you can’t do everything, you must learn to deliberately put off those tasks that are of low value so that you have enough time to do the few things that really count.

17) Do the most difficult task first. Begin each day with your most difficult task, the one task that can make the greatest contribution to yourself and your work, and resolve to stay at it until it is complete.

18) Slice and dice the task. Break large, complex tasks down into bite sized pieces and then just do one small part of the task to get started.

19) Create large chunks of time. Organize your days around large blocks of time where you can concentrate for extended periods on your most important tasks.

20) Develop a sense of urgency. Make a habit of moving fast on your key tasks. Become known as a person who does things quickly and well.

21) Single-handle every task. Set clear priorities, start immediately on your most important task, and then work without stopping until the job is 100% complete. This is the real key to high performance and maximum personal productivity. 

XAUUSD Daily NEo Wave Plot(23/01/2015)

In last session we witness some sideways move with upside bias,Its all about cool down hourly indicators which was highly overbought.
I was given the stratergy to trade this situation on my facebook page.And after i am posting we sow the fall in gold price.
As weekly trend is up,We must have to find the buying opportunity in lower time frame as per our money managment system. (Check Weekly NEo Wave Plot)

In last week we witness the last leg of expanding trianlge and its very difficult to retace the entire last leg.
So For today 1290.53/1279.45 are two important supporting levels and i am expecting some sideways move and after that upside move.Which may leads targets like 1307.47/1318.55 and more.

Supply-Demand Levels::
We are very near to one supply zone,we need to see is market respect this supply zone??
Supply Zone::1308.64-1319.25
Demand Zone::1224.92-1244.26

Gold price is above all key moving averages as well as above some pivot levels so minor strength is there.
First time after few months gold goes above Monthly SAR level so major strength is there.
Below 4Hourly and Daily SAR level minor weakness will come.
(For SAR level check last image)
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XAUUSD Daily NEo Wave Plot (21/01/2015)

As weekly trend is up we witness some upside in last session.
Check Weekly NEo Wave Plot.

We witness the expanding triangular activity in gold prices, After the expanding triangle its very difficult to retrace the entire Wave-E.
We can see all the indicators are in overbought zone in lower time frame,so i think its time to cool down that indicators.
Also we can see in 4hourly candlestick chart price is unable to cross the upper trendline.(Check third chart)
We can see some triple zigzag activity may going on in daily chart.
Some sideways with upside bias moves expected for today.
One can use weekly support-resistance for entry.
Because of above all reasons Buy On Every Dips Should Be Respected.

Demand-Supply Zones::
We can see in forth chart last session also price is unable to hold supply zone and breaks another one supply zone.
Supply Zone::1319.28-1308.64
Demand Zone::1244.26-1224.92

Gold prices are above all key moving averages as well as above all pivot levels so minor strenth is there.
First time from last 2-3 month price goes above monthly SAR level.Means Major trend is changed.
Major strength is there till price is above All SAR level.
(For SAR level Check Last Image)
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Gold Is Ready To Touch Apex Point

In last week we enjoy the entire upside move from exact low. I project all intraday as well as last weeks entire move all targets are posted on facebook page,Weekly target is posted in this post last image.(Check last image  or check Last weekly report) 
As we witness the last leg of expanding triangle,In google group posted all details about the expanding triangle.For join this group drop the mail.

NEo Logic For Week:
As we witness the last leg of expanding triangle its time to get the Post Pattern Implication of zigzag, As i was posted in google groups last post its very difficult to retrace the last leg of expanding triangle.99% of time price is not able to break low of last leg.
That means if my count is correct then we will never see 1167.97 for long time.
In larger pattern we have seen limiting contracting triangle breakout few weeks before and now we are again comming to the apex point of that limiting contracting triangle.

Today i will post some details about apex point in google group.

For this week 1238.53/1211.58 are two some important supporting levels and i am expecting the upside targets like 1325.74/1352.69 and more.But buying is not suggested till price broken 1296.80
We can see the upper trendline touch point is there,so better is buy after breaking trendline (Check first four charts.)

