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Gamera
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Posts posted by Gamera
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Actions for the 25th. Its difficult to watch the kick back on some of the trades I'm taking as I try to manage them in a way that leaves me open to larger trades, trade 5 in particular stung as it eventually got to where I thought it might. Despite the result I think there is a little progress being made, maybe.
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Actions for the 19th. Bad results but clearer PA, I'm cutting the lowest time frame charts (20s) for the time being to try a slow down the thinking process a little. Still need to figure out the patience issue a bit aka trade 1, and try and accept the fact that I might need to carry stops that are a lot wider than what I'm used to (10-15 points wide on some) or not take the trade at all, the two long trades really needed those wide stops (danger point stops) to succeed.
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Actions for the 17th. My intolerance of adverse PA posed a significant problem as the day unfolded. This might come off as a little petulant but I've been getting really frustrated with how price has been moving over the last couple of weeks, I don't know if this is to do with price pushing at highs but I am really struggling to make heads or tails of price movement and volume most of the time. As I've already noted my stop intolerance is problematic particularly on days like this but even then my analysis intraday is inconsistent.
Given where my mindset is just now I am starting to think I will have to rebuild my plan and revisit my expectations and really try and figure out why I think the way I do, some of my thinking lingers from when I was having much better results than I am currently having, are they realistic with today's PA? Do I need to carry wider stops? (very likely) Does price "go" or does it hang around for a bit? I'll elaborate further when I have though it out a little more, I'm just very frustrated with how all the components play out including myself during the session.
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Testing Times.
in The Wyckoff Forum
Posted · Edited by Gamera
Actions for the 9th. Despite noticing and feeling that the PA was sloppy early on I continued to try and make something of it, I sat out for a bit after trade 7 but still ended up getting tangled in a trade that I should have avoided (trying to make something of marginal PA).