live intraday trading e-mini futures based on orderflow (tapereading), volume and intermarket analysis
6/13/2016
today´s trading session was pretty much about being able to overcome psychological stress of losing. although i am not a fan of letting trades fall into such a deep drawdowns, sometimes it just happens. anyway, although it ended up with profit 560 usd, this is something i don´t really feel comfortable with. this is how it should not look like..
6/12/2016
luring buyers - shorting the mid
friday the 10th, the market offered this setup, "luring buyers",
although this was a loss, it is a trade that deserved that risk. this is where i closed the deal
although this was a loss, it is a trade that deserved that risk. this is where i closed the deal
6/09/2016
how to put an entry in a consolidation according to volume
this is an example how to (not) put a trade within a tiny consolidation - i opened the first two contracts in the middle of the consolidation which is definitely wrong place, it was a mistake and not be repeated - as soon as i put the deal, the price moved downward to test the volume cluster where i opened other two contracts to move the average price slightly below. the truth is, that this was the level where the first set of two contracts should have have been opened, not the second one. the market can always test (or break) the low of the consolidation where the stop losses of buyers might be hidden, which, after all, happened right away - the market looked bellow the low to check the "stop loss liquidity", and obviously, found nothing interesting, and thus it is the signal to open another contract to move the average entry price even lower, with the target in the middle of the consolidation where the most volume, and most liquidity, is waiting to be tested next - that what exactly happened..
6/07/2016
today´s first deal was long at dow jones when i figured out the trending market structure. after a bearish candle with one sided auction finished with an accumulation of sellers, i jumped into the long position. this is the kind of volume/price action that i construe as "luring for selling" - in order to take such a deal, i need to see the price retreats from high with very strictly defined volume profile of the bearish candle. it has to look like this one - lot of sellers vs. no buyers with strong selling pressure at the end.
although the market moved lower, i believed in that deal and finaly took profit, unfortunately, the market did not went too far up, as i assumed previously, so i booked only first target and the second one ended up at the break even price.
the next and last trade of the day was at nq, short. timing entry was very preciselly done according to the wtr study (u can find it for free at intraday.cz) the entry level was planed couple of minutes before the trade happened so yeah, these are the kind of deals that i like the most - a perfect locatin with a perfect orderflow situation - i took it with higher position
this is how i closed that trade
6/06/2016
today´s markets started with a sharp upward movement but after a couple of dozens minutes they became extremely slow and hard to trade. these are the times when it is better to switch the charts off and take a nap..
i tried to catch the first-touch high of dow jones, but after my short entry, the market imminently absorbed high number of high sellers (which is always a bad sign) and kept crawling to higher prices (which is even worse when being short). he surged in a mode that i attribute to a fond or a bank (more on this point latter). i decide to open one more contract at a higher price (although the market setup was not perfect, so in order to move my average entry price higher and thus was able to get easily out of this risky position and take the target as soon as possible. regrettably, ym continued eating high sellers without letting the price fall down. i closed that deal and took a small loss since i figured out i was at the wrong side of the market..
all other trades were at nq and all were profitable. the last one was little bit creepy, as the first part of the position was opened too early at (false) break of daily high, and closed at the worst moment possible, just before the market moved towards poc where the original target was put. the market does this to me on purpose really..
i tried to catch the first-touch high of dow jones, but after my short entry, the market imminently absorbed high number of high sellers (which is always a bad sign) and kept crawling to higher prices (which is even worse when being short). he surged in a mode that i attribute to a fond or a bank (more on this point latter). i decide to open one more contract at a higher price (although the market setup was not perfect, so in order to move my average entry price higher and thus was able to get easily out of this risky position and take the target as soon as possible. regrettably, ym continued eating high sellers without letting the price fall down. i closed that deal and took a small loss since i figured out i was at the wrong side of the market..
5/03/2016
trendline speculation against deep buyers
5/02/2016
times and sales indicating short entry
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