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I like to wake up early on Saturday morning (US pacific time) and get a market replay session in. I'm not sure if I'm alone in this tradition, or if there are others out there that do the same thing. But I thought it might be fun to create a thread where Saturday morning traders can share their replay screens, discuss trades, shoot the breeze, and maybe learn from each other.
I'll go first...
I thought this chart presents an interesting situation. It's a 5m long bond replay from November 3 (no spoilers! ) I got an open in the lower portion of y-range, and we got an opening sell off that went for about a half of the 20 day average daily range.
I faded the close of bar 18, which was a really strong close that failed to break below the p-lod. Which is fine because I think strong closes that fail to BO of range extremes are good spots to fade. However, it looks to me that the market might be a little short here so I need to watch out for weak bulls.
Bars 19 and 20 look like profit taking by the bears and not really bulls getting excited. The bears sold again during bar 21. This is a good spot for a measured move lower for a full 20d ADR. I could get steam rolled.
Hey @Salao, thanks for putting this thread together! I'm in, and I'll be here regularly!
I'm actually doing some intraday chart research from 2020 this morning, still grinding through early January, ha!
Normally I do market-replay too, so I'll definitely be around this thread to either contribute replays (I've got a bunch of links to some of my previous ones here under "market replay dojo", not that anyone is actually interested, ha! Or "shoot the breeze". Good to see you posting, I was going to come harass you in your journal pretty soon!
Hey @snax! Thanks for bailing me out! . I'm still marking up charts everyday, but I've been slacking on my public journaling. I should probably get back into it soon! Journaling can be tough though. There are a lot of ups and downs to be putting out there for all to see. Maybe I'm being silly about it though.
The bulls are buying my trade this morning...I probably should be scalping out. But I'm going to be stubborn a little bit.
Probably should have scalped the trading range! Haha! Bears got their mm to ~1ADR. Put my stop below the mm and scaled in lower. It wasn't pretty but...
Hey @snax! All is well thanks! Hope you're doing well...as well ()! I sort of abandoned this thread after my Phillip Capital freak out, didn't I? Haha! A revival seems like a good idea. I will definitely join up with you tomorrow for a market replay and a coffee...or two.
Don't sweat the freak out. (GOOD song-title). I have managed to dodge the Phillip Capital outage and now two Trading Technologies order-routing outages (Sierra Chart Order-Routing Service currently ties into TT on the backend) just by pure dumb luck. I'm in no hurry to get back to that mess right now, hoping SC puts TT in their rear-view soon as they claim they are trying to do.
Deep in the soul-searching period, trying to find the next step along the journey. Market is defintely hinting in a not so subtle fashion at wanting a little more something out of me if I'm going to start pulling money out so I'm trying to figure out what that something is and how to attain it (so demanding!)
One of my favourite things is doing a manual bar by bar market replay of the week prior over the weekend. Seeing what I missed, how I could improve vs my actual performance. It gets me I’m sync for the coming week. During the week I often sim trade to stay sharp or if I want to try something out, or on another market. I also plot what I think will happen on charts and it’s fun to see how far out or accurate I am as price unfolds.
I can totally relate! The market definitely has a way of hinting to us that we need to improve, usually with soul-bludgeoning subtlety. Haha! Sorry to get morbid. . I've been in 'wilderness mode' as well. Not completely lost, but not all that sure what I need to do to move forward. And I'm not too eager to place my next trade.
I think you are on the right path though. This stuff DOES get figured out...sometimes.
) I got an open in the lower portion of y-
