Today's Trade + Wednesday Levels (6/11/2024)
Today's Trade + Wednesday Levels (6/11/2024)
Nice long for +306 ticks (another variation on Value Trading)
Tonight it’s going to get wild!! Election night is here and that means it’s time to trade with extreme caution (or not at all, unless you want to put it all on RED ((not financial advice lol)).
Anyway, today I got a trade on (Combine only, again, not trading any real money this week) and added another XFA to my lineup.
Let’s take a look at the trade today, since it didn’t use our usual levels as we had traded so far away from them:
Futures Trading Prop Firm I Use (60% Discount)
Todays Trades:
Trade Breakdown:
Long around current day POC at the time, built into the position with 5 contracts.
As these trades were taken on a Combine, just targeting a total of +300 ticks.
Nice bullish order flow and loads of buying at the lows of the consolidating range.
Price launched upwards rather quickly for a full take profit and another $50k XFA ready and waiting in the cut!
Commentary: Great trade. As we are trading away from the previous day value levels, all you can work with in these situations if you still must trade are the current day levels.
For this, I like to use a Visible Range Volume Profile, and scroll back to capture the data from 9.30am NY open of the current day.
When bullish, I’m looking for longs at POC or VAL — since we traded back down to POC and were met with lots of buying/support, I was comfortable to get long with a rather tight stop loss.
Wednesday Levels:
NASDAQ:
The levels I’m looking at going into Wednesday are:
Value Area High: 20,348.00
Point of Control: 20,323.75
Value Area Low: 20,265.25
Now keep in mind that the election results will be shown during the overnight session, so it’s extremely likely that we are going to move quite a distance away from these levels going into tomorrows session.
That’s it for today boys and girls!
Trade safe tonight, and I will catch you tomorrow after market close.
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.
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:
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