boru's price action journal

paying special attn. to levels on the 15 and 60, am looking at trading ranges

 

Too much over-analysis here. Looking at your chart, there was one trade that could be held all the way through with a small stop loss.

 

I think you're right, there are certain areas of S/R I want to trade, but how price gets to those areas is important too. thanks

 

Beware of virgins and volcanos.

 

thanks going off in the weeds again there was a buy at 47 ish if anyone was awake

 

replaying the day over ...
1. price opened near MP and traded in range until BO at 9:50
2.RET at 10::00 trading higher to DT at 64 trading in a range until BO to the downside at 11:00
3.we have two TRs straddling the OVH looks to be a day to seek balance price trades down to OVL at 43
4.buyers come in trading price back up toward the MP and OVH where buyers refuse to pay higher prices and..
5. price trades down to 33 the bottom of the 60 min TR from the last few days
6. price trades off the 33 level and back to the OVH forming a hinge around 51 the MP of the last larger range.

there were trades out there today, I am getting more comfortable watching a 5 and even 15 min bars, understanding its not the bar itself, just a representation. a larger bar interval gives me a bigger view on behavior in the past that would have been out of sight to me with a smaller bar interval

 

And you can always trade off the right tick.

 

yes, if you're watching a 5 min you have to unless you keep a smaller chart open in the corner of your screen, thanks

 

late start today price is still hanging around the mean...