Today's Trade + Tuesday Levels (5/11/2024)
Apologies for missing yesterday’s email, I’ve just come back from vacation so only just had a chance to sit down this morning and get back to the grind!
As mentioned last week, I’m not trading personal or funded accounts for election week — but still keeping my skills sharp by taking trades on paper and combines only.
I caught a couple of really good trades today, so let’s take a look at them.
P.S.: At the end of this email let’s talk about a trading drill that will help you to learn order flow better than anything else…
Futures Trading Prop Firm I Use (60% Discount)
Todays Trades:
Trade Breakdown:
Long just beneath VAL at 20,138.50; remember CONTEXT. I am not bearish on NQ at all today, so was waiting for price to come up once we’ve traded into discount.
Took first profit near the retest of the VAL, definitely expected a temporary bearish reaction as always (since the levels are so bloody good!) so took one contract off and left the last contract on at breakeven — which got stopped out.
Next I waited for price to break thru VAL again to the upside and bought the retest from the upper test. Bought in 5 contracts on each retest targeting near POC for my take profit.
Took one off near the recent high, moved stop to breakeven, then held the remaining 4 to take off just under POC.
Take profit hit!
Commentary: Excellent trading today, I had a really good read on the market and knew what I was looking for (bullish moves only). Especially trading below VAL, I liked the discount pricing to take price back to the upper end of the range.
Tuesday Levels:
NASDAQ:
ELECTION DAY!! Expect violence in the market! The levels I’m looking at for Tuesday on Nasdaq are:
Value Area High: 20,167.75
Point of Control: 20,130.50
Value Area Low: 20,074.75
Although I’m not trading any real money this week, it’s always good to keep the tools sharp by showing up every day!
Now, if you are somewhat new to order flow trading, or you wonder how I know when to buy/sell when price taps these levels of interest…
I’ve just uploaded a new video on my channel now about the BEST order flow trading drill that will teach you how to get in tune with the market.
Head over to my YouTube channel to watch it now, it’s the latest video posted.
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.
Trade safe, catch you tomorrow.
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.