There's always a trend on some timeframe. There were a number of trades today that were good for 5-10 ES points. Lately you don't get these situations where ES runs straight up for the whole day for a 100-point range, but those are rare in the grand scheme of things. Personally I'm increasingly trading on multiple timeframes to catch those bigger swings, which nowadays are taking longer to evolve, while for the most part my intraday trades are coming to resemble scalps more than the grand slams one might've gone for in the past.
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Price Action Journal V1.5
- Thread starter TraderKaizen
- Start date
Does anyone know where can I find Stealth Trader's document that explains his method of trading price action? Thanks.
Quote from Floyd Roberts:
Does anyone know where can I find Stealth Trader's document that explains his method of trading price action? Thanks.
All I got is this picture explaining the 3BR according to Stealth. I hope it helps.
Anyone got the ninjascript EXACT code that Anek used in his last chart at Elitetrader?. I'm still looking for it.
shakira.
Attachments
Anek posted this chart and analysis of yesterday's action.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2163524
shakira
http://www.elitetrader.com/vb/attachment.php?s=&postid=2163524
shakira
Quote from jfw215:
Flaborderie,
Posting here has definitely helped me become more engaged and I think you'll find the same. I got one more week of work before going full time so I'll be posting a bit more next week. I had trouble spotting your entries, it looked like you came up for the day no?
JW
I find also Ninja charts difficult to read when it comes to entry and exits. Not as clear as with TS.
I draw a vertical line for the entries, a green for long, and a red for short.
The exact entry/exit point is indicated by the little blue arrows.
The day was a small loss.
This is my yesterday's chart.
Small gain.
I found it difficult to get filled in the down trend. I waited for a retracement but there was none.
The funny thing is that before the trading session, I did some sim trading on a similar type of day (Nov 2) and came to the conclusion that it is better to wait for a retracement to previous suport.
In any case I find it difficult to sell on a break out at LOD. For me its like jumping into dark water.
The short trade was not easy to take. I had to think.
It was a DB against the trend, and then a DT with the trend. I chose the strongest side using anchor. Had it failed I would have reversed, the DB becoming valid.
I did not trade live yesterday due to the election.
Now, lets have a good trading day.
Small gain.
I found it difficult to get filled in the down trend. I waited for a retracement but there was none.
The funny thing is that before the trading session, I did some sim trading on a similar type of day (Nov 2) and came to the conclusion that it is better to wait for a retracement to previous suport.
In any case I find it difficult to sell on a break out at LOD. For me its like jumping into dark water.
The short trade was not easy to take. I had to think.
It was a DB against the trend, and then a DT with the trend. I chose the strongest side using anchor. Had it failed I would have reversed, the DB becoming valid.
I did not trade live yesterday due to the election.
Now, lets have a good trading day.
Attachments
Quote from shakira:
Anek posted this chart and analysis of yesterday's action.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2163524
shakira
Not to be critical and I enjoy his charts, but it doesn't list his trades. Am I correct on this?
Thanks,