Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Gamera

Testing Times.

Recommended Posts

Actions for the 20th.  Volume seemed high and price was choppy, trade 1 was a little weak as I knew at the time PA was a ducking and diving.  I quickly found myself getting flustered in trade 2 as it showed no sign of following through almost as soon as it triggered.

As for the notes, its nothing new that volume spikes or surges can telegraph turning points as interested parties make their moves, I'm struggling to act on it and pick it out when volume is high (first hour today).  It only seems to work well when I pass on it or if I look at a chart in hindsight.

nq200620181min.png

nq20062018notes.png

Share this post


Link to post
Share on other sites

Actions for the 25th.  With the volume being so high throughout the day I found it hard to make out what was going on, that coupled with large oscillations (+10 point minutes) meant I could not tolerate most of the movements anyway.

nq250620181min.png

Share this post


Link to post
Share on other sites

Actions for the 27th.  With all the movement in PA lately I have found myself expecting the worst and started to smother my trades with my stops as soon as they moved favourably, this is not conducive to good trading.  I was blinded by bias on more than one occasion and lost focus as I got frustrated.  I took a break and noticed something in hindsight when I looked back prior to the close, I really need to be sharper at figuring out what price has done and what it is doing. 

No trades for the 26th. 

nq270620181min.png

nq27062018notes.png

nq27062018anotes.png

Share this post


Link to post
Share on other sites

Actions for the 28th.  Saw plenty of opportunities but played it safe and sat on my hands on some of the better ones and ended up mangling the trades I did take.nq280620181min.thumb.png.87677757dcdd0b4cf007fb5e36bfb19c.pngnq28062018notes.thumb.png.2af55525e15f1fde6ad251a27ec3aa36.png

Share this post


Link to post
Share on other sites

Actions for the 5th.  The drop lower in the morning was a little frustrating as PA seemed to grind it out with a lot of back fill, I then missed the bottom as it looked similar to all the other bottoms I tried to catch in the session up to that point.

nq050720181min.png

Share this post


Link to post
Share on other sites

Actions for the 6th.  I was too focused on the 1 minute time frame to really appreciate what was going on in the bigger scheme of things, volume seemed vague but was largely confirming the PA at the time, I just couldn't get my head into seeing this as a trend day.

nq060720181min.png

nq06072018notes.png

Share this post


Link to post
Share on other sites

Actions for the 9th.  After trade 3 I sat out waiting for PA to reach either the high or low of the session as price was ranging.

nq090720181min.png

Share this post


Link to post
Share on other sites

Actions for the 12th.  Despite thinking price would head back to the weeks high (a few posts up gives reasoning) I tilted off after trade 1 and was mentally shut down from taking any more trades.

nq120720181min.png

Share this post


Link to post
Share on other sites

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.nq170720181min.thumb.png.6e60a152efe4c091a884846be84a4ec0.pngnq17072018notes.thumb.png.d53463d5192fdc6ecc72a7371f73624a.pngnq17072018anotes.thumb.png.5e84049663d82fefeba15956bfea477b.png

Share this post


Link to post
Share on other sites

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 succeednq190720181min.thumb.png.b2e907c82fab92287f769307668bb1a8.pngnq19072018notes.thumb.png.48930e3403c5d438729adbf07ab193bf.png.

Edited by Gamera

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Posts

    • Weekly Trading Forecasts for Major Pairs (July 23 - 27, 2018)          Here’s the market outlook for the week:   EURUSD Dominant bias: Neutral   Price made a bullish attempt on Monday, but started coming down afterwards. The support line at 1.1600 was tested and price bounced off it, closing above another support line at 1.1700. The market is neutral, and that status will continue as long as price oscillates between the support line at 1.1550 and the resistance line at 1.1800. However, the neutrality in the market will soon end, and ensuing movement could most probably favor bulls. This means a break above the resistance line at 1.1800 is possible before the end of the week.   USDCHF Dominant bias: Neutral This pair also went downwards at the beginning of last week, and then rallied around the middle of the week, only to come downward again at the end of the week. Price closed below the resistance level at 0.9950, threatening to go further downwards. The bias on the market is eventually neutral, and it would remain so until the support level at 0.9850 is breached to the downside. The most probable direction is southwards.   GBPUSD Dominant bias: Bearish GBPUSD is a weak trading instrument. Since April 14, price has been going downwards. Price moved briefly below the accumulation territory at 1.3000, and then rallied by 170 pips, almost reaching the distribution territory at 1.3150. The bias remains essentially bearish (but perpetual bullish effort could threaten the bearish bias). There are additional distribution territories 1.3200, 1.3250 and 1.3300.   USDJPY Dominant bias: Bullish After testing the supply level at 113.00 several times, a bearish correction was started, which made the price close below the supply level at 111.50 on July 20 (a drop of 150 pips). The bias is bullish in the long-term, but going bearish in the short-term. Things will go completely bearish when price moves further downwards by another 200 pips, reaching the demand levels at 111.00, 110.50 and 110.00, and going further downwards.   EURJPY Dominant bias: Bullish   The market had been going upwards since June 28 until recently. The recent bias is bullish but there is a high possibility of price going bearish. Price has made a bearish U-turn, after almost reaching the supply zone at 132.00. It is expected that price will continue to go downwards this week, thereby rendering the recent bullish bias invalid and reaching the demand zones at 130.00, 129.50 and 129.00. Those demand zones may even be exceeded before the end of July.   GBPJPY Dominant bias: Bearish There is a Bearish Confirmation Pattern in the market, as a result of a drop of 300 pips last week. The drop has already generated a bearish signal in the market, brought about by the perceived weakness in GBP, and the strength in JPY. This week (even till the end of July), the outlook on JPY pairs is bearish, and that means GBPJPY also will experience further bearish movement, which would enable it to reach the demand zones at 145.50, 140.00 and 135.50.         This forecast is concluded with the quote below:   “A surprising insight for me in Jack Schwager’s Market Wizards was that most of the top traders he interviewed are 1-trick ponies: they do one thing — and they do it very well. Their success was built upon their ability to discover what others overlooked. I concluded that ‘doing one thing well’ would immediately simplify my trading life and could eventually evolve one thing into an important trading edge.” – VTI   Source: www.tallinex.com      
    • $EFII (EFII) Electronics For Imaging stock flat top breakout watch above 35.53,



      analysis https://stockconsultant.com/?EFII
       
    • Hi All, What trading platform do you prefer for US Equities? Pros and Cons? thanks! 
    • Very interesting question. Personally, I believe market swings in those sectors are influenced by other factors, not only the presidents' background or agenda. Having said that, it may be worth regressing the data for a firm conclusion. 
    • $AAP (AAP) Advance Auto Parts stock flat top breakout above 142.21, target 152.7, +7%,



      analysis https://stockconsultant.com/?AAP
       
×

Important Information

By using this site, you agree to our Terms of Use.