Day ShortKing W. Harbmayg's Journal Entry#11
Primary— “High & Low Approach”
Day Trade
1. Thesis:
Short
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 5
Communication— 5
Highofday
Day ShortKing W. Harbmayg's Journal Entry #8
1. Thesis: Price is at my 50 level outside the 100 pip box and is at the HOD and HOW. It broke a low which influenced me to get in. This is a counter trend back to the 100 pip box where I will scout for a potential buy. Also the evening star presented, adding more confirmation with a tight SL right at the top of the formation.
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 4
Communication— 5
Day TradeKing W. Harbmayg's Journal Entry #6
1. Thesis: Price broke previous day's high before pulling back, giving what is likely a false break since structure is still primarily to the downside. I believe sells are in order; with my stop loss set at the above all high, I feel relatively secured if this move is indeed a breakout reversal.
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 4
Communication— 5
GBPCHF ShortPrice pushed 3 times up.
- cleared yday high
- cleared some selling liquidity from last week
- once more push up to shake out sellers.
price action:
-engulfing bear candle,
- bear pin hammer
Short for a 30-40pip target
EURUSD ShortFinal Push up in NY session.
Double top formed end of LON and Pre-NY as a trap to trap sellers.
HOD confirmed with engulfing Bear candle.
Short targetting Asian range.
High of Day Breakout/RejectQuick video of playing a High of Day breakout and how to avoid a big drawdown.
Playing intraday high and low breakoutsThis seems like a decent strategy that may give you a quick/small stop out, or a long ride. Potential to add to trades as each level is breached. Indicators used are: new intraday high/low (green and red dotted lines) and midpoint (white solid line). The idea is to place an order in the same direction as the breakout (high or low), with a few points as a target, and a break even, or small loss, stop. It appears to present many times through out the day, allowing for many opportunities.
