2022-10-26

At the moment we also have an intact breakout from the bigger balance NQ is sharply down with earnings from msft and alphabetLarge NQ-ES-divergence often leads to big chopImportant to watch both markets on days like thisNQ drops below rth low but holds and starts to riseWe get a choppy up-move in ESEverything seems strong, we get a slow pullback in lunchtime which for me is buyableFails to hold vwap. Minustrade for meBut does not sell off. It holds above rth l.These moves are not so easy to trade at the momentWe have to see how the market reacts to the coming numbers. On Thursday we get aapl and amzn after the closeGiven the sell offs in msft and alphabet the market seems to be strong in my eyes Next week we have fomc and the following week midterm elections. These news are ultra important

2022-10-25

The breakout from smaller balance is intactLets see what we get regarding the bigger balance We continue to rally the whole day without a bigger pullbackOf course this is much coveringIt remains to be seen if this is only a bear market covering rally or if we have the longer term low in One day doesn´t make a market

2022-10-24

Gap up out of 5 day balanceStarts strongThen fails and breaks back into balanceTurns again and goes up the rest of the sessionTwo surprising changes, not easy to trade

2022-10-21

We have a 4 day balance area which is inside of a bigger 4 week balance areaWe open at the lower end of y range and the 4 day balance areaWe test below and failWe move up strongly almost to the upper end of the 4 day balanceNot a classic trending day because we had a strong corrective move What about next trading week?There was much covering in this up-moveWe will see if longer term buyers will also come inThe last rallys were all sold offMost important earnings weekBe objective and open to all possible outcomes: 1) look above and go 2) look above and fail 3) door no 3 is balance,Do not go into overnight swing positions. These will lead to bias and kill your daytrading objectivityStart each day flat and open minded and enjoy low risk daytrading 

2022-10-20

Looks we are still balancing out this last up-moveOpens in balanceFails to go lowerMakes a nice up-moveEverything looks good for a second up-move in the afternoonBut it fails and goes lower with some fed speaking

2022-10-18

Trading day Open with huge gap up at top of overnight session with 100% long overnight inventory This is an invitation to go for the fade which worked out fine For me unepected they filled the gap completely Middle picture and how to act We produced a red candle but nevertheless this was a positive day for the bulls as we accepted higher prices compared to the days before We now have a choppy 3-week-balance area which is not my favorite We also have Q3 earnings at the moment I think at the moment the map is unclear For daytrading: Be extremely objective. Do not develop biases. When in doubt get out. Cash in instead of making larger destination trades Be a collector - not a hunterGo for base hits - not homeruns

2022-10-17

Interesting overnight sessions that opened at rth low and  went up the whole session It is not a real gap but a big one with a good amount of shock and awe. Where did much selling take place yesterday? At the poc. Gap up and go and hold Good example that you should not expect too much more on a large gap Get a cheap price and scale out humble is the m.o.

2022-10-14

Open with gap up in potential covering environment Market tried to go higher but failed Good example that you have to be as objective as possible (your mind has to be open to all different outcomes)Fell the whole day and closed low with low pocRetraced between 50% and 61,8% from that brutal covering move the day beforeVery unclear what the next direction will be

2022-10-13

Very large gap down Ultra massive covering-trend-day Large gaps The larger the gap the more  promising is the fade The larger the gap the more dangerous is to go with it