The Price Action Journal

[SusanaDT]

Quote from TraderStavros:

Susana,

I too am a pure PA trader as well, I believe we share the same mentor...

I've attached my chart for today on the NQ. Green verticals are longs. (no shorts today)

TraderStavros,

Thank you for your chart, wish everyone did the same here, no fun in reading my own charts. I still got plenty to learn.

Ya Anek changes trader's lifes and he never charges a penny for his time, the guy is pure kindness.

Susana

 

[andrec]

Ok, will post my chart for the day. Also credit to Anek as mentor, pure S/R, including volume - (I know I know, no volume but just no energy to change it now )

 

[karsat]

Susana,
Definitely agree the knowledge and discipline our mentor educates and enforces is Priceless !!!

 

[jonbig04]

I just noticed this thread after I started my journal. Very cool.

 

[Specterx]

Quote from SusanaDT:

It's a process

- you get enthralled by indicators, and you lose.

- you think you got the wrong indicators, and you lose

- you think you don't know how to use them and you buy snake oil seminars, their indicators, etc, and you lose

- then you realize price action is the only thing that matters and become a student of it

- then you either quit or keep at it, until the losing fades and you finally get it

- then you become a student of price forever and ever

That's my story in a nutshell.

Susana

That sounds pretty much like my story. I'm delighted that there's a new journal on pure PA/SR trading; last week I decided to go back to fundamentals myself.

For those interested I suggest also checking out ESClown's (now abandoned) journal. Probably the best pure PA journal I've read on ET.

 

[Jayford]

here is one of mine. just pure volume and price stuff. Very very simple.

 

[cuz69]

Quote from SusanaDT:

It's a process

- you get enthralled by indicators, and you lose.

- you think you got the wrong indicators, and you lose

- you think you don't know how to use them and you buy snake oil seminars, their indicators, etc, and you lose

- then you realize price action is the only thing that matters and become a student of it

- then you either quit or keep at it, until the losing fades and you finally get it

- then you become a student of price forever and ever

That's my story in a nutshell.

Susana

Hi Susana,
Great thread! And Your Above Quote is Dead On!
They say less is more,and the more one can confuse themselves.

I trade equities, and I use candlesticks, but I like what I see.
I too use price action, as well as S/R, and pivot points(i.e. previous day/days highs and lows) Thats It!
I guess what I mean is (hypothetically of course) one could possibly do without a chart if they know previous price levels,on paper next to them.
One could see where the buyers/sellers come together.
I.E. PRICE ACTION!

Again nice thread.

 

[Anekdoten]

My contribution to the thread, more of the same really.

Anek

 

[Joab]

Hmmmmmmm

This seems more like a advertisement thread for Anek the Mentor then a legit journal.

Not that I have a problem with that, just that it should be above board.

Material "seems" very sound but I still don't like the pattern ruled entries.

 

[austinp]

Trading ER2 today was free money. Trading NQ would have been frustrating until the final hour. Trading ES was middle of the road, as usual.

The ES never traded in its lower half of the range all day, visible at a glance via "market emotion" (dynamic pivot) lines. Aggressively long = passively short was the clear bias. Once she broke above session highs in the final hour and flagged on prior resistance now presumed support, shorts were completely out of the question and longs were in vogue.