Some really good trades today, and if you were trading any time after the London Open — FOUR more setups at the weekly value area low, how good!
I’ll be posting a video on the YouTube channel early Friday AM expanding on how I setup the Volume Profile every day, and how I use it for trade context etc. so you ca see a practical example of what my daily “routine” looks like when marking things up.
But for now, let’s look at the trades I took today:
My Trades:
Trade 1:
SHORT 1 CONTRACT at 2,681.3
SHORT 1 CONTRACT at 2,681.2
TAKE PROFIT on 2 CONTRACTS at 2,677.9
Total Outcome: +67 ticks
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Trade 2:
SHORT 3 CONTRACTS at 2,677.5
TAKE PROFIT on 2 CONTRACTS at 2,675.9
BREAK EVEN STOP HIT on 1 CONTRACT at 2,677.5
Total Outcome: +32 ticks
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Trade 3:
SHORT 2 CONTRACTS at 2,676.6
TAKE PROFIT on 2 CONTRACTS at 2,675.4
Total Outcome: +24 ticks
Futures Trading Prop Firm I Use (60% Discount)
Executions + Trade Reason:
Trade 1:
Trade Breakdown:
After the Asian open, we had a massive pump to the upside towards the weekly POC, trading above the current Value Area High.
Was anticipating shorts, so once we had the “fakeout” identified by the swift upside move immediately followed by heavy selling, I got short, targeting the Value Area High as a take profit level.
Price slowly tumbled back down, securing full profit at VAH.
Commentary: Great trade, called the top almost perfectly. Be wary of sudden one-sided moves on the Open, these are often fakeouts/stop-runs that you can take advantage of in context of the Volume Profile.
Trading at VAH, near previous week POC, in a ranging condition = expensive price, anticipating shorts.
Fakeout to the upside on the open = perfect short entry!
Trade 2 and 3:
Trade Breakdown:
Short from retest of VAH on the underside, 30 tick stop loss. Faced. abit of heat initially with price coming back above VAH.
Still confident in price going down, overall context was to look for shorts (ranging week, no clear trend established. Trading near highs = look for shorts.)
Held the trade, price melted down around 11pm EST, was targeting POC for full profit, but buyers stood in half way there.
Secured profit on 2 contracts, left 1 contract to run but that got stopped out at break even.
Entered a short position again on the retest after midnight EST, smaller size, and targeting just +12 ticks. Quick easy short scalp.
Commentary: Great trades again. That second trade that was just a 12 tick scalp ended up running all the way down to POC (my initial trade idea) so the only area of improvement there could have been holding a runner, but I was happy with my take for the day so didn’t mind securing profit and walking away.
Friday Levels:
The levels I’m looking at going into Friday are:
Value Area High: 2,676.1
Point of Control: 2,670.0
Value Area Low: 2,659.6
We are still within a rather tight range this week, so I’ll continue to play that range until we break out, if we do at all.
We are currently trading at “expensive” prices so I’m anticipating shorts while we remain under the previous week’s POC.
That’s all from me today! Hope you guys are finding good value in these daily emails — one of the main points I’d like to get across with these is that trading need not be complicated. The setups I take are stupidly simple, but based on real logic/data points.
Unfortunately I have to reschedule today’s stream to Monday, I won’t be home in time today to stream my session with you; but I’ll make sure to get some trades in today to share with you in tomorrow’s email.
Until next time!
Cheers
~Cammy Capital
Discount Links:
Futures Trading Prop Firm I Use (60% Discount)
Bookmap 20% Discount (Code: CAMCAP)
Footprint Charts I Use ($15 Discount)
Disclaimer:
I am not a financial advisor. All content produced by me here or anywhere else on the internet are strictly for entertainment and educational purposes only. Some of the links contained are affiliate links, meaning I receive a financial kickback for when you sign up for their services. I only ever promote products and services that I personally use and trust myself.
CFTC RULE 4.41: “These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.”
Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. "Cammy Capital" and all individuals affiliated assume no responsibilities for your trading results. All information conveyed is for educational purposes only and should not be construed as investment advice. Your use of this information is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.