Shads Price Action Journal

[shad112 10]

Hi,

 

first of all, sorry for my poor english (it`s not my first language).

 

I thought it would be a good idea to start a journal to improve my trading. I trade the NQ but only part time (not every day, and just the afternoon session). I`m focused on trading by price action (without indicators). I use a 10.000 CVB chart to define trend and S/R zones, and a 1 min. chart for entry. I also use a 240 min. chart for the big picture.

 

Charts:

 

10.000 CVB:

blue dotted = important S/R

thin blue line = minor S/R

red dashed dotted = range midpoint

brown thin line = swing high or low

 

1 min:

purple dotted = previous day high

orange dotted = previous day close

blue dotted = 10.000 CVB S/R

blue thin line = minor S/R (painted before open)

green thin line = S/R (painted realtime)

red dashed dotted = range midpoint

 

blue arrow = long

red arrow = short

 

comments are welcome......

Edited February 8, 2010 by shad112

[shad112 10]

4 Trades today (1 Winner, 2 BE and 1 Looser)

 

have to work on my trademanagement (moving stops)

[shad112 10]

NDX daily analysis. Forecast for next week