Classic Price Action Trading Daily Review List

Inspired by classic technical analysis and modern educators like Dr. Al Brooks, Ali Moin-Afshari, Edwards & Magee and others.

Trend lines

Trend lines

Bear trend line is above

Bull trend line is below

Draw from spike vs draw from 1st pullback along channel

Trend lines

• Stick with Always in Direction

• Fade the CT (pullback)

Trend line break

When can you fade them?

What if you got stuck? How to manage it?

5 Min Chart

Trend channel line

Bull draw above

Bear draw below

(show overshoots)

5 Min Chart

Trend channel line break

How to exit or trade reversal?

5 Min Chart

Double top

Neckline MM down

5 Min Chart

Double top failed

• Sideways? MM up?

• Drift back to Breakout point?

5 Min Chart

Double bottom

Neckline MM Up

5 Min Chart

Double bottom failed

• Sideways? MM down?

• Drift back to Breakout point?

5 Min Chart

Wedge top

2 legs sideways to down

Is the wedge trend or counter-trend?

Did it break a trend line?

5 Min Chart

Wedge top failed

MM Up

Test later on

5 Min Chart

Wedge bottom

2 legs sideways to up

Is the wedge trend or counter-trend?

Did it break a trend line?

5 Min Chart

Wedge bottom failed

MM Down

Test later on

5 Min Chart

Reasonable buy the close / sell the close

5 Min Chart

Reasonable buy the close / sell the close failed

5 Min Chart

Reasonable buy on a stop above / sell on a stop below

5 Min Chart

Reasonable Stop Entries Failed:

• Buy on a stop 1 tick above the high of prior bar failed

• Sell on a stop 1 tick below the low of prior bar failed

Examples

• H1 / L1 Failed

• H2 / L2 Failed

• H3 / L3 Failed

Always In

Consecutive (CSC) good bars

• Consecutive bull bars (good size) closing on high and at least one above MA

• Consecutive bear bars (good size) closing on low and at least one below MA

Notes:

• Better if breaking out of something (anything)

• What happens if its in a late leg?

Moving Average Gap Bar entries

MAG

Moving Average Gap Bar entries

Success v Failure

Scalp v Swing?

Breaks trendline

Test Extreme

Pullbacks

Pullbacks - 2LPB Entries