Welcome to NexusFi: the best trading community on the planet, with over 150,000 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 -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Objectives
Yesterday the market went higher but not by much
Todays eth is again grinding higher
Thoughts
I still think it could come in balance a bit
But i will be cautious with catching tops. In that sense i will not be early in a short. There is enough room to let a first move happen and join on a pullback
Perhaps it simply stays in status quo which is grinding higher
We will see
News
We have some numbers at 10 am
Bond auction at 1pm in sandwichtime
Objectives
Yesterday was a covering-p structure with a late day spike
we open below the spike near the lower edge of the belly
we open in range and value (=trade later)
we are otf up on the daily
There can be no meaningful change without breaking the otf first (=signpost)
Thoughts
Nothing new here
We could come in Balance a bit but we don´t have to
Finally they did it, a Liquidation break
Coming out of nowhere, starting in midtime, with increasing speed, a "sparkling" liquidation break
Only looking at the last up-move it cleared out 2 out of 5 vpocs
This is totally healthy and has nothing to do with a crash. It simply balances out inventory a bit by shaking out weak hand poor located buyers
It strenghtens the market because these buyers all were potential sellers that now aren´t anymore
Objectives
After yesterdays Liquidation break we today come in clearly higher
Late day sellers are getting more and more in trouble
I anchored a vwap at yesterdays top. In the eth we were able to trade above it
Thoughts
I willl judge todays market in relation to yesterdays liquidation structure to get a feel if it is finished or not
Interesting to see that the anchored vwap of the multi-day-up-move held. At the moment i test these anchored vwaps to see if they help me
i bought it offensively after the open Scaled out 2/3 and wanted the 3rd in front of the vpoc
After gap and go a liitle break fit in the picture so i bought it near vwap
Market did not come back as required so i closed it all. Did not want to hang in that long in midtime before long weekend
The last days were not easy to trade from my point of view
Merry christmas and happy new year to everbody :-)
Objectives
We are in a 2 week balance area and we open in the middle of it
We open with gap down
we open in the lower third of the onr but not at the bottom
Thoughts
We have to see what that first week brings. It could be a holiday week
