Making of a method

Discussion in 'Journals' started by game, Apr 15, 2013.

  1. game

    game

    I am assuming you are referring to the long entry on your chart at 0928 EST. It was too early of a turn for me. I did not see any clear imbalance at the that point. Price was still to the left of the larger supply line and the overall context suggested caution.
     
    #1081     Jan 13, 2014
  2. game

    game

  3. niko

    niko

    #1083     Jan 14, 2014
  4. game

    game

    What happened?
     
    #1084     Jan 14, 2014
  5. niko

    niko

    That large stop is not doesnt look like your style.
     
    #1085     Jan 14, 2014
  6. game

    game

    Was counting on the congestion and small downswing to provide R. But price surged instead. Got caught.
     
    #1086     Jan 14, 2014
  7. game

    game

  8. game

    game

  9. if I'm understanding your chart correctly you are sometimes scaling out of trades.

    You went long around 8:50. Why not exit 1 (or some quantity) near the HOD around 3604 ?

    Same thing on the 9:50 short and LOD.

    just curious.
     
    #1089     Jan 16, 2014
  10. game

    game


    I don't have rules that automatically trigger exits at potential S/R. It depends on my assessment of the context. The quality of the movement from OL indicated strength (pace of move) and I gauged the odds of OH break and trend run as being greater than V Reversal back to Range Support. However, as R manifested and time elapsed, the case for a break became weaker. Nevertheless, I sort of exited in no man's land since the balance still remained on the demand side.

    Same on the short at 0951. The way price sliced through all the previous congestion shifted odds to Range break. Had it meandered down, I would have been more inclined to exit on confirmed S.
     
    #1090     Jan 16, 2014