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lesson for today "expectations" after breaking the DL on the 60 min chart last night . and the DT on the daily chart I was expecting a down day. I took a short before the open and managed the trade ok but I was surprised price didn't break the LSL at 3596. At the open price traded straight up...

bmw I like to think its because of superior instruction of sound principles and a pretty good support staff

Good luck Hooti lot of support and knowledge out there

ok found Db's post #160 in the bride thread this should clear up some confusion thanks to Hooti's journal

thanks for the PDF on hinges Db I had written a note to self to reread info on hinges.

Good luck I started a journal a few weeks ago it has helped me significantly.

the comments on the 2nd chart, it seems price is trading in a range the DT on the daily is giving pause to the bulls, price however is not falling yet even tho it is below the bottom trend channel

not sure if I'm trying to do to much at one time. I wanted to stick exclusively to SLA but many in the chat are using trend channels and I want to make sure (if I am going to use them) I use them correctly. In the first chart my original understanding was since price had traded below the lower...

sat on the sidelines for the most part today, didn't feel mentally sharp, there were some good observations in the chat

I apologize for not posting sooner am fighting the flu

after todays trading and further study it would be safe to disregard post #22, after some research I found the info I needed, also learned not to post when your tired lol. I am going away for the weekend will post later

Hey Niko printed out your TP will read it later tonight. your work in the various threads and chat has been an enormous help to me . Every time I logged on you were there posting charts, asking questions , thanks for all your help.

I was using the midpoint of the shaded area as resistance when it occurred to me I'm not sure if this qualifies as a TR? the edges are somewhat irregular not clean?

After Niko encouraged me to analyze the 60 min chart using the SLA principles, it made a big difference in understanding where price was in the bigger picture and showing where the buying and selling imbalances are (per the bigger chart). Coincidentally I had a very good day trading...

Db I don't know how many times I've read in various threads about trading 2 or more contracts and scaling out. I never thought about doing it myself, that was a tactic employed by better traders not a noob. but intelligent tactics don't know I'm a noob. thanks for your help

Hey Niko, yes I could have entered earlier if I didn't take the entry at 3456 or better yet put a SAR into my trading plan, thanks for pointing that out. when you say lost interest after 10 were you referring to the time or #10? I was in and out and I forgot to label 12 on the chart ...

forgot the chart

1. SL break HL ret went long and price makes HH price then declines to 2. DB where buyers again push prices higher to 3. 3451.50 followed by a small pullback 4. and a push to HH 3454.75 5. price then takes a breather and forms a small TR 6. until price spikes out of the bottom of the TR...

Hey Niko you make good points, I usually used the larger bar interval chart (60 min ) and higher for S/R , then as I lowered the bar interval I would try to find the ones closest to price , the one that would make a difference . the 15 and 5 min. what you're saying dials in a more in...

Ok for maybe the first time in my trading career I am going to try to think about this differently. I don't want this journal to just be a "boru draws lines on a chart", I don't think that's what I need right now. I have drawn lines and squares on charts ad nauseum and I'm no closer to being a...