NQ - Supply & Demand

[eminiman414]

What would you suggest I do to keep it as simple as possible?

 

[dbphoenix]

Use only as much as you need to make a decision. As you become more comfortable with all of it, you'll need less and less.

 

[niko]

.... say it sometimes out loud, sometimes in my head. It may sound weird but it has been helping a lot.

I have done the same, and it brings something more into the mix. I guess the more senses you get involved the better. Someone one suggested electric shocks for not following the plan , that would add another sense as well.

 

[niko]

What would you suggest I do to keep it as simple as possible?

I look at this issue in the following way. I see TCs everywhere most form after the second RET in the 1 min, that doesn't mean I am gonna try to short the top of that nano TC everytime I "see" it, but it works as a way to remind me that the trend is losing momentum and "stabilizing", but most important, NOT ENDING, so I am not anxious about price making deep RETs as I usually was and that helps me to stay in trend longer even if the advance is tortuous.

 

[eminiman414]

My view for tomorrow.

 

[dbphoenix]

My view for tomorrow.

The lower limit of your longer-term TC is too low. See my chart.

 

[eminiman414]

Good stuff thanks. Not to get too caught up in the drawing of lines but if there is price rejection the prices of interest would be higher than the lowest point of the rejection? As in the difference from where you drew your TC vs. mine?

 

[dbphoenix]

If you go back to the beginning of the trend in June, you'll find that the lower limit cuts through the bottom of the last test. This doesn't necessarily matter when you're looking at a year, but it can matter if you're looking at only a few days and assign special significance to that line.

 

[eminiman414]

Only two trades today. Waited for price to exit the hinge but by the time it did I had enough. Under the weather the past few days couldn't stay focused.

 

[eminiman414]

As an update. Went through another observation phase, definitely the best one yet. My plan now is to mechanically use the SLA approach and while doing so seeing what tweaks I may actually be interested in. Mainly these would include SAR, 50% areas, and re-entries which going through the observation phase I can 100% see where adding these into the strategy can be of great use. As far as AMT goes I will use the SLA to and from these areas and when price does get to a level dictated by AMT pay close attention to how price behaves.

As for posting a foresight chart for tomorrow, that has already been established in the ghost thread.