A thought to begin each tomorrow Trading is a pay for performance occupation Each day; Show up â prepared Keep your head down â work your ass off Check your opinion..., and ego â at the door Be on your game â and 100% engaged Stick to the core of trading â come hell.., high water.., repeated losers Make thinking optional..., as it usually detrimental ============ Conduct a gut check each morningâ¦, and periodically throughout a session â to ensure this is When notâ¦, go fishing / play golf / take up knittingâ¦, possibly even basket weaving Just a little sumthin to ponder RN
The prep work before the trading day starts is one area I will put alot of effort into in the coming weeks
If you draw the trend line from 3740 and extend it through the high in 3/11 we are sitting right on the trend line so today could get interesting. with the mid point of the down move being 50 points below around 3500
For some reason my computer at work won't let me upload the chart but I will from my pc this afternoon
Slugar We discussed the volatility & S/R aspects of PA a bit â and can more if you wish How about we broach the MTF⦠and signal aspects Recall I trade off the 5 15 the bias / S&R areas / interim bias 1 min â fine tune How many signals can you identify on the 1 or 5 (see attachment) ======================== Suppose we should spec out what some of the signals weâre looking for are Same Bar; Close below open = weakness / potential down move Close above open = strength / potential up move Close = open = indecision (when multiple O/C clumped together on adjacent bars.., these areas can act as S or R later on) Adjacent bars; Lower Hâs (forming a down move TL) Higher Lâs (forming an up move TL) DT / even triple tops DB / even triple bottoms Retests that failed Pullbacks (moves back to the TL â either ascending.., or as a range) Range BO â either up or down ===================== As you do this â donât make shit up⦠call out only whatâs there / you can see Donât assume / donât form an opinion / donât guess / donât act as if you know Simply follow the bouncing ball â no more / no less Questions â ask Recall â more than one way to skin this catâ¦. Iâm sharing.., ultimately youâll need to find your way â hopefully some of this helps you do that ============= I've highlighted each 15 min bar - on the 1 & 5 TF charts.... Which also means every 3 - 5 min bars - is highlighted on the 1 min chart as 15 bar increments Trying to make it easier to delineate between TFs - and intra bar PA RN
on the 1 minute I see a lower high short at 955, a long on a higher low at 1030, another higher low at 1045 and 1115. plus they were all bounces off of trend lines