Tuesday night around 10pm, in a box with no windows and a roof with a spinning fan that offers only a slight breeze, I start work.
I suppose its my trading den but thats being kind, its an unused cupboard with a sign outside above the door with the words "Millionaire Trader works here"
Maybe its a joke in my household, but we have to believe don't we,
I open up my chart ESZ22 on Jigsaw which is the S&P 500 E Mini Futures - Heatmap on the left and the DOM on the right - two time & sales columns as well flash down the side. Below the Heat Map I place a Cumalive Delta Indy for reference so I know what direction the market is moving, but so i know when traders are active in the markets.
10.03pm
4006.50 - Buyer limit orders - 58 Market Sells - 32 Market Buys - 123 Selling limit orders - 67 Selling Limit orders removed - 23 Buying limit orders added 78
This is my crazy world, sip on a coffee and deciper this information in 0.5 seconds and decide to do one of five things
Do nothing -- Buy Market -- Buy Limit Placement -pop- Sell Market -- Sell Limit Placement
Have you ever slapped your face, "wait up, concretrate boy" yes its may battle to understand whats going on. On the right column I see the Algo's removing liquidity directly off the Selling limit orders. Its incredibly fast and interesting at the same time they are adding Buy limit orders to the Bids. We call in stacking and pulling and the Algo's do this faster than we can see.
Almost
Takes practice and we can run with the wild horses too. That reminds me about my Easter trading trip to Phonix where I was looking for the wild horse at Tonto National forest. There was a group of 4 white horse and 8 brown stallions there, they call then the Salt River horeses. I took a canoe ride down the rapids to spot them, a real highlight of my trip.
4006.75 - Buyer limit orders 88 - Market Sells 22 - Market Buys - 143 Selling limit orders 61 - Selling Limit orders removed 85 - Buying limit orders added 115
Only 1 second has passed yet I see what I need to see. They are pulling Sellers while adding Buyers to the limit orders. The Market Buyers are increasing and their is no back tick, and no coffee if my cup which I need to fix up soon,
10.22pm
I could see but could I react fast enough to trade it?. I took 7 Market Buys during this time and 2 Limit order placements which were executed.
Market Orders were creating a Bullish momentum tail, I was hitting ESZ22 with 4 contracts each trade. My average trade time was 15 seconds a trade, some were 4 seconds. This amounted to about $1200 in the 18 minute period, but I wasn't done.
Climax at 4011.75 Large Bearish candle hit the market, strangly no large Buyer than hit exhausion - a trick or a treat?
Every bloody move is a trap, how should we play it?
I look at the market orders, back tick - forward back tick - forward back tick - forward back tick - back tick back tick fast
Back tick Sellers pouring in to limit order book Buyers being removed from buy limit book
More Sellers
More Sellers
More Fuckin Sellers
THEY ARE SELLING - hang on is this a trap? No I don't see a uptick
Buyer limit orders 18 - Market Sells 142 - Market Buys 23 - Selling limit orders 167- Selling Limit orders added 78 - Buying limit orders removed 115
In 40 seconds, somehow I need to DO SOMETHING and thats a Sell
I take 23 Sells as the order books shouts at me SELL SELL SELL
All trades 4 contracts and I notice days profit has passed 2 grand.
Time 10.48pm
The fan spins still and I think I should replace the blade, I look at the screen to see Red news is 40 minutes away, I will take a break and escape this room with no windows and calm down.
Thats the tough part, my payment to the devil is stress, sometimes bad temper when I see nothing but ................ I don't know at times.
This was my first trading hour of the S&P 500 last time pre open.
I ask myself if I am the trader I want to be?
Think so but who cares, the fan needs replacing first.
I suppose its my trading den but thats being kind, its an unused cupboard with a sign outside above the door with the words "Millionaire Trader works here"
Maybe its a joke in my household, but we have to believe don't we,
I open up my chart ESZ22 on Jigsaw which is the S&P 500 E Mini Futures - Heatmap on the left and the DOM on the right - two time & sales columns as well flash down the side. Below the Heat Map I place a Cumalive Delta Indy for reference so I know what direction the market is moving, but so i know when traders are active in the markets.
10.03pm
4006.50 - Buyer limit orders - 58 Market Sells - 32 Market Buys - 123 Selling limit orders - 67 Selling Limit orders removed - 23 Buying limit orders added 78
This is my crazy world, sip on a coffee and deciper this information in 0.5 seconds and decide to do one of five things
Do nothing -- Buy Market -- Buy Limit Placement -pop- Sell Market -- Sell Limit Placement
Have you ever slapped your face, "wait up, concretrate boy" yes its may battle to understand whats going on. On the right column I see the Algo's removing liquidity directly off the Selling limit orders. Its incredibly fast and interesting at the same time they are adding Buy limit orders to the Bids. We call in stacking and pulling and the Algo's do this faster than we can see.
Almost
Takes practice and we can run with the wild horses too. That reminds me about my Easter trading trip to Phonix where I was looking for the wild horse at Tonto National forest. There was a group of 4 white horse and 8 brown stallions there, they call then the Salt River horeses. I took a canoe ride down the rapids to spot them, a real highlight of my trip.
4006.75 - Buyer limit orders 88 - Market Sells 22 - Market Buys - 143 Selling limit orders 61 - Selling Limit orders removed 85 - Buying limit orders added 115
Only 1 second has passed yet I see what I need to see. They are pulling Sellers while adding Buyers to the limit orders. The Market Buyers are increasing and their is no back tick, and no coffee if my cup which I need to fix up soon,
10.22pm
I could see but could I react fast enough to trade it?. I took 7 Market Buys during this time and 2 Limit order placements which were executed.
Market Orders were creating a Bullish momentum tail, I was hitting ESZ22 with 4 contracts each trade. My average trade time was 15 seconds a trade, some were 4 seconds. This amounted to about $1200 in the 18 minute period, but I wasn't done.
Climax at 4011.75 Large Bearish candle hit the market, strangly no large Buyer than hit exhausion - a trick or a treat?
Every bloody move is a trap, how should we play it?
I look at the market orders, back tick - forward back tick - forward back tick - forward back tick - back tick back tick fast
Back tick Sellers pouring in to limit order book Buyers being removed from buy limit book
More Sellers
More Sellers
More Fuckin Sellers
THEY ARE SELLING - hang on is this a trap? No I don't see a uptick
Buyer limit orders 18 - Market Sells 142 - Market Buys 23 - Selling limit orders 167- Selling Limit orders added 78 - Buying limit orders removed 115
In 40 seconds, somehow I need to DO SOMETHING and thats a Sell
I take 23 Sells as the order books shouts at me SELL SELL SELL
All trades 4 contracts and I notice days profit has passed 2 grand.
Time 10.48pm
The fan spins still and I think I should replace the blade, I look at the screen to see Red news is 40 minutes away, I will take a break and escape this room with no windows and calm down.
Thats the tough part, my payment to the devil is stress, sometimes bad temper when I see nothing but ................ I don't know at times.
This was my first trading hour of the S&P 500 last time pre open.
I ask myself if I am the trader I want to be?
Think so but who cares, the fan needs replacing first.
Trading thin liquidity at the boundary of the charts
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