Big Mike 

Movin' on up

Needs to make a HH with price now.





Mike

An hour later.



Slow accumulation still shown, but I don't like the triple top area for resistance that has formed.

I exited half my position a few minutes ago when we failed to break out.



Mike

Flat.

And probably heading to bed. Trade well!

And please share some thoughts and your own charts... this isn't a big mike trading journal...

Mike

Big Mike 

Flat. And probably heading to bed. Trade well! And please share some thoughts and your own charts... this isn't a big mike trading journal... Mike

Ha!! Up with the London open!!! ...such is the life with a Euro trader...

I find myself waking up naturally at 1:45 now.... weird...

Well, that breakdown happened too quick for me to post. But I did trade it

OK, always nice to end the day on such a positive note and trade.



The bigger chart also shows some capitulation as we break down to new session lows.



You may have noticed, I held through the pullback around 2am on my chart (4 renko). That is because at that time, cumulative delta supported it and I am using that as a determining decision factor in my current trades. But, as soon as the market failed to breakout with new highs, and we saw CDV turn in some LH's, that was when I exited half the position, and then moments later was flat after another LH.

I write this just so you can try to understand my reasoning. I hope it is helpful.

Mike

Nice to be able to follow your trades....

tderrick 

Ha!! Up with the London open!!! ...such is the life with a Euro trader... I find myself waking up naturally at 1:45 now.... weird...

Wow!! You were still up!... not getting up...

Big Mike 

Well, that breakdown happened too quick for me to post. But I did trade it OK, always nice to end the day on such a positive note and trade. The bigger chart also shows some capitulation as we break down to new session lows. You may have noticed, I held through the pullback around 2am on my chart (4 renko). That is because at that time, cumulative delta supported it and I am using that as a determining decision factor in my current trades. But, as soon as the market failed to breakout with new highs, and we saw CDV turn in some LH's, that was when I exited half the position, and then moments later was flat after another LH. I write this just so you can try to understand my reasoning. I hope it is helpful. Mike

Many many many trapped longs adding fuel to that downward spiral there on the CDV chart you posted and commented on. CDV is very amazing with all markets, with the 6E it looks no different.

Just comparing charts.
I see some differences in the CD plot between mine and Mike's in all the charts I have compared.
It is not explained by the different bar type(I use better renko)
My CD plot however is in effect identical to the one posted earlier by Sam028 though.

Not sure why this is the case. Seems to be a difference between SC and Gomi CD plots.

Liking your work Mike.

Lindsay

Besides my vwap 2 standard deviation stragegy

The Italian Job

, I am currently studying the ichimoku technique Amazon.com: Cloud Charts: Trading Success with the [AUTOLINK]Ichimoku[/AUTOLINK] Technique (9780956517104): David Beckett Linton: Books. I do not want to duplicate an already existing thread on Ichi but related to Big Mike's last trade I think the PA was showing a clear bearish sign since it's US closing and perpetrated in the Asian and London session. The double top formation would have been a nice and less risky signal to go short. Interesting to notice how the Ichi lines are acting as S&R. I will be posting some trades using the Ichimoku for trend following strategies.