Ok finally......

Didn't get the best entry...but its in the right area this time 10/10





Got 1st scale out

Risk hedged

Does 92.25 look familiar?

GaryD 

Does 92.25 look familiar?

3 days in a row baby

6 on a scale

I made the same mistake I made yesterday (placing my stop too tight). I got long at 92.29 but put my stop under the the newly formed LOD at 92.19.

Being very new to this, I could see the area I wanted to enter on, but getting in was a little more challenging. Was there some evidence of buying absorption on the footprint I could have used to time my entry better?

Tiger45 

I made the same mistake I made yesterday (placing my stop too tight). I got long at 92.29 but put my stop under the the newly formed LOD at 92.19. Being very new to this, I could see the area I wanted to enter on, but getting in was a little more challenging. Was there some evidence of buying absorption on the footprint I could have used to time my entry better?

I have an entry criteria that is just lower volume on a retest when the market is at a level WHEN THE CONTEXT IS RIGHT. I just call it a "low volume retest" - see the chart. When this occurs on a trading range day at a supportive level, its a great entry. I got in there at 92.21 and rode it back up. Hope that helps!

Thanks. I'm using a tick chart that doesn't have volume. Maybe I need to rethink that.

Surly 

I have an entry criteria that is just lower volume on a retest when the market is at a level WHEN THE CONTEXT IS RIGHT. I just call it a "low volume retest" - see the chart. When this occurs on a trading range day at a supportive level, its a great entry. I got in there at 92.21 and rode it back up. Hope that helps!

Tiger45 

Thanks. I'm using a tick chart that doesn't have volume. Maybe I need to rethink that.

I don't watch the 1-minute chart except under specific circumstances - for me it is too distracting to watch the PA on that short a timeframe. I use the 5m chart but when I'm looking for this type of entry I just change the bars to 1m bars until I'm in the trade...