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Good order flow trading today. Missed the whole thing down, but got a small piece of the pie at the 11th hour..
Last entry had a pretty good timing - ladder was skewed like hell - 500-600 contracts on upside and 150 on the downside, we were in a horizontal channel, and suddenly around the top somebody switched all that liquidity off and it became balanced 150 x 150 ladder. I put a short immediately with a stop a couple of ticks above high. Then let it to its own devices and went away. Came back - both TPs taken off.
Trade to live. Not live to trade.
Can you help answer these questions from other members on NexusFi?
Booked a pretty good momentum trade on gold as per updated rule - front-run the level on apparent market strength. Fills should be good live too as it was before the HOD broke. This is pretty much the only way I plan to trade gold from now on - front running strong levels when market is closing with momentum.
Range day inside yesterday value so far but nevertheless pretty good. First trade though was with 12.5 point risk off 800 contracts chart - unusually big for me, but I could not see that reversal point at the lows on lower time frame, so bite it off on a reversal formation at higher frame.
Last two trades were off 80 contract chart and purely from order flow and tape, with confluence of retest of broken trendline from 800 c chart.
First trade was 1:1, so no feuerwerks, but last one was actually 2:1 reward to risk.
This week has been positive in Crude. I can see some improvements in trade location, I get runned over less and I am getting better at holding the trade for runners. I will finish off this Combine, just to have it done, but in order to complete it I need 7500 profit in 10 days, that's 750 on average, much more than I was doing in crude before.
So I will really need to catch few good runners if I want to get it done. I just like to have things I started get finished. I spent a lot of time with TST since February and benefited quite a lot from it and from being a member of futures.io (formerly BMT). Thanks, gang! But now I need to make the next step. It will be either going live or going back to trading for PTK.
DAX is nearly dead today. I took one trade only, it could give a decent runner if there would be enough sellers to break that support, order flow was supporting this trade and setup looked great. I took off scale at 8 ticks and after some time being unable to break double bottom sellers gave up and range resumed. Stopped out on the runner for -1.