The Foresight Thread

Discussion in 'Journals' started by dbphoenix, Mar 19, 2015.

  1. pokito

    pokito

    sorry, was logged into work - didn't see your posts.
    The trade - entry and exit levels were determined on the hourly, not exactly retrace based. Moving SL to 4466.75 (b.e. + 1) going into overnight, same exit remains.
     
    #191     May 3, 2015
  2. dbphoenix

    dbphoenix

    upload_2015-5-4_7-44-51.png
     
    #192     May 4, 2015
  3. pokito

    pokito

    stopped out overnight for BEven. What is next for NQ?.....down to 4482 and then back up to 4510?
     
    #193     May 4, 2015
  4. dbphoenix

    dbphoenix

    My emphasizing entering on retracements wasn't accidental :)
     
    #194     May 4, 2015
    gears likes this.
  5. pokito

    pokito

    I know...and I got all kinds of issues - baggage from years of bad trading, trouble scaling, fear factor with trades close to market open, lack of screen time during RTH etc. etc. getting over them slowly.
    back to fore-sighting - looks like NQ came down to 4482 as expected, back up to 4510 or no?
     
    #195     May 4, 2015
  6. trader482

    trader482

    This is how I'm looking at it.
    NQ 100 Futures(5 Minutes)20150504121415.png
     
    #196     May 4, 2015
  7. dbphoenix

    dbphoenix

    You're trying to predict where price will go rather than just follow it as far as it's willing to take you.

    This trade has been discussed since last week. Anyone who missed it hasn't been studying.
     
    #197     May 4, 2015
  8. dbphoenix

    dbphoenix

    Pretty much, except that if you begin at the beginning, at about 58, the halfway level is lowered a bit.
     
    #198     May 4, 2015
    trader482 likes this.
  9. pokito

    pokito

    No question there Db !
     
    #199     May 4, 2015
  10. dbphoenix

    dbphoenix

    Did you see how price behaved as it dropped through 80? This tells you that traders consider that level to be important. Or at least the traders who move money.
     
    #200     May 4, 2015