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JetTrader: Developmental Live Cash Journal


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JetTrader: Developmental Live Cash Journal

  #41 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162

Love to listen to this while trading:

Game of Thrones - Main Theme (Official Soundtrack Version) - YouTube

and this


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Can you help answer these questions
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  #42 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162



OmegaWave 1400 - 1800 continuation:

Haven't had a continuation this prolonged in a good while, but it is nice to see the residual memory holding inside the Wave.

A very critical hour, this one. As you can see, H1 Omega-Tac has finally crossed under Omega-strategic, signaling what could be the start of the Compression Phase that I spoke about earlier. Or, it could signal a rapid expansion of price coming soon. The reason for the belief that a rapid expansion in price is still possible for today's trading session, is due to the fact that Maximum Omega-Absolute (White Solid Line in H1 Indicator Window) has not been struck yet.

There are days when Maximum Omega-Absolute Value (White Solid Line in H1 Indicator Window) does not get struck. When that happens, Daily Omega is being compressed, which typically foretells of a rapid expansion in price occurring in the next session.

Current: +44 pips.

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  #43 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162


And, just like that - before I could finish typing, she starts her ballistic rant to the upside. The hunt for Maximum Omega-Abs is still on and I'm in pursuit.

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  #44 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162



Hopefully this will be the Maximum expansion run I've been waiting patiently for. She reaching escape velocity. Current +65 pips.

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  #45 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162




Note how H1 Omega-Tac (Gray MA Line) cross back above H1 Omega-Sac (White MA Line).

Just under Minimum H1 Omega spike level (Purple Solid Line in H1 Indicator Window).

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  #46 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162

Targeting 3723.

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  #47 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162

3723 is the Daily Omega-Tac/Omega-Sac range. Though I am using the H1 time frame, the Daily time frame sets the expected range. If the lower time frames remain active (their respective Omega-Tac over Omega-Sac) then the Daily has a better change of seeing its range fulfilled.

Right now, there is some question about M5. If you note, the Omega-Tac and Omega-Sac MA lines on M5 are scaling downward. That's not what I would normally expect to see at 1800 GMT and that give me cause to be somewhat hesitant about reaching the Daily target of 3723.

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  #48 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162

9 minutes remaining on the hour. Current: +73.5 pips.

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  #49 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162

Nice little H1 Trailing Short for the scalper - it was worth more than 20 pips if you caught it.

The new hour begins now at 1900 and still no Maximum Omega-Absolute Value spike to the white line. I am concerned about this price action at this point. Typically, the Maximum Omega-Abs Val spike does not take this long to materialize.

Still, patiently waiting at +54 pips for now.


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  #50 (permalink)
JetTrader
Edmonton, Canada
 
Posts: 187 since Apr 2011
Thanks Given: 12
Thanks Received: 162


Nice little development underway here. M5 Omega-Abs has turned Yellow again and both Omega-Tac and Omega-Sac, are starting to turn upwards. If that behavior in the M5 OmegaWave continues, then that will open the door for the H1 to finally see its Maximum Omega-Absolute Value spike to the White line.


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Last Updated on November 26, 2011


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