Yesterday I read the markets well. Today was very difficult. The key to pegging the action today was to adapt to the expanded volatility and to understand the specific type of chaotic orderflow structure. I think we also had a more complex bottoming process then typical. I suspect that overnight inventory put pressure on the buyers because there was no bid at all overnight. I think it may be relevant to watch Asia now.

tpredictor 

Yesterday I read the markets well. Today was very difficult. The key to pegging the action today was to adapt to the expanded volatility and to understand the specific type of chaotic orderflow structure. I think we also had a more complex bottoming process then typical. I suspect that overnight inventory put pressure on the buyers because there was no bid at all overnight. I think it may be relevant to watch Asia now.

what market do u trade?

E mini ES only. I'm thinking of adding crude oil soon. I think the key is to be aware of expanded ranges and potential for more weakness.

tpredictor 

E mini ES only. I'm thinking of adding crude oil soon. I think the key is to be aware of expanded ranges and potential for more weakness.

ok i wish you luck.

be aware these two are completelly different markets, they behave in an opposite way when it comes to orderflow. CL reverzes on uncompleted auction very often while ES does very rarely

today i got a headache so i am not going to trade anymore.

i took one long with only 2 contracts (fixed trademanagemnt). timing entry based on the abusion of high sellers in intermarket divergence. i missed the second trade because i was on the phone.

this is the end for today. i end up with little profit (+175) and now im going to sleep

deep buyers at daily low were wrong - their stoplosses were hit

You sure they were all stopped out? Because markets traded up throughout the trading session.

NQ looking like a rejection of 5700 earlier this morning.

nb10071981 

You sure they were all stopped out? Because markets traded up throughout the trading session.

of course they were not ALL stopped out. they are never ALL stopped out, but it doesnt matter, the majority of the predictable traders were stopped out. that is who i trade against

the same logic like yesterday. daily high - predictible zone for selling (moreover when nq is higher -> even more appealling for dumb selllers). these are the sellers that must lose. i am buying against them, waiting for their stoplosses to be hit - there i close my profits

with two contracts only because at the moment of the entry the trade was not validated as a low heat entry and i kind of expected the price to go deeper into a drawdown where i would add other 4 contracts.

"unfortunatelly" the market moved up immediatelly so i was there with little position of two contracts only. it was quite a pity because nq moved up quite heavily