boru's price action journal

A. I expected price to continue its decline,(lesson learned trade what you see not what you think!.) I still have no idea why it stopped falling at 48 but that lead me to...

B. A RET in a downtrend stopped out

C. Price makes a HH followed by RET and long at 59.75 (only in my mind ) but I did see it unfold just as I was taught.

D. I had redrawn the DL to tight and was looking to sell the RET at 10:05, this obviously was wrong reentry was at 10:09 or even 10:13

E. profits could have been taken on a break of the DL . this was followed by a HL and RET to go long at 10:39

I seem to be seeing price move more clearly and without an impulse to jump in and make a trade. However now I'm finding myself hesitating when its clear what I should be doing.

Replay seems to have helped me more than anything, I slowed the speed down to regular speed so I will continue with that. I have also started keeping records, along with a printed chart so I can review both the notes and the chart later at night before I sleep.
 
The daily trend channel shows the price trading as high as 3795 as low as 3623 and the mean at 3714. 3720 is the overnight low (at the time of this post), and 3724 is the mp of both the TR on the 4 hr chart and the mp of the hinge on the 60 min chart. Anyway you look at it there's indecision and pent up energy.

Aggressive traders will trade the BO of the 60 min hinge, more conservative traders will wait for 3741.50 or 3707.25.
 
well price traded above the highs reaching 3757.50 TC on the daily indicates price possibly reaching 3802 the mean at 3719 and LL at 3628. On the 60 min price is trending higher with support at 3739

This was a somewhat rushed prep as I have to leave soon, will check back later tonight, good trading all
 
Price has traded in a range since the 8th with 93 as MP. conservative traders will wait for the edges 05 and 83 while more aggressive traders can find trades on the 1 min chart. Price has turned at the MP 93 a few times this week, as I post this, I see it dropping through it, a test of the lows may happen. To sum up my areas of interest today are 83,93, and 05.
 
Today marks the first day since 8-8 that the nq has made a LL on the daily chart, the 60 min chart shows signs of possibly rolling over. 3952 is the MP of the advance, if price trades below 4054-4056 then lower prices seem possible. I have 3982 as the lower TC line on the daily. 8-28 daily.jpg 8-28 60 min.jpg 8-28 daily.jpg
 
Well so much for price trading lower yesterday, I know I haven't posted much since June but there were some things I had to work on and one of them was trade what you see not what you think, I thought I was getting better but apparently not. I see we now have made a LL on the 60 so I will be alert for short trades in the immediate future. good trading today
 

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1.went short @9:38 exited on fast ret
2.short @9:44 intentionally took profits at low of 9:41 bar this is what I've been struggling with for 2 months, especially as it made a LL.
3. 9:48 while I'm holding the mouse thinking get short I can see LL on the 8:59 bar while I'm thinking, price drops oppt gone
4. 70 was the MP of the 54-86 range and price consolidated there, never got the RET to short
5.this is what I've been working on lately "trade price not what you think". I thought price would drop to the 54 level as I couldn't see any reason for it not to. Even when price broke the SL I waited for the MP.....blah blah blah, lesson is trade price not what I think!
6. these were live trades and while I didn't trade well I stayed fairly balanced emotionally which is a big step up for me, I still need to work on my focus and execution. have a good weekend
 

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