The Price Action Journal 2

[Overnight]

Today's hindsight analysis, for those who might be interested. Let me know if I missed anything.

View attachment 294421

You missed the fact that you should get the hell out of the Sep contract right now, and switch to December. They are going to start the roll in two days.

Other than that? No, you missed nothing. It is doomed until the Fed pivots.

 

[Buy1Sell2]

This is how I would have seen the chart, nothing fancy.

View attachment 294299

This is after the fact?

 

[SunTrader]

Missed also (on purpose I'm sure, but don't know why) Globex session.

And ten out of fifteen bars long wick candles at high of session.

 

[schizo]

This is after the fact?

Hindsight analysis is usually considered after the fact.

Anyway, here's a real-time analysis, nothing fancy. In fact, simpler and cleaner the chart, the better (the outcome) IMO.

 

[Leob]

As time goes forward I like to examine the PA in the past candle shadow area.
Preferred in smaller TF.

 

[schizo]

How did you like that? Now that we've touched the upper channel, we just might retrace down to the lower channel. Let's see.

 

[SunTrader]

Looks like it will finish strong into the close. So maybe during Globex.

 

[SunTrader]

You missed the fact that you should get the hell out of the Sep contract right now, and switch to December. They are going to start the roll in two days.

Other than that? No, you missed nothing. It is doomed until the Fed pivots.

Yesterday's eMini volumes

Sept'22 2,294,895
Dec' 22 54,828

There's still time - 3rd Thursday of the month. Or IOW next week.

 

[schizo]

That pretty much sums up today's real-time analysis. Wasn't that beautiful? Went exactly as planned. Moreover, there's nothing fancy or complicated. Just simple price action is all you need.

 

[schizo]

Here's a hindsight analysis of today's price action. Since I've already touched on trendline/channel yesterday, I would like to do one on measured move. There are many variations for MM but this one should suffice. It wouldn't be this obvious in real time, but with enough practice, you should be able to see the patterns quickly.