This HMA is merley a visual aid for reading PA clearer. Plese refer to the JJvrat method: http://www.elitetrader.com/vb/showthread.php?s=&threadid=113456 In fact, I really advise everyone to read this thread thoroughly as almost everything I've learned about trading come from this thread and from Anek thread. Anyways, if you still insist I'll remove them next time I'll post.
Amitman, Don't want to start a debate of any kind or offend anyone, my official position on this thread is to please abstain from posting indicators of any kind, including volume. Imagine that they don't exist. Thank you for listening and participating. Susana
Hi Susan, Thanks for starting this thread. What made you settle for price action only? Did you go through the usual learning curve of indicators, mechanical systems etc. thanks
ES July 22nd 2008 I'm doing my share in the journal would like to see others chip in too, thanks. Susana
It's a process - you get enthralled by indicators, and you lose. - you think you got the wrong indicators, and you lose - you think you don't know how to use them and you buy snake oil seminars, their indicators, etc, and you lose - then you realize price action is the only thing that matters and become a student of it - then you either quit or keep at it, until the losing fades and you finally get it - then you become a student of price forever and ever That's my story in a nutshell. Susana
Hi susan, I fell on the bear trap right on the start, rookie mistake. On the other hand I'm riding right now the 7 points rally you seemed to have missed.
Hi Susana, I can tell by your charts you know your stuff. I've heard great things about you from Anek. Very nice work thus far, I look forward to your journal! Price Action RULES! -born4th-
Susana, I too am a pure PA trader as well, I believe we share the same mentor... I've attached my chart for today on the NQ. Green verticals are longs. (no shorts today)
Not that it matters, but I did not exactly miss it, I simply quit the trading day due to exhaustion and content with day profits, R became S, so yes we rallied, no surprised there. Can't let that bother you, best thing God created is a new day. Susana