Nothing of what i write or do was created by me, It is all based on the work of others. I am very grateful to everyone who has helped me
I am learning and adapting everyday. My education is far from beeing finished
The plan is to make one post pre market and one post after the session. I will describe how i saw the market and how i traded it. Perhaps this is of help for others and also for me
I am interested to get in touch with people who trade similar styles or products to benefit from each others experience
Please feel free to add comments, thoughts, critics, how you saw the market, how you traded it ...
My thoughts about the market
I try to reduce the complexity of the market to a model that a) is as simple as possible and b)suits me
Each timeframe is either Moving or Balancing. If it moves, it moves to find Balance again. Balance is much better to see than Imbalance. "Balance is all we understand" (Merritt Black)
I try to trade in relation to Value. I use Market Profiles to see Value on balancing timeframes. I use vwaps to see Value on moving timeframes
What sounds clear in theory is very hard to trade in real life. Sometimes you have to just see what is and follow. Sometimes you have to be more offensive and anticipate
In the market, there is always a conflict. At the moment everything seems bullish the inventory is already very long and the risk of a liquidation break is increased
It is always conflicting, but there are sweetspots
ES versus NQ
In times of lower volatility i trade the NQ
In times of higher volatility i trade the ES
My 3 questions
What is tf0 doing?
How is this embedded in tf1?
How high is the opportunity?
My trades
I do not see them as setups. I see them as tools that have to suit to the actual market
SCALP_dynamic: Speculation that a move that has already started will continue. Limit entry on a pullback
SCALP_contra: Speculation that a move is (temporarily) over
MOVE_initial: Trying to catch the start of a first move
MOVE_second: Speculate on a second move after a substantial contra-move