Private Banker 

Hey Gary, Looks like a failed breakout after balancing for several days. I would think the market would test the lower end of the balance area in which it just returned back into. As for the IB on the last session, the market formed a modest balance if that in the IB period and the market continued to reject the IB for the remainder of the day. Hopefully that was what you were asking here. Cheers, Ben

This is the weekly. I am understanding the "balance area" to be this range.





But also did not find Friday's support to be unexpected, with the confluence of the DALT / measured move of the prior major down, and the 786 of the recent major up.

Private Banker 

Looks like a failed breakout after balancing for several days. I would think the market would test the lower end of the balance area in which it just returned back into. As for the IB on the last session, the market formed a modest balance if that in the IB period and the market continued to reject the IB for the remainder of the day.

Ben, taking the TPOVA chart and just using a price line helps me to see where value has clustered before. I had this chart marked up Friday also, but did not pay as much attention to it since it is new to me. This is just an adaptation of something you watch.

Once price opened so far below the prior day's range last week, I started looking for where it was headed. Are the areas I defined for myself something you would agree with? Or more, the skipping past the other areas?

Journaling can be frustrating. Trying to drag out the contents of your thoughts, meanwhile ridding yourself of concern about that anyone else might think...

And that came from having some great thought as I talked with my wife, but then continuing with the conversation to the point where the fire went out on the thought that conceived this post, and then logging on to document it, but not really being able to define it anymore.

aka, Frustrating

aka, "Fuck", anything that says, I don't have anything to say, but want to be heard.

Survival has limited ties to helping others. And the desire to help others can originate from feeling there is plenty. And, fear can originate from feeling there is not.

The further from fear the closer to wanting to help. Or, the closer to feeing powerful. But it becomes a crossroads.

Watching value play out before going to bed.

Wondering if the pros of journaling outweigh the cons.

Training Piper not to eat Short Squeeze. Something wieurd shifted in bed last night. Jealousy? Fear of not having enuogh to go around? Protectivism? Whatever it is, we have some of it.

Monday



Copper testing $3

Silver, gold, platinum, all coming off. Percentage-wise silver still is the most impressive.



Crude pushed through Friday's support in the ON session, but has risen back into Friday's RTH range currently.





I met a new interesting trader last night via Skype, had a long fun conversation. Each experience like that seems to build comfort for me. That lead to some deeper stuff with Melissa as the night went on.

Melissa really does not like the name Short Squeeze... I offered to negotiate with Kitty Kitty Bang Bang... still in talks.



ES is testing the local key support zone, using a recent base as a key reference, and it may provide trade opportunities today, but the larger chart and channels is still something I am watching.

GaryD 

Ben, taking the TPOVA chart and just using a price line helps me to see where value has clustered before. I had this chart marked up Friday also, but did not pay as much attention to it since it is new to me. This is just an adaptation of something you watch. Once price opened so far below the prior day's range last week, I started looking for where it was headed. Are the areas I defined for myself something you would agree with? Or more, the skipping past the other areas?

Hey Gary,

I assume you're just tracking value areas here? While tracking value is important, its equally if not more important to pay attention to structure (areas of excess) to identify support and resistance areas (trade locations) and areas of acceptance (targets).

Looking to buy

Watching a few more of @Private Banker's charts this week. Tough to do sometimes while sorting out what stays and what goes. I initially just brought a couple in, then modified them, then another, more modifying... Up to 15 charts today, had to move things around to see them, crazy. My right monitor is packed with 8 of them. I need to get this back down in the next few days, but just wanted to see a few things live and it is hard to know what I want to see without seeing it. They are still his charts, not mine.