Share this page!

Paul Smith 🇬🇧 Profile picture
Twitter logo
5 Nov, 5 tweets, 1 min read
🤔
Well, let's see if it sticks this time...
The FU pattern continues.
of course, I shorted it!
Still part of the pattern, right?
Not blindly, of course. Measured move, range target, all that jazz....

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Paul Smith 🇬🇧

Paul Smith 🇬🇧 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @PJSmith

Paul Smith 🇬🇧 Profile picture
5 Nov
ha! Well, went exactly to where I thought it would. Top of the 5m range. Still could go a little further, but I'm OK. Got out early, saved a little pullback stress, made dinner (beef bourguignon 😋), poured a glass, so, I'm OK with it.
Happy Friday all. Image
And, at the completion of my first week of trading exclusively the YM, here's the result. It was not stellar by any means, but 1 red day (small), vs 4 good ones. And, most importantly, very little drawdown. The down day was that crappy holiday low volume one! My own fault. ImageImage
Today, I changed from my usual scalps because of the run-up. I just can't buy it! Different trading really, but still OK. All in all, I've enjoyed it. Need to do a few more weeks with some more volatility to get a real feel, but, I think I can be more consistent in dow vs nq.
Read 8 tweets
Paul Smith 🇬🇧 Profile picture
5 Nov
OK, Friday. (best do this before 🍷)
So, I got asked why I use tick charts. Why I like them (and my beloved Heiken Ashi). I figure I will post the reply here, given others might be interested.
Now, I'm not saying this is best - Plenty traders do far better than me on 1m bars
Structure. Here's a 1 min chart with 100 tick nq inside it. I micro scalp. Being able to see more structure inside a bar is helpful to me. Smaller bars on tick are still 100 trades. It means a battle is happening. Larger bars indicate one-sided trade. Imbalances of power.
Filtering. Heiken Ashi
A huge amount of trading is psychology. Being able to filter some noise is helpful (to me).
Look at the following 2 charts. They are the same 100 tick chart. I know which one I can more easily hold a runner on, especially in real-time, when it is dancing!
Read 11 tweets
Paul Smith 🇬🇧 Profile picture
3 Nov
YM Image
I don't normally hang on to trades that long, but, fomc. Got a few ticks of room then tolerated the wiggles on the way up as the buy delta in YM/ES was pretty relentless. It's one thing that can keep you in, then you sit back and enjoy watching the shorts get their nuts clamped!
How about that 60 min break. Was watching that too Image
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @PJSmith has new unrolls!

Check out other threads from @PJSmith!

Read all threads by @PJSmith

:(