Search results

  1. T

    Section 7

    Niko suggested we set a goal for the week. Excellent idea. My goal for the coming week is to totally grok scratching.
  2. T

    Section 7

    Yes. I am sure that post of mine will come back and bite me.
  3. T

    Section 7

    I haven't posted for a while as my focus has been on reading up on the basics once again. That other site is a veritable goldmine. It's an iterative process of sorts. So I'm still here, but silent. Everybody - or so it seems - keeps saying how difficult a task this is, how much hard work is...
  4. T

    Section 7

    Yes, observing price and knowing when not to trade is just as important as knowing when to trade. I am not going to trade reversals or ranges. I am diddling with too many things right now. I like to think I am still observing but at the same time I've been backtesting, documenting ideas...
  5. T

    Section 7

    That was sloppy wording on my part. Sorry. If 3660 holds I will not be on the lookout for longs, I will assume that the line of least resistance is up. I will then enter long if any of my defined entry "pictures" show up. I have the following alternatives: Enter on the first retrace after...
  6. T

    Section 7

    Finally, this is where I will be paying extra attention come Monday unless something alters the picture overnight. If 3660 holds I will be on the lookout for longs; if it breaks price will fall back into the previous range and I will look for a short setup. If price goes down I expect the move...
  7. T

    Section 7

    On the daily price has made a steep swing for a new high. There's nothing in previous price history to keep price from going to at least 3700 - apart from it closing in on the upper extreme of the "AMT range" (as I currently understand AMT). From the daily I would not be surprised if the coming...
  8. T

    Section 7

    My focus is on intraday trading (NQ) using the 1m bar period (or lower) chart. That's where I am doing my "observing". Zooming out, one can take a look at the scenery that surrounds our lite patch in space-time. This is a weekly chart going back a few years. It's easy to see what the direction...
  9. T

    Section 7

    niko and nth, thanks. As you may have noticed, the name of this journal changed a couple of times. Sorry for any confusion and thank you Magna for helping out. My first choice - even though it reflected what I am trying to accomplish - did not fully comply with the ET rules of conduct. So to...
  10. T

    Section 7

    I'm studying the Wyckoff system of price action trading. Currently I'm observing and taking notes during market hours. I expect to be doing so for many more weeks. Odd hours and weekends I'm backtesting ideas and working on my trading plan. I have a history and I've spent more than I...
Back
Top