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    Trading NQ via Price Action

    I'd suggest replaying the day using SLA mechanically exactly as DB wrote it and then compare even that to what you are doing now and see what happens. While in replay pause it take notes and think what do I need to see to exit? What do I need to see to hold on? Where are we in relation to...
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    Trading NQ via Price Action

    I am forward testing right now. Seeing nice results. I am just about finished with 2013. 2014 I've simmed already and know what happened those days so I used that to back test. I continue to forward test current days in the morning. Psychologically what I found helped me was not posting...
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    Trading NQ via Price Action

    This doesn't happen everyday but just an example for easier illustrative purposes.
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    Trading NQ via Price Action

    Not sure if you're still following the SLA but a few things that have helped me in understanding price movement is adding in the 50% area and realizing that to catch the bigger trending days you will have to without a doubt sit through waves of price movement that come back towards your entry...
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    Ghost of If You Can Draw A Straight Line

    Hey DB I have a question. I want to research/test a few things/study and drive all of these principles we have all discussed home. I would like to do this through replay and not a backtest. I want to treat this almost like I am back in college. I have found some actions that throw me...
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    Ghost of If You Can Draw A Straight Line

    So if we used SLA and the ticker observing changes in supply and demand, price rejections, hesitations etc as the what, AMT as the where, what do we do about the why? Or what is the why? As soon as I start thinking about the why that's where I get screwed up. Is it something like price...
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    NQ - Supply & Demand

    and don't forget these questions. What are they trying to achieve? Where are they doing it? Why are they doing it? What's in their way?
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    Wyckoff's Monster

    That's good stuff. I posted sort of a template in my thread on what I plan on following in order to try to do what you describe if you want to take a look at it and critique it.
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    NQ - Supply & Demand

    Created a prep work template if anyone wants to critique it. Prep Work: 8:00am - 9:00am 1. Currently what is the current day high, low, and mean? What has happened overnight? Have any ranges formed? Hinges? How have we moved overnight? 2. What is the prior day high, low, mean? Using a...
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    Ghost of If You Can Draw A Straight Line

    That's a very powerful visual. Thank you for that.
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    NQ - Supply & Demand

    Prep Work: Right now we sit at 3514 and heading towards 3524/25. Above 24s I don't see much in the way in terms of getting to the top of the TC which have at around 50, maybe 3536 as a hesitation point. If we reverse from 3524 we may return to the mean of an afternoon range of yesterday...
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    Ghost of If You Can Draw A Straight Line

    I am starting to really see now how context and prep are so crucial in the decision making process. I'd like to post a replay chart if I may and if it is not warranted it can be ignored but... I was attempting to trade this just reading price and not thinking in terms of bars or...
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    Ghost of If You Can Draw A Straight Line

    Given where we are right now 3490. We came back toward the mean after hitting the lower limit of the TC. Maybe it's time to see what's going on near the top, but we'll soon find out.
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    Ghost of If You Can Draw A Straight Line

    so just to keep it stupidly simple. No interest up traders look down. No interest down traders look up.
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    Ghost of If You Can Draw A Straight Line

    or is it instead of rapid interest by short sellers, is it more along the lines of because of no interest higher sellers rapidly lowered the price.
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    Ghost of If You Can Draw A Straight Line

    See that's a great question and I was going to ask that before what's the difference between a rejection vs. price just not going higher or lower without a "faster reaction." Hmm I want to say something along the lines of supply overcame demand or there was greater interest by sellers and they...
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    Ghost of If You Can Draw A Straight Line

    not sure if I fully understand the question. If you mean the mean of the range btw 04 and 13 I would say that the drop out of the range was a test to see if traders were interested in those prices. At that moment traders couldn't find trades lower so price returned to the mean to find trades...
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    Ghost of If You Can Draw A Straight Line

    rejection of the midpoint and a lower high.
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    Ghost of If You Can Draw A Straight Line

    So in essence take yesterday for example without being at the bottom of the TC if someone had the idea to exit or even go long you would have to ask yourself why? And if lets say one did take a long you'd have to ask well where do you think this long is really going to go in relation to all the...
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    Ghost of If You Can Draw A Straight Line

    Awesome thanks. I tried using the journal post as well for guidance. I will add this as well.
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