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TST Trade Journal


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TST Trade Journal

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

Test

Facebook's image resolution from Snagit uploads are shit.

Livejournal.com only lets you upload 15 images.

wordpress, well not sure how to use it.

Twitter has seperate link for pick uploaded.

so its time to give futures.io (formerly BMT) a try and see how the added steps in uploading screenshots will affect my real time journal entries.

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


Off to a good start for CTD after watching Lecture 1 & 2 a couple times.

I have to admit, I was a bit nervous about taking the test, its been so long since I've been to "school" and had to be tested on something.

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



Upon post trading day analysis of what I did wrong.

I decided to put up the 8/21 EMA on my charts and that's not how I got to a positive 10 day trading average. Off it goes.

With the trade of no EMA on the 5 minute and having forgotten about using the Gann retracement levels, my second trade was clearly counter trend, but I had to run for work.

I really don't think using EMA's will improve what I am already doing and doing quite good and consistent with.

Including the 3 Line Break Chart is something I will look further into as my charts will now cover, time, price and volume.

Previous price action based charts I used were Range but Tradestation does not have visually good Range Charts like Sierra Charts.

What I would also like to have up is a Time and Sales and the DOM, all on one window.

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

Gonna try this new chart layout as it will cover all the major time frames.

Daily, 60 minute, 15 minute, and 5 minute.

Also has the Tape and DOM of Tradestation. I just prefer the way TS lays out their volume histogram as its always scaled, T4 does not auto scale and that's visually not appeal to me.

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

One wrong again? which one?

What's suppose to take a week, I just completed in a night.

I totally forgot about Game 6!

It was after I completed everything, I saw a post on Facebook about the Hawks-Bruins score. I only caught the post game celebration.

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

Just a quick note to myself from applying what I am learning from CTD, with looking at the charts differently.

By applying Candlestick Math, the cluster of bars with a 69 high, to me was a bullish sign for higher prices. The pop was good for 7 ticks.

It could be a counter trend move into a potential retracement trade short into a Gann Level for a trade lower.

731 is level to keep an eye on, break of that, could signal more selling, but today also watch the previous day low as its already tested it once through the overnight session.

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

Thinking about going short below 58 with a stop above 66, though pace is really slow.

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  #9 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Give me a pullback so I can get short!

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


Still looking for that pullback to get short

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

Sell stop in below Low of Day @ 41, risk 9 ticks.

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

40's filled, no follow through after entry.

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

fuck! stopped out.

this is the 3rd day in a row I'm starting out with a loser.

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

I missed the short below 45, was not focused, dozing off, thought about taking a nap, was up early.

I'll be a seller below 30 with a stop above 39.

Time I got stopped out 0920, to the time the trade setup, 0933, 13 minutes passed, I was dwelling on the trade as well about how I've had 3 losing first trades in a row for each days past since I decided to trade a 2 lot and see if I can still maintain the daily loss limit.

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  #15 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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30's filled, quick break to the lows.

Trade looks good based on price action of tape.

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

Big break, pace 3, 11 low's covered @ 14.

Trade as planned. Out of the hole!

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

If I had used a trailing stop method using the 3LB chart, the stop would have been at 11 and would have gained an extra 3 ticks.

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

Selling 03's with an 11 tick stop seems kinda risky at this point now that the whole world knows NG has sold off and made new lows.

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  #19 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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How wrong that idea was.

Based on the rules, I had a 6 tick risk trade, made an 83 low for 20 ticks from entry.

I was actually looking for a reversal trade, but that did not happen.

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

Have thoughts about getting long @ 701

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

I just got back to the desk after taking a two hour nap, just too damn tired today.

Missed a few trades but that's cool.

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  #22 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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31 by my analysis is a significant level to get short, just waiting for confirmation of market structure from lower time frames.

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

Offered @ 20, with a stop above current day high of 36.

Let's see if I get filled.

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

20's filled, taking a little heat, no big deal.

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

normalling I'd be out of a trade already in NG, +17 is like my target, but I'm holding this short until the market shows signs of reversal

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

its funny, now that I think about it, holding time is all determined by the market, I used to hold a trade for the sake of holding a trade, not knowing what the heck I'm looking for or why.

Now I see why I am holding a trade for longer time.

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

I have yet to get to the section of trade management if the price retraces, but I am moving my stop just above the last swing high on the 5 minute. And by swing high, I mean using the 3 bar confirmation to reduce the risk.

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  #28 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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I don't have a solid exit rule in place besides, T1 getting hit as there is no reversal signs in place but have given back 15+ ticks, maybe using the volume spike is a good rule if no reversal pattern.

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

Upon using the 3 bar swing confirmation, there is no swing high on the 5 minute based on that rule. So I'm still short, in the past, I would have been stopped out @ 3710 as that is where I would have put my stop cause it looks like a "swing high".

