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Journey to consistency

  • #1,901
  • Edited 2:24am Feb 4, 2019 2:13am | Edited 2:24am
197 fails. Alright
next 179 *fails*

still within the 1h range 166S 202R so its long for now

+2.7 more

now I need a definite sign below 166

now 179 retest I need 166 and 160 to break before going short target 137-130 area.

166 holding for now
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  • #1,902
  • Edited 2:56am Feb 4, 2019 2:33am | Edited 2:56am
160 S- 198 (202)

if there's high trough above 166.

next range again playing within 1h range

that's a possibility,

if 166 breaks we're getting into next 1h range 166-130 so I'll need to wait for low peak and trough below the S

retest area 173 5min dynamic
retest are 166 1h dynamic
160S last S ....

for final confirmation.
should have sold the breakout.
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  • #1,903
  • Edited 4:10am Feb 4, 2019 2:59am | Edited 4:10am
possible retest areas 173,166,160 target 130

from below I see trough becomes peak peak retest HL at 130 instead of 166-173 retest.

OK I see why I shouldn't have entered on a break out of the 1h range setups.

Back to 202-166 range, instead of 166-130

I'll just have to wait 197-202 area I ain't going to play in between ranges - todays been a very challenging day don't think its suitable for me to trade the inbetween ranges too advanced for my level.

I see that I missed 193 retest down to 130 *it's alright* I'm still learning.
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  • #1,904
  • Edited 5:38am Feb 4, 2019 4:16am | Edited 5:38am
I should go by 1h and wait for PB on 5min, I got too consumed by 5min by London open today and missed that short trade!! 30pips

Now moving on, I see 2 possible scenarios at this junction :

a. 130S R202
looks like I missed this one 130S 166R trade
b. 166S R202
c. 192R S166

+0.3pips.

I did learn a lot today, still more to be studied and more to practice !!

I'm going to call it a day here.

Be back on wed.
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  • #1,905
  • Feb 5, 2019 7:08pm Feb 5, 2019 7:08pm
Breakout and retest
Support and resistance
5min and 1h interplay

Law of vibration truly it is!

I didn't trade yesterday but boy oh boy I missed that perfection <move up> !

I guess this is it, what I want to be S&R trader granted I still have lots to uncover but this is where I want to settle because its been working and it makes perfect sense and provides a reliable mental roadmap so I don't go gambling. I'll just need to master this niche.
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  • #1,906
  • Feb 5, 2019 7:33pm Feb 5, 2019 7:33pm
1h levels I'll recheck 1h prior Frankfurt open

I see two possibilities at this junction

a. 350S 382R 433T
b. 382R 350S 280T

A new scenario may arise as Frankfurt opens and usually as price progress further in time candle by candle I'll have to adapt to those new possibilities as they arise. But for now I am prepared for these two scenarios because I can see them ! on 1h now, what I can't see I can't prepare but when I see them I'll be ready to adapt and react properly.
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  • #1,907
  • Edited 7:50pm Feb 6, 2019 2:42am | Edited 7:50pm
scenarios to consider:

a. 381R 350S T324
b. 324S 350R T381
c. 350R 324S T279

bears might be winning to opposing forces at work at 324!
difficult day its been

-27pips
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  • #1,908
  • Feb 6, 2019 7:44pm Feb 6, 2019 7:44pm
1h levels complete for Frankfurt

The only possibility I see at this point is 325R retest 303S 280T

Things to improve :

a. Not to miss any support or resistance on 1h
b. To follow 1h not to get lost on 5min
c. Also must know 5min dynamic
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  • #1,909
  • Feb 8, 2019 12:59am Feb 8, 2019 12:59am
Levels for today on 1h
I know there're too many but I didn't want to miss anything !

Yesterday I didn't trade well I did after I came back +9.6pips quick scalp, I should be back to my regular schedule from today.

The only thing I see at this point is 11059R 11033S, T1 11007
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  • #1,910
  • Edited 5:58am Feb 8, 2019 1:17am | Edited 5:58am
+10pips BE 1, 1 more short.
I'm bad at keeping to my exits.

11007 was my exit.

now if 11007 breaks I should get a retest back to 11007, if it holds 11031.9 retest is a possibility. On the flip side 11007 is a support 11031 is a resistance so there's a chance it could go higher... 3 scenarios to consider at this junction.

now I'm going to wait for London.

possibilities

a. 11008 retest
b. 10994 retest
c. 10971 peak 11007 trough break buy.

net +13pips

down -4pips for the week.

it was a challenging day but once again I learned that my mental map is solid ! that I need to follow my rules on 1h to a T and not get lost on 5min, although I've been becoming more and more familiar with 5min dynamics

entry should be solid if I can do it as I mentioned above, as for exit besides levels I should always keep in mind that DAX moves by block of 25points on average as long as my entry and timing was right it should reach at 25points at least..
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  • #1,911
  • Edited 1:34am Feb 11, 2019 12:56am | Edited 1:34am
Ready for today's dance even surprise ups.

