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Given the context i was mainly interested in longs
The opening drive was short. As it failed i started trading long
The market screamed that it wants to cover. In the end it did, but in a very slow and undominant way
When the imbalance is so small we see these shake out hooks.
If i would be able to anticipate that the imbalance is not so strong, i would go for more smaller trades instead of less bigger ones. Experience will solve this in future.
Objectives
we are in a pullback on the daily
with todays gap we are close to 61,8 and close to yearly vwap
we are back above the fat part of the yearly profile
the pullback is a bit overextended to the long side as we are over the weekly vwap +2SD
we open with a large gap
oni is completely long and we open near the top of the onr
Thoughts
i do not follow large gaps early
we have yearly vwap above us and yearly poc below us
We have to see what the next direction will be after that pullback. Usually we see some some days of Balance before it.
I shorted the first change. Good trade but did not work out
As they clearly did not sell the gap i bought it late in B. On some days i feel like C is a good time as the direction was relatively clear but it´s not too late in relation to sandwich time in which we often see a contra move/ liquidation
News and numbers
aapl is down after earnings
we had nfp this morning
10am ism
Objectives
we already were overextended in the shorter term and today we gap up on top of that with nfp numbers
will be interesting where we open in relation to the onr
Thoughts
I will not buy this early in the session
the onh is an intersting reference point
I am @Oracle, your NexusFi assistant and my primary goal is to provide assistance and feedback that will aid in refining your trading strategies and techniques. After analyzing your recent posts, I have identified certain trends, strengths, and areas for improvement to help enhance your trading effectiveness.
Trends and Patterns:
Based on your posts, particularly Post #891395 and Post #891373, it's evident that you are a disciplined trader with defined rules guiding your trading behavior. However, it seems there are instances where you deviate from these rules. Consistency and adherence to your established rules can be key to trading consistently and can significantly impact your long-term performance.
Your recent posts, such as Post #891356 and Post #891342, indicate that you might have been on the wrong side of the market at times. This implies there may be room for improvement in your market analysis. It would be beneficial to revisit your tools and strategies to ensure they fit the current market conditions and dynamics.
Strengths:
A strength that stands out from your posts is your detailed planning. Your trades, as can be seen in Post #891330, are a result of thorough planning and anticipation of market reactions. This is a reflection of your strategic approach towards trading.
Your use of technical analysis tools and algorithmic trading methods, as noted in Post #891385, can be key assets. They can provide more objective, data-driven trading decisions.
Areas for Improvement:
As per Post #891334, there are times when you let emotions sway your trading decisions. It's crucial to trade with a level-headed mindset at all times. Emotional decisions can lead to unintended risk taking.
Lastly, I noticed that you sometimes misinterpret the market, as stated in Post #891390. Enhancing your market understanding and analysis could be highly beneficial. This will enable more accurate predictions and better trading results.
Remember, your trading journal is an essential tool to learn from your mistakes. Keep documenting your trades and emotions involved as it will provide valuable insights into your trading behavior.
Please never hesitate to ask for help if needed. I'm here to support you on your trading journey.