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  #30 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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I've got a valid swing high, moving stop 1 tick above it.

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

Right now I have the previous 60 minute bar as my stop, but kinda bummed, I've given so much back as I don't know what the market will do even though I'm applying what I've learned from week 2 CTD to stay in this trade.

There was 3 pushes to a low from the 5 minute, could I have used that as an exit or just stick with using swing points as exit levels or the T1 gets filled.

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  #32 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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The Gann Levels and Projections off the 60 along with the 5 and 55 chart that got me into the trade.

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  #33 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Duh!

I could have easily just used a 1:2 R:R ratio for T1 and would have been out of this trade. But its still good to put some of the stuff I've learned into practice holding a trade longer.

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

Series of inside bars on the 5 minute. What ever side you go, just go in my favour. hahaha

been in this trade over 3 hours, that's a long time by my previous standards.

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

75 is swing low, also a 60 minute low. I'm starting to see a pattern here.

This is good stuff for plan development moving forward.

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

Stopped out @ 12 for 8 ticks. I gave back a lot when I was 3 ticks away from T1. That needs to be addressed.

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

Upon post trade review, 85 was a swing low on a 5 minute using the 3 bar confirmation method. I did not see it at the time cause I was looking at my P&L fluctuate.

Note going forward, I need to review the 5 minute at ever close and decide what the market is doing within the bigger time frames of 60 and 240.

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

back from a 1 hour nap.

lol, this is too funny, here I am trying to figure out what I did that could have been done better, and turns out, week 10 of the course will answer my question, step by step, no need to rush ahead, lol

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

Here are some lines I've drawn using the 3 bar and 5 bar swing confirmation technique.

magenta is the 3 bar confirmation, yellow is the 5 bar confirmation, showing how different a chart can be based on either method.

I will post the other method which is more confusing, which I will not use but still need to complete the assignment.

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  #40 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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If did Method 2 Swing confirmation correct, the chart would look like this.

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

I had time to think about what I did wrong today and the application of week 2 overwhelmed me today and I let the P&L dictate my thought process.

I did not have the 15 minute chart up at the time, and I was caught up with bar analysis that I forgot about swing analysis of the 5 minute chart.

Right now I do feel like I'm drinking from a fire hose but I still need to continue and do my best at what I am learning.

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  #42 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Got some levels marked on the 240 based on the Space concept.

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  #43 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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End of Space level hit after EIA Storage Report.

Its too bad I had to take a stupid photo of some orchids, so I could not focus. That fucking place needs to be sold ASAP.

Looking to short the market if it retraces to a Gann level and has a low risk entry for a move back down to 3586

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  #44 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Sat through alot of chop and slop.

Having learned about the Space Concept, I know just because there is Space, does not mean there is a trade.

Fully aware of that, but I wanna see if it would work here if price trades 83 for a target of 99 with a stop @ 68.

Each push lower not as bearish from the series of 5 minute bars. 15 minute also showing the same but the path to 99 is not as clear as I'd like but let's just put this trade on and apply more of what I've learned so far.

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  #45 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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83's filled

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  #46 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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from 90-99 is not smooth sailing!

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  #47 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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My understanding of Space was correct, market could not reach 99 smoothly and showed lots of resistance and chop from 90-97, 2 ticks from T1 but I did not bail cause I wanted to see how price acts based on this Concept.

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  #48 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Need to have a consistent rule set if the path to the Space target is littered with chop.

market could not even get through 94 and has traded back down near entry.

The 60 is showing congestion on a bigger picture, so the market can break either direction at this point.

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

Once again, being in a trade with a new concept I've learned is teaching me alot about how to apply this new found knowledge.

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  #50 (permalink)
BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Stopped out. I saw it happen the moment it traded away from 3594, but I did not have a plan that says I can move my T1 if this or that happens.

Something I'm gonna ask BIX about.

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BeansTwoNiner
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That area from 90-99 had thick resistance based on profile, throw in the Space levels.

Wondering if you can use Space levels as points of entry if other things line up? As there is a pattern on the 55 tick that shows the price action around that area.

The 5 minute had a low volume bar form to finish off the series of previous candles.

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BeansTwoNiner
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Upon re-watching closes, candlesticks and candlesticks math, lecture 1, the thing I missed today while in the trade was assessing each 5 minute bar in relation to its previous bars AND the relationship of each close to its high and low price.

I was stubborn in seeing the market hit T1, which I had marked as 99. The market had told me it was not strong enough to get up there from various clues. Price action of the candles AND volume profile in the DOM.

The previous chart I posted did not show the price action of the area in discussion in the tick chart.

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BeansTwoNiner
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I had wished I took a snap shot of the trend line I drew this morning to show how the market had reacted to it.

I slept in cause I was up early for the Friday auction since I am going back out to pickup stuff.

