30d:3hr
-Wow looking back on the day we spiked massive in premarket then ate the entire move all day and now we are sitting right back in this previous range and BELOW the uptrend break that occurred 4 trading days ago. What a wild spike that is. It happened and disappeared just as quickly.
1d:5m
-Pretty nice downtrend throughout the day. Another scenario where I did not take advantage fully of the perfect lower low and lower high setups. I only traded a few moves lower but shouldve easily walked away today with 20 points had I been more intelligent.
1d:5m Volume by Price
We have multiple areas here where the SPY broke down in key levels where the volume by price was very significant. Inbetween those zoned it was a pure freefall and those are the spots where you want to make the money.
1st Trade: Long off 50ma and tape slowdown
- Took a decent little 4 point long here where I really just took a bottom where we had signficant volume from the CPI print and on the price by volume indicator on the TOS platform. I really took this entry with thoughts that I was going to scalp the bottom and watch this thing spike back to highs. When we sold off again and very heavily I was surprised that we just started downtrending lower and lower all day. I did sell my exit almost 10 points before even 1 major pullback occurred but i am not going to be mad about a 4 point trade in futures.
2nd, 3rd, and 4th Trades: Short, Long, Short
- I took a Short right below vwap for that move lower and immediately made 3 points on it then for some dumbass reason I went long immediately after and deleted the gains. So stupid. Not sure how long itll take me to realize that just doing what the trend is doing is the best option 9/10 times and ESPECIALLY when we have massive RVOL and catalyst such as CPI.
- The last short I took was a clean 6.5 point move lower on that second drop but JESSUUUUS I left like 30 points on the table. If I had held for even just a lower low I wouldve made almost 20 points on this trade which is 100 dollars. I guess its still a nice trade to get 7 points but not really considering the massive upside that was completely missed.
If I was better:
-Couldve just taken a short early and watched all of these lower lows and lower highs form and couldve really just scalped all the tops where we failed perfect at lower lows attempting to create lower highs. So clean. Another missed opportunity. I probably have at least 15 days like this so far this year where I just see them happen all day and they are almost fullly untraded by me. That will change someday in the future but I have no clue when.
