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  1. M

    Price Action Journal V1.5

    early afternoon
  2. M

    Price Action Journal V1.5

    3 charts, in order. nice double top to get the morning going.
  3. M

    Price Action Journal V1.5

    I was out of town the entire day, and just got back.. Looking back on my charts for the SPY, is it me, or was today one of those "home run"/dream days from a AHG perspective? Looking on my charts, it looked like many establsihed (up and down) trends with ample week pullbacks to get on...
  4. M

    Price Action Journal V1.5

    Thanks Schaefer I actually found that thread after I posted with the "search" function... Still a little unclear, but I will searching and researching it. I guess the basics are, keep longer term setups/trend in mind, (not just any old support/resistacne break will do.) and its...
  5. M

    Price Action Journal V1.5

    I kind of get it but, dont understand what the actual "tick is"... in your example here " is this saying, in an uptrend, the bar closes below trendline, and THE NEXT bar ticks below PREVIOUS bar,... then what? are you you looking for it to tickle a new low, and shoot back up? for...
  6. M

    Price Action Journal V1.5

    Sometimes. I have found that to be the case sometimes, but nothing is perfect.. I believe part of AHG is also being more aggressive (not waiting for 2 HH/HL) on W or M formations or key support and resistance levels... In other words, the 2 HH/HL wasnt the ONLY criteria for getting...
  7. M

    Opening Orders - 2008

    While I obviously dont want anyone to get "destroyed," With all the speculation about bailouts, and gov't interventions whirling around the markets, I think holding short overnight was incredibly risky in this type of environment...
  8. M

    Price Action Journal V1.5

    thanks!
  9. M

    Price Action Journal V1.5

    on your chart, b/w 13:39- 14:01 (right b/4 your long entry) is that a "dragon" setup? This questions isnt just to you, but to anyone else.. http://www.elitetrader.com/vb/attachment.php?s=&postid=2075976
  10. M

    Price Action Journal V1.5

    thanks. Appreciate the response.
  11. M

    Price Action Journal V1.5

    Toucan can you comment on why you entered after the run up with no pullback? I am assuming it had to do with the MA in the chart? It just seems like a risky entry to me.. (I am learning, so not criticizing, just curious.)
  12. M

    Price Action Journal V1.5

    JFW, that is awesome... I was almost done reading the original thread and taking notes, but having this as a reference is fantastic... Really helps hit home the "main points"
  13. M

    Price Action Journal V1.5

    thanks!
  14. M

    Price Action Journal V1.5

    Arnie, If you could, can you explain the widening/expanding volatility pattern. I was actually thinking about this the other day, but forgot what the signifigance is.. I thought it meant its a warning that the trend was ending, or becoming "unsustainable"....
  15. M

    Price Action Journal V1.5

    thank you
  16. M

    Price Action Journal V1.5

    Which brings up a good point. The author "isnt overly impressed" and then goes into a rant on how traders are looking for a "holy grail" to become profitable, etc.. It isnt designed for that purpose, IMO.. So of course, its going to fall short of "holy grail" expectations. It simply a...
  17. M

    Price Action Journal V1.5

    From what I have read from different posters about HA, most NEVER use HA for entries... They usually use to alert of a possible change of trend for exits.... Also, HA, has a tendency, in my opinion, to visually smooth out the price action, so it looks less confusing.. This is purely...
  18. M

    Price Action Journal V1.5

    Hoolee, could you elaborate on which portion of that chart represents the actual dragon "setup" (beginning, end) To me that just looks like a W bottom.. What makes the dragon setup different?
  19. M

    Price Action Journal V1.5

    Very interesting.. thanks for that bit of info.
  20. M

    Price Action Journal V1.5

    the daily chart I mentioned.. resting on the bottom of the channel. couldnt break it this morning, so a possible bounce perhaps?
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