Firewalker's Journey: A path of discovery in search for enlightenment

This is a discussion on Firewalker's Journey: A path of discovery in search for enlightenment within the Trading Journals forums, part of the Reception category; Originally Posted by dbphoenix Copy out the first intraday chart and annotate every penetration of S/R of three ticks or ...

Closed Thread
 
LinkBack Thread Tools Search this Thread
Old Aug 18, 2006, 2:21pm   #211
 
firewalker99's Avatar
Joined Jul 2006
firewalker99 started this thread
Quote:
Originally Posted by dbphoenix
Copy out the first intraday chart and annotate every penetration of S/R of three ticks or more.
...
Attached Thumbnails
sr2fw.jpg  
firewalker99 is offline  
Old Aug 18, 2006, 2:32pm   #212
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by firewalker99
...
This is the last chart. Post the first chart.
dbphoenix is offline  
Old Aug 18, 2006, 2:41pm   #213
 
firewalker99's Avatar
Joined Jul 2006
firewalker99 started this thread
Quote:
Originally Posted by dbphoenix
This is the last chart. Post the first chart.
Thought you meant the first intraday chart, with intraday meaning only data of one day.
Attached Thumbnails
sr2fw.jpg  

Last edited by firewalker99; Aug 18, 2006 at 2:59pm.
firewalker99 is offline  
Old Aug 18, 2006, 2:52pm   #214
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by firewalker99
Thought you meant the first intraday chart, with intraday meaning only data of one day.
All the charts posted are intraday charts.

There's no need to annotate penetrations of S/R for 7/7 since only two S/R lines are drawn.

What S/R level do you consider your annotation for the 7/10 open to be a penetration of?
dbphoenix is offline  
Old Aug 18, 2006, 2:59pm   #215
 
firewalker99's Avatar
Joined Jul 2006
firewalker99 started this thread
Quote:
Originally Posted by dbphoenix
All the charts posted are intraday charts.

There's no need to annotate penetrations of S/R for 7/7 since only two S/R lines are drawn.

What S/R level do you consider your annotation for the 7/10 open to be a penetration of?
That one was incorrect, I already changed my post.
firewalker99 is offline  
Old Aug 18, 2006, 3:03pm   #216
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by firewalker99
That one was incorrect, I already changed my post.
Now copy out the second intraday chart and annotate every penetration of S/R of three ticks or more. If you want to raise the line at 1550 to 1550.50, or draw a new line at 1550.50, feel free.
dbphoenix is offline  
Old Aug 18, 2006, 3:13pm   #217
 
firewalker99's Avatar
Joined Jul 2006
firewalker99 started this thread
Quote:
Originally Posted by dbphoenix
Now copy out the second intraday chart and annotate every penetration of S/R of three ticks or more. If you want to raise the line at 1550 to 1550.50, or draw a new line at 1550.50, feel free.
I chose not to draw a new line and so at the end I have another penetration. If the line were at .50, it would be nip-and-tuck.
Attached Thumbnails
sr3.jpg  
firewalker99 is offline  
Old Aug 18, 2006, 3:19pm   #218
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by firewalker99
I chose not to draw a new line and so at the end I have another penetration. If the line were at .50, it would be nip-and-tuck.
Which of the trades for 7/10 are long and which are short?
dbphoenix is offline  
Old Aug 18, 2006, 3:29pm   #219
 
firewalker99's Avatar
Joined Jul 2006
firewalker99 started this thread
Quote:
Originally Posted by dbphoenix
Which of the trades for 7/10 are long and which are short?
numbers are approximate:

(1) Long @ 1556 around 0930
(2) Short @ 1553 around 0945
(3) Long again @ 1556 second top
(4) Short again @ 1553 around 1025
(5) Short @ 1549 around 1030
(6) Long @ 1551.50 at right end of the chart

Long because of breakthrough up through R,
short because of breakthrough down through S.
If I were to follow the trend or act purely countertrend, only one type of trades (long/short) would be executed.
firewalker99 is offline  
Old Aug 18, 2006, 3:33pm   #220
 
dbphoenix's Avatar
Joined Aug 2003
Quote:
Originally Posted by firewalker99
numbers are approximate:

(1) Long @ 1556 around 0930
(2) Short @ 1553 around 0945
(3) Long again @ 1556 second top
(4) Short again @ 1553 around 1025
(5) Short @ 1549 around 1030
(6) Long @ 1551.50 at right end of the chart

Long because of breakthrough up through R,
short because of breakthrough down through S.
If I were to follow the trend or act purely countertrend, only one type of trades (long/short) would be executed.
If you're entering at 3 ticks above R or below S, numbers should be exact.

Trend is not a consideration.
dbphoenix is offline  
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Strategy discovery program rsidivergence Trading Software 9 Nov 8, 2010 2:09pm
A Step Toward Enlightenment? trendie General Trading Chat 1 Jun 29, 2008 1:30pm
Firewalker's Journey: A path of discovery in search for enlightenment firewalker99 Trading Journals 569 Nov 6, 2007 9:48am
Enlightenment colinn First Steps 5 Nov 10, 2004 10:26am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)