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tomerok
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Everything posted by tomerok
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Long range view : Sellers breached through the long range DL A clear medium range SL with a steeper angle than the long range SL was formed in the 5-6 days Price was trending down yesterday, I could not find any verified S to explain the halt of the decent Areas of interest 2585 2576-71 2555 – hinge mp 2526 – LOD 2510 Tomer
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Impressive work G. Tomer
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today i was sitting on my hands and probably avoided some significant loses as usual white are RT notes, yellow are post analysis Tomer
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Long term view : price still "lean" on the DL, though a clear Support is now visible Last 3 days formed a hinge like congestion, which looks like is ready to break out. Last 2 TR are aligned with their MP Price is popping up at pre-session, last TR high R holds Areas of interest 2607 2597 2585 2572 2557 Tomer
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Here's my journal for today as usuall WHITE are RT notes, YELLOW are my post analysis notes Tomer
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Long Range trend channel still valid, price again pushing against long range DL, suggesting strong sellers, the test of the LOD at 2557 might give a sign where is price heading Overall picture in the past weeks is down and still no signs for a REV Areas of interest 2607 2597 2584-mp 2572 2557 2549 - mp from past 2542 Tomer
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Hi Pat Contact DB. He'll send you the link Tomer.
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Here's my journal for today WHITE are RT notes, YELLOW are my post analysis notes Tomer
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Hi Boru I don't know exactly where you are on the "learning curve" I'll give you the same advice I was given, first just look at price and only price, don't try to guess entry points, go through the forums and read as much as you can, do it for a while don't be too hasty to jump ahead, when you do jump ahead early you'll know it and take a step back again Believe me things WILL get clearer, It just takes time…. Regarding your charts. Try to note in RT what you think is happening and take a look again after hours in your notes Also, plotting trend lines, marking S or R, marking trading ranges, helps the process of analyzing PA in RT Your CWS notes indicate you're on the right path; I would have dropped no 3. Since I see price drifting for a long period of time relative to the down move, I see HH formed and HL, so for me it's a NO for short You're welcomed to join The Trading Journal/The Trading Log http://www.traderslaboratory.com/forums/wyckoff-forum/13708-trading-journal-trading-log.html Tomer
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Back to posting after a week of absence. Changed a bit my analysis and added a "work plan" for the day noted in RED I keep these notes to remember my if… then… actions around areas I think will be important. Long term picture, price is in a downtrend, price tested DL but is back in the channel area implying DL is still valid. Areas of interest 2607 2596 2586 - ? 2579 2569 2556 Tomer.
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As usual notes are on the chart, WHITE are RT notes, YELLOW are my post analysis notes Tomer
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Price rallied up yesterday over every potential R By the end of the day consolidated to a hinge which broke to the up side Currently price is at last R before an air pocket Areas of interest 2709 2700 3695 2687 2682 2679 2677 2674 2688 2657 Tomer
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As usual notes are on the chart, WHITE are RT notes, YELLOW are my post analysis notes Tomer
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areas of interest 2668 2657 2651 -mp 2646 2639 - mp 2631 Tomer.
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Today I had a very clear but challenging watching PA As usual notes are on the chart, WHITE are RT notes, YELLOW are my post analysis notes Tomer .
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After 2 unusual days, a TR from the past 4-5 days is tested, pricefound R at 2677 Areas of interest 2677 2674 2668 2657 2652-45 – Middle Range 2642 2626 Tomer
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Don't stop the good habits The large picture - Price is still in a sideways range, slightly downward, in trading ranges since price reached the big R from July - august Since we had a unique day yesterday regarding trading hours I don't know how to address that, so I'll try and address that as normal price action Latest TR is 2668-2626, price currently at MP Areas of interest 2668 2657 2652-2646 – micro TR 2649 – mp 2642 2626 Tomer.
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Thanks. Current Day High. after removing everything from the charts i left only current day OHL, prior day OHL and olor time region to plot the first 15 minutes in gray. Besides S&R i'm taking into account when price creates new highs/lows for the day, and try to see if price has any respect to prior day high/low, in addition. and the 15 min gray area helps me view more clearly the IB or opening range. Tomer
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Hi I added some notes, regarding the trades I might have taken on this, post analysis to summarize the day….. and to compare with my RT notes. I'll do that for the following month to practice RT notes are in white, hindsight notes marked with yellow Tomer.
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Hi i marked my notes on the chart as the session progressed again on the 144t since NT has scaling issues with 1t charts Tomer
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Price took a dive yesterday, now price in front of major R from the past 2651 was major R, so we'll have to see what happens Areas of interest 2673 2668 – minor 2657 2651 – R from the past 2646 – minor 2642 2623 2604 Tomer
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back to price watching... at first i narrated the 5 tick chart which i watched in RT but then realised i will have to post 6-7 screenshots to include the whole timeframe (NT sucks with small scale 1 tick display) instead i'm posting the 144t which is pretty similar to the 1m Tomer
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areas of interest 2695 2686 2682 2677 2668 2657 2651 2646 Tomer.
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i agree, blocp analysis of the trade is great and the entry is superior, even though i thanked him for the post i never read it as thorough as i did now. that view is exactly what led me to redo the setup and entry definition in my trading plan. i now recall a conversation i had with Gringo, which ended up with the question maybe more screen time is required..... just watching price. Tomer.
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Niko, it's funny but i have just decided to revise my setups and refine them, so this thread is more than appropriate for brainstorming. i used to enter at the BO of HH and that is clearly wrong, you miss a big chunk of the move and your stop is clearly wider than the option # 2 (assuming the stop loss is placed couple of tick below the LHL) I'm going to work on every setup separately till i will come up with solid definition for each one (i'm avoiding using the term "rules", since they are meant to be broken... ) then i can backtest and forward test them. for a start, as Db pointed out there are three kind of setup's - Retracements, Reversals and BreakOut. and since we have $ trending or ranging than the place or area to look for them are @ the extremes (with the exception for the Retracement setup) Since you pointed out trend entries i'll be more than happy to start with it. I look at a setup as the environment preceding the trade and the entry as the trigger for executing it. I'll try and define what i expect to see and where, (i'm using long as an example) price is in an uptrend (a second up wave was formed... 2 HH and 2 LL ) price is trending for some time price broke out (and gained significant distance from a previous TR) we can notice a DL. [*]"momentum" factors are on the up side up thrust is equal to previous up thrust volume is the same or greater than previous thrust retracements are slower [*]No visible R ahead. Entry This is where i'm changing my strategy.... 2nd retracement starts (after the 2nd HH) observe the retracement, once the retracement is "legit" in terms of speed and length (slower speed, same length as the previous one) once price starts to form bars above the previous one (you may have to drill down to a smaller interval) place a stp, stp lmt order ahead of price (the actual distance really depends on the formation you're watching, i guess with the movements we have seen in the chat room it could be 2-4 ticks above price.) i neglected the stop on purpose since it depends on risk tolerance, but as a rule of thumb i'm trying to exit immediately once the parameters for entry have changed and are no longer valid. Tomer
