tupapa

Tomorrow I will upload today's trading. The plan for the day is initially to look for a reversal at A,B,C or D, although depending on where we open, other levels could come into play.

Afternoon Bund Plan: Short a re-test of 78, if we break above, short 85. Long at a rejection of 54, if we break below, watch out for 39.

This afternoon I only made one more trade which was part of the plan, long at 87 and out 94. Overall a good disciplined day, I could've been more aggressive entering at the IBL and I didn't hold the winner at 11:00 for long enough. A part from that a good day.

This morning there was no test of 38 and hence no short. I tried shorting the IBL on two occasions but was looking for to good prices and confirmation, at the same time, so didn't get fills. After this I was patient and waited for my next level, which was 94. Here price went through it like a knife through butter, and I shorted the pullback. There was a double bottom at 87, which was part of the plan, but I wasn't fast enough to SAR, after this I got in at 11:00, but didn't hold for long enough. This afternoon, the plan is: At A go Long, if we break short a pullback. At 142.78 go long on a rejection, if we break, short a pullback. Above price there is resistance at B and C, sho a short of either level would be called for on a rejection.

Tomorrow I am looking at reversals at the following levels:

Db, regarding this Oil hinge, which line do you take into consideration for the breakout, the solid or the dotted? Or do you just wait for the expansion in volume? Any further material upside progress will lead to an upside breakout of the dashed hinge tomorrow.

Copper has formed a hinge over the last few months and it looks like it will soon be exiting it. I am opening the thread to discuss how this develops and how one might trade it: We can anticipate an explosive move from this price compression but we don't know if it will take place to the upside or to the downside. Above price we have resistance at 4.55 and below price there is support at 2.8 Just because the lines are drawn, doesn't mean they are used as targets, much less for reversing a position, but it is useful to monitor traders behavior if/when they approach the level. I read somewhere in the Wyckoff forum, than hinge breakouts should take place two thirds of the distance between the base and the apex, if not, it will most likely lead to choppy range. Breakout or not, this week we should have a resolution.

Today's story, and how I perceived things, which resulted in a mediocre morning and a terrible afternoon: 7:16- Looks more like Ret than Rev 7:43- Comes up very quickly, don't wanna short against it. 8:03- Market falls, I wanna short a test of 48 8:12- Climax and break of Tl, don't wanna short anymore, dont want shorts From here I went long at 46, thinking it was the climax re-test. After this I didn't hold to my short at 18, which was the trade of the day, and my trading got worse and worse during the afternoon, I lost control and went absolutely mental after 12. Errors: 1- Imagining patterns, climax and re-tests. 2- Following other traders. 3- Not holding to my winners. 4- Entering on "mini ranges" against the trend, when there is no real rejection but acceptance and my stops get hit. 5- Using tight stops which lead to very frustrating losers. More importantly, I just didn't follow the plan and until I can do this, I shouldn't trade real money, it is very frustrating seing how If I'd followed the plan, I'd made money. When I am in front of the screen, I think I focus to much on the intraday levels, and forget my 30m levels, which are what I should be trading. Tomorrow its long A ans short B, lets see if I can follow this.

First looking at yesterdays trading: I found conditions very choppy in the morning, but kept trading, losing ticks when I should've stayed out of the market. It isn't the first time that I experience a choppy market and it's very difficult to keep a stop Secondly in the afternoon, I missed the best trade, short the pullback to 60 because I was focused on a double bottom pattern, this is irrelevant and the break of TL and test is a perfect entry. Today has been a pretty crazy morning and I haven't been controlled. Exiting the short at 18, when I had so many reasons to stay in it made me mad at myself and I lost focus. For the afternoon,l the plan is: Buy A and sell B if we break below A sell a pullback

Tomorrow I will upload and discuss today's trading, which was extremely interesting. The plan is based around S/R as usual: I will look for reversals at ABCD.

Few changes to the plan to reflect the evening session: At B go long if hold above, if we break below short a pullback and look for a reversal at C. At A short a rejection, if we break above watch out for D for a reversal, if we hold above A go long and watch for a reversal at E

Today's afternoon trading was ok, given the few opportunities following my plan. For tomorrow: Short a rejection of C Long at E If we break below, short a pullback as usual, the rest of the level also apply.

This morning price found R at C, but then broke through and I didn't move my stop to BE, which was an error. It then moved all the way up to D, where it V-reversed, and then found Support at C, then all the way up to D again,l where it triple topped and traveled to the IBL, where it found Support. Unfortunately I didn't have a level here so I didn't take this. For the afternoon, it seems like C is losing its importance, and the market is range bound between D and the IBL. Plan is to buy the IBL and short D on rejections. if we break D, short E on a rejection If we break the IBL, go long at B. If we break any of these levels short a pullback.

Today I missed first long of the plan, because I was preapring my day and also the first short, because I had my level at 74 and not 78. Missing trades causes frustration and fear, and this leads to making mistake such as 1,2,3,4,5 , where I dont have the discipline to place my stop and let the trade develop. Tomorrow it is vital that I start the day by following the plan, which is: At C (94-90) go short, if we break above go long and lookout for D and E At B go long and lookout for C, if we break below go short on a pullback. At A go long on a rejection or short if we break below on the pullback, same for F and G

Das Bund is forming a Tr between 142.22-142.74, so tomorrows plan is to trade around these reference points: If we open between B and A: Short a rejection of B and go long on a rejection of A. If we break below A, go long on a rejection of 142.07, if we return into the range, hold for a test of the MP at 142.42. If price comes back to A and can't hold above, short anticipating a lower low below 142.07. If we break above B, go short on a rejection of C and monitor price on the pullback to B, if we fall below, hold for a test of the MP, at 142.42 If price breaks B, and holds above, go long and monitor price at C and around 143.00 This should cover most contingencies for the morning. Below 142.07, there is a range upper limit at 142.00 and an MP at 141.75

