Busy looking chart, but let's break it down. The first two arrows were yesterday's entries... just missed the pivot... no trades. I have deleted those entries after taking the pic. The next two arrows to the right are today's entry locations. ...

Gejordan Weekly Journal

Bias UP Move UP Price above the simple50 and pivot, so the exercise is to place entries at each. image

Gejordan Weekly Journal

I am going to add a component to the Weekly Bias so we can have some No Bias, follow the move, work. If MACD value is above 0 and increasing - UP BIAS If MACD value is above 0 and decreasing - NO BIAS, follow the move If MACD value is below 0 and ...

Gejordan Weekly Journal

Make sure to catch the last post, but also, I was thinking we could alter our bias rules a bit so we get more practice. If MACD value is above 0 and increasing - UP BIAS If MACD value is above 0 and decreasing - NO BIAS, follow the move If MACD ...

Rearden's Journal

Remember, we are dumb money. So the point of the exercise is to ask questions while following the rules. The outcomes will give you answers. One instance doesn't answer the question. Don't be in a hurry to answer the questions or guess. Let ...

Rearden's Journal

image Price hit TP. ? Price was below simple50 and pivot for a few days and then closed above. This preceded this move back in the direction of the bias. ? After close back above, good retrace entries ? Bouncing is normal, better entries make this ...

Gejordan Weekly Journal

I was just trying to illustrate that entries are often best where others are exiting. When the situations arise.

Rearden's Journal

Entry would be at the same place as yesterday's entry so no need to add positions. TP in the 70s.

Gejordan Weekly Journal

You already have entries where today's entries would be, so you don't have to enter again. You aren't going to really learn anything additional that this exercise is meant for by having more entries in the same place.

Rearden's Journal

Pretty good place to enter, huh? (not during the exercise, but, in general)

Rearden's Journal

You are already in this swing, so move up to the next one for TP for the exercise.

Rearden's Journal

Right now, entry and exit should be the simplest things you do. Hardly a thought to give. Thinking should be reserved for the big picture of what is happening on the chart and the takeaways of how trading decisions make you feel. Good takeaways

Rearden's Journal

For the first time in a few days we start above the simple50 and pivot. We'll see if that could mean anything. Yet, smack dab in the middle of a range. Entries set at Simple50 and Pivot. I have choices on the TP... could go for 1.1930s in case we ...

Gejordan Weekly Journal

This is a nice visual that there were better outcomes for those early positions you closed on Friday. Make sure you let them do their thing per the rules of the exercise so you can experience it emotionally as well as visually.

Rearden's Journal

cont'd look at August before I started image Up move official on the 18th. Same day price retreated to below the s50 and pivot and back into the range and closed there. Trapped in some longs from top of move. Would have been stuck in those early ...

Gejordan Weekly Journal

Since I'm starting this late August, let me see what early August would have been like. image All of August has been an UP BIAS, but beginning of August brought a down move. So no trades until Aug 19. I didn't do this exercise during this time, so ...

Gejordan Weekly Journal

image Price hit the TP while I was sleeping. I made some markings to show where the TP was originally for the first entry. Then I move it down with the position I took last night into the body of the swing from which price came before that entry. ...

Gejordan Weekly Journal

Price is exactly where entry was yesterday but it arrived here from a smaller swing down so I can move the TP down into this swing in the 1840s. Might be something to learn here and take note of and store in the memory banks. Rearden, maybe you can ...

Gejordan Weekly Journal

it's $20-$40 for the whole exercise, not per trade. Hopefully that was a typo. You've probably also heard me say this quite a bit to people in the past... there is a lot to learn in the mind's resistance to following rules you set for yourself.

Rearden's Journal

I'll do the exercise with you Rearden, but keep doing things on your end, You will internalize nothing if you just watch me, you have to do it for yourself as well. I won't be replying to anyone on this thread. I'll expect you to comment on anything ...

Gejordan Weekly Journal