Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Make your life easier
Make your mind calmer
Think in distributions
In i-period and j-period i thought about if this gets a trendday
and if late shorts are appropriate
and where the stop of my runner should be
As long as H singles hold this is a trendday and you can short pullbacks (or hold runners)
A CHANGE would be acceptance in the middle distribution and you could think about a long
We opened with large gap down
Well done that i had no greed to get a short trade because we see some gap and go continuation
If we already had a big move in eth (which in addition was an add on the previous days selling) the bigger opportuninty is to wait if they have shot themselves into a corner (short in the hole)
and have to cover
After first covering move seems to end i tried to get into a short move (like i planned) with lower size
This did not work
While these anticipation of MOVES have the largest R/R i should perhaps lower their size even more. I could use 1 contract only and when this move really has started use the other 2 contracts to SCALP a pullback inside the move
When you trade more and more size in future you less and less nedd these big R/R hero trades
Then they showed ACCEPTANCE in previous range which made me change to long
Here i have to say that i became confident that this develops into a TRENDDAY with NEW MONEY longs joining the COVERING
When you see the P-SHAPE-PROFILE you see that this was not the case
I still too often think that i have recognized the trendday
In the huge majority of days this is not the case and l give back money unnecessary
I am going to collect arguments why trenddays are seldom. These argument do not need to be correct 100%. The only purpose is that from them results the wished behaviour
1) Short Term Traders
Most times markets are driven by short term traders. > Most moves are only coverings and liquidations
2) Market Makers do not loose money
Market makers become long in a down move. They should be interested to manipulate markets higher. You can add details like gamma walls, etc
3) Other Timeframe Players
When an auction has run in one direction the long term players (who wait for beneficial prices) get interested
4) Sector Rotation
Watch if all big sectoes are in sync or not
Condition 0
eth looked above and below the belly
we open near the low of it
Thoughts
On the larger timeframes we are in an uptrend that started in april. This does not change until we get acceptance below octobres low
Last week was an inside week which is a sign of balance
We have strong intraday moves but no sustainable direction
Fridays covering is a potential weakener
Condition 1
daily is otf down
value clean lower poc in upper part of range
orderflow is wild
y wild liquidation
followed by wild covering
Why does it stop close before octobers low?
Condition 0
eth was mailly in value
we ooen in middle of value
> expect chop
> trade later
Thoughts
Volume was high yesterday
The market is falling
But shouldn´t it be stronger and cleaner?
For now i do not trust the downmove
This does not mean that i will catch bottoms
Just be sceptical and go a bit more for SCALPS than MOVES
The yearly poc came up to the actual price area
nvda amc
Thoughts
Last days sellers are under water and we see short covering
I have no idea how far this can go or what happens today
take it step by step
Scalp
