nirvikalpasamadhi 

first trade - sl (-350), second trade - pt (+450). both with six contracts. retrospectivelly the first trade was too agressive. but ... it doesnt matter now..

one more short against the dumb buyers whose sell stop orders were abused to hit the globex low

my dad just sent me his screen from today´s nasdaq.

smart sellers´s high frequency algoritmic activity.

this is something different from an iceberg that i described yesterday, this one is hft algo, opening bigger size of sell market orders in the interval of 10 miliseconds each 30 seconds for cca 5 minutes

just one short, there were no other opportunities today. timing entry based on orderflow gradation. exit in a fixed trade management

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 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 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 catched at the high prices. they try to sell, but the price dont fall. what does it mean? someone bigger is buying their sell market orders with buy limit orders, eating and absorving 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 dont 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 high price 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 enought predictible liquidity that can be abused

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

f***ng lazy day.

long against the reactive sellers. the last contract ends up at BE. i planned to trail it near daily high

quite an unusual sitation happened now at dow jones futures. a bearish sell off bar pierced the daily low and kicked out everone who bought today. it is the longest bar within the whole day! i would not expect it on friday late afternoon. i go against this identifying bar, because it must have attracted lots of bored retail sellers who will have to lose now..

timing entry based on the seller´exhaustion with intelligent buyers´shadowing

unfortunatelly i was able to open only three contracts. two of them are closed now -> risk free trade. the last one i will try to trail little bit higher

nirvikalpasamadhi 

quite an unusual sitation happened now at dow jones futures. a bearish sell off bar pierced the daily low and kicked out everone who bought today. it is the longest bar within the whole day! i would not expect it on friday late afternoon. i go against this identifying bar, because it must have attracted lots of bored retail sellers who will have to lose now.. timing entry based on the seller´exhaustion with intelligent buyers´shadowing unfortunatelly i was able to open only three contracts. two of them are closed now -> risk free trade. the last one i will try to trail little bit higher

exit. a nice trade. i like it

today it might have been better to go for a walk, smoke a joint and forget the charts.

the price was untradeable from the very open, i came back after lunchtime and took one short (out of boredom). this was the kind of trade that has quite a complicated timing entry based on a concentrated sequence of buy market orders. if i take it or not depends on my mood.. after my entry, smart sellers came in and entry price became very attractive - the market started to oscillate.

after terribly long time (cca 20 minutes), i hit the first target to make risk free trade. the second part ends up at sl. so the total is ZERO

Hi Nirvikalpasamadhi,
First off I want to say that you have an awesome journal. I want to learn to read order flow and your journal has given me great ideas and new motivation, so thank you. If I may ask, how do you incorporate the volume profile into your trading?
-kleinewaise