Price Action Journal V1.5

Discussion in 'Journals' started by TraderKaizen, Aug 14, 2008.

  1. My friday chart.
    Just the morning, I did not trade the afternoon.
    Of course I did worse than Anek (we are not in the same league...),
    but overall I think I did OK.
    3 trades and the day is flat.
     
    #701     Nov 10, 2008
  2. Flaborderie,

    Thanks for posting your chart. On a couple places you wrote trend confirmed for the downtrend and uptrend. What criteria do you use to determine the trend and to know when the trend has changed? Thanks.

    Floyd

     
    #702     Nov 11, 2008
  3. 2 higher highs and 2 higher lows.
     
    #703     Nov 11, 2008
  4. andas

    andas

    Sorry for the late response, haven't been around for some time...

    1: LOTM it is essentially (as I use it) a supp/res flip or vice versa. But I think it really means Low of the morning, so I don't use it "right", but for my own references it's used as a supp/res flip.

    2: Short, pullback to the broken supportline was a short IMO, but would have failed of course.

    Should you deviate from the trend following?
    If you make money of it - fine
    But I would say, focus on one thing first, then you can learn the others later. Become an expert first in your main method.
     
    #704     Nov 11, 2008
  5. shakira

    shakira

    I don't have any NT codes yet. When/if I do, I'll post the codes here. (This is to answer a multitude of PMs requesting them).

    shakira
     
    #705     Nov 12, 2008
  6. jfw215

    jfw215

    Took me all day, but here's the Auto S/R function for NT. Plots global H/L and 1hr opening range H/L... enjoy...


    PS. NT has a built in function for previous day OHLC called Prior day OHLC...


    JW
     
    #706     Nov 14, 2008
  7. Specterx

    Specterx

    Nice job. However, it seems the OR high/low lines get confused sometimes. Today for example, for me it marks the 9:19 bar as the high and the 8:30 (1 hour before market open) bar as the low, when the actual one-hour highs and lows were at around 10:24 and 9:59.

    Also I think the OR is generally considered to include only the first 30 minutes.
     
    #707     Nov 14, 2008
  8. jfw215

    jfw215

    Spec,

    I think that's because I'm using Pacific standard time... Go in the code and change the section where it sets the boundary for oRStart an oREnd...

    Also, I've heard of 15min, 30min, 60min OR... I guess you can set it in the section I just mentioned above... next version I'll make it adjustable in the properties menu
     
    #708     Nov 14, 2008
  9. jfw215

    jfw215

    Here's a screen shot...
     
    #709     Nov 14, 2008
  10. jfw215

    jfw215

    Updated version with adjustable OR time...
     
    #710     Nov 14, 2008