I'm ready for two sequence up and 5 sequence down if it wants to go up further than what I can see at this point and what I had planned I'll need to re align to whatever that takes place.
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  • #1,912
  • Feb 11, 2019 1:40am Feb 11, 2019 1:40am
on the short side I see a new possiblity

a. 962R 955S 942T

from the bottom up

a. 942S 962R 982T
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  • #1,913
  • Edited 7:41pm Feb 11, 2019 6:47pm | Edited 7:41pm
Yesterday net -9.8pips

I ain't complaining, because I think I may have just cracked another piece that was missing from the puzzle "5min" dynamic and how it interplays with my 1h mental map.

I knew I was missing something and I knew it had something to do with 5min at the beginning of this month I saw it as a mere retest of that level but when you combine the micro with the macro which is 1h and the blueprint ! it is starting to make a whole lot of sense.

I knew when I had to buy or when I had to sell my mental map on 1h was the guide (it didn't lie) and it still is it sure will be, but I kept getting the timing off..... and sometimes price would travel 10-15pips and would snap back before reversing direction, I needed a timing tool + extra confirmation I think I may have gotten the answer to that ! and yes I'm a S&R trader and who knew trading S&R would be just as challenging and completely different from the conventional material on S&R. I'm not going to complicate this anymore I mean I'll not even try to delve further into patterns and more this is going to be my niche and probably what I can do.

And Philip Neil's 5min MA system which was based off of Floor trader method recommended by Jupiter, I see it all now that I have some knowledge how S&R works on 1h,5min peak and trough break and retest. If you're going to go with indicators I guess that is the only way to consistency.
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  • #1,914
  • Feb 11, 2019 7:28pm Feb 11, 2019 7:28pm
It's always a matter of possibility until price confirms.
I might have gotten my reference points off but I'll re look and re check 1h prior Frankfurt open and as the session gets going as per usual!
But it's getting better.
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  • #1,915
  • Feb 12, 2019 1:17am Feb 12, 2019 1:17am
“ The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore

and it opens up with a GAP

PLAN C.
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  • #1,916
  • Feb 13, 2019 2:27am Feb 13, 2019 2:27am
Yesterday bad day -63.5pips
I realized that maybe it's time to to try "feel" the pulse forget everything I've learnt.

At some point yesterday I realized that I was trying to put PA into a little box when in reality its quite the opposite I don't know I just have this gut feeling that anything too mechanic if this or that in the context of putting PA into a little tick box will not be sustainable in the long run maybe few lucky streaks here and there.

So today equipped with what I have gathered and learned through lots of suffering and frustration have decided to forego all of these restrictions or "expectations" and see how I really flow

Thus far not bad I entered short at 198 got out way too early (I'm still being controlled by my fear) ! attempted for another short at a wrong area!!! and ended up giving away 60% of my gains. Bad move I know. But let's just see how the session plays out. I'll stop at -20pips and +60pips.
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  • #1,917
  • Edited 2:51am Feb 13, 2019 2:32am | Edited 2:51am
Below 198 rejection... or above 193 ?
Above 178 ..... ?

Either way I see its not ready to anywhere just yet !!

:This is no easy feat to feel your way but this might cure my compulsive behavior *gambling tendency" and the urge plus the need to have to hold a trade no matter what the conditions are which can turn into a serious problem.

210 says its going up
198 said its going up

Judging by the look of it * I see an attempt to push down at 222* I need to look out for 222
we're not in the clear yet.
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  • #1,918
  • Edited 3:20am Feb 13, 2019 2:57am | Edited 3:20am
210 rejected
198 done.
now 178 done.
last floor 169

I can't sell it till then because there's a risk of getting higher OR this might go up. I don't know I'm just trying to follow wherever it goes letting go of my expectations and restrictions by feeling the pulse.

Maybe sometime in the distant future I'll also learn to play within this range 198 - 168 nice short as soon as those up attempts were rejected, I guess this tells me that the overall move is down ! maybe not so much in the distant future but first and foremost lean to play out of the range!
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  • #1,919
  • Feb 13, 2019 4:21am Feb 13, 2019 4:21am
Quote
Maybe sometime in the distant future I'll also learn to play within this range 198 - 168 nice short as soon as those up attempts were rejected, I guess this tells me that the overall move is down ! maybe not so much in the distant future but first and foremost lean to play out of the range!

The main entry was "198 "

At least I see it now +1.3 I'm done for today more studying.
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  • #1,920
  • Edited 11:09pm Feb 13, 2019 10:39pm | Edited 11:09pm


I keep seeing these patterns
I knew it had something to do with prominent S&R levels
I just kept isolating them as a single entity instead of seeing them as a collection "action, reaction, resolution"
That keeps repeating itself over and over again...

I said I'm going to settle with S&R but I know that just because there's a support doesn't mean it'll hold and vice versa I need to identify signs!! and act on confirmation that it'll hold I can't just bet that it'll hold and enter on first sign of hold or doji/hammer candle formation alone.

what I am beginning to see
I am starting to make some sense of.
variations or something different ?
variation or do I need more confirmation ?

yes fractal and opposite fractal, impulse wave and retracement wave - I'm back "fractals" - they're intrinsic part to trading if "only" I begin to understand and "see" them as a collection trading could become very enjoyable and consistent.

But it ain't so easy to see them !! it took me 5 years, 3 of which I spent 8 hours per day lots of failure, lots of small losses and after some lost accounts I might be beginning to see them in the past, can I see them and act upon confirmation in real time we'll see how that'll go starting from today.

it's all about differentiating signs among chaos and acting upon those signs.
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