Price Action Journal V1.5

[greddy]

EMC trader had some posts while ago regarding
use of volume ratio indicator on volume charts.

The use of terms such as "patient sellers" and
"patient buyers" were very confusing, however.
Overall, pretty good analysis on use of the volume ratio.

Not sure if the volume ratio is as good as
just plotting volume on a 1 minute chart.

 

[flaborderie]

5 trades and only one winner,
but small losing day

Enjoy, and learn from my mistakes.

 

[jfw215]

Quote from veggen:

Here is that same pattern in a 1 min chart with volume.

Veggen,

Great post comparing vol chart and time chart. I was wondering how do we tell weaker volume on a double top on the second wave, your comparison of the vol chart and time chart did it for me.

Awesome.

JW

 

[stoneface]

Did not enjoy trading today. Did not catch the right shorts. The day is worth looking at as a very good example of a Dragon.

The middle swing nearly broke the downtrend line at ~13:39 EST. "Legs" of dragon were nearly a double bottom. Break of downtrendline around 3pm EST was dramatic given the slow momentum from the rest of the day.

 

[stoneface]

Where have all the PA traders gone?

 

[Sniemiec]

To the AHG site...

 

[Holt]

Can you kindly give us the link to the AHG Site? Thanks.

 

[trackstar]

Good to see you doing well stone. I am in love with this market. Did 10% on my account in the last 3 days last week.

 

[Floyd Roberts]

Where is everyone at? Why doesn't anyone post messages anymore?

 

[FortuneTeller]

Quote from Floyd Roberts:

Where is everyone at? Why doesn't anyone post messages anymore?

It has been deemed by the Holy Anek to not communicate with the lowly ET'ers or you will be banished by him forever and forever more. So be it. Hail King Anek! Hail King Anek!