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TST Trade Journal


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TST Trade Journal

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  #101 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

83's filled, very light today, which is expected. Let's see what happens.

The entry was a break of the 5m Trend Line, the 15m is slightly bearish so that's not helping, needs more pressure to the downside as volume is really, really light.

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  #102 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Come to rethink about it, my first target should be the Initiating Point.

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  #103 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Good time to practice Candlestick Math from such slow trade, no candle by candle emotional roller coaster, lol

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  #104 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Long shadows from 15m, didn't see that!

Even the R:R ratios are not in favour of taking this trade in hindsight.

Risking more than potential Reward.

15m just making 1 tick lows compared to previous candle, not a good sign.

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  #105 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I see this trade getting stopped out, nothing but space up to 3620 level.

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  #106 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Stopped out.

Inside Bar on the 60m, long shadows, this was a losing trade right from the get go.

Was fixated on Trend Line as the 240 bounced of EoS level, many clues to just be patient and sit on hands.

Now there's clear sailing up to 3620 area.

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  #107 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

The clues off the 15m and 60m at this point are hinting higher prices IMO.

OR I am putting to much emphasis on a light volume holiday trade, so using today as practice is not a good diea. lol

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  #108 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

some significant levels I've had up since the beginning of the week, last night it stopped to the tick @ 3.673! 3.576 was end of space and it found support there today this morning there was a reaction from 3.615 level

orange leves were drawn today

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  #109 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

EIA NG Storage Report out today at 1200 EST. TST rules state no trading 5 minutes before and after the release of the number, but still interesting to see how the market reacted to the levels I had up prior to the release.

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  #110 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Done for the day and the rest of the week, gonna be light, so be tight!

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  #111 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

There's the 2nd Chance entry from the 1200hr EIA NG Storage Report.

Its too bad I decided to call it a day when I did cause I had to go to Mississauga to pick up work related stuff.

I'm starting to think a 15m close is the signal to watch for a Trend Line confirmation compared to the 5m for the intial close outside of the Trend Line.

2nd Chance should use an aggressive Best Fit Trend Line break of either the 5m or 55t chart.

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  #112 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Just some screen shots of seeing how each trend line is redrawn when following the rules.

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  #113 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Only 25 images per upload.

Its interesting to see how each redrawn or removed trend line affects the overall picture.

I had forgotten that not every trend line break is a trade. I need to remember that moving forward as the last couple of trading days, I had forgotten the rules for when to redraw and remove trend lines and my charts got pretty messy and confusing.

I re-watched lecture 2 of Trend Lines.

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  #114 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Look what happened overnight.

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  #115 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Updated SL's on the 240.

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  #116 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Still no pullback into the R-Zone for a potential long on the 15m.

There are Space targets higher above 3737

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  #117 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Week 3 quiz completed.

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  #118 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

This is annoying, I understand the concepts, just have no clue or real understanding of putting the concepts together to formulate a trade.

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  #119 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

KTTG 15m?

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  #120 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

3731 filled.

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  #121 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Adjusted the target to EoS 15m, which is greater than 41 ticks.

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  #122 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Starting to think being long is the right play for today.

Holding R-Zone's on all time frames.

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  #123 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Fuck, or was I suppose to redraw the trend line on the 15m?

I'm confused with "what happens if you miss the first entry, but then it gives you a 2nd chance entry with also a valid redraw"

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  #124 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

My guess is stopped out, prices going higher.

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  #125 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Appears to be turning bearish, but while journal ling, the price popped to 37-38, not looking good.

Came within 2 ticks of getting stopped out when it traded 45's

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  #126 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

15m starting to look like a bowl of spaghetti with that white trend line I've drawn to show what the chart would look like.

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  #127 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Ok, I'm convinced, I have no clue how to use trend lines to enter trades.

Stopped out.

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  #128 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I'm hoping Support will resend the message I sent regarding Trend Lines, Breaks, Closes and Redraws as I'm seriously confused about those rules and concepts.

If they send my message back to me, i'll post what I sent them here as an edit.


Quoting 
I'm getting confused as to when a break and close of a trend line is a potential trade or just setting up for a valid redraw.

I've marked on the 15m chart the red trend line as a trend line that was in place along with the magenta. When I noticed it broke and closed below the red trend line, my mind shifted to short, when the bigger picture was saying pull back. The next two 15m candles, without knowing the exact entry rules look like Kiss the Trend Ling Goodbye entry.

