mirroring of intraday price action

an entry into a falling market - not reversal. this is that kind of entries that i dont perform often a are not easily repeatable for me, thus they are more risky. it was supported by wmo, (a new sierra chart study that i use)

here is how the trade looks at alternative timeframe (revezal 8 ticks). from this it is easily recognizable that this is a very peculiar trade for me, since normaly i go against the movement - this time i went with it

the revezal timeframe exposes one important thing - the mirroring of intraday price action

result 250 usd

illusion of a falling market

this is an example of creating an illusion that the dow jones (ym) market literally is going to drop. i am going against as soon as i see the sellers diminished

unfortunately i was filled with only part position - 1 contract instead of 3. so i close it in the size of the regular rotation. the market moved up as expected (without me). if i opened the full position as intended, i would close the third one somewhere near the breakout of the daily high.

before than i took a loss of 200 usd on nasdaq futures. i consider it to be that kind of a loss which is objective. it belongs to that system. 

this was my entry price, speculation on the intermarket buyer´s liquidity to be used for lowering the nq futures price. it didnt happen, so i took a loss, but is a loss which is easy to accept as it is a part of the system

short into a trend

on friday, 18th of november, i took this nice short into a falling trend on e-mini nasdaq futures in intermarket state.

after that, the price died.

the same situation for a short entry appread 20 minutes earlier at 9:06, but i was not able to catch it as it did not fit into the risk

before that there was a small loss at e-mini ym, so the result is .... 

liquidity abuse in nonvolatile markets

the markets were terribly nonvolatile today.

as usual, i could not trade the open, because of some other work, so i open the charts at around lunch time and ... yeah, terrible volatility.

these are the times when a market maker operates the most and moves the price against predictible traders.

i took this long on dow jones (ym) when it was observable there is a strong temptation for predictible sellers to sell the intermarket divergence.

on times and sales it is visibly observable the buy limit orders are eating bigger sell market orders - that supports the idea the market makers is going to move the price against the selling public.

this is where i opened the long position, the rrr was not perfectly fitting because of the perverted volatility, but i believed there is going to be a breakout higher soon. at the end, i had to close the fist targets nearer to the entry price.

as i said. i dont like these slow, sluggish, nonvolatile days so i tend o get out of the trade early with smaller profit. (my mistake). i didnt wanna waste time with this market, but the situation was still valid and i would not wonder if the price tested daily high

here it is still valid when it comes to orderflow -see the imes and sales still being red, no rapid change in market auction

premature exit

$ results

catching the high

just one trade to mention today..

there was a nice gradation at the highest high of dow jones - the entry moment is not perfectly clear as there was a huge sell market order, (visible on times and sales) but anyway, the volume distribution  on footprint was promising and the orderflow pattern was readable enough

promising market profile

closing the deal asi there is visible pressure on lower side of the consolidation

today´s result

days after trump´s election

couple of days after the election of mr. trump for the president of the usa the markets are visibly nervous and with shaking liquidity.

price jumps over several levels which makes timing entry much more difficult. i took these two trades on e-mini nasdaq

first. this is an intermarket liquidity breakout nq long situation

second. an intermarket liquidity breakout nq short

this is what drives me crazy - when i close the deal, the price drops for 10 points

this doesnt seem like so but it is 250 usd profit

siera chart tradelog