The Price Action Journal 2

Discussion in 'Journals' started by schizo, Sep 5, 2022.

  1. Overnight

    Overnight

    You missed the fact that you should get the hell out of the Sep contract right now, and switch to December. They are going to start the roll in two days.

    Other than that? No, you missed nothing. It is doomed until the Fed pivots.
     
    #51     Sep 6, 2022
  2. Buy1Sell2

    Buy1Sell2

    This is after the fact?
     
    #52     Sep 6, 2022
  3. SunTrader

    SunTrader

    Missed also (on purpose I'm sure, but don't know why) Globex session.

    And ten out of fifteen bars long wick candles at high of session.
     
    #53     Sep 7, 2022
  4. schizo

    schizo

    Hindsight analysis is usually considered after the fact. :)

    Anyway, here's a real-time analysis, nothing fancy. In fact, simpler and cleaner the chart, the better (the outcome) IMO.

    upload_2022-9-7_10-36-2.png
     
    #54     Sep 7, 2022
  5. Leob

    Leob

    As time goes forward I like to examine the PA in the past candle shadow area.
    Preferred in smaller TF. Screenshot 2022-09-07 210327.png
     
    #55     Sep 7, 2022
  6. schizo

    schizo

    How did you like that? Now that we've touched the upper channel, we just might retrace down to the lower channel. Let's see.

    upload_2022-9-7_11-36-9.png
     
    #56     Sep 7, 2022
  7. SunTrader

    SunTrader

    Looks like it will finish strong into the close. So maybe during Globex.
     
    #57     Sep 7, 2022
  8. SunTrader

    SunTrader

    Yesterday's eMini volumes

    Sept'22 2,294,895
    Dec' 22 54,828

    There's still time - 3rd Thursday of the month. Or IOW next week.
     
    #58     Sep 7, 2022
  9. schizo

    schizo

    That pretty much sums up today's real-time analysis. Wasn't that beautiful? Went exactly as planned. :) Moreover, there's nothing fancy or complicated. Just simple price action is all you need.

    upload_2022-9-7_13-3-35.png
     
    #59     Sep 7, 2022
  10. schizo

    schizo

    Here's a hindsight analysis of today's price action. Since I've already touched on trendline/channel yesterday, I would like to do one on measured move. There are many variations for MM but this one should suffice. It wouldn't be this obvious in real time, but with enough practice, you should be able to see the patterns quickly.

    upload_2022-9-8_15-25-31.png
     
    #60     Sep 8, 2022