Search results

Understood. Thanks for that. I'm not trading those intraday 'turning points', merely observing. Whilst my trade plan isn't finalised yet, I can't see myself taking more than a few trades a day based on the stats I've looked at thus far. I can see where you are coming from though.

Apparently I'm a Wyckoff Scribbler.... whatever the hell that means ;)

Absolutely, but that isn't the point of this exercise. Important levels are tradeable regardless of the time that the test occurs. The purpose of this post however, was to relay my observations of the first hour or so after the start of the NY session. My trade plan, my entries, specifics of...

That means a lot - thanks!

Cheers, thanks for that. This is good. I can always revise my trade plan by looking left again based on what traders are doing... As usual, the application of common sense beats all other concerns.

And now on to the session itself. I used to be commenting on price rather than doing what I should be doing which is taking note of the trader behaviour at certain levels. So what follows isn't commentary, it's basically bullet points of what I'm thinking at the time its happening. You can...

Ok so here is the 9th of Jan 2015. The upcoming charts I post won't be as detailed, I'm just wanting to show the prep that goes into the day. Hopefully it will show my thought process. First up [PreMkt] prep leaving me with this leading up to the [Open] I'm trying to keep the...

Is there any other kind of approval worth seeking? ;)

You know I was always the kid hiding behind his desk when the teacher asked a question Don't you? ;) To me this is a transfer of quality - Selling Climax, secondary test with lower Volume, all revealing a transfer of poor quality supply to good quality demand. I'll go and hide under that desk...

It's been a while since the last update. I'll start posting my observations soon. So what have I been up to? The focus has been on observing price and trader behaviour. I've replayed a lot of sessions, and reviewed a lot of the rejections of levels I collected In the backtesting. As per DB's...

Zoomed out to the hourly to show more context. Using Lajax's soon to be trademarked, patented notations :) You can assume a failed [BO] and reversal is there too... I just ran out of room. edit: Sorry for butting in with the late post, didn't see the other entries before I posted, maybe should...

Just wanted to say as well that this question has prompted a lot of work behind the scenes from me. I've replayed a large number of the Climaxes I captured in my backtesting and have gained a lot out of the exercise in terms of understanding the dynamics of the behaviour behind them. Once I...

Have taken note of this from 40D in terms of context regarding opportunities. Doing all of this observation and replay its easy to get suckered in to thinking every reversal at a level is worth taking and not be thinking about filtering them based on measures of quality. It stands to reason...

This kind of situation always threw me off centre - what to do if the pre market moves away from its established range and extremes closer to the open? These days, with more knowledge and experience with AMT etc, I'm able to shift gears and simply look for the nearest area of interest rather...

LOL! Gatecrashers! Thanks for that you two. Comic relief, instruction and trolling all in one. Priceless!

I'd say you are far more qualified to answer than I am! Thanks DB.

Damn - I thought I liked stats :) Well done! I'm assuming you are meaning the first 5 minutes, 10 minutes etc Rather than 509375 minutes etc I can focus on the first 90 minutes or so of the session but anything over 3000 minutes and my concentration tapers off :)

I've seriously got to get better at this. I just spent 20 minutes trying to write a response and then ended up binning it when I saw DB's response!

Brilliant. Really helpful. I have to say I wish I'd have seen that before my previous attempts. Maybe I wouldn't have ended up writing "Crime and Punishment" each session like I did here and missing the entire point of the exercise. It's a really useful template for the observation phase. Thanks!

;)