switching gears to Price Action via SLA

[gears]

You say you're not trading but you write as though you have trades in your head.

I'm honestly not thinking of trades while I've been replaying - specifically not today.

Can you trade without thinking about the trade? If not, you would likely backslide to a considerable extent.

Trade without thinking of the trade?

 

[dbphoenix]

I'm honestly not thinking of trades while I've been replaying - specifically not today.

I must have misinterpreted your reviews.

Trade without thinking of the trade?

It's key. If you can't follow and study and continuously evaluate price behavior without thinking about where you entered and how your trade is going and how much money you're making or losing, all that fear will come rushing back in and you'll be right back where you started. You must be able to re-enter after a premature exit and you must be able to reverse a position if you find yourself on the wrong side. You won't be able to do that if you're thinking about the money. If you're not ready for this, just keep on observing.

 

[gears]

I misunderstood.

At this time, I am not able to trade without thinking about the context of my entry. And it sucks to be so focused on that. My thoughts are that it's due to my entries not being at optimal points - which is why I'm looking more to S/R areas.

 

[dbphoenix]

I misunderstood.

At this time, I am not able to trade without thinking about the context of my entry. And it sucks to be so focused on that. My thoughts are that it's due to my entries not being at optimal points - which is why I'm looking more to S/R areas.

Well, again, maybe it's time to start following somebody at TL. You need to shock yourself somehow in order to move on to the next step.

 

[fortydraws]

Maybe, gears, it might help if you were to look at something else for a bit? Do you have access to replay on individual stocks? You know, maybe watch something that you have no intention of trading, where the price scale can mean little to you. Where you have no idea as to the character of the market for that stock. Where you would not even be tempted to trade it because you really have no idea what is going on. YY, for example, is at a spot that might lead to a few days of interesting observations, and CYBR is another that has had lots of movement that likely has a few days of interesting behavior left in it. If you think this might be a useful exercise, I would suggest not following a stock that is highly correlated with the movement of the NQ. I would also suggest that you not pick another futures market. IMO, pick a stock to watch. Watch it for a few days. Maybe then pick another - just nothing from the Nasdaq 100. Maybe the experience would prove just strange enough to you to make you remember what it felt like to be young again

 

[dbphoenix]

Now why didn't I think of that?

 

[gears]

Unfortunately I only have access to futures data through my data provider.

 

[fortydraws]

freestockcharts.com

You can't do replay, but you can watch in real time. A chart is a chart. The only problem with using the free data rather than the paid real time is that since the free is BATS only, lower float stocks might look like they are sitting there for an hour without a trade when in fact it is a dollar higher than it is showing.

 

[theapprentice]

There's probably a few brokers who give you real time stock data and a nice platform for a few weeks if you open a demo account with them.
I'll send you a link that I used a while ago that may (or may not) suffice

 

[dbphoenix]

If I may tweak this suggestion, it might help to find a stock that's mean-reverting. This would likely mean one that is heavily traded, but if you choose it from the SPX rather than the NDX, e.g., something financial, you should be okay in re your experiment.