The Price Action Journal

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Susana,

Thanks for your charts, they must be a lot of work to create.

I hope it's not an inappropriate question, I notice you do not scale out, are you trading 1 contract or that's your preference.

Do you trade everyday ?

Thank you again.

Daniel
 
Hi susana
sorry if this question seems foolish but the bottom line in your chart, the "confuential support" what is it based upon?
thanks.
 
Got late today, only one trade

f_example18m_5c36766.jpg
 
Quote from trader123abc:

All sells today
I sell against what I see as resistance
with no more than 5 tick risk from entry.
More...

Nice 123abc. Hope you actually got all those trades.

What's your entry technique? A 3 bar reversal pattern like Susana uses (with the magic tick entry), or just put limit orders out there at the resistance level, or look for a stall on a faster chart at the R level, or???
 
Quote from daniel33:

Susana,

Thanks for your charts, they must be a lot of work to create.

I hope it's not an inappropriate question, I notice you do not scale out, are you trading 1 contract or that's your preference.

Do you trade everyday ?

Thank you again.

Daniel
More...

I'm a two lot piker Daniel :)

Don't like scaling out, feel like when PA says to get out, just get out.

For the most part, do not trade on Mondays or Fridays, personal reasons.

Susana
 
Quote from amitman:

Hi susana
sorry if this question seems foolish but the bottom line in your chart, the "confuential support" what is it based upon?
thanks.
More...

If you examine the previous day it was resistance turned support breakout point, reason it was fought today.

Susana
 
Quote from trader123abc:

All sells today
I sell against what I see as resistance
with no more than 5 tick risk from entry.
More...

Crazy, I'm not that good, great skill.

Susana
 
Quote from sandygray66:

Nice 123abc. Hope you actually got all those trades.

What's your entry technique? A 3 bar reversal pattern like Susana uses (with the magic tick entry), or just put limit orders out there at the resistance level, or look for a stall on a faster chart at the R level, or???
More...

I don't think he is using bars for his entry. Looks like he enters on resistance or when immediate uptrend line is pierced and just hopes for the best with a 5 tick stop.

No idea on the exits.

Great on trending days but most of the time that is not the case, so I'm sure this is an exception and not the rule, otherwise he is just phenomenal.

Susana
 
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