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.

 

Nov 222013
 

I expected balance (which admittedly wasn’t very logical) but when I saw ES making new highs I knew I was wrong so I cut my loss on the pullback.  At that point I knew I wanted to trade long so I waited for price to come to my zone (the exact spot where I initially got short) and took the long.

Note that the signals were bullish when I entered my short so starting next week I have a new rule:  Don’t fade signals.  I don’t need to see the sell signal because I’m trading off a zone, but if I have signals against me I won’t step in front of them.  That would have prevented a couple losses this week and so i’ll see how this rule does for next week.

The second trade was against selling signals but since there were both buy & sell signals there they cancel each other out.

It’s subtle and nothing is mechanical, but I do try to make it consistent and repeatable.

nq_2013-11-22_2152