Rearden's Journal

Quoting gejordan

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{quote} Not sure what you mean, aggressive swing area. That is simply the swing. Unless i screwed up moving the swing, which is entirely possible as I struggle to run G home school academy for the kids and trade.

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Quoting Rearden

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{quote} The white line should be the lowest point between the two white arrows indicated by blue arrow right? did I miss anything {image}

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Quoting gejordan

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Yep, screwed 'er up. Swing is down at 1814. Which means the better second entry was exactly where you had it at 1841. Don't doubt that you are moving in the right direction. And don't hesitate to ask me to double check my lines. As for moving the white line, that was an error, not trying to introduce aggressive trades. But the point of visualizing where it might go next is still valid when thinking of better places to enter.

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Quoting Rearden

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Weekly Summary 16 Nov to 20 Nov ====================== Seeing Chart: During the week, I was able to anticipate what are the probabilities in the price movement and expect those in advance. So there were no surprise during the week. As the exercise progress, I am able to see the chart in a detached way. Also, losers stopped hurting me. And Winners is not very exciting. It definitely feels good. But right now it win or lose doesn't matter. Both gives data with which I can come up with an consistent approach to trade a full account. Exercise: I was...

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Quoting gejordan

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{quote} suggest language change to... "consistently profitable trader"

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Quoting Rearden

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23 Nov No BIAS Up move I am working on two ideas which is the early entry on Bias week and better entries on No bias week. The price was in a range for the last week. Since price opened below the pivot and S50, I entered straight away(The entry is in the middle of the channel). I also kept an entry close to the white line targeting the high of the range. Since the market is near the highs in HTF, and also since its in NO bias week I have to be cautious. Dont be greedy with profits. {image}

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Quoting Rearden

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24 Nov No bias, UP move The price came all the way down from the highs to my white line. Since I had removed the PO after the target was hit, it didn't trigger on the way down. During the down move yesterday, the price has poked the white line. So there is a higher probability for the price to break down on subsequent tests or change direction if it close above S50 as seen from previous instances. I have entered a long positions as per rules and placed a PO at 1816 to experiment on better entries during No bias week. Few things to note: 1. Price...

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Quoting Rearden

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25 Nov No Bias Up move The price is still within the range. It closed above the S50. I placed an entry between the pivot and S50 and target at next visible high since price is above S50. If the price breaks the high it may go a lot more than that. I am not sure at the moment. But if price goes up first to test the 1905 and then comes below S50 , there is a high chance that it might go to test the lows. So I have placed an entry at the lows since I am testing better entries. If this happens, I will bring down my target to S50 since there is a higher...

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Quoting Rearden

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01 Dec Bias: UP Move: Down. The price went to 1.2000 BRN and came down. Closed below the S50 and the white line. As of now, the price has to hold above the 1.2 for the UP move to resume. If it close above the S50, I will try the #3b trade since this is a bias week and record down the results. {image}

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