[Soultrader]

Heres an interesting chart for today from the KOSPI 2000 index futures.

No real setup until the IB developed. Value was shifting higher and Nikkei had held within previous sessions value area with support at VAL. Sudden rush of buying on tape hinted of possible IB extension to the upside, hence long @ market.

First Chart shows Nikkei price action:



Second chart shows KOSPI setup with tape and mp concepts:



Third chart shows initial target level. Looking to exit at IB breakout. Not looking for a trend upwards so exiting as price leaves IB.

[Soultrader]

Exit 1 chart. Second exit was stopped out at b/e.



Possible reversal setup as price fails to breakout of IB creating a double top, price & volume divergence. Probably should of just scalped this trade as it was based off tape.

[Soultrader]

[Soultrader]

Oh well... always the next setup.

[Nick1984]

We;ve all been there James lol. Frustrating as hell to see yourself stopped out then the market reverse and go in your original direction! You can only call them as you see them hehe.

[Sharp2Be]

Originally Posted by Soultrader »

Exit 1 chart. Second exit was stopped out at b/e.



Possible reversal setup as price fails to breakout of IB creating a double top, price & volume divergence. Probably should of just scalped this trade as it was based off tape.

Soultrader - what's this platform you are using? Thanks.

[Soultrader]

Originally Posted by Sharp2Be »

Soultrader - what's this platform you are using? Thanks.

The platform is CQG. Pricey but good.

[RobinHood]

James, I really like the way you've setup your charts! CQG looks like a very nice platform too.


You point out an area on the tape where some significant size entered, 300 lots, 100 and 30s. But each of these was on successively lower prices. 85-80-75. I'm guessing these were at the ask in the shakeout type area where you wrote "big lots appear on buy side" and under those orange diamonds.

What are the diamonds btw? also what determines whether your vol bars are blue or red (I don't see any correlation to the close relative to previous bar etc) ?

Thanks for sharing!