Talking about Behavior in Trading the NQ

Discussion in 'Journals' started by k p, Jan 10, 2015.

  1. This is an exercise I have done. Turn your price bars white to blend in the background. Draw a horizontal line at a price level. Then just watch the ticker when it gets to that horizontal line/price level. Take notes. Does it touch that line and get swatted away? Does it stop dead on/around that level? Is the "jumpiness" of the ticker increasing or decreasing as we get there? What happens after that? Break? Reverse? Etc etc. No bars no intervals no nothing just describe what the ticker does moving to the level, at the level and after the level.
     
    #11     Jan 10, 2015
    fortydraws likes this.
  2. fortydraws

    fortydraws


    That is an analogy I used. I think it accurately describes what I am experiencing, as accurately as an analogy of the sort can. At the same time, I wouldn't want to give someone trying to learn to read price action to try to force the analogy upon him/herself. But if you think about it this way: At every tick, there is a buyer who bought and a seller who sold. Given the context in which that transaction took place, what can assume about the qualitative character of each?
     
    #12     Jan 10, 2015
  3. slugar

    slugar

    Nice thread k p
     
    #13     Jan 10, 2015
    k p likes this.
  4. fortydraws

    fortydraws

    Wyckoff  Range Strategy Annotated & resized.JPG
     
    Last edited: Jan 10, 2015
    #14     Jan 10, 2015