Search results

  1. M

    Trading the CL (price action)

    How it unfolded. 1. Price opens and rejects the premarket MP and breaks opening S/R. Buyers step up but are quickly pushed down by sellers. Buyer/Seller flip. We initiate a short though we expect this is to be short-lived as the intraday trend is up. 2. Buying activity and the line is broken...
  2. M

    Trading the CL (price action)

    Oct 3 Premarket Hourly. Dropped out of the channel and at previous S. 15m. Broke its stride. 5m. Potential S at the bottom and almost definite R at the top.
  3. M

    Trading the CL (price action)

    Yeah hourly's not great, but I'm quite comfortable trading ranges, and the intraday (15m) was trending slightly up. What's ROC? I trade the EU mostly because of where I live, so don't really have much choice there.
  4. M

    Trading the CL (price action)

    Previous post should have read Oct 2 premarket... How it unfolded. Price opens and immediately forms an upper level right where the ONH is. 1. Buyers make an attempt to rally but sellers step in and reject the previous swing with buying activity. Swing flip. We enter short here. Price falls...
  5. M

    Trading the CL (price action)

    Sep 2 premarket Daily. Trying to accelerate. Hourly. Broke the downward stride but a bit meh. No real force behind it. 15m. Potential S is PDL, potential R at the hourly top previous day 5m. Ranging.
  6. M

    Trading the CL (price action)

    hey. Yes MP means mid point, though I don’t use the typical MP that most people do, which is the 50% RET of the dominant side. I use the the MP of the weaker side, I’ve found that CL will often bounce there for a continuation of the trend. I start measuring them when substantial S/R develops...
  7. M

    Trading the CL (price action)

    How it unfolded Traders reject opening S and the box MP and push through R (green dashed). Selling here and price retests opening S. Buyers step in. So far so good, looks like a bullish movement is developing and a swing forms. Selling at the MP. This causes price to make a lower low and...
  8. M

    Trading the CL (price action)

    Sep 29 EU Premarket Hourly. Retesting the breakout area. Critical to see what price does here. 15m. Stride kinda broken but not in a decisive way. 5m. Price is bouncing between the premarket range MP and the 15m MP. Getting on a plane, will post the rest later.
  9. M

    Trading the CL (price action)

    As maxinger kindly pointed out, we were missing Sep26 Sep 26 US premarket Hourly. We've breached the chop zone and even without follow through the chances are high that a rebound here will reverse at the chop area MP because this hasn't proven itself to be a trading range yet. 15m. The...
  10. M

    Trading the CL (price action)

    Ah, I forgot to upload that day. I'll do that after this. Sep 28 EU 1. Traders reject the last high formed premarket, putting us temporarily in a possible chop zone. A quick dip down into the box edge and rally up to the box MP. 2. Another rejection here. Traders seem to want to go down. 3...
  11. M

    Trading the CL (price action)

    Sep 28 Premarket Hourly. Straight shot through R. What goes up most come down, at least a little bit. 15m. Same story. 5m. Two ranges visible here. S and the MPs may be interesting areas for upside continuation. ONH should be watched for an hourly top/bottom to form, as this is where it...
  12. M

    Trading the CL (price action)

    Sep 25 US premarket. Not much change from the EU aside from moving the ONHL points and price forming a 5m trend. The defining characteristic here is that we're at the MP of the hourly range and price has formed a box in this area so this is an interesting area to watch during the US open as it...
  13. M

    Trading the CL (price action)

    Sep 25 EU Premarket. Weekly: unchanged. Daily: had a bit of a retrace but still bullish. If it re-enters the channel then we could see it fall until the MP of the channel which is about 85-87, depending on when that happens. Hourly: A bit more interesting here. Price refused to drop below...
  14. M

    Trading the CL (price action)

    Sep 22 US Premarket Hourly working its way to PDH to continue the upward swing.15m forming a range at the previous swing point that started the retracement yesterday. Broke out of the downward swing during the EU session. How it unfolded. Price opens at the highs so even though all the...
  15. M

    Trading the CL (price action)

    Thought I would do start this journal. Been away for a while journaling on a discord server but it would be good to get some interaction from "pure" price action traders. It's a bit of a longshot but perhaps DB or fortydraws or some of the other guys could comment. Will be posting some of the...
  16. M

    Looking for 40draws and Gringo

    Thanks guys. I’ve reread those threads several times, I wanted to get in touch with them because I had some specific questions that I can’t find answers to.
  17. M

    Looking for 40draws and Gringo

    I'm a futures trader using Wyckoff's method and DBPhoenix's interpretation of it. Looking to connect with 40draws and Gringo if anyone can help out. Doesn't seem like they're active on the forums anymore.
Back
Top