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11:02 retracement 11:08 lower low 11:30 lower high. the selling waves seem to be getting smaller

10:11 failure at 3108 10:48 lower high sellers taking control 11:12 another failure at 3108 lokks to me so far the bears have the upper hand

So today I begin my observation stage of learning to read the tape, I will post how I saw todays market action afer I've had time to watch a couple of hours of market replay. Thanks to everyone who has lended a helping hand in my learning process.

good luck hope we can learn together!:p

8:30-9am cst and 11:30 till 12:pm. plus I can replay the markets on my platform if I need to.

Yes there are times during the day I can observe and I have Wednesdays off every week to observe also.

the main reason I chose the nq is that the volume is large enough that allows me to trade 2 contracts without alot of slippage and also from what I have observed it seems to trend better than the es.

I plan on trading the nq only. I will not hold overnight and will be trading part time as my work load permits, my main goal from trading is to become confident and proficient enough to have a choice in whether I choose to do this for my living! Thanks DB:)

I will only be watching price and writing my thoughts about what I see price is doing at certain levels and where I think buyers and sellers are making their trades

I'll take suggestion from you too but the main purpose of the charts were to show my support and resistance lines, are you saying they are cluttered?

here's the 1 minute

Here is the chart.

my support levels are 3056,3037,3027. I have no bias up or down I will be completely in cash at the close everyday. I will be trading 2 contracts taking 1 off at my 1st target and the 2nd when we either have a higher low or a lower high.

I will also be using supply and demand lines that are pretty new to me so please don't hesitate to straighten me out.

This is my 1st attempt at a trading journal and I will be trading the nq with price action only. For Tuesday I see 3088 as an important level, then 3099 and 3108 if we get that. I will look to make trades based off of support and resistance lh, hh ll and hl. If anyone wants to post on my journal...

I understand more about this than you think I do but I thought the purpose of this thread was to help people with this method. I get most of what you are talking about but I'm struggling with an exact trading plan because to me so much of this is subjective.

I did buy the eBook and he should be charging more than $30 !

This approach maybe a month I've been studying price action and using a demo for a couple of years!

I guess I thought trading on a demo was a good way to learn this approach. I'm not sure how I can understand it if I am not doing it!