Price Action Journal V1.5

Quote from flaborderie:

One last thing,
I would like to have your opinion on this PA :
Instead of the tape that I don't know how to read, I have a very fast chart with volumes transactions at bid or ask.
In the attached picture you will see big buying volume, and price falling.
Usually its the contrary.
Does it make sense to you ?

Thanks for your comments.

And now lets have a good trading day.
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I don't have an answer but would be interested in hearing someone else's opinion.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2165470
 
Quote from jmonday:

that's insane......85 trades?

guess he scrapped AHG and is scalping hardcore now....
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I don't think so. The high number of trades is probably the result of quickly adding to winners and/or money management tactical moves.

I couldn't tell for sure, just a best guess.

Still looking for the ninjascript for the 16a chart. If I get it or get someone to write it, I will post it.

Shakira
 
Anytime you execute 1 or more contracts its counting it as a trade. He is being dynamic with his entries and exits. He didnt really have near that many "trades".
 
Quote from trackstar:

Anytime you execute 1 or more contracts its counting it as a trade. He is being dynamic with his entries and exits. He didnt really have near that many "trades".
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True although he did say that he 'scalped' for the day due to the nature of price-action on Friday.
 
Quote from BuyYourFreedom:

I don't have an answer but would be interested in hearing someone else's opinion.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2165470
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Are we sure that green means volume at the ask?

If so then imo that suggests that buyers weren't letting their bids get filled (buyers pulling their orders rather than heavy selling coming in). Would-be sellers followed price down with big orders sitting at the offer, and on the way down you had some big buy orders - but either they weren't big enough to break the offer, or more sellers piled in at the ask.

Either way a strange thing to see.
 
Quote from trendo:

Amazing stats. Over 91% winners. Average win 3 times greater than average loss.

Anek,

Please take us through the play by play of a few of your scalps.

Thanks
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If you were trading friday you would know where he was scalping. Before Obama spoke the market was making a larger and larger triangle. He was scalping to the upside given that there was a bullish bias in the morning. He was buying off support and selling in the upper end of the triangle.
 
Quote from Specterx:

Are we sure that green means volume at the ask?

If so then imo that suggests that buyers weren't letting their bids get filled (buyers pulling their orders rather than heavy selling coming in). Would-be sellers followed price down with big orders sitting at the offer, and on the way down you had some big buy orders - but either they weren't big enough to break the offer, or more sellers piled in at the ask.

Either way a strange thing to see.
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Thks for your input.

The green bar is the volume actually exchanged at the Ask.

Yes this was very strange.
I am wondering if this indicator is usefull.
It would be probably more interesting to have an idea of the volume exchanged above/below ask or bid. Or when tick volume = bid or ask size.
 
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