NexusFi: Find Your Edge


Home Menu

 





Tap In's Corner


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Tap In with 656 posts (1,161 thanks)
    2. looks_two bobwest with 42 posts (123 thanks)
    3. looks_3 Inletcap with 21 posts (131 thanks)
    4. looks_4 lancelottrader with 20 posts (32 thanks)
      Best Posters
    1. looks_one Inletcap with 6.2 thanks per post
    2. looks_two ratfink with 3.9 thanks per post
    3. looks_3 bobwest with 2.9 thanks per post
    4. looks_4 Tap In with 1.8 thanks per post
    1. trending_up 121,843 views
    2. thumb_up 1,778 thanks given
    3. group 47 followers
    1. forum 855 posts
    2. attach_file 1,600 attachments




 
Search this Thread

Tap In's Corner

  #701 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

This is weird, something I haven't seen before. Thickness on both sides of the DOM around price. We'll see what is means...



big order shows up. We'll see if he is a spoofer or really wants to do business.



update: Not a spoofer. He wants to get filled

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Request for MACD with option to use different MAs for fa …
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
61 thanks
NexusFi site changelog and issues/problem reporting
46 thanks
Battlestations: Show us your trading desks!
37 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
25 thanks

  #702 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

the market currently resides within a wide 60 tick congestion area after a deep overnight sell off. It has once again gapped to the downside. The long term trend is down, the mid term trend is neutral and the short term is sort of down. I haven't a clue what will likely happen next. Best under these conditions to wait for price to telegraph an obvious move or wait for a reaction off an S/R level as marked on the chart.


Started this thread Reply With Quote
The following user says Thank You to Tap In for this post:
  #703 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082


Short on pull back after impulse move through support. Looking of target of the naked RTH POC at 46.50.



Pull back was deeper than desired. Moved to BE after price came back through my entry. Was taken out at BE.



total reasonable movement: +8, -15 before the explosion in the other direction


Started this thread Reply With Quote
The following user says Thank You to Tap In for this post:
  #704 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

the market has retraced most of yesterday's rally and currently sits on top of Y OR and where it broke out. The long term, mid term trends are down, the short term trend is up. A rally here would not be surprising. The action in the overnight has been choppy on the way down so bias is neutral at this point. Inventory report should shake things up later.



end of day. Price hit the resistance area at around 47.55 and reversed but it was just before inventory so no trade.


Started this thread Reply With Quote
  #705 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

Catching up on journaling my trading this morning. Trade one taken on a entracement of a break out after price hit RTH HVN from yesterday




I didn't like the way price filled my order on a quick jump down through the break out top, so I exited at BE at the first opportunity. It was the right choice. Total Reasonable Movement: +7, -37


Started this thread Reply With Quote
  #706 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

Trade 2 entered long on a retracement of the break out after price bounced off a major RTH swing from 8/17.




Took full stop out after price moved 2 ticks in my favor



In this case the stop was a little too tight


Started this thread Reply With Quote
  #707 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

Trade 3 same concept as trade 2 but after a higher low off the swing. Entered on a retracement back to the POC of the impulse break out.



Exited at +1R when price had difficulty getting through the previous support turned resistance at 46.77. TRM -2t, +14t



Note: once again all trades taken against the prevailing trend today. It would have been much easier to have taken shorts today

Recap: price ended up at the end but I was gone by 9:00. TRM for the trade was -9t, +39t. It was a 3R trade but I don't think it would have been wise to hold through all of those pull backs.


Started this thread Reply With Quote
The following user says Thank You to Tap In for this post:
  #708 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

The market sits inside the tight range of 36 ticks formed after the report yesterday. Yesterday's POC looms above while yesterday's swing low sits below. I'd like to see it get out of this area before considering a trade. Several scenarios are possible depending on how price reacts to the S/R in proximity.


Started this thread Reply With Quote
The following user says Thank You to Tap In for this post:
  #709 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082

Perfectly executed,



embarrassingly mismanaged. Exited because I thought it might have more retracement to the 83 area and I would re-enter.


Started this thread Reply With Quote
The following 3 users say Thank You to Tap In for this post:
  #710 (permalink)
 
Tap In's Avatar
 Tap In 
Bend, OR
 
Experience: Intermediate
Platform: Sierra Charts
Broker: Global Futures/OEC
Trading: NQ, CL
Posts: 948 since Feb 2013
Thanks Given: 2,162
Thanks Received: 2,082


After the double bottom yesterday price is currently in a mid and short term up trend. There are a couple of areas below that look to be potential support on pull backs. Below yesterday's POC and we'll probably go down to test Wednesday's POC.


Started this thread Reply With Quote





Last Updated on December 28, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts