dreezyreeve's /MNQ Trade Planned

Trade Detail

dreezyreeve's /MNQ Trade Planned

Trade Details

Published

Dec. 12, 2024, 4:04 a.m.


Status
PLANNED

Portfolio(s)

ICT Concepts/Variation Strategy Integration,


Broker

TopstepX

Asset

Future

Future Date

Dec. 11, 2024

Future name

/MNQZ24

Symbol

/MNQ - View rating


Type

Short

Pattern(s)

12H BSL, 30M Bearish Variation,

Featured Image / Proof

Stats

Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $ P&L With Fees
0.0 0.0 0.0 0.0 0.0 unrealized unrealized unrealized

Auto-generated Chart BETA

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Notes

For tomorrow’s trading session, a key intention to focus on is:

"Prioritize multi-timeframe alignment of liquidity levels and confirm the first opposing trend shift on the lowest correlated timeframe before executing a trade."

This will help you stay disciplined, ensure you're trading in harmony with the broader market context, and refine your entries for higher probability setups.

 

 

 

 

Your journaling highlights key observations and potential refinements to your trading strategy. Here are the takeaways and insights from your session:

Key Observations

  1. Liquidity Levels with Multi-Timeframe Correlation:

    • Liquidity levels (buy-side or sell-side) often have significance across multiple timeframes.
    • For example, a 2-hour liquidity level may also align with 1-hour or 30-minute levels, enhancing its reliability.
  2. Trend Shift Dynamics:

    • Trend shifts often occur on the lowest timeframe that aligns with a significant liquidity level.
    • Today's failed trade showed that while the 12-hour buy-side liquidity level was a valid marker, the bearish variation and shift happened on the 30-minute timeframe, indicating the need to refine the timeframe focus.
  3. Range Construction Insight:

    • The first lower timeframe to shift direction against a protected liquidity level can signal the potential start of a range in the opposite direction.
    • This implies that identifying and respecting the timeframe where the initial reversal occurs is critical.
  4. Data-Driven Moves and Context:

    • The continuation squeeze into all-time highs post-8:30 data shows that macroeconomic events heavily influence price action, overriding shorter-term signals.
  5. Stacked Liquidity Levels:

    • Noting the relative equal lows on the 15-minute chart just above the 30-minute sell-side liquidity suggests nested liquidity zones.
    • This highlights the importance of understanding how liquidity levels interact across timeframes and how they can act as magnets for price.

Lessons Learned

  • Importance of Multi-Timeframe Alignment: Ensure liquidity levels and trend shifts are validated across multiple timeframes, prioritizing the lowest timeframe with clear confirmation.
  • Timeframe Hierarchy: Pay attention to which timeframe begins the trend variation; this may provide better context for range formation and reversal opportunities.
  • Respecting Market Context: Always consider external catalysts (e.g., data releases) and their potential to distort patterns or create new trends.
  • Fine-Tuning Entries: The failed trade reinforces the need to wait for more confirmation or better alignment of multi-timeframe trends before entering.

Potential Adjustments to Strategy

  1. Enhanced Liquidity Level Mapping:

    • Systematically mark liquidity levels across all relevant timeframes.
    • Identify and prioritize those with multi-timeframe overlap for higher confidence.
  2. Refined Entry Criteria:

    • Incorporate the concept of "first opposing trend shift" on the lowest timeframe correlated with a higher timeframe liquidity level.
    • Use this as a trigger point for entries or reversals.
  3. Macro Considerations:

    • Incorporate awareness of significant economic events into your premarket checklist.
    • Adjust expectations and risk for days with macroeconomic catalysts.
  4. Journaling Focus:

    • Track instances where liquidity levels align across multiple timeframes and the subsequent price action.
    • Record specific trend variations and their timeframes to build a database for future reference.

Next Steps

  • Develop a framework for identifying and trading liquidity levels with multi-timeframe correlation.
  • Test your hypothesis about the lowest timeframe trend shift signaling range formation in historical data.
  • Incorporate these observations into your trading playbook, refining your entry and exit criteria accordingly.

By focusing on these takeaways, you can enhance your understanding of timeframe correlation, refine your strategy, and improve decision-making in future trading sessions.

 

 

 

 

Todays trade attempt, was a short at the 12 hour buy side liquidity level, it was the first presented 5 minute market structure shift and bearish fair value gap entry, along with a 1t5 minute trend variation attempt, that trade failed as the market continued to squeeze higher.

Something I really wanted to note with this journaling session, is that I may be starting to notice some correlation with trend shifts and variations. associated with the specific timeframe in which the range is trading.

So essentially, I mark the highs and the lows for buy side liquidity, based off of rapid price movements, usually creating orderblocks after completed variations, and based on that specific timeframe in which it was created.

With that being said, ive noticed sometimes that specific buy side or sell side liquidity levels, will have multiple timeframe correlation. For example, one of them can have 2h/1h/30m timeframe correlation for a specific liquidity level, but after todays loss and now analyzing the trend shift, it took place on the 30 minute chart bullish to bearish variation, while squeezing into new all time highs. And it was squeezing into new all time highs, from the 8:30 data that was released, but if you go to the 15 minute chart, theres another relative equal low 15 minute sell side liquidity level, resting right above the 30 minute sell side liquidity level. 

So what this is telling me, in todays session, is that the lowest timeframe for a protected low or high, that has multiple timeframe correlation, suggests that a range can be built off of in the opposite direction, depending on the first lowest timeframe to change direction thats in the opposing direction of that solid low or high that was created. 

I think potentially approaching the markets with this in mind in the future, will help more with understanding the true range and timeframe correlation being formed when trading, and likely signal when the highest probability turn or reversal entry will be presented. 

Transactions

Date Side Amount Price Commission Reg Fee
Dec. 11, 2024 17:47:49 Entry 0.0 0.0 None None

KTTA 24.02

Portfolio(s): Day Trading Momo,
Last entry Aug. 11, 2022, 8:05 a.m.

GOLD -0.15

Portfolio(s): none
Last entry Sept. 20, 2024, 4:15 p.m.

SNTG -108.94

Portfolio(s): Toby,
Last entry May 1, 2023, 11:50 a.m.



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