Price Action Journal V1.5

I agree with you on the HOD.

the chart is if from my Think or Swim platform, its not Anek's actual chart. I used min bars so I could match it to his chat log.

 

The HOD was over 50 ES from his entry. He meant he would not scale out anything until we retested the HOD. When he saw price blow through the HOD he held until it was time to sell most of the position.

His tactics have not changed, they expanded.

Daniel

 

With courtesy from the AHGers and permission from Anek here is a stripped down chart analysis of what happened on that historic play.

Daniel

 

LOL...great chart.

Thanks Daniel.

 

Is there a site for "AHG" and "Anek"?

Thanks

 

LOL... is that a m bottom? I see the double top... but where's the M??

Thanks

JW

 

I think you have to ratchet down to 0.5 seconds charts, otherwise it's easy to confuse the 70 point move with noise..

 

0 trades today. Traded from 1PM to close.
Was unfortunately out on the 50ish clear trade

 

The 'perfect M pattern' that is noted on the chart .... where would be the entry when you see that pattern? Is there a rule of thumb?

 

Why were those 2 trades perfectly clear? Because they did the 3 bar setup on a LH?