Singapore
Experience: Beginner
Platform: CMC Markets, Phillips Capital
Trading: Forex, Stocks
Posts: 176 since Mar 2012
Thanks Given: 220
Thanks Received: 139
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I have been observing price action on the \YM for a couple of months now and would like to share my observations on the futures.io (formerly BMT) forum. All opinions and suggestions are most welcome.
I look at the first 2.5 hours of the trading session mainly due to the timezone in my country. For PA, i'm studying Al Brook's Price Charts bar by bar book but i dont follow his method entirely; rather those which I find makes sense to me and which i understand.
This is not a journal as the focus will be on PA and not so much on other just as important aspects of trading like discipline, execution and emotion.
Some abbrevations which i use:
DT: downtrend, UT: uptrend, SW: sideways
TR: trading range, TTR: tight trading range
Doji: bar with a small body or no body
ut: upper tail, lt: lower tail
FT: follow-through
O/L: overlapping
BO: breakout
IB: inside bar, OB: outside bar
About the numbers on the chart:
Unless it is a setup, the numbers refer to a small cluster of bars near the number, rather than on a specific bar.
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