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Wamo's Trading Journal


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Wamo's Trading Journal

  #31 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
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1/6/2021
-tried to slow things down a little bit
927- waiting for the open
932- took an impulse trade there it was moving higher A period, seems like there is still some volatility
933- I see rotations
934- took profit on a little trade back to balance seemed to be open test drive. selling at the unchanged. buyign at w so weak high and weak low
946- trading past the settle here, if it's strong if should hold above this J breakout 1-5 rth. Feels very volatile
949- I am telling myself that I need to buy 23 but also this is a bad location in this environment, targets? U selling tail
1053- all the way takes out A period
1235- all the way back up to the balance, multiple distributions today, this is shorting weak high at vpoc
1320- ath H period
1350- my bet is in that this will continue otf higher
1359- took out my longs at 69, there's also a different flow here. MP did tell me the lack of buyers on the run up.

Take aways:

Targets
-review open drive, open test drive scenarios.
-those hard stops come in hany but 50% of my stops are hit today too high
- I think I need to slow down a bit here
-poor high

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  #32 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

ovn ES
1636- quick long, out +265 didn't let me stop get hit. I did expect a volatile night.
1936- right on the dot of the prom poc I don't really like this low, odds are it will be revisited, but we also have the poor high rth wich is sig-nificant.
1956- early stages in market looking at the selling tail T period. My first target should be where it started selling at RTH J period
2216- still long b period, holding on to 2.
2321- out in d period

Long term: bullish
Intermediate: bullish
short term: bullish

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  #33 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1


ES rth 1-7

937- open test drive got one off and second was stopped out ~800
938- in another it feels like it's attacking the ath
939- stopped out full, tempo doesn' tseem as high, leaves a very weak low
944- two stop outs. tempo has changed
948- in again
951- took them out
951- In again full
952-stopped out full
953- tempo is diffrent today
1003- all red in bm
1027- just grinding higher, I just have a general fear trading this, once you missed the train it's hard to get on
1037- back in here, nope. Done for the day.

Take aways

1. Watch the liquidty levels- again open test drive

1. Again these open test drive days (this one albeit hard to pick up from the tempo early) this is a bit of a weakness it's too volatile.
Felt like it was grinding higher.

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  #34 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

ES 1/8/2021

-ovn continues higher
-yesterday RTH only 999K vol
- lot of emotional buying



934- very volitile- went up rejected, down buought at hb
944- long lookign at the leaning liquidty on the bottom, it's being moved higher overnight
957- chopping around here, looks like no more driving today, looking quite balanced so far
1002-optoins lowered in value dramatically, B period back to 13.75 weak high, weak low, what else.
1009-bm is lit up green though, I am still thinking short but book imblanance tells me otherwise, and it's a friday.
1021- non trend day, buying at prom poc now, I feel like this is going to rebalance ovn
102- short one sellers coming in
1024- the stf not leetting this go easily at rth pit high, but I can probably bet on this
1030- poor c period low, sinlge prints 1-7 within reach
1033- added 1
1052- C peruid reverse
1057- tbh I don't see us rally today at least day time structure is non trend day with a wide balance, I am still looking at the the one data point poor low it will get repaired today or next week. Now I am stuck short though, single prints repaired B period value returned higher. Bought at Prom poc weak low and poor low
1225- just buying buying D E F poor lows 3 wide
1253-again buying off of the lows, it's 4 wide!


1917- crazy friday, actually went neutral extreme back all the way up to make ath at the ovn high of 1-7


Take Aways

Good
1. Identified Areas where of weakness, of ambiguities i.e I knew that it was going to retest the poor lows + weak low the odds are
2. scaled out at the break of the poor low
3. let go the final contract structuraly using a limit and stop approach just kind of clamping until one hits.
4. I got rewarded for the risk that I took

What I am improve on.

