dumb sellers vs. smart sellers

here are two example of sell market volume cluster.

in the first case, market orders reveal huge sell market orders and the price move against it. in the second case, it doesn't reveal any aggressive sell market orders.

this is the footprint chart 

this is how it happened

this might be one of the way how to discriminate between aggressive and tender approach through wmo and out filter some falls signals and infilter some missed opportunities. not necessarily always huge cluster in my way is a negative signal for entry. but it needs more in-depth study of this phenomena

dow jones hit 20000 points

for the first time ever, dow jones has hit the level of 20000 today. but, who cares? i don't, i traded nasdaq futures today when dow jones, sp500 and emd were undervalued.

nasdaq hit its high and i took a breakout

the reason is quite clear from this view. i opened 2 instead of 3 - the risk area was near and i was ready to compensate.

result

donald trump inauguration speech

today was the day D for donald. today, the inauguration of the president of the united states took place. donald trump had a speech. as a result of that, the markets were quite volatile until the very end of the session..

this is the full intraday session in two minutes chart

one short later in the afternoon - timing entry based on the extinction of breakout buyers.

 before i took one more short so the result for today is 300 usd

diminishing buy market side

after breakout of the long a tedious consolidation there was observable extinction of buyers at the upper prices

here, after couple of minutes, the entry is validated

exit, f__king slow market 

wem´s last public entry

against late buyers in undervalued nasdaq futures

exit after seller´s eruption

dow jones futures short (after trapped late buyers)

these days after american lunch the volatility drops significantly and the markets are literally dead. trading in such environment takes lot of discipline when t comes to waiting for an opportunity. there are not many opportunities these days, so whenever one appears, one need to catch it quickly, automatically.

this was the only tradeable situation today. ym futures tried to break the swing high but the buyers were absorbed. the entry moment is here:

here is the support at market orders that show diminishing power of buy market side - this would be a better moment for the entry

a nice "second entry" in the area of my "first entry"

wmo shows no interest at buy market side and it is flat - good for "second entry"

although i planned the second target further, i closed it prematurely because i did not have any profit today and the market were terribly slow and tiring today (and about to close in a while)

mid test

timing entry based on extinction of buyers in a nonvolaile sluggish market. after test of the thickened price and pull back - exit