Rockwall, tx
Posts: 3 since Jan 2012
Thanks Given: 1
Thanks Received: 2
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My trading journal objective:
take a close look at my selection and execution process using education gleaned from reading Al Books book "Trading Price Action Trends" to improve my trading.
current positions in market as of today:
ATLS: bought at 24.80 - targets: 26.80 and 27.85. Stop loss at 24
DRYS: bought at 3.84 - targets: 4.34 and 5.10. Stop loss at 3.62
TBF: bought at 32.19 - target: 32.88. Stop loss at 32.15
Plan:
Review for short term moves in the market, based on daily action and see if Al's set ups work on a daily timeframe for me like they do for him on his 5min charts. Identify positive set ups with potential profitable upside targets and hard stop loss targets. Will be using price bars only plus 20ema based Al Brooks Trading Price Action Trends book. Will use what I can understand and apply to test in this journal. Should be interesting and educational (and hopefully, profitable).
Let the journey (and journal) begin.
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