Price Action Journal V1.5

Here ya go, I posted this a long time ago.

Have fun

Schaefer

http://www.elitetrader.com/vb/showthread.php?s=&threadid=121810

 

Thanks Schaefer


I actually found that thread after I posted with the "search" function...

Still a little unclear, but I will searching and researching it.

I guess the basics are, keep longer term setups/trend in mind, (not just any old support/resistacne break will do.)

and its the tick on the bar after the breaking bar.

 

Anytime BYF....

 

Hi BB

Thanks for your concern and advice. If I had big overhead than I would probably not consider quitting. I have 27k saved up and monthly expenses under <$600. Good to be single and 24. I think I would do much better on my own in terms of getting up to speed... nonetheless I'll take a look at the DAX.

Cheers

JW

 

Where can I find Suri's recent H & S example? Thanks.

 

10 trades

6 winners
3 losers (2nd, 3rd, 9th)
1 BE (1st)

I took the first two longs because of the DB that occurred outside normal trading hours. Probably not the best thing to do? Any thoughts? I notice a lot of traders don't bother to report bars from the overnight session.

7th - really bad exit from this trade. My internet connection shutdown before I could get my stop in. As soon as it came up I exited at the market.
Ended up missing the next couple of hours because of my office buildings damn connection.

 

floyd........your magic tick tells you the price is in another channel

 

when u lose connection pick up phone and say get me flat now...this should be done immediately...

 

Can you please post a chart that illustrates the magic tick? Thanks.

 

good trading this morning... 3 trades 1 loser 2 winners +2.75pts. not a bad start... now off to work..