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Technical question: What is the best way to answer without quoting the whole text and pictures of the previous post ??
The answer:
As i am very proactive by nature i have to be very cautious with informations, indicators, etc. Any additional info can lead me to overtrading. Thats why i do not use cum delta. I pay attention to volume peaks. For those i have a volume alert sound on a 1 min chart.
Volume is also used in vwaps of different timeframes and in the volume poc that i have in my daily tpo chart. I do not use footprint or dom for analysis. This has all shown to be too much or too small scaled information for my personal trading timeframe
Can you help answer these questions from other members on NexusFi?
When answering with Quote you will see word QUOTE in the brackets related to both texts and pictures. So you may want to remove "QUOTE" line related to the embedded picture and then only text will be referenced which is a good way to keep track of communication.
Other than that I can hear you with regards to absorbing plethora of information hitting you from all possible angles. Thats why I prefer to defer it to algo-strategy.
By the way lately the price movements were a bit on a slow side. How do you tackle this psychological exhaustion. Waiting in front of display for a miracle to come sounds a bit silly if it is promised freedom from mundane and boring dayjobs that we are seeking ... Otherwise we are replacing one dependency on the other which is even more silly IMHO.
We had an opening drive lower that failed clearly. For me this was a chance to buy and see if we get some more covering above yesterdays highs. Did not play out
Then we had a turning point at the bottom and one at the top. I thought this could be neutral till the news come out. So i acted responsive and bought near ibl with target volume poc
As this also did not work i ended the day early
Nice sell off in KLM with the fed. We have to see how the market digests this. I would not complain if we get some higher volatility...
In times of higher volatility there are often good chances in the eth session
Especially around 9:30 and 10:00 german time we often see inflection points
We did not see see much covering although it looked strong 1 or 2 times
I believe: When the break is young covering is often less or gets absorbed by sellers
There is a trade off between "see what is" (which looked strong 1 or 2 times) and "trade what suits to the environment". I think this is a difficult point which will improve with more and more experience doing the same thing
We had a gap and hold and balance most of the day with a late break in KLM
I imagined that the break comes a bit earlier and produces a double distribution day
After lunchtime i had some problems and reversed positions a few times. That was bad trading
Life (and the market) is a teacher who gives you lessons and tasks until you solve them
I found it quite interesting that POC of TPO was diverging from that of Volume Profile and there were multiple imbalances heavily skewed on the short side. That being said current value is so far from both weekly and monthly VWAP so the only question whether trip back will be executed in one go on FRiday session (possible but unlikely) or most probably Monday-Tuesday.
