Los Angeles, CA
Experience: None
Platform: Ninja
Trading: Futures
Posts: 9 since Apr 2021
Thanks Given: 2
Thanks Received: 4
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October 20
Notes & Expectations
. High Timeframes: Month reached last month’s close, week 3rd 1TF up, 5th day 1TF up
. Overnight : Settled near 4516 high, sold steady to 4504, impulse up, dropped off, drifted near prior settle to open
. Notes for today: Fed speeches at 8am and 10am, 3 gaps below over last 3 days (weak structure), bullish close yesterday, likely to be resting day.
. Inventory: -51% on 175k contracts
. ON Range: 13
. RTH Range: 4515-4487 = 28
. RTH Rotations: 7.75
. Market Posture: Neutral
. FT Scenario 1:
. FT Scenario 2:
Opening Notes
. Open: 4516 slightly above range
. Opening Type: Open auction out of range, resolved higher
. Day Type:
. Opening Swing: 4514 - 4525
. IB: 4514 - 4530
Watching
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Other Key Levels
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Play-By-Play
. Open auction,
. Resolved higher at 8:45 cst on impulse move (multiple buy imbalances)
. Some absorption of buy imbalance at 4524-25
. Slow drive on negative delta to 4518 VWAP, PH, ONH confluence
. Strong move up from confluence area supported by aggressive buyers (1k+ lots) to 4532.50, overcoming aggressive sellers
. Looks like sellers stepping in as price drops from move to 4532
Trades & Notes
Restless night trying to get to sleep so I set my alarm to 9am cst and got a late start, so I only did prep and watched the market. The one trade that would have fit my criteria was long from 4518 area (VWAP, PH, ONH confluence) on the pullback after breaking out of the open auction range. Feeling frustrated to be struggling with finding time to dedicate to my trading, but it’s a work in progress.
What I did well: Stuck to my rules by not trading when I didn’t get proper sleep, completed market prep and play-by-play analysis
What I’m learning: To efficiently use my EdgeproX platform after switching from Ninja
What I’m going to change: Follow-through on managing my time to allow for more trading
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