Price Action Journal V1.5

Great posts veggen, you are well on your way.

I also want to take the time to mention that Jack is exactly right and that may be the easiest to understand post he has ever made. Take the time to soak in what he said. Dont worry about exits. Dont worry about being wrong. Find out how to anticipate when you are going to be on the wrong side and act.
 
Quote from Specterx:

Even if you hadn't seen the triangle, just look for the breakout from consolidation, then enter on a pullback in that direction. Here there was an LL, at which point you should look to enter on the LH.
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Here are the illustrations
 

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Quote from trackstar:

Great posts veggen, you are well on your way.

I also want to take the time to mention that Jack is exactly right and that may be the easiest to understand post he has ever made. Take the time to soak in what he said. Dont worry about exits. Dont worry about being wrong. Find out how to anticipate when you are going to be on the wrong side and act.
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Thanks. Easy to point out plays in hindsight, very hard in live play! :p

I belive you when you say that his post is easy to understand, it is just that my english is not very good :(

So he ment that if you see you have made a wrong call, or that the market just does something unexpected (like that triangle break out - failure) act accordingly - take profits or reverse position?

thanks

veggen
 
Quote from veggen:

Here are the illustrations
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Maybe I should point out that I ofcourse meant 50 % retracement from last high. But everybody probably understood that is what I was refering to. :p
 
to further analyze my trades, I made a trade log that records trades and the type of mistakes one could make... feel free to let me know if its helpful..

JW
 

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Quote from jfw215:

to further analyze my trades, I made a trade log that records trades and the type of mistakes one could make... feel free to let me know if its helpful..

JW
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do you need microsoft excel to open that file?
 
Veggen,

Thanks for your posts... from your first chart. I definitely should have taken the long and the double top short.

The flip of support to resistance is a great play... shows real nice on the 2500vol.

The triangles a little advanced for me, I tend to buy on the fake out... the failed triangle is great but I don't think i can recognize it in real time yet. I'll do my best to improve.

The last chart u posted was awesome. I didn't even see that in hindsight. but I guess the lower highs are enough to get in... don't know if i have time to do the fib analysis in real time.

I use 5 sec chart w. volume for entry. Also recently been working on some confluence indicators but its still not as good as PA.

Thanks again for your help :)

JW
 
Quote from jfw215:

Yes, its in Excel format... do you need a copy?
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Thanks for offering! :) But I do have the program, just haven't installed it yet. Will do tomorrow, than I will check out your file!
 
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