It was after being in a short on sim, I started to talk to myself and said there is a valid redraw IF not in a trade, but I may not be in a valid trend line short to begin with.

A bigger picture look with the higher time frames.

My thought process BEFORE the red trend line break and close was look for a pullback into the 15m R-zone for a long entry. Then when the trend line break and close happened, my thought process shifted. Did I just do a candle by candle change or plan? When I did the candlestick math on all time frames, I was starting to see being short was the wrong call.


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  #129 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

No trade days for me cause of work.

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  #130 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Trend lines and levels updated.

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  #131 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Interesting to see the market rally over night when I was up and could not sleep.

I had two levels marked on the 15m and look how the market reacted when it reached those two white levels.

The white levels I marked yesterday are EoS off the 15m

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  #132 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

3.655 looks like an interesting area to look for a long trade.

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  #133 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Its funny how at 1004 hr, I mentioned to the room, NG is dead, then it reacts to the downside and trading much lower!

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  #134 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I was fixated on the 60m and did not see the 15m 1100hr close of an extremely bearish candle that was the start to this break lower.

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  #135 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

SL's I'm finding, the markets are reacting well off them. That's a boost to my confidence as a positive to take away from this.

I need to slow down as Mike said no need to panic.

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  #136 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

240m trend line redrawn.

I need to take screen shots of when I assess market state and put down what I am looking at and thinking what moving forward as not seeing what the 1100 est close was on all time frames really hurt me.

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  #137 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

[10:04 am] : this is the hardest part, markets we trade, do nothing and need to maintain that focus in case something does happen

That's what I typed in the chat room when the 1100 hr bar closed as the price was already breaking lower.

I'm thinking when I made the conclusion the market was going nowhere, I believed that and did not assess market state objectively but with a biased opinion. Not having that Yellow level drawn across the time frames played a factor in not seeing what the market was really doing.

I was so focused on doing candlestick math, I lost track of assessing highs and lows in relationship to each other and the close.

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  #138 (permalink)
BeansTwoNiner
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Have to step away for a delivery.

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BeansTwoNiner
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i made the mistake of "knowing" how the bar was gonna close at the top of the hour at 1000hr, when the bar actually closed, it was not what I had pictured and was caught off guard. I then proceeded to break silence and chat @ 1004hr, which further reduced my focus as NG was pretty much trading sideways for a good 2 hours since it opened. what I learned from this is to wait for the close and assess every time frame at the top of the hour as I was tunnel visioned in watching just one time frame. the other positive is the Significant Levels (SL) I've marked, the market has been reacting well off them, so thats boosting my confidence there.

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BeansTwoNiner
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Come to think about today, all I had to do was to keep my silence and not participate in chat and there was an entry with a break of 93-95, for a really low risk trade and huge reward!

I had 3.655 as a Revised End of Space target based off the single bar rule.

So my R:R ratio would have been 1:4.6

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BeansTwoNiner
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Gonna complete the assignment after dinner of classifying each bar in terms of bullish or bearishness.

single bar assessment:

1. moderately bearish
2. moderately bearish
3. very bullish
4. moderately bearish
5. moderately bullish
6. moderately bullish
7. neutral to slightly bullish
8. slightly bearish
9. very bearish
10. neutral to moderately bullish
11. very bearish
12. moderately bearish
13. very bearish
14. moderately bearish
15. slightly bullish
16. neutral
17. very bullish
18. neutral to very bearish
19. moderately bullish
20. moderately bullish
21. moderately bearish
22. moderately bearish
23. slightly bearish
24. very bearish
25. neutral
26. neutral

double bar assessment:

1-2. moderately bearish
2-3. moderately bullish
3-4. very bullish
4-5. slightly bearish
5-6. very bullish
6-7. very bullish
7-8. neutral
8-9. moderately bearish
9-10. moderately bearish
10-11. slightly bullish
11-12. very bearish
12-13. very bearish
13-14. very bearish
14-15. moderately bearish
15-16. moderately bullish
16-17. moderately bullish
17-18. moderately bullish
18-19. moderately bearish
19-20. moderately bullish
20-21. moderately bullish
21-22. very bearish
22-23. moderately bearish
23-24. very bearish
24-25. very bearish
25-26. neutral

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  #142 (permalink)
BeansTwoNiner
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Gonna so some more practice further back.

