Feedback appreciated. My Journal Begins...

Discussion in 'Journals' started by jsmacksem, Aug 4, 2014.

  1. jsmacksem

    jsmacksem

    Chart attached for above...
     
    #221     Nov 1, 2014
  2. jsmacksem

    jsmacksem

    I understand what you're saying.

    Does PA not concern itself with trader behavior though? For some reason, I thought I should try to understand behavior behind the bars. If that's not the case, it sure means I can stop doing that and thanks.

    Saves brain power.

    Your questions at the end, I hope I was able to answer in the above reply.
     
    #222     Nov 1, 2014
  3. jsmacksem

    jsmacksem

    Good pick up. It is always potential 3 BR. It's not known until after the fact.

    I've been seeking out traders. Many have not PMed me back, or simply have their PM's "OFF", suggesting they don't want to be reached.

    I look at many journals. Slugars and NoDoji's to name a few. Oh and kp's. I even tried looking up something local here in PA where I could learn in person. Haven't found much yet. I feel I'm piecemealing things together too.
     
    #223     Nov 1, 2014
  4. jsmacksem

    jsmacksem

    Are these the potential S R zones you refer to in slugar's journal? A zone of sorts where price hangs out for a while and PA will let the trader know whether is S or R?
     
    #224     Nov 1, 2014
  5. Turveyd

    Turveyd

    My take is, if price is being supported /bought then 2 options.

    1 get in near the low hope the buyers out demand the supply, with a tight SL

    2 jump on the break out either way.

    Generally a fake blip this will very you on the wrong side or hit a tight SL before reversing.
     
    #225     Nov 1, 2014
  6. jsmacksem

    jsmacksem

    I've been hit by the fake blip many of times.

    In a B/O, I think waiting for another test of the possible S/R will show PA's direction. Possibly a DT or DB.
     
    #226     Nov 1, 2014
  7. Redneck

    Redneck

    Those are 3 signals

    Right now.., and to bring clarity of thought..., hence action

    1 set up

    It either works.., or breaks down




    Please


    RN
     
    #227     Nov 1, 2014
  8. Redneck

    Redneck

    Get use to uncertainty

    Get use to not knowing - none of us do - till after the fact

    Studying PA is fine.., and necessary


    PA is price behavior - not trader behavior - it could be 1 trader causing price to move..., or it could be many - we don't know.., nor care

    RN
     
    #228     Nov 1, 2014
  9. Redneck

    Redneck

    Yes..., that is how Slugar sees S&R (for the most part)..., so that is what he and I talked about

    Jas sees S&R a little differently

    And I see S&R a little differently than either of them




    The real question - How do you define S&R


    =======================

    None of us will ever trade alike - we must create our own way


    RN
     
    Last edited: Nov 1, 2014
    #229     Nov 1, 2014
  10. Redneck

    Redneck


    Patience - show them you're serious - via your actions...., not words

    I imaging some will drop by

    ====================

    You'll also need to filter out the good..., from the BS

    And no..., for the most part I won't be guiding you on which..., is which - you need to figure it out


    We are all different..., we all see things differently..., we all trade differently

    If what you comes across helps you - no matter the source - then it obviously is not BS

    If what you come across does not help you - no matter the source - then it is obviously not necessary


    RN
     
    #230     Nov 1, 2014