Dec 122013
 

I had a zone that coincided with the lower end of balance.  The bounce up off the lows looked strong and ES looked even stronger so I thought we’d finish balanced.  I put my order in and left my desk.  I stopped out but I think it was a good trade.  Had I been there watching for confirmation I would have done the same thing although I would have exited when the red arrows came in below my entry, which would have saved a few ticks.  Saving a few ticks can actually make the difference between a profitable and unprofitable strategy since the edge is so small, but I have to balance trading with family & personal time in the evenings so that’s ok.

nq_2013-12-12_2208

 

Dec 112013
 

I saw it unfolding right before my eyes, the big pullback but by the time the signals printed I put my order on and price never looked back.  The signals marked it perfectly.

nq_missed_it

Yesterday was balanced and the buying opportunity at the low of balance occurred just before I got home from work so I didn’t take any trades.  If it went back down there again then I felt a break lower was more likely so there was nothing to do.

 

Dec 092013
 

This week’s plan:

  • Look for a pullback with the trend
  • Look for an order flow arrow to help confirm the entry
  • Use my dynamic zones (not shown in my charts but I’m considering making it available) to confirm the S/R
  • Enter and go for at least 1.5:1 R:R and preferably 2:1

Today was a balanced so I was patient.  Price came to the bottom of the balance area and I got a dynamic zone confirming it along with an order flow bullish arrow.  So I entered and targetted the VPOC.

NQ_2013-12-09_2053

The left chart is a 100 tick NQ and the right one is 250.  I got a blue arrow on the left chart and then on the right one so I took it.  Waiting for the blue arrow helped to get a very good entry with only 2 tick MAE.

So far this month is going well and if I can just be very selective and patient I can finish the month on a high note.   Patience. 🙂

If you’re interested in testing my order flow analyzer just let me know.  It shows the blue/red arrows.  The indicator in the bottom pane is a separate indicator that is still in progress.  And finally the dynamic S/R zones (created from order flow) is also in progress.  If I can get some free time I’d like to make it available.

Good luck with your trading.