Demand-Supply Zone For Week::
In last week we witness gold is breaking more than two supply zones so short term bullishness intact.
Demand Level::1296.90-1284.69
Supply Level::1244.26-1224.92

Gold price is above all key moving averages as well as pivot levels so minor strength is there.
Gold price is above 4hourly,Weekly,and Daily SAR level so short term strength is there.But till its below Monthly SAR level so major trend is till down.
(For SAR level Check Second Last Image)
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Parsons’ Rules

Bob Parsons is the founder of GoDaddy.com. GoDaddy is the domain name site with those obnoxious Superbowl ads — and the company that made Parsons a billionaire.
(I guess when you’re a billionaire you can get away with an awful looking earring.)
Many years ago, I came across “Parsons’ Rules” — a list of 16 rules for success in business and life. They struck me as pretty damn good.
I was reminded of Parsons’ Rules while tinkering with another project this weekend, and realized they also apply to trading.

So here they are::

1. Get and stay out of your comfort zone. I believe that not much happens of any significance when we’re in our comfort zone. I hear people say, “But I’m concerned about security.” My response to that is simple: “Security is for cadavers.”

2. Never give up. Almost nothing works the first time it’s attempted. Just because what you’re doing does not seem to be working, doesn’t mean it won’t work. It just means that it might not work the way you’re doing it. If it was easy, everyone would be doing it, and you wouldn’t have an opportunity.

3. When you’re ready to quit, you’re closer than you think. There’s an old Chinese saying that I just love, and I believe it is so true. It goes like this: “The temptation to quit will be greatest just before you are about to succeed.”

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be. Very seldom will the worst consequence be anywhere near as bad as a cloud of “undefined consequences.” My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, “Well, Robert, if it doesn’t work, they can’t eat you.”

5. Focus on what you want to have happen. Remember that old saying, “As you think, so shall you be.”

6. Take things a day at a time. No matter how difficult your situation is, you can get through it if you don’t look too far into the future, and focus on the present moment. You can get through anything one day at a time.

7. Always be moving forward. Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages.

8. Be quick to decide. Remember what General George S. Patton said: “A good plan violently executed today is far and away better than a perfect plan tomorrow.”

9. Measure everything of significance. I swear this is true. Anything that is measured and watched, improves.

10. Anything that is not managed will deteriorate. If you want to uncover problems you don’t know about, take a few moments and look closely at the areas you haven’t examined for a while. I guarantee you problems will be there.

11. Pay attention to your competitors, but pay more attention to what you’re doing. When you look at your competitors, remember that everything looks perfect at a distance. Even the planet Earth, if you get far enough into space, looks like a peaceful place.

12. Never let anybody push you around. In our society, with our laws and even playing field, you have just as much right to what you’re doing as anyone else, provided that what you’re doing is legal.

13. Never expect life to be fair. Life isn’t fair. You make your own breaks. You’ll be doing good if the only meaning fair has to you, is something that you pay when you get on a bus (i.e., fare).

14. Solve your own problems. You’ll find that by coming up with your own solutions, you’ll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: “You never succeed in technology, business, or anything by following the others.” There’s also an old saying that I remind myself of frequently. It goes like this: “A wise man keeps his own counsel.”

15. Don’t take yourself too seriously. Lighten up. Often, at least half of what we accomplish is due to luck. None of us are in control as much as we like to think we are.

16. There’s always a reason to smile. Find it. After all, you’re really lucky just to be alive. Life is short. More and more, I agree with my little brother. He always reminds me: “We’re not here for a long time, we’re here for a good time!”

XAUUSD Daily NEo Wave Plot (16/01/2015)

In last session we witness some upside in gold and my Weekly as well as Intraday target is done.
(Check last image for intraday target)
Check Weekly NEo Wave Plot

As per my Weekly NEo Wave chart we are witnessing some expanding triangle activity in gold price,and we are in last leg of expanding triangle.In last day i was posted advance progress label application for exanding triangle.And today i will post the post pattern implction of expanding traingle in my google group.To join group post the mail.

For today 1251.33/1241.79/1236.21 are important supporting levels and i am expecting targets like 1280.93/1291.07 and more.
We can see trendline breakout on daily chart as well as we can see trendline support on hourly chart(Check second and third chart)

Demand-Supply Levels:-
Demand::1204.47-1218.61
Supply::1284.20-1289.80
In last session as well as from last few session price is not respecting supply levels,so uptrend intect.

Gold price is above all important moving averages as well as all pivot levels so minor strength is there.
Gold price is above Daily,Weekly and 4Hourly SAR levels so short term strenth is there,but till below Weekly SAR level.
(For SAR level check second last image)
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