this was a nice catch of ym daily high after a clear orderflow gradation. the price was extremelly sluggish from the very open and here it went couple of ticks higher to unveil buy stop orders of weak traders. after that, the market dropped quite heavily..

btw, i noticed an interesting situation on the depth of market (dom) yesterday in the late hours. i have written couple of lines about how it could be used, so if you are interested in orderflow analysis, check it out and let me know what u think - it is here ---> https://goo.gl/yi3oja

yesterday´s nasdaq, pretty wild with big money in.. see the sell market order in the amount of 800 contracts within one trade !

this is why i prfer closing trades according to fixed trade management

holding an interesting position

yesterdays dow offered two valid oredrflow short signals.

in the first one there was an exhaustion of buyers on higher prices, no one wanted to buy above premarket´s high. i took 6 contracts (i am going to start trading little bit bigger size because the markets are readable enought). the last one ended up very unluckily at the trailing stop

in the second short situation there was orderflow gradation with risk validity- i came lat to the pc, so the entry price is not perfect, it should have been taken couple of ticks higher. the entry price was still ok and the risk wasnt high. this one was taken only with two contracts.


btw - there was an interesting situation on market depth at the very end of the session (see the alternative chart) huge buy limit orders waiting be filled at the price 20598. the price rebounced couple of times before they weer filled. as soon as these were filled (meaning they were not not fake limits) i closed the position.

result +700

it is there! there werent many opportunities today

the only orderflow signal after open

today i trades ym only. and i was quite active. i took 4 trades. all hit the first target. only one (the third one) hit the second. in the last trade i closed both the contracts at the level of first target by mistake, the second part should have ended up at stoploss.

the trades were opened with different quantity, from 2 to 6 contracts

trading is like reading a book. there is a story behind price movements. i will tell you a story about a clever guy opening huge positions while being invisible to 99,999999% market participants

today i have noticed two iceberg orders, one at dow jones (ym) one nasdaq (nq) futures. particularly interesting was the one at the dow jones which appeared around at 9:17 chicago time. it was triggered at the price 20478 after the market broke the level of big buy limit orders (see the white line at the alternative chart). after that, the dow jones futures slipped into intermarket liquidity mode (see the chart with four markets) and eventually abused the dumb buyers´ sell stop orders to drop lower.

up to 500 contracts into sell side in "clever way" were opened in couple of seconds, while being hidden from the dom. generally speaking, i consider this way of opening positions with these volumes a "clever activity" of a subject, that knows something more than we ordinary traders do.

as soon as dow jones slipped near daily low, it attracted dumb buyers who were tempted to buy it because it was "undervalued". cheap price always lures dumb traders. the market oscilated near daily low and attracts more and more stupid public buyers. the price never moved higher then somewhere to the level where the iceberg was opened. the selling subject protects his opened short position, and because there is enough liquidity for selling, he can open a much big size on a good average price. he doesnt need to sell at low price using sell market order, no, he is clever, he can easilly sell higher, using limit orders, quitely building a biger size.

as soon as all the stupid buyers are sucked into the market, the big guy starts selling again, using sell market orders. thus, pushing the price agains the retail, breaking daily low, forcing the dumb buyers to run away, close their longs and scream in pain. the market drops significantly, and the big guy is happy. he won again..

first trade - sl (-350), second trade - pt (+450). both with six contracts.

retrospectivelly the first trade was too agressive. but ... it doesnt matter now..