Today's Trade + Tuesday Levels (12/11/2024)
Caught a really nice short today during the overnight session, shorting from the current day POC down towards the weekly VAH.
Let’s take a look at the trade:
Futures Trading Prop Firm I Use (60% Discount)
Todays Trades:
Trade Breakdown:
Current session volume profile showed that value was shifting down, with POC moving about 20pts to the downside — we also had a massive gap to the downside, with low volume areas which typically act as “vacuums” which supported my thesis of going short.
Got short at/under current day POC, adding a second contract on the second retest.
Targeting just above the weekly VAH at 21,265.75 as my take profit target (expecting a bounce at this level, which it did!)
Commentary: Fantastic short, textbook use of current day profile and using the nearest (previous weekly) level as a target. This is where it pays not to be greedy and “expect” support to break, as price rallied up about 73 points after it tapped the weekly level.
Tuesday Levels:
NASDAQ:
The levels I’m looking at going into Tuesday are:
Value Area High: 21,221.75
Point of Control: 21,198.25
Value Area Low: 21,162.50
Note that today’s VAH is overlapping with the weekly POC.
Great start to the week! Let’s keep it rolling.
Again I will be streaming an hour for the overnight session this evening, so catch me there!
Have a great weekend.
Cheers
~Cammy Capital
(Also, make sure to follow me on Instagram for more daily updates and trading content, and also to follow the official account for the new order flow education platform coming in December.)
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.
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