Monday 10/24.2022

Day started out of range and value and also Friday, the last trading day ended with a spike. Initial trading was slow circling back to open price of 3779.50. Futures trading volume was up on Friday. The 6:45 candle tested the upside and did not reach the overnight high. The first range extension was to … Continue reading Monday 10/24.2022 →

Trend day, open drive retest

Today started out slow. I took the opening trade short because the first candle of the day had a range of only 5 points. I got stopped out pretty quickly with a 10 tick stop loss though, unfortunately. Most likely, that was due to stop running by larger players. The overnight high of 3776 was … Continue reading Trend day, open drive retest →

P shaped trend day

The purple line in the middle is the halfback line from Friday's very intense rally to the downside. Meaning on Monday morning we already made halfway back of the losses from Friday. The opening range did not offer a trade with a range of over 9 points. Should have found an entry during the overnight … Continue reading P shaped trend day →

Trend Day

10/13/2022 https://www.tradingview.com/x/oavnhN2a/ Extremely interesting trading trend day, one timeframe. The final structure at close looks like P which is indicative of short covering. Earyly trading: The release of CPI number and jobless claims led to a deep dive of 117 points at 5:30 sharp. It was probabbly imposssible to trade this move unless you get … Continue reading Trend Day →

10/12 Nontrend day

https://www.tradingview.com/x/jkwnW6SD/ 10/12 was a nontrend trading day. Price never left the IB. The IB was very narrow and consisted only of the first A period. The day's range was only 65 points which is equivalent to the prior night's range. Directional conviction was very poor as price kept trading through the opening price up until … Continue reading 10/12 Nontrend day →