The Price Action Journal 2

2 Sep 2022.
'simplified' analysis on the earlier posting.

I said simplified as we must focus on the bigger picture too
(forest for the tree / tree for the forest thing).

Tunnel vision analysis mostly wouldn't work.


upload_2022-9-6_10-38-39.png
 
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STOP WITH THE HINDSIGHT BS! WHERE IS THE MARKET GOING TOMORROW, BASED ON THE GARBAGE REGION?!? Hell if they will ever know, because ES is trading in the 3950 range currently.

TA traders make me feel bilious.
 
This looks a lot like supply & demand zones done wrong. If you would just use supply & demand, it would be very close to your lines but fit better to the actual price action.
 
Overnight said:
STOP WITH THE HINDSIGHT BS! WHERE IS THE MARKET GOING TOMORROW, BASED ON THE GARBAGE REGION?!? Hell if they will ever know, because ES is trading in the 3950 range currently.

TA traders make me feel bilious.
More...

too bad for you.

You don't know where is the garbage region.

You need to be at the computer screen and be alert to
price movement to determine when / where is the garbage region.

always do hindsight analysis every now and then.
That will sharpen your trading skills.


The above garbage region is sooo obvious / clear even a blind
can see it.
If a trader takes too long to determine the garbage region,
he wouldn't make it as a day trader.
 
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maxinger said:
too bad for you.

You don't know where is the garbage region.

You need to be at the computer screen and be alert to
price movement to determine when / where is the garbage region.

always do hindsight analysis every now and then.
That will sharpen our trading skills.


The above garbage region is sooo obvious / clear even a blind
can see it.
If a trader takes too long to determine the garbage region,
he wouldn't make it.
More...

OMG I am buckling over in pain. Do you know what the current price of ES is as of this time stamp? It is 70 points below your garbage region. Did you make any money on this garbage region, by seeing with your TA that suddenly the market would drop 70 points?
 
Overnight said:
OMG I am buckling over in pain. Do you know what the current price of ES is as of this time stamp? It is 70 points below your garbage region. Did you make any money on this garbage region, by seeing with your TA that suddenly the market would drop 70 points?
More...

Here's what a real life trading screen looks like. This is on sim, but it shows how BS cannot overcome the real...

meslowformaxinger.JPG
 
M.W. said:
What exact price levels would this translate into and what would you do if prices reached those levels? Would you long or short at resistance and support? Unless you had well defined signals they would be meaningless.
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Must I repeat myself again?

schizo said:
As such, were we to cross above the trendline, there's a high probability we will revisit the resistance line at 1.
More...
 
schizo said:
Look, I've created this journal to exchange ideas regarding PA. It's not a pissing contest to see who is better or not.
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?
Then why are you posting charts from two weeks ago? Why not post TONIGHT'S chart? UGGG!
 
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