1. Patience- waiting until the nuance develops, everybody has trouble with that. Seeing the nuance is good but waiting for it to fully turn into my favor would limit drawdowns and increase gains

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  #35 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

ES 1/10/2021

2234- market appears to be in a trend down day overnight, possibly retest the selling tail tonight

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  #36 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

ES 1/11/2021

925- structurally this seems to be sound, there doesn't seem to be any anomalies for me. ovn inventories 100% short. Actually settle was way up there so I could have shorted ovn in hindsight.
956- pulled out once it crossed back to the open should have kept it's at at 97 now.
1000- short term I think this is grinding higher poor high AB period
1022- broke out to one tick below ovn hb, we have excess buying tail, we have no continuation on the down side so far, so three days where there's a buying tail, I think this should be enough if we trade back into the upper distribution.
1029- continues extension and otf higher, looks like we are going to leave a little bit of excess starting c period
1046- rotating a bit in C period back to the mid distribution, we are still otf higher
1047- liquidity flipped short at about 1015 odds are would be causing a bit of imablance
1125- D period tests single prints then all the way back up rth highs, shorters again at 1-8 rth poc
1136- poor highs this is perfect on E period
1240- G period sells off at rth 1-8 open weak reference
1249- neuance is I don' tthink this will go further, but I am fighting the weak refernece now
1325- it may stop otf higher here
1332- sellin ghere otf lower H period and I period now
1347- really shorting off now but we are still hanging on to the excess, this looks like a normal variation day still?
1402- hard sellers now from rth poc 1-8 I don't think thi sis valid though tbh, we will see. poor lows
1421- retesting those D period lows which is also a weak reference (ovn VAL)
1423- POC is still up there I am not buying this (not literally)
1824- don't really buy the short here at end of day, we are exaclty closing within value now

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  #37 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

ES 1/11/2021

2003- single prints down below otf up in U period
2307-poor high U period


Take aways-

1. let go of my positions before 1700CT

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  #38 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

1/12/2021

902- liquidity pushing book down 3807.50
908- in +1 one seeing it move away from POC here
922- comp crashed didn't have visibility out one positive don't know how much yet
934- good failure at prom poc could have shorted but I want to watch
938- that's a weak reference now, as that is ovn hb
939- It's going to test the buying tail for the fourth time.
1021- missed some, B period broke I could have got some at 3790 longs, that was read pretty well, I am thinking next is attacking the weak highs, but this looks like mostly a normal variation day. Volume popped thouhg, book pressure 3807.50 pulled away
1033-C period winds up a bit short
1124- Added to my position seeing it break the poor high put now back down taking a 2 contract hit
1149- decied to add two here at the lows of the day
1221- slaughtered today. Broke A period finally
1313- ok F period buying tail this maybe the nail in the coffin up 10 lots
1333- out 5 lot
1410-out 3
1452- out all
1453- I would say messy rotational day
1459- so we've tested again the buying tail, and actually touched lower

1542- F was about VAH of 1-6-2021 rth

Take aways

1. nuance D period
2. nuance G period what was good catching that
3. Be patient wait for the moment to strike
4. Multiple data points
5. The book imbalnce from below around 1213 check for that

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  #39 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1

ES1/12/21 onv

-just 1MM in volume today
-neutral day closed within value

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  #40 (permalink)
wamo88
Seattle
 
Posts: 141 since May 2019
Thanks Given: 2
Thanks Received: 1


ES 1/13/21 rth

930- woke up late
939- short as few ticks from ovn prom poc
1048- probably a good time to enter looking at the poor highs cd, but no time. buying tail. can enter one i guess. Little late to the game
1215- otf lower
1226- I want to see it stop otf lower then it will complete the comback
1246- up to 10 lot volume is low though, bm shows bids I am betting that this will otf higher
1313- poor high
1321- poor high H period
1335- sized down as I don't see as much continuation on H period
1341- Yes, poor highs I period
1430- continuation J period, poor high K period still with 3 lot
1432- K period poor high
1438- out one lot 2 left
1450- still thinking about those poor highs
1506- so far no continuation on L period, there's so book pressure up top unfortunately, lets see where this lands.
1522- poor lows weak reference
1525- ok in the red a little now, I am feeling this has gone too short
1542- out, knew it back up to L period. O well, I feel I got jibbed. Anyways I am looking for it to retest those, either now or ovn, hoping ovn

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Last Updated on June 3, 2021


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