4/08/2017

dow jones sell off speculation on friday night

yesterday i took these two trades on dow jones futures. the first short after open was taken with 6 contracts, the second one with two only. the first trade had a runner with was planned to be closed somewhere near the low of the day,

unfortunately, the market filled my trailing stop precisely and dropped significantly afterward.
what was interesting at the second trade was waiting liquidity of the huge buy limit orders at the closing time.

here is the prinscreen, the white line on depth of market shows huge limit orders waiting to be filled. at first the price rebounds couple of time from this level.
at the end it went through filling all the waiting limits (cca 230 on one level). as these limits were filled, i closed the trade, because i expected the price to move higher. anyway, it didn´t. the market closed somewhere around near this level. 

here is how the footprint chart looks at that particular place. you can see higher ammoung of sell market order paired up withthe waiting buy limit side (te low of the bar at 14:58)
here is the slower timeframe (30 min). the trade looks good, pity it was with a small position only
result +720 usd

1 comment:

  1. Hey mate, do you mind if I ask you to share your SC chart books? Is there any chance to test drive the WEM's tools as shown on your charts? Checked their webs, but it is total czech, no English, hard to figure out where, if at all, it is offered. Thanks very much indeed.

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