market neutralization

it was quite a peculiar session today. after open, we could see higher numbers on volume, the price surging to new territories, and, especially at nasdaq, sell market orders being eaten at higher prices by buy limit side. this is always the orderflow context telling me i should not sell short. from my viewpoint, there was no chance to catch the daily high, there was no observable extinction of buyers

today´s market auction was totally different from what we were used to from previous days. it was thick, solid, compact and introvert-like. i was patiently waiting for a signal to jump in.

i preferred shorts on e-mini dow jones somewhere around here

it was quite apparent that dow was undervalued, luring buyers (see the delta). however, the timing entry was not clear enough - i wanted to see the sentiment after breaking high of the consolidation which did not happen, and therefore, i was without the deal (maybe i could/should have been little bit more aggressive. the intermarket state was really evident..)

after a while, the market dropped to the ground. what a stoprun to daily low and long-term-consolidation buyers! it was one of the most volatile movement in this month (and i was off..) and a nice example of a (long term) market neutralization

from now on, we start playing from the zero point. the mode in which the market operated since then changed radically..

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i took just one trade today. long at nq where the orderflow situation was absolutely perfect

unfortunately i was not able to gain as high profit as i expected, because another form of (local) market neutralization came into place while holding the position. i was forced to close the deal right here (and it appeared to be a wise decision)

i felt sad and angry because i really expected to make much more out of this trade - the orderflow situation was amazing and the result not even 100 usd is a great disappointment