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.
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.
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.
Just look at that lovely move!
I got out on the poke lower, just before the pullback.
Because I was impatient!
Anyway - I hope you all had a good week? If still struggling, know I'm not doing anything special. I have some good tools, have a bunch of screen time, and worked out what works for me. No magic wand (well - maybe a little hocus pocus 😉), and nothing works all the time
I'm very certain a boat load of people did way better than me this week in terms of $$. In fact, I know it. I'm small fry. The aim is to consistently be green - Doesn't matter the $ value. That comes AFTER. You'll get there if you survive long enough.

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More from @PJSmith

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
5 Nov
🤔
Well, let's see if it sticks this time...
The FU pattern continues.
Read 5 tweets
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

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