Daytrading ES & NQ

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Technical question: What is the best way to answer without quoting the whole text and pictures of the previous post ??

The answer:
As i am very proactive by nature i have to be very cautious with informations, indicators, etc. Any additional info can lead me to overtrading. Thats why i do not use cum delta. I pay attention to volume peaks. For those i have a volume alert sound on a 1 min chart.

Volume is also used in vwaps of different timeframes and in the volume poc that i have in my daily tpo chart. I do not use footprint or dom for analysis. This has all shown to be too much or too small scaled information for my personal trading timeframe

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Hi @Rcap

Using the "post reply" button:

2023-09-20_13h22_27

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Rcap

Technical question: What is the best way to answer without quoting the whole text and pictures of the previous post ??

The answer:
As i am very proactive by nature i have to be very cautious with informations, indicators, etc. Any additional info can lead me to overtrading. Thats why i do not use cum delta. I pay attention to volume peaks. For those i have a volume alert sound on a 1 min chart.

Volume is also used in vwaps of different timeframes and in the volume poc that i have in my daily tpo chart. I do not use footprint or dom for analysis. This has all shown to be too much or too small scaled information for my personal trading timeframe

When answering with Quote you will see word QUOTE in the brackets related to both texts and pictures. So you may want to remove "QUOTE" line related to the embedded picture and then only text will be referenced which is a good way to keep track of communication.

Other than that I can hear you with regards to absorbing plethora of information hitting you from all possible angles. Thats why I prefer to defer it to algo-strategy.
By the way lately the price movements were a bit on a slow side. How do you tackle this psychological exhaustion. Waiting in front of display for a miracle to come sounds a bit silly if it is promised freedom from mundane and boring dayjobs that we are seeking ... Otherwise we are replacing one dependency on the other which is even more silly IMHO.

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20230920 pre market

We open with a small gap up on mixed overnight inventory
For now the breakout at the bottom has failed and there could be more covering
If there would not be a fed meeting today i would be bullish. With that meeting i will try to be cautious and trade only the first 2 hours

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20230920 post market

trades 9 20

We had an opening drive lower that failed clearly. For me this was a chance to buy and see if we get some more covering above yesterdays highs. Did not play out
Then we had a turning point at the bottom and one at the top. I thought this could be neutral till the news come out. So i acted responsive and bought near ibl with target volume poc
As this also did not work i ended the day early

Nice sell off in KLM with the fed. We have to see how the market digests this. I would not complain if we get some higher volatility...

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20230921 pre market

We open with a huge gap down
This gap adds to yesterdays late sell off spike
My gap rule says: I do not follow large gaps early
Overnight invemtory is 100% short
Of course, the picture is bearish but short term inventory is already short a good amount

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sellers in control

ES seems to be in total control of sellers
gap and hold
one timeframing down

could accelerate and make a double distribution

Can anyone interpret that positive cum delta in the nq?

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20230921 post market

trades 9 21

In times of higher volatility there are often good chances in the eth session
Especially around 9:30 and 10:00 german time we often see inflection points

We opened with a large gap
We did not see see much covering although it looked strong 1 or 2 times
I believe: When the break is young covering is often less or gets absorbed by sellers
There is a trade off between "see what is" (which looked strong 1 or 2 times) and "trade what suits to the environment". I think this is a difficult point which will improve with more and more experience doing the same thing
We had a gap and hold and balance most of the day with a late break in KLM
I imagined that the break comes a bit earlier and produces a double distribution day
After lunchtime i had some problems and reversed positions a few times. That was bad trading
Life (and the market) is a teacher who gives you lessons and tasks until you solve them

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2122MNQTPOOF

I found it quite interesting that POC of TPO was diverging from that of Volume Profile and there were multiple imbalances heavily skewed on the short side. That being said current value is so far from both weekly and monthly VWAP so the only question whether trip back will be executed in one go on FRiday session (possible but unlikely) or most probably Monday-Tuesday.

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@kazbek966

I agree, short term inventory is very short. Monthly vwap is way under SD-2

vwap y m

Daytrading ES & NQ

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Daytrading ES & NQ