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  1. M

    Price Action Journal V1.5

    By the way, I did try to go short on the first Lower high after the DB, but I didn't get a fill and the market took off without me. I've been using the 3 bar entry, and this will happen some times. I thought I would throw that out if anyone was wondering why I didn't take that trade.
  2. M

    Price Action Journal V1.5

    Not my best day today. This was my first day to trade after a weeks vacation last week, so I felt a little rusty out of the gate. My first trade was a loser today, so I took a full stop on that trade and was down 18 ticks right out of the gate. After looking back again, the signal was good...
  3. M

    Price Action Journal V1.5

    Baldy is indeed the source where I received this data. I met him through the Sanuk group and did not realize he visited here at ET. He has some great ideas and was also the one that introduced me to range bars. If you see his posts, give them credence, because he is a real trader that has...
  4. M

    Price Action Journal V1.5

    Interesting Tex. I've read some stuff on those equal distance moves and you do find that they happen like that rather consistently. I'm actually glad you brought this up, because an old timer taught me something very similar that seems to work well, but I've been concentrating so closely on...
  5. M

    Price Action Journal V1.5

    Sharp, those charts are from the AMP Global platform. Yes, I trade directly from the charts using a strategy that allows me to enter long/short on the click of a mouse. Upon entry, the strategy automatically sets up bracets with OCO stop and limit orders that are held on AMPs servers. You can...
  6. M

    Price Action Journal V1.5

    Nice trade there Grill Guy. That's what I'm trying to work on, riding the longer trends. My style has been to ride the wave and jump out at the turn, then jump in again when the pull back ends. Sometimes that works out great and seems to be the way to go, then I miss a move like today and...
  7. M

    Price Action Journal V1.5

    I was always told that the only difference between a good carpenter and bad carpenter was a good painter with lots of caulk! :) Nope, I agree, find what works for you and learn it backwards and forwards. For me that's PA, S/R, and TLs with an occasional LR channel. I use volume as well...
  8. M

    Price Action Journal V1.5

    I'm still watching the charts, but it looks like the Friday afternoon chops might be setting in. I think I'm calling it a day. This was a good week for me. Zero losing days the entire week, and only 3 losing trades total for the week. I just looked through my trade statistics for the week...
  9. M

    Price Action Journal V1.5

    Sun, what trading platform/charts are you using? I used to like the range bars as well, but AMP doesn't offer them, so I stick to the tick bars with candles. I like the LG channels as well. Basically a scientific TL based on recent and past PA. Good stuff!
  10. M

    Price Action Journal V1.5

    Possible DT at the resistance area of 1290.50 - 1291.0.
  11. M

    Price Action Journal V1.5

    I won't trade the break out either. I'm either in prior to the break out, or I'll wait for the pull back. Very seldom, if ever, would I enter short near a supporting TL, so I would most likely wait for a retest and see if it fails. If so, then I'm probably on board unless there might also be...
  12. M

    Price Action Journal V1.5

    Here's the trades Max. As you can see, I should have hung on for the rest of the move. Could have picked up another 3+ points. That's what I need to work on.... hanging on longer.
  13. M

    Price Action Journal V1.5

    I didn't take this trade because it didn't give a good entry with enough room to profit before reaching the DB sup area, and as expected, it did bounce.
  14. M

    Price Action Journal V1.5

    I'm watching that same move, and that's excatly what I am seeing. If it plays out, just be aware that there was a DB not far below that area, so be prepared to act it something happens there to bounce prices.
  15. M

    Price Action Journal V1.5

    I've made two short trades this morning in the ES. On the first trade, prices touched my 6 tick scalp goal, but I did not get filled. It bounced quickly, so I covered the first trade at BE trying to salvage two ticks, but I was not quick enough. Turns out I should have held the trade, so...
  16. M

    Price Action Journal V1.5

    OK, got it now. Since I don't have time and sales, I'm basically trying to extract that from the DOM. I'm not looking at depth of market, just actual contracts sold.
  17. M

    Price Action Journal V1.5

    Brutus, thanks for the feedback. Just to clarify we are on the same page though. It sounds like you are referring to the number of orders that are displayed as available for sale at each bid/ask price range. I'm not referring to that. I am talking about the actual number of contracts that...
  18. M

    Price Action Journal V1.5

    JFW, by momentum, I am basically talking about strength. The fact that prices broke through the resistance area a second time today, along with the fact that the third bar that we use for the 3 bar entry was very long and prices actually closed at the top of the bar (no wick at all). Also...
  19. M

    Price Action Journal V1.5

    That's about how I see it as well Max. Something else I am experimenting with is watching the DOM orders. I trade from the charts, so I've never watched the DOM until the past two weeks. What I'm looking for is the size of the orders and whether or not they are hitting the bid or ask. If...
  20. M

    Price Action Journal V1.5

    We had a small pull back to test the former resistance line after breaking through. Prices immediately bounced off that line, so it was acting as support now and the move off of it was pretty strong, so you knew momentum was strong. If you would have used a 3 bar entry there, you would have...
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