Mike, thanks for posting the logs, they're very helpful. It's also a much better log sheet than what I'm using; is the template available online? Also, I noticed QCharts had much lower volume at the start than Mak's IB PRV sheet, and also that price lagged IB as much as 1 point for the first hour. Was that what you were noting re bar 4? -palinuro
You're welcome, I hope to see others soon and perhaps some critique of mine as well. I got it from the journal early on. See attachment. The Qcharts server I was on at the start had the wrong volume. A big thanks to dkm in the chat room today for getting me straight. I noted it on bar 3 of the log sheet and corrected the volumes. -Mike
WGTrader, nice results you posted for 4/16. Any chance you have your marked-up chart to go with it? Thanks!
Hey Spydertrader I was short today at 8950 at 15:10 and felt very good about the trade, the 15:15 bar BO my RTL and everything seemed to be going great. Obviously, as we know, price shot up at the end of the day. I got out and still made a profit but feel that I should have noticed earlier that price wasnt going to continue lower but, rather a new pt 3 of an up channel was forming instead. After looking over my charts again, I feel like the 15:22 YM bar was the critical turning point in signaling the ES would not longer continue lower. What is your take on this? Is this bar significant to you? Thanks! Steve
good job at 15:10, at 15:22 I think it was tums said 'give me a nice p3 at that time it did look like a p3 is forming but the was something wrong with that picture, no red vol increased. So we just waited and eventually black vol prevailed and rest is history as they said.