price finds demand zone . s/l below lows looking for hh.
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Need to monitor more over coming hrs as chart structure not confirming buyers are in total control yet . Intra day/ day trading method set up. Price dynamics ok, but if sellers continue to strengthen on me that's when l'll move to the sidelines with exit. First Troubled Area $5 zone. DYOR. Perma.
Trade closed manually
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Price structure unfavorable seller behavior too strong for me , cut loss, kept it small also was within wrong tf to trade from it turns out . Will switch direction once pullback and supply zone is known and tested.
------ End of week journaling ---- Exited short, as CT move was expected to come to an end. Missed the switch, price popped to upside without me though :( ><. Overall direction and momentum change was clearly defined but my demand zones/ drawings were off- Kilter. ATM l'm playing around experimenting with a transitional period back into stocks from many years of only currency trading where these gaps happen way less on timeframes and price charts from a technical analysis view in FX. It's nice to finally revisit, refamiliarize, understand raw stock price, its behavior, structure and rhythm again as this's where l first learn 't to cut my teeth many years ago on my trading journey. It'll be nice to confirm my edge over these markets while l confront these overall little issues and processes again knowing better price structure, understanding, seasoned study, how, why, when and who, using a seasoned mindset from Forex analysis and knowing it works the same ways as any chart TA instrument.
Topic ATM or my shortcomings are to better gauge - GAPPING Candlestick formations, taking into account open and closes that gap , these Price Action Candlestick Formations will teaching me their fine tuned dynamics and help to draw main Supply and Demand zone more clearly, these zones of interest are where you need to trade into and from ;) ..
Bring on next week. love a challenge..
PERMA
Permaculture
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Scalping region, shorted at $5.16 but l need to see good buyer resistance up here and price structure over coming days..
Permaculture
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@Permaculture, update on scalp /daily trade- short from recent highs, before close, exiting 3/4 off today at $4.84 sl moved to break even +.
Topic ATM or my shortcomings are to better gauge - GAPPING Candlestick formations, taking into account open and closes that gap , these Price Action Candlestick Formations will teaching me their fine tuned dynamics and help to draw main Supply and Demand zone more clearly, these zones of interest are where you need to trade into and from ;) ..
Bring on next week.
love a challenge..
PERMA