freeskifreak

@PatternProfits started tracking below over the past few weeks. p/l flat. often i had the right bias, but execution was bad. excactly like the day today... for me it becomes more and more obvious that the setup/bias matters a lot less than perfect risk management and sizing.

@PatternProfits hey Ben, difficult trading day. the „how“ it gets there is often the tricky part…

I had it all mapped out. Strong probabilities for upside in my favor. 💪 Had all my levels marked. Saw price run & tag those levels. 🎯 Yet, I'll close the day red. 🔴 This 💩 happens... that's trading! Head up. We get back on the horse & ride again next week! 🐎 HAGW all!

@DailyEdgeFx @Peregrinefx1 used to trade otc..spreads can go very wide. ccy futures offer rather steady spreads, but 0.5 pips „minimum“ spread is already too much when scalping for 10 pips..in/out total 1pip spread, plus eventual slippage, plus commission…

@Peregrinefx1 Indices are the best

Is it only me that hate commission on currency pairs so much that lead to stop trading them? Am not going to be trading Currencies oooo the commissions to much to be real, you can forget for once and it lead to not passing an account by just $5 or less.

@PatternProfits just found that link...its 10pm over here...but think i will now be forced to dive into it... tradingstats.net

@IBconfluenced Yes. We saw some of that late last week.

Every so often, I think it's a good reminder to point out that $ES minds the lines & has far less fakeouts & shakeouts vs $NQ. To this day, I often use $ES to help guide my $NQ trades. I also recommend new futures traders learn to trade $ES before $NQ. tradingview.com/x/xL9eZhwT/

@PatternProfits just not worth going for them in terms of RR...tricky to get into the trade those days. lot of chop. and i think sector rotations distorting things as well

$ES $NQ IB closes in the lower half with the highs printing 1st. 🔴 IB lows the low hanging fruit.

@DailyEdgeFx hello, can I ask you something. when you have a clean "normal" distribution, VAH and VAL matter for sure. when you have a messy distribution, do you still look at VAH, VAL? thanks in advance. just spotted your content recently. very valuable

Study.

@DailyEdgeFx was fading EURUSD here. squared since sticky up here. and biased bearish DAX. but some aggressive selling happening here. hence a squeeze first could not be excluded

What are you trading today?

@PatternProfits @dom1984 midnight open retrace done as well in ES

@dom1984 @IBconfluenced I was looking for news but don't see anything. Wild! Can use that low to manage risk though until the 1st FVG prints. 👀

$ES $NQ MO, London highs unmitigated above. 👀

@PatternProfits does the breadth work that short term? or do you look at it rather as background colour? for me rather big pic confluence

@IBconfluenced NYSE breadth trying to go red to green. $VIX gap up but fading since. For every - there's a +. Typical for a Monday morning.

@PatternProfits ES opening below pRTH low which suggests leaning against pRTH high...very very mixed..

@PatternProfits good morning Sir, ALN suggested London Low more likely...headlines messed it up. very mixed signals across the board. apart from YM which looks rather tilted to the downside...

@PatternProfits i am careful chasing to chase the downside, since we close above the previous day RTH...please correct me if I am wrong here

Pay the trader. $NQ takes London low. 🎯 $ES still has plenty of work to do.

@PatternProfits when you think you know it all..Ben will add another part to the puzzle…thanks very much Ben!

@IBconfluenced 56% on $NQ and 64% on $ES. Big difference, so it's never a target for me. I tend to draw the line around 70%.

$ES $NQ 50% gap fills are so high probability that price showing no interest in getting there off the open can often be a sign of underlying strength/weakness.

@PatternProfits happens often though…doesnt it?

@IBconfluenced Full gap fill = never

@PatternProfits my confluence: huge gamma level 7170 up to 7180….only noticed afterwards..hence missed it

@PatternProfits when do you decide to go for the full gap fill? and when rather for the 50%? and when do you decide if the gap fill or 50% fill is called off? you see the issue….

@PatternProfits real session opposite LOL

@PatternProfits tricky with those headlines. this Europe AM looked like NQ to YM rotation. not any more

$NQ $ES Eyes on those 50% gap fills which are always high probability on a gap down... along with $NQ 15min ORB, as usual. Confluence there. 👀

@PatternProfits great article re gamma. if you havent come across yet. x.com/MenthorQpro/st…

@PatternProfits yes it does. thanks very much for your time, Ben. really appreciate. If I can help...then with cumulative delta if you care...in included it into my trading. divergence and absorption concept. let me know if intererested.

$NQ 0dte Zone Map for Wednesday, 4/22. tradingview.com/x/vHpAc6u3/