Another fantastic trade today, caught an easy +21 ticks - slowly chipping away at building up the balance in my smallest funded Topstep account!
Let’s have a look at today’s play:
My Trade:
Trade 1:
LONG 1 CONTRACT at 2,649.5
TAKE PROFIT on 1 CONTRACT at 2,651.6
Total Outcome: +21 ticks
Futures Trading Prop Firm I Use (60% Discount)
Executions + Trade Reason:
Trade Breakdown:
Price trading below VAL, was waiting for a rejection + strong buying on the Time & Sales.
Strong buyers appearing near the low at 2648.6, quickly snapping price up a few ticks.
Bought in with 1 contract at 2649.5, 10 tick stop loss at the low, and targeted a retest of the VAL for just over 20 ticks.
Quick movement back to the upside, easy trade.
Commentary: Just another easy trade! Whenever we are below VAL or above VAH, I’m stalking either a long (at VAL) or a short (at VAH) - so I’m typically looking for signs of rejection in the opposite direction.
Once I saw rejection at the lows I was quite confident in a run back up to retest VAL.
Wednesday Levels:
The levels I’m looking at going into Wednesday are:
Value Area High: 2,680.5
Point of Control: 2,669.8
Value Area Low: 2,662.8
Another green day in the bag. I lock the accounts once I’ve secured my profit target for the day - then I don’t think about the markets at all until I write this email to you and go into the next session!
Couldn’t fix the lag issue for my stream yesterday, and I’ll be away today, but I’m going to try some more fixes for tomorrow’s session to see if we can get a live stream in this week on YouTube.
Otherwise, catch you in tomorrow’s email.
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.