I am posting yesterdays chart and todays: Yesterday I lost control of my trading. I started on following the plan, but I hesitated and got in and out of the short at 53, losing a lot, which made me mad at myself. This had a negative effect, and created a vicious cycle were I wouldn't hold to my winners, I would scratch the best trades and get frustrated, which in turn made me take stupid trades. And it all was due to my negative self talk, and not being able to regain focus on the enxt quality opportunity. Today my focus changed completely, and the only thing that mattered was that I followed the plan, placed a stop and let each trade develop. I started of with a loser but I was fine, because I'd follow my plan and my self talk was reassuring. Instead of viewing the possibility of losing as failure, I was viewing it as an opportunity to learn about the market and improve my trading decisions. As long as I stuck to the plan I was fine, and I did (for the most) which resulted in a profit. It is the first time I focus on my self-talk and next week I plan to have the same mentality as today: 1- Focus solely on trades I plan. 2- Place the stop and let it develop. There is a lot of room for improvement in the following areas: 1- I went short against the trend a few times. 2- I took 1 lot out to soon, just because price was "losing momentum" 3- I didn't take 2 entries that were part of the plan, and I took some trades against the trend. This trade reminds me loads of the Trading oil example in the wyckoff forum. The signs that the trend is over are the same: 1- Double bottom and break of Trendline at 7:00 2-Double top and break of trendline at 12:00 3-Double bottom and break of trendline at 14:30 These are the key signals that I need to incorporate into my plan and the best entries occur at the extremes. The 12:00 Dtop took place at Resistance, so it is a no brainer. The Double bottom at 14:00 doesn't take place at support, but there is an obvious climax and re-test, and this is a setup that should be taken every time.

So far I have followed the plan which is a great thing, although it may need some changes in the future. For the afternoon, the same level apply, and I am including 66, which has actted as Support over the past hour and is also the IBH. So, for this afternoon: Short a rejection of 74. Short a rejjection of 66 Long on a rejection of 43. Long on a rejection of the low of the day at 21

Tomorrows Plan: Below 142.53 I am looking at the macro at the following levels: 142.00 141.75, 141.5 Above 142.53, the S/R from todays session apply.

Today I failed to follow the plan, missing the first short, made me anger and pushed me into an emotional spiral that resulted in many losing trades. Tomorrow my only objective is to follow the plan (I know this should always the case, but its worth reminding myself) The plan is: At A short a rejection, if we break above go long if we hold above 80 At B go long on a rejection, if we break below short a pullback. At C go long on a rejection, if we break below short a pullback Same for the rest of the levels

Tomorrows Levels for the Open: At 143.51 Short a rejection, above this look to go long if we break above and hold above. At 143.39 go long on a rejection, below this look for shorts on a re-test. After I have initiated one of the previous trades, I will monitor price at the S/R levels on the chart, to judge whether to hold or reverse.

Afternoon Plan: Price is now around 143.30 this could be a nice short on a rejection. Above this 143.42 is a key level to look for a reversal. Price Broke above 143.20 so this could act as support. Below this we have the low of the dat at 143.01 and 142.96

Today was one of my best performances so far, I followed my plan with absolute discipline and held to my trades patiently. There is still room for improvement in terms of entering a reversal at Virgin support, which still causes hesitation in me. I also missed an entry at the Opening Low which was perfectly legit, because I didn't have a level there. Tomorrows plan: At A short a rejection or long if we break above on a re-test. Above this wachout for G and H for potential targets and reversal levels Lookout for B, although I am not sure of its importance, since traders didn't really react to it today, it is the VPoc of the current range so something to bare in mind. At C go long on a rejection, if we break below and there is no reversal at D, look to short a pullback. At E go long on a rejection, if we break below and can't hold,. short a pullback. Be low this I will wach out for F, and specialy 142.00, which is a major level on the daily.

This morning price found R at D, resulting in a nice short and Support at 142.80, which is the MP of the hinge and the Value Area Low of the current range. For the afternoon, the plan is: At 143.13 Short a rejection. If we break above and hold above watch out for 143.19, if price rejects this, short, if it holds above go long. Att 142.78 go long on a rejection, if we break below go short on a pullback. At 142.52 go long on a rejection, if we break below go short on a pullback.

Yes, but don't you need the entry criteria? Without it, you don't what you are looking for, and you won't see it right? Here is the tick chart with the test that I believe you mentioned, to end the discussion. As I said above, in these cases, I find it useful to focus on the price ladder, and initiate the trade when I see that buyers can't hold the bid at higher prices. (I would normally see buyers trying to make 145.20-145.19 bid, but sellers would immediately make it offer) Personally, what I have gained from this discussion, is that I must be more aggressive, when entering at S/R levels that have either already been rejected or broken. On the other hand, when entering at virgin S/R levels, I am looking for more confirmation.

I assume you are referring to Friday's trade (which I posted yesterday). Which I planed in foresight, but missed because there was no re-test (or no significant re-test). The rant I've being going on about in my previous posts, is related to this, and it isn't the first time I miss such a trade, so my conclusion regarding this is: 145.20 Was my level, price broke below it so it is no longer "virgin". In such a scenario, waiting for a rejection and a test is a bit to demanding, and entering on the first rejection is accepted. Regarding specific entry point, I can enter at the break of the Dl, or when I see some strong selling on the tape (Buyers can't hold 145.20-154.19 bid)