today´s markets were readable, but, again, terribly nonvolatile, the first two trades were in the name of intermarket liquidity abuse.
the first one on ym is another example of a speculation on a safe zone above daily high in intermarket divergence 4, on e-mini dow jones - this is 100% entry - no need to think about it at all
the second trade was short on e-mini nasdaq. the idea behind this trade is again the same - liquidity of deep buyers in intermarket state + gradation of late buyers who jumped into the market when it was confirmed that it reversed.
safe exit within the daily range
the third trade was a small loss when i tried to catch the daily low..
after my entry the market absorbed huge volume of buyers which made the position very risky. i closed that deal at another break of the daily low - even though i could have let it because, according to the tape reader, the seller´s power was not strong.. retrospectively i consider this to be a mistake, it would have been much better to buy some more instead of closing the deal right here. but retrospectively doesn´t count.. there were risky elements (ask volume, extreme negative tick) and you never know how deep the price can dig..
the last trade was very small., long on nq into the weakening concentration of sellers
without volatility - i took what was given
result 183 usd was ok for today´s nonvolatile markets. these days are generally difficult due to low volatility
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