Today’s Trade + Monday Levels (5/10/2024)
Two trades today +25 ticks, and a total of +636 for the week.
I got a couple of small trades in today to end the week, another green week in the bag.
The initial trade was to short the VAH of the day, but after seeing a small sell reaction and more buyers stepping in — I quickly flipped bullish and entered long form the VAH for a quick pump to the upside.
Let’s take a closer look:
My Trades:
Trade 1:
SHORT 1 CONTRACT at 2,677.7
MANUALLY CLOSED 1 CONTRACT at 2,678.4
Total Outcome: -7 ticks
-
Trade 2:
LONG 1 CONTRACT at 2,678.5
LONG 1 CONTRACT at 2,678.5
TAKE PROFIT on 2 CONTRACTS at 2,680.1
Total Outcome: +32 ticks
-
Total outcome for the week: +636 ticks
Futures Trading Prop Firm I Use (60% Discount)
Executions + Trade Reason:
Trade 1 & 2:
Trade Breakdown:
Initially got short at VAH as would normally be the play. However we had little to no reaction with buyers quickly snapping price back up to VAH every time we dipped down a few ticks.
Once we broke VAH and retested the other side, I closed my position for a small loss and got long with 2 contracts from the other side.
A couple of minutes later, price rocketed up towards the PW POC (the weekly levels have been insane this week right!)
Took profit at round number 80 (+1 tick for fees)
Commentary: Great trade, this is what I mean when I’ve said in the past to be adaptable and reactive to what’s actually happening in the market. Sometimes your initial trade may be proven wrong, and if you can get out for a small loss while still getting a favourable entry for the opposite play — it’s worth the win.
Never marry a bias/trade idea, and be ready to adapt based on what you are seeing in the order flow.
Monday Levels:
The levels I’m looking at going into Monday are:
Value Area High: 2,678.2
Point of Control: 2,670.3
Value Area Low: 2,664.1
We stayed within the previous weeks value levels all week this week, and had many great setups from those areas too. So this past week has been stuck in a relatively tight range; let’s see if next week we see a breakout to the upside/downside.
What a great week of trading! I hope you have found these emails insightful and valuable.
On Sunday I will send out the weekly levels for next week, but otherwise have a great weekend and remember to get away from the screens!
It’s almost summertime here in NZ so I’m going to be out enjoying the sun.
Take care guys.
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.