Search results

  1. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/14 TUE Had to run to the vet in the AM. Missed most actions in the morning. PM: mostly trading range PA. Did not manage well, and ended up just BE. I got trapped into thinking probability had shifted in favor of a mean-reverting leg in the channel. It turned out the premise was premature...
  2. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/13 MON hmm, Mondays... It's a small doji day that triggered a High-1 on D1 (barely). As of today, am planning to keep things simple this week--trade the 60min up channel until PA flags warning signs (bulls appear to have momo still to grind up into that Sep gap) 5min es trades i took vs...
  3. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/10 FRI quick post. will be traveling this weekend. One key thing for me today is the higher timeframe market cycle. As done in homework the night before, I decided to treat the price development as a first BOM BO attempt in a countertrend direction (many other PA or non-PA interpretations...
  4. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/9 THU Markets are offering so many opportunities left and right lately... A bit short on time today--I am getting deep in the weeds regarding my processes. Also doing more voice memo planning now, recording editing and reviewing take time but it is worth it IME. I am also experimenting...
  5. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/8 WED Interesting day. I thought I was decently in sync with the markets today. Mismanaged a few trades though. Most notably, around b26-28, I had exited a swing short from b16 to b23, planning to reenter on a trend channel line hit (bc b23 range expansion I was reasonably certain the...
  6. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/7 TUE Similar to yesterday, it's a busy day in the markets today. again, I didn't spend every minute taking bar-by-bar notes, because I didn't want to distract myself from structuring trades. there needs to be an EEG machine that reads and automatically transcribes my thoughts on each bar in...
  7. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/6 MON There were a few decent markets for PA today (like most days). I notice myself busy structuring trades rather than taking detailed bar-by-bar notes. Maybe that is a sign of progress. I was paying more attention to gc today frankly speaking. some days I prefer this market to emini...
  8. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/3 FRI TGIF. Decent day for PA. Similar to, yet somewhat different from yesterday. I managed my trades better, felt more in sync with the market and I can't quite figure out why. My energy and focus level was the same if not a little worse. My hunch is I started approaching the market using...
  9. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/2 THU A somewhat boring day--spike and channel bull trend day, no bodies were below the EMA. During the dead hours over the midday period, I managed to trade gc better. But it also cost me later as I paid too much attention to intraday macro assets correlations (often not so reliable IME)...
  10. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    11/1 WED Not a bad day for PA. I did not trade as well as I wanted (a few places indecision: b21 minor reversal of open rally, b67 BO; a few places exiting too early: b31 pb shorts, b62 TR scalp); but I appreciate how the day unfolded according to a PA-based plan, despite treasury refund & fomc...
  11. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/31 TUE happy Halloween! an abridged post today. i took the afternoon off--yard and leaves were out of control, had to clean up before the kids got there. I thought today was interesting because the market ran the same type of open program two days in a row. Traders could have traded them...
  12. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/30 Mon Key Takeaway today: I ended up missing too much of the upside because I was stuck with a very specific mental model about today's day type. I saw today as a classic BOM TR open with symmetry, and I was torn between an MM up and an MM down. I liked the context for shorts to retest yest...
  13. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    thank you @Georpe for your advice! i know I have a problem entering late in with-trend trades, when I think reward:risk has dropped below 1R. usually, the risk-reward / probability tradeoff seems to play out, so I guess I will teach my brain to get used to it over time, because I hate missing...
  14. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/26 THU slightly frustrating day--poor night of sleep did not help--it was an easier-to-read day personally, however, the one trade I wanted and waited for all day materialized without me. (B48 reversal-- premise and timing were ok, but too impatient and shaken out in B49) additionally, I am...
  15. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/25 WED Good day. Key takeaways: focus on real-time trend strength analysis and on level-context-pattern confluence is what appears the most reliable to me. lots of other isolated factors/tricks are too unreliable on their own to be helpful. -recency bias: whichever element i study the most...
  16. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/24 TUE Key takeaways today: -60min plan is holding up well. continue to show promise in this TF. -5min TA technique not there yet. keep grinding. -daily journals: keep adding to section: reliable and section: unreliable. it helps. EoD summary 5min recap 60min plan hasn't changed from...
  17. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/23 Monday Key learning: today i started "quantifying" (as much as I can call it quantifiable at this stage) and measuring my edge. I know when I use unreliable techniques to get in/out, I damage my edge. 5min Recap 60min plan D1 bigger picture (SPY levels; from Sunday) EoD table
  18. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/20 Friday Very constructive and productive week! Good progress all around. I am becoming more confident and more at ease with my real-time market read each session. Must keep doing the legwork. something is working. Build that basket of techniques to get in when I am more sure of what is...
  19. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    padu, i'm just a beginner early in my trading career. for me, stage 1 is poor imitation, which is where I am today (stage 2 better imitation; stage 3 integration; at least that is my thinking). btw i trade so small with stops i have never been badly hurt. i study and sample other approaches as...
  20. F

    A Beginner's Price Action Trading Journal (mostly es, Al Brooks style)

    10/18 Wed A productive day. Started compiling a playbook for myself. 5min recap 60min plan HTF EoD summary table
Back
Top