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Vienna, Austria
Posts: 7 since Aug 2019
Thanks Given: 0
Thanks Received: 10
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Due to work not a lot of trading in the last two weeks. Just made a session yesterday.
Here are the trades, although the pictures are missing for the first one and the entry for the last one:
After failing at the top, the market accelerated downwards pretty fast, at 90 it encountered a large bid offer that was just overrun. Also I thought a break to the downside was more likely because we were in a downwards move. I sold into 88.
The market rushed down and hit a large bid at 79, it didnt want to trade into. Yet it also didnt trade up and my plan was to see if the bid was fake or not at a second touch. When the market went to touch the bid a second time it traded into it a little bit but still went up. I got stopped out, a bad trade since I was hoping for that bid to break which wasnt going to happen.
-10 Ticks as a result.
I did a second trade there. After the market went down to the low another time the bid was gone, and while going up, the market could break above the middle of the range. I sold at the thrid touch of the downside into some momentum, at 81.
The market rallyed instantly against me and I exited for -10 ticks.
And another try. The market also could not break the top of the range and crashed down trading a lot of volume into the lows.
Homerun. I exited at 65 for +17 since it looked like the market slowed down. After my exit the market rallied down to 43. So i could have even booked a nice win, but still it was an okay trade.
A learning here is that when a nice trend is established on the volume profile I might need to stick longer to trades, especially on crude where the market starts to rush at some point and the momentum doesnt build up in a linear way.
Happy trading!
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