8/08/2016

speculation on liquidity area bellow daily low

i came late today and took just trade as a speculation to daily low breakout for testing the liquidity. the markets were extremely lazy again and this was the only deal i could recognize as "highly probable".

when u see a chart setting like this there is really not much you can do - the price is flat, the volume is low, the market auction very weak and order flow unreadable. just one thing that should pierce oneÅ› eye: price/delta divergence. price is falling, the delta is rising: what does that mean? - liquidity concentrating bellow daily low
timing entry was not precise as it is absolutely impossible in this kind of environment. i jumped into the trade right here. the risk reward was ok - the first part of position could be safely closed within market range
market profile charts support the idea tpo poc to be tested
this is how it ended up
100 usd

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