Gold, Silver, and Indexes Using Price Action

Discussion in 'Journals' started by Gringo, Oct 4, 2013.

  1. Gringo

    Gringo

    Above: 4526, 4555, 4600
    Below: 4473, 4460

    I am mainly waiting for an opportunity to short as we're moving up. Ideally price gets closer to 4600 or at least 4550+. The potential levels above are where my current focus is. Price is above the median and half way between the upper TC which means the potential for zig zagging is there. The overall position from the recent BO from 4460 appears to be losing some steam. Usually the strength after the breakout and retracement is a sign of genuine intent and here price hasn't been able to decisively go upwards. Nonetheless, price isn't dropping either and that puts some ambiguity in the whole assessment.

    Yesterday's action of demand giving up, recovering, asserting, and giving up again was a sign of uncertainty and uncommittedness. Today's action of demand preventing downward continuation before the open on the hourly (TDTDB) puts odds a bit in favor of potential to the upside. Yet, only in real would we know what traders are trying to do. Price has had a few days of moving up consecutively, and demand understandably may need some rest before reasserting. Whether price gets to the levels I deem important is yet to be seen.

    The safest and most profitable entries are around TC or TR extremes and waiting for these juicy entries usually is far more rewarding than trifling with mediocrity.

    [​IMG]
    [​IMG]
    [​IMG]

    Gringo
     
    Last edited: May 21, 2015
    #481     May 21, 2015
    dbphoenix likes this.
  2. Gringo

    Gringo

    [​IMG] [​IMG]

    Gringo
     
    #482     May 27, 2015
    lajax likes this.
  3. Buy1Sell2

    Buy1Sell2

    Gringo, why bother with all these lines when you could just go this route--

    upload_2015-5-27_10-10-41.png
     
    #483     May 27, 2015
  4. Gringo

    Gringo

    [​IMG]
     
    #484     May 29, 2015
    lajax likes this.
  5. Gringo

    Gringo

    [​IMG]
     
    #485     May 29, 2015
    lajax likes this.
  6. lajax

    lajax

    If Gringo allow me, I am going to put my sim trading for today but what I want to point out are the observations done during my trading session, any comment is welcome

    Trades.png
     
    #486     May 29, 2015
  7. llIHeroic

    llIHeroic

    If I may, attached are some general thoughts. Above all, very nice management of your trades in their organized execution and with keeping losses small. Also, good job on passing up signals where context was causing you to feel uncertain. A bit of controlled caution never hurt anyone. Keep up the great work.
     
    #487     May 29, 2015
    lajax likes this.
  8. dbphoenix

    dbphoenix

    I'll comment on this in your journal.
     
    #488     May 29, 2015
    lajax likes this.
  9. Gringo

    Gringo

    Sorry buddy. Intra-day I try not to comment much because it requires some prep and all, and hindsight bias is also at full bloom. You have my best wishes.

    I also am busy training my mind to focus which combined with some lack of sleep has me a bit exhausted now a days. (30/100 recall for me now).

    Gringo
     
    #489     May 29, 2015
    lajax likes this.
  10. Gringo

    Gringo

    Number of elements: 100
    Correct answers: 63
    Mistakes: 37
    Time: 6 sec

    There were moments of silences where time seemed to stop and the focus became intense. I would break out of those moments fast but during those moments I would remember the numbers and not be aware of my surroundings.

    Gringo
     
    #490     May 31, 2015