price action trading

[saakk]

10 minute chart............

Expecting something similar.... but i am long 14.40

 

[saakk]

Expecting something similar.... but i am long 14.40

out of long...

 

[saakk]

A paper trade............
Short @ 61.44
Stop loss @ 61.50
Target @ 61.25
Timeframe 15 minute.......

Great trade my friend but how did you decided to go short at 61.44, cause last bear bar (15.30) low is 61.2850 IN 15 min chart???

 

[saakk]

[/URL] Uploaded with ImageShack.us[/IMG]

 

[saakk]

IF first bar is bear does it mean it will be a bear day..... if traders are selling at opening do they know something.....................???????? if its a DOJI OR BULL??????????? Spy opened gap down bear, tested its PD low and sold off........

[/URL] Uploaded with ImageShack.us[/IMG]

 

[saakk]

First 30 mins carry highest probability trades, reason; traders are all fresh and they have whole day ahead even if they entered at wrong direction they think they can make it back, as a price action trader i have to figure out were they will will exit at loss....

 

[saakk]

Jessy Lauriston Livermore said,
""Always BUY when price is in UPTREND, and always SHORT when its in downtrend"". Simple logic yet so difficult to follow, In real LIFE people like BARGAINS, like to buy things cheap and like to sell the stuff they own at HIGH PRICE. Book i read 3 years back, but last week i was able to add a LOGIC to what he meant when he said that, like to thanks AL BROOKS when he explained buying and selling pressures. Now when i sell stock SHORT when its in UPTREND (it is already having a buying pressure, simple demand and supply) and i put a BUYING-SL to cover my position (in loss) which ADD's to that BUYING PRESSURE, A simple covering by counter trend scalpers will print a bull bar which will be enough for BULLS to ADD into there position or initiate a new long towards a dominant trend and SWING SHORT TRADER to cover back above that BULL BAR. That starts a SNOW BALL effect and traders wonder how come market came and trigger there SL up to the TICK and PULLED-BACKED.

(My Experience)

 

[Fairlinks]

....i was able to add a LOGIC to what he meant...

Thanks for the explanation as to how often thus price moved as if just to stop me out of trade, and then returned to its original course exceeding my targets by miles.

 

[saakk]

[/URL]

Uploaded with ImageShack.us[/IMG]

 

[saakk]

[/URL]

Uploaded with ImageShack.us[/IMG]