In the trading community we hear and repeat many things that are widely accepted as fact, without anyone really challenging the view.
Here’s an example:
”Markets stay in balance 80% of the time and trend 20%” of the time"
Lets talk about it...
I certainly believed that too and I have seen this repeated and repeated it myself over the many years I have been trading. In fact I designed most of my trading approach around this simple idea that I should be “fading the edges” and trading from “extreme to back to the middle (balance)”. I also know that many of you do the same.
Jan 14 • 12 tweets • 4 min read
Single Prints
A simple market profile concept you can utilize without being a market profile purest.
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#NQ_F #ES_F #futurestrading 2/ Market profile AKA TPO charts are essentially a 30 minute candle chart organized by using letter sequences that represent each 30 minute period. For example the RTH open would start with the letter A then 30 minutes later the letter B so on and so forth.
Jun 12, 2022 • 4 tweets • 2 min read
Knife Catching Ends with Bloody Hands
My favorite method to avoid catching the knife, reduce FOMO, and find better R:R trades.
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#Trading#WeekendStudy
I know that everyone on FinTwit always buys the exact bottom and top, how do I know this? Well it’s simple, they always brag about those 0 MAE trades :)
Last week a wrote a thread about how I use delta in day trading futures markets. Here's a few thoughts and chartbooks. 2/ NQ - I use a 1-10 Point and Figure with tick size of 2
Apr 9, 2022 • 32 tweets • 6 min read
1/ Trading with Delta and finding Liquidity Zones
Delta is a simple measurement of ask volume minus bid volume, many traders use various forms of delta to infer who is the most aggressive participant in the current auction. 2/ Today I’ll walk you through how I use Delta to identify a very simple trade setup which I will refer to as a liquidity zone.