Gonna do a different layout to compare each set of singles to doubles and see how they inter relate.

single bar assessment: double bar assessment

1.neutral 1-2. neutral
2. neutral to slightly bullish 2-3. slightly bearish
3. moderately bearish 3-4. very bearish
4. very bearish 4-5. very bearish
5. moderately bearish 5-6. moderately bearish
6. moderately bearish 6-7. moderately bearish
7. neutral to slightly bearish 7-8. slightly bullish
8. very bullish 8-9. very bullish
9. neutral to slightly bearish 9-10. moderately bullish
10. very bullish 10-11. very bullish
11. neutral 11-12. moderately bullish
12. moderately bullish 12-13. moderately bullish
13. very bearish 13-14. very bearish
14. moderately bullish 14-15. very bullish
15. very bullish 15-16. very bullish
16. neutral to slightly bullish 16-17. neutral to slightly bullish
17. moderately bearish 17-18. neutral to moderately bearish
18. neutral to slightly bullish 18-19. neutral to moderately bullish
19. moderately bullish 19-20. neutral to moderately bullish
20. very bearish 20-21. very bearish
21. neutral 21-22. slightly bearish
22. slightly bearish 22-23. slightly bearish
23. very bearish 23-24. very bearish
24. neutral to moderately bearish 24-25. very bearish
25. neutral to slightly bearish 25-26 neutral to slightly bearish

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  #143 (permalink)
BeansTwoNiner
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Posts: 290 since Mar 2013
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I need to go back to week 2 and redo the assignment.

lol, I should be counting down to see the flow.

26-25. Inside
25-24. very bearish
24-23. slightly bearish
23-22. moderately bearish
22-21. moderately bearish
21-20. slightly bearish
20-19. moderately bullish
19-18. inside
18-17. very bullish
17-16. slightly bullish
16-15. slightly bullish
15-14. moderately bearish
14-13. very bearish
13-12. slightly bearish
12-11. moderately bearish
11-10. inside
10-9. outside
9-8. slightly bearish
8-7. inside
7-6. moderately bullish
6-5. moderately bullish
5-4. inside
4-3. moderately bullish
3-2. inside
2-1. moderately bullish

come to think about it, I may have to redo what I did earlier, I should have known better as once I was classifying, I didn't feel the flow cause I was going from right to left, when it should have been left to right counting down.

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  #144 (permalink)
BeansTwoNiner
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Gonna try something new today with bare charts to keep track of swing highs and lows.

White are confirmed swings

Magenta are swings in development.

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  #145 (permalink)
BeansTwoNiner
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15m confirmed swing high.

60m looking slightly bullish, will take another screen shot at the top of the hour and have another market assessment.

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  #146 (permalink)
BeansTwoNiner
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Top of the hour assessment

15m, very bullish, previous swing high violated.

60m moderately bullish, with potential swing low, but EIA report in 30m, anything can happen.

240m moderately bullish with 120m to go before the close of that bar...

Daily, neutral

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  #147 (permalink)
BeansTwoNiner
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If price breaks out above 3.680, focus long,

if price breaks down below 3.625, focus short.

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  #148 (permalink)
BeansTwoNiner
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Revised 60m swings.

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  #149 (permalink)
BeansTwoNiner
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15m neutral.

gonna take a video for 10m, 5m before and after EIA # is released.

11 July 2013 EIA Natural Gas Storage Report Price Action

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BeansTwoNiner
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Premature, but prices edging higher before the #, bullish #?

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  #151 (permalink)
BeansTwoNiner
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So much for bullish, this is expected for a #, anything can happen.

Will upload the 5m window of now trading later.

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  #152 (permalink)
BeansTwoNiner
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15m very bearish

all time frames shifting to the down side.

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  #153 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
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Top of the hour assessment

15m moderately bearish, pull back setting up?

60m very bearish

240m very bearish

Daily very bearish

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  #154 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
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15m neutral

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  #155 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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long @ 3.600

I have no clue why I am long, lol

55 tick break out.

15m neutral to slightly bullish.

Upon further review of the charts while in the trade, the reason I got long are a pierce of the trend line with a SL support.

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  #156 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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15m neutral to slightly bearish.

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  #157 (permalink)
BeansTwoNiner
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15m moderately bearish

if yo do candlestick math for the last 3 closed bars, its a doji.

But I am not expecting this trade to work out.

I moved my stop below the SL and below the trend line. That 2 lot traded @ 3.574 is a good sign of not interest in selling for now.

