Market potential for continuation

1. Extremes show rejected prices. In an uptrending market, sound rejection on the top price is an argument against trend continuation.
2. In an uptrending market, an upper range extension that holds argues for continuation of trend.
3. In an uptrending market, more TPO's below the POC argues for upside continuation.
4. Trading above the previous day value area shows upside strength.

Nie pamietam, gdzie to znalazlem.

7 principles of consistnecy

From "Trading in zone" - Mark Douglas

1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.

Five fundamental truths

From "Trading in zone" - Mark Douglas

1. Anything can happen.
2. You do not need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that difine an edge.
4. An edge is nothing more than an indication of higher probability of one thing happening over another.
5. Every moment in the market is unique.

Value areas

Last week Value:
Vah = 1115.25
Val = 1099.75

November Value:
Vah = 1112.25
Val = 1064.50