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

No comments:

Post a Comment