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Search: Posts Made By: AR01
Forum: Trading Journals February 13th, 2011, 11:00 PM
Replies: 23
Views: 6,175
Posted By AR01
More round numbers in real life

If you have elite access you can follow my journey here:

https://nexusfi.com/elite-trading-journals/4795-ar01-our-journey-15.html#post97523

Otherwise, see my exit and why related to round...
Forum: Trading Journals February 12th, 2011, 01:45 PM
Replies: 23
Views: 6,175
Posted By AR01
Horizontal Support-Round Numbers End of Week

I have attached a chart with a vertical line from my last chart earlier in the week. Look at how price got up to the 1.37 and like a magnet back to 1.36, fluttered around, broke down, and stopped at...
Forum: Trading Journals February 12th, 2011, 01:26 PM
Replies: 23
Views: 6,175
Posted By AR01
I understand. I never get into a trade just...

I understand. I never get into a trade just because a number is touched. But exits are different for me. If a number is touched and it is around my target, I'm out. If price doesn't continue around...
Forum: Trading Journals February 10th, 2011, 10:37 PM
Replies: 23
Views: 6,175
Posted By AR01
Support and Resistance-Round Numbers

The next support and resistance is round numbers. For this example I am using the 6E. The 6E is priced with a number, period, and four/five more positions depending on your broker. For example,...
Forum: Trading Journals February 10th, 2011, 09:44 AM
Replies: 23
Views: 6,175
Posted By AR01
Well, not what I was going for.....check out the...

Well, not what I was going for.....check out the price where the line is located.....more on that in future posts.

Andrew
Forum: Trading Journals February 9th, 2011, 04:32 PM
Replies: 23
Views: 6,175
Posted By AR01
Let's see what happened to price later in the day...

Let's see what happened to price later in the day on the 6E based on the line we drew earlier.
Forum: Trading Journals February 9th, 2011, 12:12 PM
Replies: 23
Views: 6,175
Posted By AR01
Support and Resistance-Horizontal Lines from today_2

Attached are two higher timeframes on the 6E, the 15 minute chart and a 25 range chart. I have added one line to each chart at the same location to show support / resistance. Is this price action...
Forum: Trading Journals February 9th, 2011, 11:57 AM
Replies: 23
Views: 6,175
Posted By AR01
Support and Resistance-Horizontal Lines from today_1

Attached are some examples form the 6E (EURUSD Futures) from today. I have a 5 minute chart and a 6Range chart. It doesn't matter the type of bar that you use. Support and resistance is about price...
Forum: Trading Journals February 9th, 2011, 11:25 AM
Replies: 23
Views: 6,175
Posted By AR01
Support and Resistance-Horizontal Lines

It's time to continue this journey.

Support and resistance are areas in the market that cause price to pause and potentially reverse. This occurs because of the mass psychology of individuals...
Forum: Trading Journals November 5th, 2010, 07:52 PM
Replies: 23
Views: 6,175
Posted By AR01
Reversal Example-Head and Shoulders

Here is an additional reversal example. Look at this perfect head and shoulders I posted in the EUR/USD thread. Look it up on the internet if you don't know about the H&S.
...
Forum: Trading Journals October 30th, 2010, 09:09 AM
Replies: 23
Views: 6,175
Posted By AR01
Reversal

Reversal
At some point a trend will become exhausted and reverse. This is the toughest time in the trend trader’s price reading. Is this just another pull back or the first wave of a trend in the...
Forum: Trading Journals October 30th, 2010, 08:48 AM
Replies: 23
Views: 6,175
Posted By AR01
Additional Trend Charts

Here are some additional examples from Daily, Hourly, 5Min, and 1MIN.

Andrew
Forum: Trading Journals October 23rd, 2010, 04:47 PM
Replies: 23
Views: 6,175
Posted By AR01
A Monthly Chart of the S&P500

The next chart shows the S&P500 Monthly chart in the bull market from 2003 until 2007. Notice the consecutive HH and HL confirming the up trend.

That's all for today. More charts on trends coming...
Forum: Trading Journals October 23rd, 2010, 04:28 PM
Replies: 23
Views: 6,175
Posted By AR01
A Yearly Chart of the S&P500

A yearly chart of the S&P500 is fascinating from 1990 through today. A simple trading strategy would be:


Long-Above the prior year close
Short-Below the prior year close


You don't get...
Forum: Trading Journals October 23rd, 2010, 04:06 PM
Replies: 23
Views: 6,175
Posted By AR01
Trends

A trend is defined as, “A general direction in which something tends to move.” Therefore, there is some subjectivity in the definition and reading of a trend. Generally though when reading a price...
Forum: Trading Journals October 23rd, 2010, 03:42 PM
Replies: 23
Views: 6,175
Posted By AR01
AR01 Market Structure Basics

I fell into a trap where I was looking for the perfect indicator before I understood market structure. I thought I could find a green light / red light indicator that covered every situation. I no...
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