timed out exits

another extremely boring, non-volatile session with a balanced profile. favourable for karel (market maker), unfavourable for traders. i came late again, somewhere around lunch time. the market slept and did not want to wake up.

i tried two trades today, and karel played with me a lot and forced me to left both positions with zero result. i used timed out exits for both the deals.

the first trade was short at nq in a valid intermarket state with a nice overpressure of breakout buyers. this is a good orderflow situation except there is no secondary liquidity for closing the first target, thus making it little bit more risky. anyway, it was one of  the best situations today and i am in

i am getting rid of the deal after more that 20 minutes when it was clear enough that the edge of the entry was gone. the time being spent in an open positions is in inverse relationship with the validity of an orderfow setup. i am out.

the second deal was short at ym, again. one of the best market auction setups so far - according to tapereading we can see a slight gradation of buyers and the first target is in logical level. i am in

but.. shorting double top is always risky because it is too visible for everyone, therefore being inclinable for karel´s conspiracy games.. and yes.. he started to absorb high sellers which are predictable for me, the risk of the deal increased accordingly. moreover, i spent lot of time in that position and the edge of the trade almost dimished. i am out

karel won :-(