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BeansTwoNiner
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These trend line's were also drawn early this morning for the financials.

Only the 10's had a valid short based on the trend line rules.

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BeansTwoNiner
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While I was AFK from 1200 till time of journal posting.

Trend line trade, Kiss it goodbye using the tick chart for a trend line entry since the 5 did not give one with acceptable risk based on the rules for a Trend Line Trade

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BeansTwoNiner
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Ok, I've jumped way ahead of where I'm suppose to be but I've got a pretty good idea of the concepts from the Freshman level, I'm just waiting to take the quiz officially to move on.

I've posted some charts of Trend Lines and what I assume are Significant Levels based on my current knowledge and experience with drawing them, which is say today after learning about just how to apply the Significant Levels concepts to larger time frame charts.

The first chart is a monthly and I marked some levels which appear to me are significant.

then I scaled down to a weekly and refined the monthly and added any weekly levels that appeared.

then I scaled down to a daily to refine the weekly and added any daily that appeared to be significant.

I should scale down to a 240 and 60 for further refining, but I just want to see how the market reacts to the current levels I've got drawn as Monday will be the start to a new month and there is an interesting price action development from the monthly.

Exciting times for me right now!

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BeansTwoNiner
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Here are some screen shots of SL's I've drawn on a 240 and the end of the chart, with a trend line.

There is a Trend Line Continuation short as it could have been taken since a better entry was present at 0800, I have not looked at a smaller time frame to see how it set up, but I'm sure there's some sort of reversal pattern breaking a Trade Trend line.

After I marked the levels, I move the charts forward to see how the next section of the market reacted to the levels I've drawn and once again, another Trend Line Continuation long trade. After the trade, I redrew the trend line based on the rules and there is a short trade setup.

I did not check if those trades had a Space target for further probability of the trade working out.

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  #58 (permalink)
BeansTwoNiner
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Some more SL practice on a weekly gold chart with trend lines.

A second screen shot of some more SL further back of the chart.

A third screen shot, of what missed SL's when I stepped back and took another look.

Another note to point out, the white trend lines are lines that have been pierced or have had a close below so my understanding is they are expired trend lines but when you project out, and see where they intersect, there is some interesting price action around those points.

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BeansTwoNiner
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Some practice on monthly and weekly CL charts.

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  #60 (permalink)
BeansTwoNiner
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Updated the levels for my trading PC, let's see how the market reacts to the levels I've drawn.

Note about the daily levels, I've got them colour coded to represent Monthly, Weekly and Daily levels which are significant based on my knowledge of how to identify those levels.

Not sure if having three different colours is complicating the process, but duck, I've already forgotten which colour represents which chart.

Yellow is Monthly
Cyan is Weekly
Magenta is Daily.

I've also got the 240 broken down into SL's as well so I've got plenty of levels to look at for Monday and see if a trade lines up. I'm already looking forward to the fact I don't have to be analyzing the market tick by tick, minute by minute, only when it reaches a level, then focus, but to say I'm gonna shoot the shit in the chat rooms Monday.

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BeansTwoNiner
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Good morning! Interesting to see a double bottom at the orange level.

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BeansTwoNiner
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Just showing the difference in Trade Trend Lines off the 5m and 55t chart. No level to lean on for potential Trend Line Short.

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  #63 (permalink)
BeansTwoNiner
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Interesting to see how the Financials are reacting to the Trend Line's I've drawn today, even without scaling down to 15m or 5m charts.

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BeansTwoNiner
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Even though lower time frame charts do not need to follow the Trend Line rules, as Best Fit rules may be applied, its still interesting to see how the Trend Line evolves if also using the Rules of when to redraw or leave alone.

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BeansTwoNiner
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Close below for 5m, though no Level to lean on. See how this plays out.

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BeansTwoNiner
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55t trend line redrawn, showing a different picture compared to the 5m.

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BeansTwoNiner
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5m redrawn, rules meet.

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BeansTwoNiner
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A trade to the short side may be lining up, if market cannot make it to the orange level and a reversal pattern develops on the 55t chart. Got some valid Trade Trend Lines to support the entry and there are End of Space (EoS) targets, both simple and advanced on the 15m.

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BeansTwoNiner
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Wait for the 15m to close and assess Market State as a reversal may be developing.

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BeansTwoNiner
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Quick break, being cute with the Enter on Close of Trend Line.

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BeansTwoNiner
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5m Trend Line and 15m confirmed.

Let's hope a 2nd chance entry sets up to get short.

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BeansTwoNiner
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i didn't even know what was going on, or more like how to implement the Kiss Trendline Goodbye concept to a 5m after it closes.

in hindsight, i could have just gone short at the close of 5m candle, but its still learning the stuff right now,

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BeansTwoNiner
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my thought process of what developed was on the conservative side of waiting for the 15m to close to confirm what I'm seeing, taking that KTTG and 5m close would have been aggressive, EoS target @ 3537, so it would be a really good R:R ratio

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BeansTwoNiner
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Market State assessment, 5m slightly bullish into a very bearish larger time frame.

