I am trying to download the thread in Word format from the above link but it seems that the second one may be corrupted. I have tried to download it several times and each time I can't get it to open. I'll try again from home but was hoping someone may be able to send it to me so I can print it off with nice color here at work?
Breaking News 01/16/2008 16:03 *DJ OIL FUTURES: Crude Falls To 4-Wk Low As US Inventories Build 01/16/2008 16:05 *DJ SNAKE OIL FUTURES: Subscriptions Fall To 12-mth Low As traders convert to AHG, price is king!. Vendors announce aggressive mergers and consolidation of spam lists. Muahahahaha!
I intend to join the channel once I get going trading the AHG way AND find a way to burrow into IRC through my works firewall. Which is next to impossible! I'll be trading from my laptop over EVDO anyway so that will likely be my pathway to fending off the activists.
Boo... had school today didn't trade. I miss the posts in this thread. Chatroom is nice obviously, but this forum has a certain touch to it...
Filtering for Confluence and a temporary farewell I don't take just any failure, or just any reversal pattern. There must be a solid reason for me to enter a trade and risk my capital. Just because I see an M top does not mean I will take the short "confirmation", just because I notice a W formation does not mean I will go long on the "confirmation". In short, I need to see the green light from the anchor chart and receive an "ok" from the big guy, the big picture, that the play has good potential. This is precisely how you place the odds in your favor. I filter my trades to increase accuracy, I examine the entry chart to use small but efficient stops and I use the anchor chart to make sure I'm on the right track. Notice how price is "rallying" into resistance but you, the predator, must wait for that rally to fail, and confirm that it failed, to short it based on the "big picture analysis", the anchor chart. When unaware of what you could possibly use for targets, use the anchor of the anchor chart, otherwise known as the daily chart but usually the anchor chart itself is good enough if you got multi days in your data display. Here is a chart illustrating the above and this is how you take your price action trading skills to the next level. This will be my last post for a while as I give the journal a temporary rest, feel free to discuss among each other. This, my friends, is the only "holy grail" you will ever need. Good trading. Anek
Thanks for everything Anek. Great chart and as always, just following your own set of rules given on page 1.
Anek will it be permissible to short after swingpoints on the anchor. the attached chart shows the shorts with numbers?
Great journal Anek, thanks very much for sharing your knowledge so generously. I have learned a great deal. Good trading.