Agressive counter trend trade now in SP, shorted at no demand at supply line around 10am reversal time:
- #33,323
- Jul 13, 2020 10:09am Jul 13, 2020 10:09am
Here is what I meant on a previous post, of how you have to make analysis for longs and shorts at the same time to see if one will countermand the other. I just came to my senses now, but I Was stuck in a bearish bias the whole morning, I donīt freaking know why! You can see how even when you know what you are supposed to do, sometimes you donīt, you get hijacked by thoughts and get lost, so you need to practice mindfulness. Look the excellent long opportunities that I missed because I was "blind", I even forgot to draw pitchforks which are one of the main tools that I use:
- #33,328
- Jul 13, 2020 11:14am Jul 13, 2020 11:14am
{image} Here is what I meant on a previous post, of how you have to make analysis for longs and shorts at the same time to see if one will countermand the other. I just came to my senses now, but I Was stuck in a bearish bias the whole morning, I donīt freaking know why! You can see how even when you know what you are supposed to do, sometimes you donīt, you get hijacked by thoughts and get lost, so you need to practice mindfulness. Look the excellent long opportunities that I missed because I was "blind", I even forgot to draw pitchforks which...
My trading plan for EU this morning already has reached the target, the movement was not exactly as predicted but the bias was clear and moved in the direction as predicted. GU on the other side still fight moving to the upside ... 
- #33,332
- Jul 13, 2020 12:06pm Jul 13, 2020 12:06pm
I think that I got stuck with the bearish bias because I Spend a couple of hours studying the TPO charts and merging several days. It seems that soon it will go down to fill the "pockets" of the big profile. But this is a larger timeframe goal, so I had a bearish bias of a larger timeframe and carried that to intraday in the back of my mind:
- #33,337
- Jul 13, 2020 1:28pm Jul 13, 2020 1:28pm
Update: Added to short position after no demand pullback after strong supply bar:
Note how the upthrust showed up nicely on 1H and 15min timeframes, giving you more confidence afterwards. On 15min the upthrust coincided with a nice selling peak on indi, with no demand in Weis Wave:
Note how the upthrust showed up nicely on 1H and 15min timeframes, giving you more confidence afterwards. On 15min the upthrust coincided with a nice selling peak on indi, with no demand in Weis Wave:
- #33,338
- Jul 13, 2020 1:39pm Jul 13, 2020 1:39pm
Updated: Next target right at the VPOC + lower median line as I was expecting. Closed 2 remaining contracts of 1st short at UT, and one contract of 2nd short at no demand netting extra 76pts. 2 contracts left in play, stop adjusted closer:
- #33,339
- Jul 13, 2020 2:04pm Jul 13, 2020 2:04pm
Update: Stopped out the 2nd short netting 18pts of profit, shorted again a the recend no demand + upthrust action. Was gonna open a long at the spring, but stop was too big, almost 10 points:
You can see in 1min chart that the demand was diminishing at every little move til it printed a no demand bar, nice confluence of timeframes:
You can see in 1min chart that the demand was diminishing at every little move til it printed a no demand bar, nice confluence of timeframes:
- #33,340
- Jul 13, 2020 2:18pm Jul 13, 2020 2:18pm
Update: Partial profits on the last short as it arrived at overnight low plus weekly and daily lines. 2 contracts closed netting more 44pts, 1 contract left in play for the end of session, stop adjusted closer, line in the sand elected. Not much room to the downside given that the ADR is almost exhausted:
