Hi friends.
As you may have heard, @TRUExDEMON has announced that very soon he’ll be departing from the retail trading arena. I was fortunate enough to be influenced by him and have since had the privilege to learn a lot about our markets.
Trade I just took on #NQ#Futures :
Price falls and holds at point of control. It then rises before going down for a retest.
In the move down CVD made a lower low while price made a higher low. I see this as buy-side absorption, indicating an imminent potential bullish move.
I market in for a risk-reward ratio of 1 and ATR=~6.
Pop comes in and hits my take profit.
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ATR is low, but the rising CVD with price failing to make higher highs/lows indicates absorption by sellers. This is not an A+ setup, but it's sufficient for me to go short, targetting the base of price structure around 20285.
After enough buying power was spent, price retraces to a local interest level for support as detected on the volume profile. This made for a great short on the #NQ.
If you want to see more of this - join us on discord and sign up on https://t.co/jlF4RCBB4L
New feature I'm pretty hyped for on Copilot #futures - order flow clustering! I built a model that clusters order flow behavior into categories for greater insight into market imbalance.
Sell and buy order flow are clustered into "absorption", "imbalance", "inefficiency", and "backoff" categories.
In the first picture the model flagged the order flow as being in "sell-side imbalance", indicating unusually heavy orders on the ask with ineffective buying.
Daily $NQ #futures trade using copilot @scourge_bot !
CPOC - candle point of control - showed three consecutive candles where volume was in the top wick before price retraced. Bearish.
CVD increased while price didn't - indicates passive seller.
Entered short - 230$ and done.
A small push taps me in and liquidates retail shorts at the POC, then makes a rapid breakdown and I exit the trade at the previous base of structure for 290$. Scalp done, locking the account for the day.
All with https://t.co/jlF4RCBB4L
Daily #NQ#futures trade with Copilot @scourge_bot
I spot the CVD diverging away from price action. This formation indicates the presence of a passive seller.
I look back a bit, and notice this is a repeat of a failed market structure break - CVD made a higher high while price failed didn't. This imbalance gives me a bearish bias.
Our nearest interest level is the POC and it is sell-side dominant. I take a short slightly below it.
Looking for that edge trading NQ. Join https://t.co/SR11DKajlc for access to real time cme volume Cumalitve delta signaled the move way before it happened. I took a small position size because of the holiday. An awesome tool for those who are looking. @flabbergank