Search results

  1. L

    Price Action - NQ II

    Is a question that I make myself in order to see what happened in terms of PA, but if you have a comment is welcome :) I think it is similar to something that you wrote me some time before; but in that case was for the bullish side of the mkt
  2. L

    Price Action - NQ II

    February 4th Prep - Context Plan the trades. Trades Red dot: Short Green dot: Long Black dot: Exit Note: Regarding to the red circle - Reentry From the observation point of view, what happened there (Red circle)? The sellers were able to make a LL, however the price spikes...
  3. L

    Price Action - NQ II

    February 4th Prep - Context Plan the trades. Trades Red dot: Short Green dot: Long Black dot: Exit
  4. L

    Price Action - NQ II

    Db, thanks for your words and your time, I really appreciate it Thanks for the words, It's really motivating receive this kind of feedback and makes me want to keep moving forward in this journey. :) BTW: You and Db are always welcome to post in this thread ;)
  5. L

    Price Action - NQ II

    I'm going to start the backtesting process; so for now I will start posting from February 3rd of the year 2014 Prep - Context Plan the trades. Trades Red dot: Short Green dot: Long Black dot: Exit
  6. L

    Price Action - NQ II

    The names that I gave to the types of RET is just a way how I identify the price action; but is a need to understand that all of this is based on the continuity of the price. BTW: Thank you for your question
  7. L

    Price Action - NQ II

    Trading plan Main principle of the trading plan: Given that the 1m bar interval, “presents far more opportunities for entry and profit. But it also presents far more opportunities for loss” (Db. 2015) the use in conjunction between interest zones (S/R) and PA is necessary in order to filter...
  8. L

    Price Action - NQ II

    Nop, these days I have not read a lot in the forums because I have been doing some work but if you dont mind, could you remember me what you wrote?, I appreciate it I suppose is this But regarding to this, the SLA/AMT should work doesn’t matter the bar interval, because it follows the...
  9. L

    Price Action - NQ II

    DEVELOPING A PLAN. Taking as reference the “Developing a Plan” by Db (http://www.traderslaboratory.com/forums/wyckoff-forum/15535-developing-plan-trading-journal.html) I´ll follow it as a guide in order to make my trading plan. The first step is to decide what kind of trader you want to be...
  10. L

    Price Action - NQ II

    I will start this thread because I want to keep an order in my process of formation as a trader; previously I have done a thread where is most of the material regarding to the observation phase done by me Price Action - NQ: http://www.elitetrader.com/et/index.php?threads/price-action-nq.289300/...
  11. L

    Price Action - NQ

    For the moment I will stop posting here because I want to move forward to the Entries/Exits, therefore I´ll start another Thread in order to keep separate my observation phase and the Entries/Exits phase. Thank you to all the people who have participated until the moment. Price Action - NQ II...
  12. L

    Price Action - NQ

    Yes, you are right. I used the excel function of concatenate, and I did not remember how to take off the decimals. But yes you got the message :). BTW thank you for "the well done" Ok, got it Db the next time I will use TL. Thanks
  13. L

    Price Action - NQ

    The past two days I have not posted anything in ET, because I´ve been a little busy with my classes and I´ve been doing some studies regarding to my process until now. In this order of ideas below are some details regarding to the observation phase. However, is important to mention that although...
  14. L

    Price Action - NQ

    Ok thank you Db, by the moment I´ll try yo keep doing this work in order to get in tune with the context later on I´ll move to the entries and exits. Anyway, thank you for your feedback and time
  15. L

    Price Action - NQ

    Got it thanks :). One question: what is your opinion regarding to the exercise? is well done? or it needs something else? I really appreciate your feedback
  16. L

    Price Action - NQ

    Yes, in the chart above there was only one trade, but the platform shows the entry (in this case the short) and the exit (in this case the buy of the short). But is only one trade
  17. L

    Price Action - NQ

    No, the green dot is the open; the fucsia triangle is the short, and the exit the blue triangle
  18. L

    Price Action - NQ

    Trade review Today I made one trade, therefore the next exercise, will be tittle as a “Trade Review”. Although I’m in the observation phase I wanted to do it In order to be aware of the PA in those interest zones. In this order of ideas, in this exercise I will review what effectively happened...
  19. L

    Price Action - NQ

    Day Observations. (Also posted in TL) 0833: The buyers test the UL of the TR, but they didnt hold an the price falls 0834: The price is close to the MP of the range 0837: If the reversal was taken, at the open maybe now that the trade has lifted off then we could change to a higer bar chart...
  20. L

    Price Action - NQ

    Here are my PM Levels. Daily/hr 15m/5m Although I am in the observation phase I will “venture into hypothesizing about what price is most likely to do where” as Db said. All of this in order to make sense of the PA in interest zones.
Back
Top