Feedback appreciated. My Journal Begins...

[jsmacksem]

Chart attached for above...

 

[jsmacksem]

Few random thoughts





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You want to memorialize trading…, or be a fuckin trader


Get over demand / supply…, demand lines / supply lines – those are the “potential” whys

We haven't the time to think about the whys..., till after hours

Also..., Get over the ”suggesting” traders are seeking anything - BS

Nobody knows what the hell other traders are suggesting…, for that matter most traders don’t what the hell they are suggesting..., much less thinking



Leave that shit to the gurus


This about the what’s.., where’s.., and when’s

What’s price doing

What am I doing in relation to that

Where will I get in

Where does this trade signal cease being valid (breakdown)

Where will I get out (loss or profit)

When will I be doing this

Is the risk I must take - worth this trade's potential reward



RN

I understand what you're saying.

Does PA not concern itself with trader behavior though? For some reason, I thought I should try to understand behavior behind the bars. If that's not the case, it sure means I can stop doing that and thanks.

Saves brain power.

Your questions at the end, I hope I was able to answer in the above reply.

 

[jsmacksem]

Few random thoughts



Next

Go long, possibly on a three bar reversal pattern.


This sentence.., hence thinking – change it

It comes off as the signal is a foregone conclusion

Again…, once the signal know – the trade opportunity is long gone (leads to chasing that trade…, which increases risk…, while also reducing the “potential” reward)


There always must be supporting PA – for whatever potential signal you’re seeking out

It is that PA – that ultimately creates the signal…,

And it is that very same PA that we must be able to pick up on – and trade - real time


Your sentence…, hence thinking should go like this;

Possibly go long – on a potential 3 bar pattern

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Takes an incredible amount of focus to trade – more than you can even imagine right now

Which is one…, of the reasons - we can’t be concerned with the useless “whys”

We’ve got to stay focused on what…, where…, when

And we must keep our thinking in the present (get behind PA - you're screwed..., get ahead of PA - you're screwed)


Having said all this…, you are certainly free to choose your path

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Final thought;

Please seek out and welcome other trader's input - as this is ultimately how you'll piecemeal you approach together

It is exactly how most of us have done it


Unfortunately - the mental side - will still be all you



Better setups do not singularly lead to better results - they lead to clearer thinking

Clearer thinking is a catalyst to better results

Better results also require a trader whose able to consistently..., repeatedly..., and objectively - execute


RN

Good pick up. It is always potential 3 BR. It's not known until after the fact.

I've been seeking out traders. Many have not PMed me back, or simply have their PM's "OFF", suggesting they don't want to be reached.

I look at many journals. Slugars and NoDoji's to name a few. Oh and kp's. I even tried looking up something local here in PA where I could learn in person. Haven't found much yet. I feel I'm piecemealing things together too.

 

[jsmacksem]

One additional thought

Please don't confuse supply / demand..., with S&R

When you see S or R forming / being respected - trade it

RN

Are these the potential S R zones you refer to in slugar's journal? A zone of sorts where price hangs out for a while and PA will let the trader know whether is S or R?

 

[Turveyd]

Are these the potential S R zones you refer to in slugar's journal? A zone of sorts where price hangs out for a while and PA will let the trader know whether is S or R?

My take is, if price is being supported /bought then 2 options.

1 get in near the low hope the buyers out demand the supply, with a tight SL

2 jump on the break out either way.

Generally a fake blip this will very you on the wrong side or hit a tight SL before reversing.

 

[jsmacksem]

I've been hit by the fake blip many of times.

In a B/O, I think waiting for another test of the possible S/R will show PA's direction. Possibly a DT or DB.

 

[Redneck]

Ok. What you said in bold, I'm interpreting as, signals fail.


Either outcome is acceptable.

How to trade the signal, and if it fails, accept it.

Don't concern myself with the failures, failed failures, failed failures of a failure.

It happens. Take the small loss, move on.

I will limit myself to only one for now.

Those are 3 signals

Right now.., and to bring clarity of thought..., hence action

1 set up

It either works.., or breaks down

I will limit myself to only one for now.

Please


RN

 

[Redneck]

I understand what you're saying.

Does PA not concern itself with trader behavior though? For some reason, I thought I should try to understand behavior behind the bars. If that's not the case, it sure means I can stop doing that and thanks.

Saves brain power.

Your questions at the end, I hope I was able to answer in the above reply.

Get use to uncertainty

Get use to not knowing - none of us do - till after the fact

Studying PA is fine.., and necessary


PA is price behavior - not trader behavior - it could be 1 trader causing price to move..., or it could be many - we don't know.., nor care

RN

 

[Redneck]

Are these the potential S R zones you refer to in slugar's journal? A zone

Yes..., that is how Slugar sees S&R (for the most part)..., so that is what he and I talked about

Jas sees S&R a little differently

And I see S&R a little differently than either of them

A zone of sorts where price hangs out for a while and PA will let the trader know whether is S or R?

The real question - How do you define S&R


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None of us will ever trade alike - we must create our own way


RN

 

[Redneck]

G
I've been seeking out traders. Many have not PMed me back, or simply have their PM's "OFF", suggesting they don't want to be reached.

I look at many journals. Slugars and NoDoji's to name a few. Oh and kp's. I even tried looking up something local here in PA where I could learn in person. Haven't found much yet. I feel I'm piecemealing things together too.

Patience - show them you're serious - via your actions...., not words

I imaging some will drop by

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You'll also need to filter out the good..., from the BS

And no..., for the most part I won't be guiding you on which..., is which - you need to figure it out


We are all different..., we all see things differently..., we all trade differently

If what you comes across helps you - no matter the source - then it obviously is not BS

If what you come across does not help you - no matter the source - then it is obviously not necessary


RN