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2014 spot FX journal


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2014 spot FX journal

  #11 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

This is my first futures trade using Wyckoff.
watching to see the MM drove it down, the volume increase but the bar was not going down much so i was expecting their intention to drive it down to buy as the volume show the activity. then the next 2 bars confirm that with low volume to the downside.

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  #12 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

Second Long. The pro did not off load all the contracts that they bough in the first trade, The news is bad so the price when down , but as it went down the volume is decrease. All the volume probably from the news and all the stop which people went long break out yesterday high. So there is a weakness in the downtrend. As expect there there another test show strength.

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  #13 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14


Second Long added. There will be a a resistance that was make this morning but seem like the SM want higher price so i will wait and see if they will absorb all the sell orders there all not and play accordingly. If they want to take all that sell order they will drive the price up real quick to over pass that level. It could be the reason that they pause the price here to see is a lot of sellers in the back ground. As up right now i don't see a lot there.
Now they took me out leave me with 4 ticks. (BAD MANAGEMENT
I know they dont want the sell there yet. i will try to get back in.
High volume down bar. So they actually try to absorb. I think i move my stop to early.
The question is did they off load ? As i see all the up bars as the recently have higher volume but the spread of the bar is shorten. This is the side of off loading.

Wait and see game again. I like the idea of short right now but to early to play the short side. The long side as im not seeing any good thing right now ( I dont have a clue what are they doing yes) .

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  #14 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

Daily chart. So really good sign of the short as current the yesterday rally and today is just to test the supply zone.
60 mins chart. Its seem that YM is in the distribution zone.
As the price increase the volume decrease and when ever it get near the top volume increase as spread decrease.

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  #15 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

There is sellers in background. This game they are playing right now is really boring.

Now there is something interesting to watch. (Volume just pop and spread is not that good)

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  #16 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

Short entered 16150.
Short added. As price move up the volume dry out. No demand.

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  #17 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

That was a good trade short. Price came up twice test for demand, and there was none of it.
This trade net 43 ticks. I'm totally done for the day.

Total today. 3 trades.
1 lot long net 45 ticks.
2 lots short net 43 ticks.

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  #18 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

Lol, as watching this price action. i see something is forming maybe there will be an opportunity.
Wait and see whats they doing ?. im not greedy, but this game is really interesting.

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  #19 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14

Third trade short.
Break even fast and milk this trade out.

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  #20 (permalink)
 nhtngn85 
Buffalo,NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DeepDiscountTrading/Rithmic
Trading: YM
Posts: 41 since Nov 2010
Thanks Given: 7
Thanks Received: 14


So far not bad. well 39 ticks and price bound up now.

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