Pre-Market Analysis 28/02/11 — Daily Levels

Sunny Go Pirate Boat

Pre-Market Analysis Weekly 28/02/11 — Weekly Levels

Sunny Go Pirate Boat

Come Back — I have been away from trading and my journal for some weeks. I needed to take some rest from live trading to digest my new trading knowledge learned this past few months... I will slowly comeback to live trading and my journal, ...

Sunny Go Pirate Boat

Pre-Market Analysis 24/01/2010 — Levels to take action from for tomorrow.

Sunny Go Pirate Boat

20/01/11 — No trade yesterday. Mixed day again today ... I made 4 trades, two losses, a profitable one and another one ended at break even. I ended the day flat I am still trading to the short side as we remain in the VAH of the long term ...

Sunny Go Pirate Boat

18/01/11 — No trade yesterday as I usually do not trade during bank holidays in UK or US. We still are at the VAH of the long term balance area and price challenged friday rejected high. As we were not in a trend day I decided to look for ...

Sunny Go Pirate Boat

14/01/2011 — Very bad day today ! I was more focus on the outcome of my trades than on the process of doing them : novice mistake. All started with a long trade opened after the retracement into the open drive near yVAL and VWAP resulting in a ...

Sunny Go Pirate Boat

Intresting — Playing a little bit with merging give me a broader view of the long term market structure. Today moved from the VAL to VAH of this big picture balance area. It's fair to expect very long term responsive sellers in the next ...

Sunny Go Pirate Boat

13/01/11 — With yesterday trend day type, focus was on initiating long position, but as said needed confirmation regarding value that was kept lower than price. This confirmation came trough an open drive caused by long term buyers reaching ...

Sunny Go Pirate Boat

Daily Price Volatility — Premium information to understand the personnality of the asset you trade. Useful tool for self confidence and money management

Sunny Go Pirate Boat

12/01/11 — No trade for me today. I did not find confirmation on the volume breakdown, furthermore I did not have the guts to go long. That being said there was a good test of the yPOC and yVAH confluence during the beginning of the afternoon, ...

Sunny Go Pirate Boat

11/01/11 — Imbalance challenged yesterday with a normal variation day that had a directional conviction skewed to the upside ( closed above value near the high ): Aim to sell above value, and buy below value. Keep in mind that long term the ...

Sunny Go Pirate Boat

Market Profile Introduction — Every off-floor trader would like to get a feel for how things really are on the exchange floor. Mastering Market Profile may help you get it. Market Profile Basics Worried that you’ll never be able to compete ...

Sunny Go Pirate Boat

10/01/11 — Price sustained imbalance to the downside on friday with a normal variation day : go-with approach There was an opportunity that appeared at lunch time with a test of the IBH that I did not trade. After testing the IBL, price moved ...

Sunny Go Pirate Boat

07/01/11 — Directional conviction through imbalance to the downside for two days. Yesterday appeared as a double distribution day : Go-with approach. Some selling opportunities but the best one came after the NFP release that moved the price ...

Sunny Go Pirate Boat

Resources — Credits and Resources : http://wyckoffstockmarketinstitute.com/ http://www.tradeguider.com/ http://www.jdaltontrading.com/ http://www.l2st.co.uk/ http://traderfeed.blogspot.com/ http://www.balancetrader.com/main/ ...

Sunny Go Pirate Boat

Management — MANAGE the position - Minimise risk and maximise profits : Scale out of trade to help minimise the risk and maximise the profits at the same time in a trade Aim to get to a risk free trading situation as soon as possible, however ...

Sunny Go Pirate Boat

Order Flow — CONFIRM the trades with the market delta Footprint When I have a Buying opportunity, things to look for are : A closing Footprint with positive delta. Evidence within the Footprint that buyers have liffted the sellers offer at ...

Sunny Go Pirate Boat

Risk/Reward — Determine the RISK/REWARD before taking a trade : NEVER consider a trade without first working out the potential RISK and REWARD in that trade. Use key market generated levels ( VAH, VAL, POC ) to identify areas to which price ...

Sunny Go Pirate Boat

Price Action — Using Price Action to IDENTIFY a trade setup : Use a setup that I am comfortable with and am able to identify with ease. Setups are coming directly from both Wyckoff and Tom Williams ( Volume Spread Analysis ) methodologies . ...

Sunny Go Pirate Boat