This will be a journal on price action using SLA. I will be trading off of the 1 min chart using the basics I've learned from DBPHOENIX. I will post more later but I will be looking for retraces on the 1 min chart. Please stay on topic all trading based on SLA. Thanks, Pacman1
http://www.elitetrader.com/vb/attachment.php?attachmentid=143102&stc=1&d=1392250038 This is a chart with some of the SL and DL drawn, all indicators have been removed.
Now don't you feel better? Hope this works out for you. But it's going to be tough after six years. Don't think I've ever seen pink before . . .
http://www.elitetrader.com/vb/attachment.php?attachmentid=143104&stc=1&d=1392251409 A closer look at some of the DL and SL, some have been fanned.
http://www.elitetrader.com/vb/attachment.php?attachmentid=143109&stc=1&d=1392252474 An even closer look at DL'S and SL'S.
http://www.elitetrader.com/vb/attachment.php?attachmentid=143124&stc=1&d=1392312628 SL and mainly today so far DL'S marked and fanned. Sorry to say I only made 2 points on a day like today, I had the poor retail sale #'s in my head and only went long for 2 pts, I was sure it would soon reverse which it didn't. I know that I should not have a bias like that, will definitely work on that.