boru's price action journal

Great job, but don't let today give you a false sense of confidence, once you are able to hold your horses and eagerness to take profits on a trend day the next step is to be able to keep them from running away with your hard earned money in the chop. But lets enjoy the rest of the day and worry about that tomorrow. :) .
 
I was using the midpoint of the shaded area as resistance when it occurred to me I'm not sure if this qualifies as a TR? the edges are somewhat irregular not clean?
 

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after todays trading and further study it would be safe to disregard post #22, after some research I found the info I needed, also learned not to post when your tired lol.
I am going away for the weekend will post later
 
I apologize for not posting sooner am fighting the flu
 

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boru said:
I apologize for not posting sooner am fighting the flu
More...

No excuse. :)

Excellent observation on your second chart. You're making better observations with the flu than others who are perfectly healthy.
 
sat on the sidelines for the most part today, didn't feel mentally sharp, there were some good observations in the chat
 

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not sure if I'm trying to do to much at one time. I wanted to stick exclusively to SLA but many in the chat are using trend channels and I want to make sure (if I am going to use them) I use them correctly. In the first chart my original understanding was since price had traded below the lower channel it was OS giving me a Bullish bias, the conflict came when applying SLA price had made a LL and a LH (granted the LL wasn't by much) . my question is does one take precedence over the other? The first chart shows my analysis early this am and the 2nd chart is later in the evening
 

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the comments on the 2nd chart, it seems price is trading in a range the DT on the daily is giving pause to the bulls, price however is not falling yet even tho it is below the bottom trend channel
 
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