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T/A Trading Journal
- Thread starter Rashid_G.
- Start date
All indexes clear breaks of Loooong declining TL's. NQ "should" run into temporary trouble at upper TL. I remember ammo's 1777 price level also. Start of new uptrend so there should be plenty ahead to allow patience to wait for proper pullback and entry even if I have to wait till tomorrow/Monday.
Attachments
Sim Trading this week.
Morning Prep...
Wedges everywhere although still an uptrend. Not the same type of advance as we had last year. Volatility on this move much higher than the last 1740 to 1790 move which should mean a breakdown as wedges also indicate. Breaking and holding 1790 will change that IF it happens. Will also watch 1767 area as make or break for this current drive. Below that, back to 1756 area then who knows.
Game plan.. take any short signals above 1780-ish as close to 1790 as possible. take long signals as close to 1767 as possible.. take short signals under 1767..
Morning Prep...
Wedges everywhere although still an uptrend. Not the same type of advance as we had last year. Volatility on this move much higher than the last 1740 to 1790 move which should mean a breakdown as wedges also indicate. Breaking and holding 1790 will change that IF it happens. Will also watch 1767 area as make or break for this current drive. Below that, back to 1756 area then who knows.
Game plan.. take any short signals above 1780-ish as close to 1790 as possible. take long signals as close to 1767 as possible.. take short signals under 1767..
Attachments
Quote from codliver:
Food for thought:
Learn and use candlesticks
Use 20 simple moving average and never trade against it
Learn to recognize patterns using candles......head and shoulders
shooting stars
hammers
Individual Candlestick relationships while helpful are the least of my issues at this time. I never intentionally trade against the 20.
Quote from codliver:
No time frames shorter than 5 minute
Stop using too much information
All oscillators lockup overbought oversold on trend days or extended runs....become worthless use the 20 trendline
I prefer tick/volume charts. a 3200tick is sometimes slower that a 5 mins depending on activity.. point taken.. if you can't see it on a reasonably long time-frame, it may not be worth seeing.
I don't and haven't used oscillators is months.
Thanks for your comments.