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BeansTwoNiner
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Price Action really slow right now, 5m, slightly bullish, 15m same, in an overall moderately bearish trend.

Can also argue to be ready to draw a trend line on the 15m if the next candle closes and the rule is meet.

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BeansTwoNiner
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Upon drawing a pilot trend line on the 15m, the rules would not be meet for a valid defining point, but the 5m and tick chart are meet.

Have a secondary entry, if the market closes below the trend line on a 5m with tick chart for another entry, ie KTTG.

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BeansTwoNiner
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Setting up for a short!

Gonna take it and see what happens if a pattern or rule set is meet.

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BeansTwoNiner
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If the 5m closes below the trend line, then I am getting short with a target of the Initiating Point (IP) or EoS, which ever is the conservative target, but they appear to be very close together, stop will be at the 5m swing high.

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BeansTwoNiner
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No trade entry, I could enter with more aggressive break of trend line, though it would increase the probability of getting stopped out.

Hmmm, wait for close or enter on the break?

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BeansTwoNiner
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I've elected to go with break of trend line as it also lines up with the low of the 15m candle. As of this journal entry, price broke and did not get a fill of 3575, on the right side.

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BeansTwoNiner
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damn it, its running away, close of 5m would increase risk, wait for a potential 2nd chance or the 75 gets filled.

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BeansTwoNiner
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market showing a reaction to the 44 level if you adjust the EoS target to the break out level.

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BeansTwoNiner
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Missed EoS by 1 tick, but if using the breakout level, target would have been filled.

Its scary how the market played out the way it was suppose to based on the concepts.

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BeansTwoNiner
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draw in another trendline on the 5 minute and its not as steep compared to the others

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BeansTwoNiner
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a trend line drawn in the 5m or 55t will look differently cause of the angles.

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BeansTwoNiner
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Come to think about it, 44, was the swing high for the double bottom break out.

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BeansTwoNiner
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its so liberating to know I'm not at the mercy of lagging priced based indicators anymore!

Not sure if the screen shots I uploaded are any different to one another.

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  #88 (permalink)
BeansTwoNiner
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potential double bottom with a trned line break/close to confirm, long lower shadows on 15 minute suggesting potential reversal

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BeansTwoNiner
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20 minutes after I was suppose to take a break, doing a screen shot to see how the market develops the moment I step away for a break.

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BeansTwoNiner
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Back from my break and look how the market played out on the 5m. Close above the trend line, then KTTG!

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  #91 (permalink)
BeansTwoNiner
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Interesting, if the 5m break level was used ahead of EoS target, trade would have gotten out with a profit like previous use of 5m breakout level.

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BeansTwoNiner
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damn it, one wrong again!

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  #93 (permalink)
BeansTwoNiner
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Energies closed long time ago, posting a screen shot of the 4pm EST close and what it looks like.

I should take down all lower time frame trend lines and keep the higher time frame levels up as none of them need to be redrawn.

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BeansTwoNiner
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I've added one more level off the 240 to keep an eye out for tomorrow.

Upon further review of the trend lines, I may need to redraw if price actions pierces and closes out the trend line and the other criteria is meet.

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BeansTwoNiner
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Forgot to draw in the trend lines for the daily as it appears they may come into play this week.

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BeansTwoNiner
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The two orange levels, I did not confirm if they were significant or not until I looked this morning.

I'd say its safe to say I can change them to blue as a significant level.

On another side note, I should have known better than to meddle in other peoples journals as I'm the outsider.

Lesson learned, everyone needs to touch the hot horse shoe to know its a hot horse show.

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

Its amazing to see how the market is reacting to the levels and trend line's I've drawn today.

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

A Trend Line Trade this morning while still sleeping. Advanced EoS target hit from 15m

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

Ok, got some good feedback from Bob and Mike regarding my application of the concepts and Bob foresaw the potential inconsistency of entry based on the example I showed them.

The 2 magenta trend lines off the 5 minute as I explained to them my thought process and waited for a 15m close as the 5m is a smaller time frame and not as significant.

He also mentioned about the Second Chance setups that are to follow later in the Course and my mind is already drifting towards that.

The 2 white down trend lines off the 5m are the exact as the 2 magenta, now that I take a closer look. the 15m closed above the trend line and another Second Chance Long setup off the 55t and 5m chart with an EoS target.

This shit is wicked, so glad I am getting it.

Looking forward to implementing Gann Levels into my charts and see how they line up with the levels I pick out.

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BeansTwoNiner
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
Thanks: 2 given, 35 received

2nd Chance Trend Line Trade Short, EoS on 240 or a retest of 60 EoS

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