BORing Journey Journal 2020

BOR = Break Out, Retrace, Reject @Support/Resistance

1. Trend - hhhl / lllh
2. Structure Break with strong candle at support / resistance
3. Retracement to:

a. Supply/demand - rally base drop, drop base drop, drop base rally, rally base rally

b. Flip

c. Quasimono

d. Fail to return, first time back, second time back

e. Double/triple top/bottom

4. Trend line break or reject with strong candle
5. Fibonacci
6. Divergence - Regular and Hidden (as leading indicator of momentum)
7. Momentum - distance measurement of impulse / correction waves

Be aware of:

1. Economic news calendar
2. Currencies strength

My methodology:

my knowledge of the above is just mediocre at best. i gathered those knowledge (quasimono, ftr, ftb, stb) by searching the internet and youtube a couple of months ago. i am just forcing myself to apply what i have learned in order to improve myself. reckon that this is the fastest way to learn.

this is a good video to learn multi time frame trading at support/resistance. somehow is as though Atheer is teaching.

good for a scalp or two.

w1 h4 resistance to nearest support.

asian session. level to level. m30 resistance to support is good enough.
however price went down to h4 support as mentioned in previous post.

it's still fine if one is using rsi for entry and exit

h1 support to resistance trendline

difficult london ranging session.
rsi trading would have closed with break even or tiny profit.
support/resistance trading is still on.

if candle closes below support, then exit trade as loss.
missed out noticing that a flip formed. also lower highs and lower lows.
double bottom did not played out.
came close to day open though.
time to be reminded.

rsi would have got into 2 shorts

asian session

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analysis of bounce

dealing with losses.
1. H4 SR rr 1:1 20 pips strategy
2. H4/M15 SR price action in M15 for Hit and Run strategy

deep retracement.
first time back.

would have been a good buy reversal