NQ Futures EOD review 04 Nov 2015

RTH opened with a false break of yesterday’s high (4727.5 vs 4729.5), and auctioned past yesterday’s point of control and to the lower balance zone (HVN). This is contextual review, which is very important practice  (at least for myself) to identify trade location. Actually entries relied on the skill of volume and order flow analysis, that’s a whole different story.

NQ futures EOD review 04 Nov 2015

NQ futures EOD review 04 Nov 2015, chart prepared using Sierra Chart.

NQ Futures EOD review 03 Nov 2015

NQ Futures broke out from bracket on Monday. It retested the previous daily swing high 4676.5 and rejected at the Monday’s VPOC today gave me a hint that the breakout was for real (at least for day trading purposes), and market was trying to discover higher price levels.

NQ Futures EOD review. Chart created using Sierra Chart.

NQ Futures EOD review. Chart created using Sierra Chart.

STOXX 50 FESX review 02 Nov 2015

It has been a long time since my last blog post. I have been trading. I thought I will write a quick review of FESX (DJ Euro STOXX 50 futures) since it is one of the product I frequently trade, and observe some interesting development now.

We are in a 7-day bracket (i.e Price rotates up & down without clear directional conviction.), and yesterday (Monday) we had a false break at the bracket low and previous swing low at  3375, and immediately, we saw short covering which brought the market back to bracket high. The day ended with a short covering profile (P-shaped profile).

This is a going to be an eventful week with ECB president speaks, AUD, GBP interest rate decisions and Non Farm Payroll at the end of the week. It will be interesting to see if we can finally breaking from this box.

DJ Euro STOXX 50 02 November 2015

DJ Euro STOXX 50 02 November 2015  (Chart prepared using Sierra Chart)

BUND EOD review 17 Aug 2015

I am a fan of creating my own trading tools. Yes, it is time consuming, but it helps to reaffirm my understanding of my own trading methodology during the design and development,and the end product helps to reduce some of my repetitive daily tasks during the trading day.

No, I am not talking about automation or algo trading etc. Just tools that help me to make decision. And in case you are wondering, NOPE. I am not selling anything here. This post is part of my journal.

Here is the review of some setups found yesterday in Bund market. The tool used here is FTM candle, which I have developed recently. Nothing magical, what it does is to analyse intraday time & sales data and identify certain patterns which helps me to identify trading opportunities.

Here is the EOD chart of Bund September contract.

BUND 17 Aug 2015 EOD review with FTM tracker candle

BUND 17 Aug 2015 EOD review with FTM tracker candle 

chart created by Sierra Chart.

Burn the boats

Here is the latest addition to the “Videos worth watching” collection.

Burn the boats! by Andy Andrews

In February 1519, Hernando Cortez set sail on the final leg of a voyage that was to take him from Cuba, a stopover, to the shores of the Yucatán. He commanded 11 ships, with more than 500 soldiers, 100 sailors, and 16 horses, bound for Mexico to take the world’s richest treasure. The precious jewels, gold, silver, and sculptures sheltered on this limestone peninsula had been hoarded by the same army for over 600 years. As they listened, Cortez leaned in and said three simple words that changed everything: “Burn the boats.”

Creation of Video Collection page

Lately, I found myself watching more videos than reading blog posts. And I have found some of them are really good, and definitely worth watching again. I thought it might be useful to collect these videos and put them into a place where I can access them easily. As a result, I have created a video gallery on this blog for this purpose.

You can find the link “Videos worth watching” at the side bar or “Video Collection section” from the main page.

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For clarification, I am NOT the owner of these videos. These videos are freely available on hosting sites such as Youtube. All I am doing is to organize them into a useful collection, and hopefully, it is useful to some of you.

I will be adding new videos to the collection. Of course, I welcome recommendations (please, no self promotion).

All right, head to the video gallery, and enjoy watching, and learning!

Here is the sneak preview of the gallery, visit the page for full list of videos