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Paul Smith 🌷🇬🇧 Profile picture
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Feb 11 • 5 tweets • 1 min read
Hey, maybe I get some #Friday luck today? Image
Nope. Stopped.lol
Decent win though
Oh, I still got 1 left!
Annnd, it's gone.

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More from @PJSmith

Paul Smith 🌷🇬🇧 Profile picture
Feb 14
Dax! What the hell was that!?
I was short before the move down, but it hit my short tp before I could do anything. Got short again, cos that looked pretty darn weak and headed for the other side! Image
Took some off. Please don't stop my trailers!
Read 8 tweets
Paul Smith 🌷🇬🇧 Profile picture
Feb 13
Code experiments...
I thought it might be interesting to map the pivots around a specific hourly minute. Here, zero, so, on the hour, and observe the price action around those closes. I don't get quite the same view from an hourly chart, for example.
Interesting... 🤔 ImageImage
Just connecting the dots (where you have several in a trend), is kinda nice... ImageImage
OK, kinda messy and limited data, but clearly, hourly trend channel breaks might be something to check out on a few more charts :) These are regression channels, dot to dot (where the dots trend a few) Image
Read 8 tweets
Paul Smith 🌷🇬🇧 Profile picture
Nov 5, 2021
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.
Read 8 tweets
Paul Smith 🌷🇬🇧 Profile picture
Nov 5, 2021
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
Nov 5, 2021
🤔
Well, let's see if it sticks this time...
The FU pattern continues.
Read 5 tweets
Paul Smith 🌷🇬🇧 Profile picture
Nov 3, 2021
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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