Another well detailed read thanks

My 2nd demo account is about to expire so will have to go live soon
It seems the more I learn the harder it gets
Hopefully these concepts will help for the bumpy ride ahead


I'm in a forex group (whatsapp) which does pretty good discussions on potential trades and I use Trading View.
Other than this thread, can anyone recomend similar for futures (ES)?

best wishes
g.

gizmoisone 

Another well detailed read thanks My 2nd demo account is about to expire so will have to go live soon It seems the more I learn the harder it gets Hopefully these concepts will help for the bumpy ride ahead I'm in a forex group (whatsapp) which does pretty good discussions on potential trades and I use Trading View. Other than this thread, can anyone recomend similar for futures (ES)? best wishes g.

read this starting with the first post by tigertrader. He doesn't post much here anymore but there is an education to be had if you're willing to devote the time to read.

Spoo-nalysis ES e-mini futures S&P 500 Lame Ducks Both Fed Chairman Bernanke’s remarks yesterday and President Obama’s speech last night about his jobs plan; combined, failed to reassure the market that a solution to the country’s economic woes was at hand, and the …

gizmoisone 

Another well detailed read thanks My 2nd demo account is about to expire so will have to go live soon It seems the more I learn the harder it gets Hopefully these concepts will help for the bumpy ride ahead I'm in a forex group (whatsapp) which does pretty good discussions on potential trades and I use Trading View. Other than this thread, can anyone recomend similar for futures (ES)? best wishes g.

lots of good info here, as well:

InletCap's Random Collections ***My goal for this journal*** ***Please do not post in this box!!*** It's my intention to one day have a post here about each of the 10 elements I believe are all one needs to understand to be a successful Day Trader. I've knocked a couple …

The PDF contains the answers to some of the most popular questions asked:

Hope this helps,

F

PDF attached (3 pages)

Wyckoff and VSA at play in today's action:

Trend Channel Behaviour (major insights)
Effort vs. Result
VSA no demand setup (perfect background conditions)
Classic Wyckoff - Rally back to Ice (setup)
Volume Reading
Unusual Price Action
Multiple Time Frames

PDF attached (3 pages)

Wyckoff and VSA principles at play in today's action:

Upthrust (setup) excellent example
No demand test (setup)
Bottom reversals
Cluster of Closes

and V - Spike Reversals

PDF attached (3 pages)

In chronicles for 26/10 ES you wrote "especially V-Spike as it is incredibly hard to trade"
How right you are. Day 2 of my live account expedidition and doing well, until the "V"
I completely misread "D" for a weak pullback for next leg down, it was not a weak pullback! and "D" + next bar handed me some valuable trading experience (one I'm sure all good traders have had)

Thanks for the PDF, have printed for extended study.
happy trading

gizmoisone 

In chronicles for 26/10 ES you wrote "especially V-Spike as it is incredibly hard to trade" How right you are. Day 2 of my live account expedidition and doing well, until the "V" I completely misread "D" for a weak pullback for next leg down, it was not a weak pullback! and "D" + next bar handed me some valuable trading experience (one I'm sure all good traders have had) Thanks for the PDF, have printed for extended study. happy trading

Thank you for the kind comments:

There is one piece of critical information why bar D is NOT a potential trade. Structure; there was a major potential DAILY support area literally a couple of points underneath (the low of bar B in yesterdays Chronicle) This area sticks out like a sore thumb, in addition a few points under there was also another daily support area. Please be careful and make sure that you aware of higher timeframe structural areas, mark them on your smaller timeframe chart before the market opens. Higher timeframe support will nearly (but not always) give a 3 to 5 point bounce, bear this in mind
It is also very wise to never short directly into support or take long positions into resistance. Unless you have an extremely good read. Good luck, glad to hear its going well

Hope this helps,

F

Thank you very much for this week's analysis. The recovery on Wednesday was difficult to deal with, as I kept expecting another test or continuation. I wasn't sure at the end of the day if that was sufficient buying to be considered a reversal. But it seems like with today's activity and new ATHs, that it was the case.
The market is fascinating. Have a nice weekend!

Wyckoff and VSA principles at play in today's action:

Absorption (to be or not to be?)
Classic Wyckoff (BUEC Setup)
Multiple Time Frames
Waves
Comparison Analysis
Importance of Structure - Trend Channels

PDF attached (3 pages)