why i trade intraday

this is the reason why i trade within intraday timeframe and don´t invest long term

i can hardly remember when i saw something similar and i would NOT like be a long-term buy-and-hold investor these days. 

in the markets, there applies a simple formula: the longer the timeframe, the lower the probability of guessing the correct direction

no, i don´t believe in long-term investing. it is a fake idea. all these investing gurus, buffet, hedge funds managers etc.. no one knows what is going to happen on the markets within one hour, how can they say what will happen within a week, month or a year?

short-term investing makes sense to me much more.

i am able to say what is going to happen in my life within one minute from now. much less i can say what is going to happen within one day from now, even less within one week and i have an idea what is going to happen with a year or more..

in the same way it is in the markets. i can quite accurately say what is going to happen with the price within a couple of seconds or minutes. that is all i need to do day trading.

for example today, i took one trade that lasted a couple of minutes. and by the way, it was a long trade! hah.

this was quite an easily readable long entry, due to increase volatility i took only 2 contracts. +330 usd was the result within a couple of minutes. stress-free trading

unfinished auction

yesterday i took just one short on e-mini nasdaq based on orderflow gradation

and because some people asked me about an unfinished auction in trading orderflow - how to recognize it, how to interpret it, how to use it for timing entry or filtering, here is the answer.

here is a screenshot of an unfinished auction where u can see high volume at the highest levels of the fooptprint chart. it means the buyers are interested in buying at the high prices - that is why u can see them there, they are there, they accept this high price as ok for them, they keep buying. thus, there is no need to think about taking short for reversal because buyers simply want to buy for high prices and if buyers want to buy for high prices, the market will (most probably) rise. it is a very simple logic. 

moreover, what you can see here is that high-sellers (the guys who sell the market for the highest price possible) are caught at the high prices. they try to sell, but the price don't fall. what does it mean? someone bigger is buying their sell market orders with buy limit orders, eating and absorbing all the high sellers. 

this is how a fond or a bank opens their positions. a fond/bank needs to allocate a big size and they don't really care about the price. i mean, they care, but not so much because their primary aim is to allocate the big size into market. 

they use both (1) active market orders at the highest prices and (2) passive limit orders for buying from the high-sellers. they generally open their positions at the breakout of new highs, because there is enough predictable liquidity that can be (ab)used.

whenever you see this market auction, do not short it!

eeeeh..

this was really fortune with the third target:-(

this was a nice entry on the exhaustion of sellers with a quick fill of the first part of the position

trying to trail the third one.. but the market is a bastard sometimes - it took my sell order and went up 

anyway. quite a good result 275 usd today

diminishing buy market side

after breakout of the long a tedious consolidation there was observable extinction of buyers at the upper prices

here, after couple of minutes, the entry is validated

exit, f__king slow market