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 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

Actions for the 23rd.  Weird day with the PA, in hindsight the pull backs in the rally looked simple on the 5 minute but on the 1m things seemed a little more complicated.nq230720181min.thumb.png.31b719fb771271f54a53b07d356e77c8.pngnq23072018notes.thumb.png.53055bbd2eaec5c20b94ab7f05141171.png

Share this post


Link to post
Share on other sites

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.nq250720181min.thumb.png.de252b71e76482755f10ba6b47f72f20.pngnq25072018notes.thumb.png.cd4d825dd20714960a3b062e9e194a05.png

Edited by Gamera

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • AUDUSD Market Dragged Lower on Bears Dominance   AUDUSD Price Analysis – August 15 The bears were in full control moving the market lower in the prior session, although in the present session we see the pair found buyers around the level at 0.6748 for the 4th day in a row while the pairs bear dominance is evident falling to lowest close since the beginning of the year.   Key Levels Resistance Levels: 0.7297, 0.7207, 0.7085 Support Levels: 0.6748, 0.6676, 0.6620   AUDUSD long term Trend: Bearish In the bigger picture of the daily time frame, the decline from the level at 0.7207 (high) is seen as resuming the long term downtrend from 0.7297 (February high). Firm break of the level at 0.6876 (low) should confirm this bearish view.   On observation, further fall may be seen to the level at 0.6620 (low) next. On the upside, the break of the level at 0.7085 resistance is needed to be the first sign of medium-term bottoming. Otherwise, outlook will remain bearish even in case of a strong rebound.     AUDUSD short term Trend: Ranging On the flip side of the 4-hour chart, the AUDUSD is staying in consolidation from the level at 0.6676 and it’s intraday bias remains neutral first. On the upside, the break of the level at 0.6827 will extend the rebound.   But upside should be limited below the level at 0.6909 support turned resistance to bring fall resumption. On the downside, the break of the level at 0.6676 may target 100% projections from the level at 0.7085 to 0.6827 from 0.7085 at 0.6620 level reflecting on the daily chart.
    • EURJPY Approached Recent Swing Lows, Likely to Breach the Low of the Year on the Level at 117.50   EURJPY Price Analysis – August 16   The pair depreciated again in value against the Japanese Yen. The currency pair during the mid-week breached both the upper and lower horizontal lines on the moving average 5 and 13 while completing another lap on the low in today’s session towards the low level at 117.50.     Key Levels   Resistance Levels: 123.01, 121.40, 119.91   Support Levels: 117.50, 117.00, 114.84   EURJPY Long term Trend: Bearish The Daily time frame displays the EURJPY at the low, showing the pair is also testing a swing area on the level at the 117.50 to the level at 118.16 below the moving average 5 areas. The price attempted to dip below the area on August 12 to the low for the year on the level at 117.50, but could not keep the momentum going. The swing area was reestablished as support on August 13 and again today   However, buyers are trying to lean against the low level at 117.50, on the retest and hoping for a quick bounce. The trend is showing a bearish outlook in the medium and long term.   EURJPY Short term Trend: Ranging On its Intraday, the bias in EURJPY remains neutral for the moment. With the level of 119.91 minor resistance intact, further decline is in favor. Although a break of the level at 117.50 will resume a large downtrend to the level at 114.84 support next.   However, on the break of 119.91 resistance will indicate short term bottoming. A stronger rebound should be seen to the horizontal resistance line now at 121.40.
    • USDCHF Bounces Off Lower Prices On Correction.   USDCHF bounces off lower prices on correction the past week. This has opened the door for more gain in the new week. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900 level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9750 level with a turn below here opening the door for more decline towards the 0.9700 level. And then the 0.9650 level. Further down, support resides at the 0.9600 level. All in all, USDCHF remains biased to the upside on further corrective strength.    
    • Can I ask what broker are you using for trading oil?
    • Hey, I am new to this. Anyone use software like this?? Is it legit?? 
×
×
  • Create New...

Important Information

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