NQ Price Action Journal

Discussion in 'Journals' started by niko, Sep 2, 2013.

  1. For what its worth I have stopped drawing the lines and just visualize them in my head which actually in turn has helped me to stay focused on price. It has eliminated the "hope" that the line will hold. If price bounces hard and is about to break the line that would have been drawn that means something to me now then waiting and saying lets see if this line holds etc etc. I like it.
     
    #211     Feb 25, 2014
  2. dbphoenix

    dbphoenix

    Glad to hear it. The importance of the lines, of course, from the beginning, was to convey the importance of the Law of Supply and Demand, particularly with regard to distinguishing up from down. To a large extent, this objective has been met by those who have been using them for a while and they are beginning to find that they can "see" price without them. And they seem to be more relaxed while trading.
     
    #212     Feb 25, 2014
  3. niko

    niko

    Well, as I said in chat, this is the last of these charts I will post. Have to go back to do what I was doing. If any chat member has any question about why the entries were taken please post it.
     
    #213     Feb 26, 2014
  4. niko

    niko

    And the results :
     
    #214     Feb 26, 2014
  5. niko

    niko

    BTW, the notes in the chart are things that were pasted as they appeared on the chat and that were important to notice for me at the moment.
     
    #215     Feb 26, 2014
  6. gears

    gears

    The "looking for an up" and "cause we already did down" stuck with me too.
     
    #216     Feb 26, 2014
  7. Gringo

    Gringo

    That wasn't bad Niko. At least you took the plunge and scratched as well. That's a pretty big improvement. At least you're trying to figure out the moves instead of panicking and kicking yourself for not getting in.
     
    #217     Feb 26, 2014
  8. niko

    niko

    Well, the surfing part is something I only did bec the point was following the drill mechanically, I thought that some people just couldnt trace the line to spot the entry, but I guess I was wrong given the small ammount of replies I got.

    The scratching part is something I am getting better at, I just did an exercise of not placing a stop and making the scratch the only alternative. It really sharpened my senses. Was like dropping the lines, you just start getting a little bit more of focus in PA, I am still amazed on how my mind works.
     
    #218     Feb 27, 2014
  9. boru

    boru

    You aren't the only one (referring of course to my mind)
     
    #219     Feb 27, 2014
  10. niko

    niko

    Given Db suggestion from some days ago, I am gonna be posting my backtesting results. I will comment on this later.
     
    #220     Feb 27, 2014