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  #158 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Top of the hour assessment

15m neutral

60m neutral

240m moderately bearish

Daily moderately bearish

and here I am in a long, lol

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  #159 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
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Sitting inside a triangle pattern that's developing. Oh joy!

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  #160 (permalink)
BeansTwoNiner
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15m neutral to slightly bullish.

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BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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15m slightly bullish

there was a bearish reaction off the 3.615 level. Lots of selling came in once that level was hit.

Let's hope the market gives me a 2nd chance to get out at that level.

If this trade were based on R:R ratio, I would not be long as the T1 is < the risk to put on this trade after the downside adjustment I made.

When i first put on the trade, I had the stop @ 16 ticks, then reassessed and moved the stop below the SL which would be 27 ticks. Not a good R:R ratio

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  #162 (permalink)
BeansTwoNiner
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15m neutral to slightly bullish

60m slightly bullish but bar not closed yet so anything can happen.

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  #163 (permalink)
BeansTwoNiner
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Top of the hour assessment

15m slightly bullish, came within 2 ticks of letting me out.

60m slightly bullish

240m neutral

Daily slightly bearish

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BeansTwoNiner
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15m neutral to slightly bearish. Potential swing high.

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BeansTwoNiner
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T1 filled on 3rd test of 3.615

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  #166 (permalink)
BeansTwoNiner
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I've started to chat, so the focus is off, not to mention I was in a trade for over 2 hours.

15m new swing low.

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  #167 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
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Top of the hour assessment

15m neutral to slightly bullish

60m neutral

240m neutral

Daily Moderately bearish

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  #168 (permalink)
BeansTwoNiner
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Pit closed

that 3.615 level should be interesting to see how it comes into play tomorrow as it was strong resistance all day today.

Overall today, having put the concepts into real time practice was a good learning experience.

It is a lot of work, IMO, but its work that needs to be done at my stage.

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  #169 (permalink)
BeansTwoNiner
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Updated swings and look how the market has reacted to the levels again!

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BeansTwoNiner
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Opening assessment

15m slightly bearish

60m slightly bearish

240m neutral to slightly bullish

Daily neutral to slightly bullish

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  #171 (permalink)
BeansTwoNiner
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15m neutral

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  #172 (permalink)
BeansTwoNiner
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15m very bullish

Updated swing charts

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  #173 (permalink)
BeansTwoNiner
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15m neutral

Edit: I forgot to do candlestick math here, that one little doji does not mean shit in the bigger picture. In hindsight, should have been a very bullish assessment, not what I originally stated.

I also let small time frame Space cloud my judgement, just cause there is Space, does not mean there is a trade. Not to mention its a 5m chart.

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  #174 (permalink)
BeansTwoNiner
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53 short, market blew right though my sell stop limit while journal-ling

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BeansTwoNiner
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53's filled, taking some heat right now.

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  #176 (permalink)
BeansTwoNiner
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Top of the hour assessment

15m neutral to slightly bullish

60m very bullish

240m very billish

Daily very bullish

and here I am short!

Not looking good for me at this point.

Edit: with this assessment, the 15m did not close below that 3.651 weekly level, which is significant. My inconsistency is starting to show again, I need to remember to wait for the 15m to close and then decide if I want to trade, not the 5m.

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  #177 (permalink)
BeansTwoNiner
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Stopped out, I let a really small time frame pattern suck me into the trade as the bigger picture was all pointing higher.

The other mistake I made was not waiting for a 15m close to confirm as I entered intra bar.

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  #178 (permalink)
BeansTwoNiner
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15m very bulllish

good market reaction to that 73 level marked.

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  #179 (permalink)
BeansTwoNiner
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Ooops, I forgot to do the 1030 assessment, was chatting cause audio went down.

I am thinking I need to change the way I do my assessment at every 15m. Go from top down, its gonna be a lot more work, but once again, I let a small time frame cloud my judgement.

Daily very bullish

240m very bullish

60m moderately bullish

15m neutral

Once again, the market is reacting well to a level I've got marked.

My weak point is still price action assessment. Finding levels to trade off of or to watch is not an issue for me.

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  #180 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
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Top of the hour assessment

Daily Moderately bullish

240m slightly bullish

60m neutral

15m very bearish

Potential reversal setting up?

CTD Office Hour is about to start to this will be my last entry while I am in class.

Edit: Mike said to omit the "potential reversal" comment out for future reference as he's right, it paints a picture in my head of something that may not happen and I miss out on what is actually happening.

