Journal XburbX - My Plan
- Thread starter xburbx
- Start date
2 losers and a BE today. plan followed. the two losers ran in my favor after getting stopped out. no big deal. it happens.
I am going to wait for 15 more min as I have a couple possible trades setting up. if they don't come in to play, i will be out early.
User errors were none today on the platform.
I am going to wait for 15 more min as I have a couple possible trades setting up. if they don't come in to play, i will be out early.
User errors were none today on the platform.
EOD short on WMS. We'll see. Hell or high water I am done at 3:50 or stopped out.
I have been following another recent thread on here that has some great posts in it. It made me think of something. TA = technical analysis. I think it should be PTI. PTI=personal technical interpretation.
I have been following another recent thread on here that has some great posts in it. It made me think of something. TA = technical analysis. I think it should be PTI. PTI=personal technical interpretation.
RN,
I have attached a chart with intra-day support and resistance I identified, though it's on a 1 minute chart the TF doesn't matter. Red lines are support, white lines are resistance.
Aside from from the trend (as I am only looking 1-2 bars forward on any TF), if we are playing the odds, there seems several ways of playing these - fading when price moves thru the initial level, or catching price near the most recent swing in anticipation of a return to the level.
The reason for the initial level, OHLC, on whatever TF, happens for a reason and it seems to be a focal point in directing the flow of money (eventually) on that given TF though it is still part of the big and bigger picture so anything can happen.
I have attached a chart with intra-day support and resistance I identified, though it's on a 1 minute chart the TF doesn't matter. Red lines are support, white lines are resistance.
Aside from from the trend (as I am only looking 1-2 bars forward on any TF), if we are playing the odds, there seems several ways of playing these - fading when price moves thru the initial level, or catching price near the most recent swing in anticipation of a return to the level.
The reason for the initial level, OHLC, on whatever TF, happens for a reason and it seems to be a focal point in directing the flow of money (eventually) on that given TF though it is still part of the big and bigger picture so anything can happen.