Search results

  1. T

    Price Action Journal V1.5

    Well said Mccullek. :) Take care, Tex
  2. T

    Price Action Journal V1.5

    Good trading today traderTX! As a note, your afternoon long took place as price was pulling back for a 50% (healthy) retracement. See the chart I've attached. (As a note, I drew a H to L and L to H trendline just to show exactly where you entered within the bigger picture.) Take care, Tex
  3. T

    The Price Action Journal

    Awesome Susana! :D Regards, Tex
  4. T

    The Price Action Journal

    Amitman, Your guy Bill sounds a lot like my eminis mentor (Jim) who taught me this setup just a few years ago while programming me to begin understanding PA and trading S/R. (My hat's off to Anek, Susana, Bill and all others who have shared along the way as well.) Sometimes these setups take...
  5. T

    The Price Action Journal

    I totally agree AustinP. For all, take a look back at the charts I posted previously in this thread and then compare to today's chart attached to this posting. As Austin pointed out, price pretty much "pinned" to these areas of interest. It's so poetic. :) I throw this out as food for...
  6. T

    The Price Action Journal

    Surdo, I'm sure you're right. I'd love to trade 10K contracts someday. Take care, Tex
  7. T

    The Price Action Journal

    Susana, My bad, MS Word doesn't catch typos involving numbers. It should read "5.00/RT...". But $3.60 is good. I'm just comfortable with Mirus/Dorman. Btw, I don't trade more than 10 contracts at a time. This is my max. However, I position size based upon PA and market structure...
  8. T

    The Price Action Journal

    Mccullek, Sometimes it's good to just let the market "prove itself" first by getting ahead of you and providing some meaning to recent S/R levels. You could try fading the Highs and Lows after a second test of Support and Resistance. Missed trades can easily lead to overtrading; catching up...
  9. T

    The Price Action Journal

    $3.00/RT. To me a good deal but there might be better out there. Regards, Tex
  10. T

    The Price Action Journal

    TraderBilly, I use NT with Mirus Futures & Zen Fire. I've been pleased with them over the last 2-1/2 years or so that I've been with them. Regards, Tex
  11. T

    The Price Action Journal

    Hey there Floyd, Trading contraction markets was once my kryptonite. I'd go long at the High of the range, short at Low of the range and just couldn't seem to get a feel for it. :) But if you're an S/R trader, contraction markets are like icing on the cake. I think of it as Ping-Pong but...
  12. T

    The Price Action Journal

    Specterx, GGoyal, Here's my $.02 on stop loss and profit targets. Don't attempt to "cookie cut" these settings for all trades at all times. Price moves seamlessly from Contraction to Expansion and it's critical to gain a sense of this before entering a trade. What I mean by Contraction is...
  13. T

    The Price Action Journal

    Hi Floyd, I've attached the same chart which includes a diagonal high-to-high trendline. Notice how it confirms 1272.25 as new support. As you see here, it's just as significant a decision point as any. S/R is important no matter whether it's Horizontal S/R (a simple horizontal line at price...
  14. T

    The Price Action Journal

    Ggoyal, Me? No. I tend to take trades "as close to" S/R but only in direction of the trend. And to add, I also use diagonal trend lines to help identify potential S/R. Although assumptions are not good while trading, my expectation of a possible price run to 1299, do this: Get a Fib...
  15. T

    The Price Action Journal

    Hi Floyd, I changed the chart interval from 3Min to 1Min and increased bar spacing a bit so that it's clearly visible. My entry was based on price holding twice at the 1287.25 (resistance turned support...possibly) which lead me to believe it was low enough risk for entry. Otherwise I would...
  16. T

    The Price Action Journal

    Not a bad trade today. Regards, Tex
  17. T

    The Price Action Journal

    Amitman, I don't use the 5sec chart interval myself but I can perhaps help you to understand the need for using a shorter chart interval. Let's say that you watch a 10K Vol chart and begin to see signs of Susana's 3BR (also very similar to an Evening Star/Morning Star Candlestick pattern)...
  18. T

    The Price Action Journal

    Lucrum, The 3 bar reversal, also known as "3 bar Fractal" or "Market Structure (Low or High)", is identified as easily as extending and then pointing your 3 middle fingers either up or down; that is the sign of a perfect 3 bar reversal. You should take into account the 4th bar since it serves...
  19. T

    Esignal is complete garbage.

    Okay, it took a while to find it via google search, but here it is: esignal.com/executables/esignal_80r2.exe Take care, Tex
  20. T

    Esignal is complete garbage.

    7tvette, Just a bit more detail about the issues I experienced with ver10 that were quite consistent. Nothing fancy, just launching the product and changing between symbols and time frames for a few minutes would be enough to cause this issue. Right-click anywhere within the chart for the menu...
Back
Top