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  #181 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I just realized after drawing in a trend line, how different the picture would look from the short I took this morning.

Could say its a piercing trend line trade and the correct side to trade from was long.

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  #182 (permalink)
 Big Mike 
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There is (much) more to the market than trendlines.

Also when I read your comments it seems you are focused on "the trees" and unable to see "the forest".

Just something to consider...

Mike

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  #183 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Some more steeper trend lines added to the chart.

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  #184 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received


Big Mike View Post
There is (much) more to the market than trendlines.

Also when I read your comments it seems you are focused on "the trees" and unable to see "the forest".

Just something to consider...

Mike

That's always been a problem with my assessment of the market, I sometimes see the forest, but then might miss out on a tree, and when I focus on the tree, I miss the forest.

Its something I am aware of and work on it everyday. Its just finding the right balance and right now, these are the concepts I am learning from the Course.

I've talked with Mike and he said not to panic as the first 10 weeks of the 20 week course is focused on concepts. Once I tried to apply their first Junior level strategy, I was freaking lost cause I thought I knew the basics. How wrong I was. There's like a checklist just to take a trend line trade, which is why I am emphasizing the missed trend lines from today as stated as their is a "piercing trend line" trade setup they teach.

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  #185 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Pit closed.

Its funny, what I am experiencing is not a linear progression of my comprehension and application of the concepts, its left turn, right turn, 2 steps back, 1 step forward, 180, all over the place.

Its discouraging none the less, this part sucks and when I get past this, it gets easier, I've been down this path before with my other issues. This is not any different.

At least now, moving forward, I know what to focus on again.

Just wait till Gann levels and extension start getting introduced and put into the mix.

Seriously am drinking from a fire hose when I think about it.

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  #186 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Now that I have a better understanding of the concepts being taught, I "jumped" ahead to see what the "Ice Cream" Trade setup is all about and I found one in the NG on a 60m chart.

Pretty interesting stuff they are teaching.

I thought the Piercing Trend Line Trade was good, this "I dropped my Ice Cream" is even better!

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  #187 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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No clean space prior to the break so I was not looking for a trade to the short side.

Now there is space to the upside, from this break.

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  #188 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Come to think about it, there is simple space on the 240, I was not focused this morning for the first 15m when I got to the computer by 0915hr

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  #189 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Come to think about it, I was looking for a short with the marked area on the 15m, I just was not sure how to put the trade together as I was looking at the retrace back into the R-Zone and I did look across the higher time frames and did not think the 60m had clean space to trade into so I negated to pay any attention to the 240m and its space.

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  #190 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Potential Piercing Trend Line off the 60m setting up, though still have 30m to close.

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  #191 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Daily very bearish

240m very bearish

60m moderately bearish

15m moderately bearish

The 60m Piercing Trend Line trade can still line up, just need to sit and be patient and let it develop.

T1 would be 8 EMA

T2 21 EMA

T3 EoS all off the 60m

Stop would be below 3.571

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  #192 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Top of the hour assessment

Daily revise it to moderately bearish

240m very bearish

60m moderately bearish

15m neutral to slightly bearish

no PTT trade triggered.

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  #193 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I've recreated the charts without all those SL's to ask this question for CTD OH tomorrow about Trend Line's that are separated by 1 tick when projected out, but when using the Defining Point as trade trigger, will mean a big difference in terms of stop placement.

I really was in doubt today when I was drawing the trend lines and came across this issue, so I just sat on my hands even though the 15m and 5m looked really good.

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  #194 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Daily very bearish

240m very bearish

60m slightly bearish

15m slightly bearish

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  #195 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Daily Very Bearish

240m very bearish

60m moderately bearish

15m neutral to slightly bearish

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  #196 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I am actively chatting so my focus is not there cause of the Trend Line Trade and the Rotation Trade back into the R-Zone.

I attribute not taking the trade to not fully understanding the rules of the trade setup as I'm still learning how to apply the concepts in real time and damn, you really gotta know the stuff intuitively to get a jump on the trade.

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  #197 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Still gotta regain my focus some how to learn how to apply the concepts.

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  #198 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I need 1 more day to complete the 10 day cycle of my current practice account so I can start with a clean slate.

Why not just get long?

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  #199 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

Trade is into a 15m R-Zone, not good. Also have 60m and 240m R-Zone up top.

This is an uphill battle from the get go.

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  #200 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

I Dropped my Ice Cream trade setting up on the 15m?

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