Hey Doji,
Thanks for the encouragement.
I really had to disseminate the information both you and MO had posted in the last two days. I find myself compartmentalizing the individual dynamics of PA into understandable bits.
You guys make it look easy...
I have to practice now... thanks again.
** if I ever 'get' this, I'll have questions about 'space' soon.
A fresh start! Doji's Trading Journal
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- newscalper
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I've not entered yet m8, PA isn't right
What I'm looking at is this - it's making lower supply levels on H4 and H1 - the reason it has just come up is because it hit a lower H4 level, upper H1 levels are still holding though and until one breaks up to the upside I'm still looking for a short.
Drop to M15 wait for the level - which has hit and look for PA, the last run into the level had some momo which is good, it's not just ranging into it but as yet there's no PA to warrant the short - demand levels on M5 are still moving up: no close over close under yet.
Targ is wherever price goes but at the outside that lower demand level which is the H4 zline (I'm well aware of the big H4 up bar but...not all H4 bars are printed the same : )
Apart from that, take no notice of me, I've lost a bloody fortune this last 2 weeks
What I'm looking at is this - it's making lower supply levels on H4 and H1 - the reason it has just come up is because it hit a lower H4 level, upper H1 levels are still holding though and until one breaks up to the upside I'm still looking for a short.
Drop to M15 wait for the level - which has hit and look for PA, the last run into the level had some momo which is good, it's not just ranging into it but as yet there's no PA to warrant the short - demand levels on M5 are still moving up: no close over close under yet.
Targ is wherever price goes but at the outside that lower demand level which is the H4 zline (I'm well aware of the big H4 up bar but...not all H4 bars are printed the same : )
Apart from that, take no notice of me, I've lost a bloody fortune this last 2 weeks
Last edited by newscalper on Fri Mar 22, 2013 2:28 pm, edited 1 time in total.
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