Shared by
lrud1314
- Another short biased day with job reports coming out and a big selloff past both Thursday and Wednesdays high of days during the overnight session
- found good additional information about our edge - if trying to time reversals of a multi-legged move in either direction, confirmation comes in the form of elevated volume relative to the last couple of bars IN THE DIRECTION OF THE TREND
- elevated volume relative to past bars combined with approach to a known level of S/R adds context to the trade
- Not waiting for a confirmation candle was helpful in both successful trades
- Good job at keeping losses extraordinarily small - gave way to small wins outweighing the losses
- Note: that successful trades all took place after 10am - may be a reason to not trade the first 30 minutes after the open
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-03 09:45:25 | MESM2 | sell | $4116.50 | short |
| 2022-06-03 09:47:05 | MESM2 | buy | $4118.75 | 0 |
| 2022-06-03 09:54:16 | MESM2 | sell | $4123.50 | short |
| 2022-06-03 09:54:43 | MESM2 | buy | $4125.50 | 0 |
| 2022-06-03 10:02:02 | MESM2 | sell | $4139.00 | short |
| 2022-06-03 10:04:08 | MESM2 | buy | $4135.50 | 0 |
| 2022-06-03 10:24:04 | MESM2 | sell | $4131.50 | short |
| 2022-06-03 10:25:41 | MESM2 | buy | $4128.25 | 0 |
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