k, i was thinking to post my thought for today...in order to see if somebody has any opinion from what i can learn.
today's morning:
-best probability for type of day is double distribution;
-overnight inventory short;
-opens out of balance and using 8am est as opening time the market in the first 2 periods didn't accept the price and it showed like the range of the day was established. if you add to that the stopping vol from 30 min chart you have a high long probability trade but i like to wait to see haw the c period will act at least the first 10 minutes and see if the stopping vol is followed by what (direct up move, shake out, test?) anyway the idea from any point of view is even the probability of the long trade was high it wasn't necessary to go up right the way...so waiting for a confirmation i missed the entry because the next 30 min bars just skyrocket and after that i wasn't just so sure about everything. so that's the analysis for today and the trade i didn't took.
now at 11:27 pm if you check the 30min chart you will see every up move on high vol was followed by a down candle, so the up move is not sustained is just a mark up? daily profile shows some responsive selling but the asia moved a little to much to have tomorrow another type of trend day...so based on that it will not gonna go to further up.
but the weekly profile which i'm not very familiar with, shows signs of responsive buying...
so with this said i think i will have a limit sell order during the night somewhere at 1.3660 with a very low stop loss. and hopefully in the morning i will have a nice surprise and will have more information in order to get a high probability trade and maybe i will take it this time.
thank you if you took the time to read all this and i wait for your ideas...
today's morning:
-best probability for type of day is double distribution;
-overnight inventory short;
-opens out of balance and using 8am est as opening time the market in the first 2 periods didn't accept the price and it showed like the range of the day was established. if you add to that the stopping vol from 30 min chart you have a high long probability trade but i like to wait to see haw the c period will act at least the first 10 minutes and see if the stopping vol is followed by what (direct up move, shake out, test?) anyway the idea from any point of view is even the probability of the long trade was high it wasn't necessary to go up right the way...so waiting for a confirmation i missed the entry because the next 30 min bars just skyrocket and after that i wasn't just so sure about everything. so that's the analysis for today and the trade i didn't took.
now at 11:27 pm if you check the 30min chart you will see every up move on high vol was followed by a down candle, so the up move is not sustained is just a mark up? daily profile shows some responsive selling but the asia moved a little to much to have tomorrow another type of trend day...so based on that it will not gonna go to further up.
but the weekly profile which i'm not very familiar with, shows signs of responsive buying...
so with this said i think i will have a limit sell order during the night somewhere at 1.3660 with a very low stop loss. and hopefully in the morning i will have a nice surprise and will have more information in order to get a high probability trade and maybe i will take it this time.
thank you if you took the time to read all this and i wait for your ideas...