Today's Trades + Wednesday Levels (20/11/2024)
Today was a 5-star trading day for me, two really clean setups with minimal drawdown.
I took one trade with micros (experimenting with using them to build into a position), then the second trade with minis as usual.
Let’s take a look:
Futures Trading Prop Firm I Use (60% Discount)
Todays Trades:
Trade 1: Micro Trade:
Trade Breakdown:
Price trading above previous day POC, came back for first retest. We also had a volume shelf sitting right below POC to further support the trade idea.
Built into the position as it retested, watched the time and sales to confirm good buying, added further into my position for a total of 10 contracts.
Targeted 20,670.00 (+1 tick for fees) as this was the next high volume node in the current day profile, took full profit of 10 micro contracts.
Commentary: Super clean. This is a text book high volume node → high volume node play. Having the previous day POC there was great for extra support of a bounce. If any of this is getting confusing — these are the trades I’m going to break down in this weeks trade recap video on YouTube, so it should make more sense there!
Trade 2: Normal Trade:
Trade Breakdown:
Trading above VAH (not annotated on this chart above but it was at 20,693.75), and we had developed another high volume area above VAH, indicating a potential for price not coming back to retest the previous day VAH. High volume above previous day VAH can also indicate continued interest at higher prices.
With this in mind, I looked for a continuation long, but at the high volume area at 20,719.75 (the red line) as this was a strong point of interest above VAH.
Built in 3 mini contracts to this position, targeting the upper end of the next high volume node above to take profit at. Full profit taken.
Commentary: Again a super clean scalp. This one is interesting because you can see in the profile that participants were still interested in transacting above yesterday’s “expensive” prices. These are clues you can pick up that price will perhaps use VAH/near VAH as support to continue higher, rather than to sell back down.
Wednesday Levels:
NASDAQ:
The levels I’m looking at going into Wednesday are:
Value Area High: 20,792.00
Point of Control: 20,770.75
Value Area Low: 20,625.25
This week is off to a great start! Again, if any of the trade breakdowns above are confusing at all, I will be breaking this down in further detail in this weeks video on Friday.
I hope your week has gone well so far; trade your plan and don’t let the markets trade you.
Trade well tomorrow, and remember the best way to keep updated on my trading/new content is by following my Instagram, I post pretty much daily there (including trades taken etc.)
Talk tomorrow!
Cheers
~Cammy Capital
Discount Links:
Futures Trading Prop Firm I Use (60% Discount)
Bookmap 20% Discount (Code: CAMCAP)
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.”
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