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Get In, Get up and Leave - trading style
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Get In, Get up and Leave - trading style

  #101 (permalink)
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Changed my mind. Saw buyers struggling to make a new hight above 2031. Hence shorted 2030.

Targets 26, 22 and 18.

Risk is - Gap up day. I tend to do NOT well on those days. Let's see.

Edit - 1st target hit. My second target was almost hit. Hence my stop will be moved to Breakeven.

We have all the characteristics of today becoming a trend down day. The auction process is slow and methodic but on HIGH volume and hence sucking in buyers. If price is able to move back upto 1930, my entry price, then I am definitely wrong in my premise and hence will get out at BE.

If all my targets are hit, then I will consider a second trade, re-shorting the pullbacks.


Last edited by Narcissus; October 21st, 2015 at 11:13 AM.
 
  #102 (permalink)
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Second trade

My first trade worked out as expected except the target target at 2018. Market came pretty close and bounced back above vWAP. I will do some homework about how to handle these type of situations.

For the time being, I considered that all targets hit and hence closed trade.

I just re-initiated shorts at 2027.

My premise is this - We are making a huge balance area between 2025 to 2029 with lot of re-positioning. If we make new highs for the day, after European close, then OTF buyers are in control. Technically that allows me to put a tighter stop at 2031, just 4 points (in the future). Since this is the trial period of execution, I am going to stick to my stop loss at 2035 with targets at 2023, 19 and 15.

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Not quite the trend day I expected but we bounced back from key pivot 2018.50 and Sellers may want to revisit that area again later today.

 
  #103 (permalink)
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Expected trend Down day is here


Managed to execute both my shorts pretty well. 1st short at 2030 soon after opening and then the second entry at 2027 after European close.

There is probably still some more juice for shorts but I am wary of vPOC still at 2027 despite a HVN at 2016. We are revisiting 2013 low right now but this could bounce stronger to test vWAP again.

If vPOC shifts to 2016, then I will consider my 3rd short for the day.

 
  #104 (permalink)
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3rd entry in one day. Really?

I entered short again at vWAP test at 2023.

Though we didn't shift vPOC below, I felt there was a decent stop run and distribution at vWAP and hence we could revisit LOD. The odds of 8 point move up to trigger my stop at 2031 looks less likely than a test of LOD at 2013. Let's see.

 
  #105 (permalink)
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Home run

My execution was near perfect today. Since I was IN-SYNC with the market, I was able to read it better which gave me confidence to short 3 times with very little hesitation. (except the first one as I was nervous with huge volume -pre open- but very little directional movement)

My first execution was a bit sloppy as my 3rd target of 12 points was missed by a couple of ticks but I decided to consider that as target hit and hence able to enter the market again.

I was able to think like a predator and was genuninly thinking about locations of stops to hunt them Hopefully this is just the beginning of better execution style.

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  #106 (permalink)
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congrats

Very good analysis and execution.
Nice job!

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  #107 (permalink)
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Short 2024 at open. Logic was the gap is more likely to be close with target 2012 and stop at 2032 less likely to be hit. But stopped out.

I could have waited for 15 mins after open. After few mins we made a balance area around 2027 which would have been a better position to hunt those stops below 2021 and yesterday's vPOC.

Need to think about opening trades and gaps again.

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  #108 (permalink)
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Location, Location and Location

Another example of poor location selection for short.

I know pre-open that Europeans were positioning at 2015, as seen in the Renko Volume chart below.

I also had confirmation that they were accumulating for Longs and price went up at US Price Open.

We had initial distribution at 2027 and that could have been a better location for shorts.

We are having a even bigger distribution location at 2033 now which gives even a better chance of rotation down.

Obviosly, US traders may decide to keep pushing this higher and all I can do is to guess. The odds are more for a range day rather than a trend UP day.

Since I am stopped out, I DON'T have the opportunity to place another trade. This is to avoid '
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  #109 (permalink)
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ECB news was essentially bullish. Sellers need to have something to sell, first.

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  #110 (permalink)
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What are those bars? Volume bars or renko?

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