EUROPEAN OPENING

Morning hard for trading in DAX.

We had a starting of the session on the bullish side but with no chance of entry according to my trading plan.

Very tight rise and with high volume levels in each candle; which makes it very dangerous to enter.

We have always to enter when there are differences in pressure; when there is high volume and constant we must be cautious.

In addition to the volume high and constant, the price was testing a large volume of the previous day; volume that will cost the price much effort to overcome. 

So that could not overcome the previous volume and price went down.

Volume indicates the path of the price; knowing to read the market you have to know what side to position yourself and when doing it with greater chances of success; and today was not the day.

Thank you for reading and good trading. 

WE ARE IN THE ZONE

As indicated in the title of the post, we are in the zone.

Price, right now, in is a very important area, the minimum marked in August.

Was rejected in that area with many purchases that made it rise then; a month later, in September, was again rejected at that price, this time with less pressure supply (less volume was necessary to stop the price falls and did that the price went upward).

But the price went up the next few days with low volume (low pressure buyer); happening then the logical and is that more sooner than later the price was falling again.

Now we are back in this area which has already been rejected twice at a time it seems that selling pressure is very strong; the next few days will be the moment of truth, here decides everything.

We have two possibilities:

a)from here the next few days will begin a bullish rebound, who knows if looking for the 10700,

b)or break, at the third attempt, these minimums, that would mean losing a support rather than important and the consequent fall in prices much lower than today are.

Next days will be decisive for equities, these last two days have left many professional volume; time will tell us if it was enough to stop the price and make the stock market rise or on contrary the selling pressure is so strong that it is impossible to stop the bleeding.

Thank you for reading and good trading.

EUROPEAN OPENING

There has been no opportunity for input in the time that I've been in front of screens.

The session started with a big bearish gap that has been stopped with much intention with over 1000 contracts in the first two minutes of session.

If I had been at that time in front of screens, there was a pretty good entry opportunity at 08:04, the price was testing below the large volume of 08:01 without hardly volume; this difference in pressure usually opt for the side is pressing more; obviously closing upon arrival to minimum and not break them; had about 30 pips, that would have been great to get them.

Thereafter, the price stays at a very lateral range, without any intention of any side of the market; so "hands up".We always operate at time of great intention.

Nothing more to add for today, thank you for reading and good trading. 

AMERICAN OPENING

The American opening has been synonymous of volatility for DAX.

The session started on the bearish side but when the price reached important support of the European session, the prince bounced.

From that moment the price made a bullish rally, but according to what I need, there was no chance for entry. The price has gone up very overlapping and without testing previous areas exceeded.

16:43, It would have been good area to enter long but I was expecting the price below, specifically in 9804, testing the large volume of 16:25; It didn't...so "hands up".

Sometimes, when we see that the price escapes us and it seems not giving us entry,  can cause us anxiety to enter and end up doing it in a horrible place. Be carefully with this stuff, many accounts have flown by this (I know what I am talking about).

Just for today, thank you for reading and good trading.

PREMARKET TRADING

Today, in European preopening, we have read the market and we have acted.

Price starts with a bullish gap of almost 80 points (what means demand pressure).

The volume of 08:01 creates an important area where the price presumably rebound.

When at 08:30 price returns to that zone; I stand on the side is pressing more (buying), closing the trade when it arrives at daily maximum; getting 9,5 points in the future of Dax that they are added to those that already had.

This is a constant struggle and patient where when you do the right things you can do wonderful stuff.

Every day is 1, which done today can not work it tomorrow, so we have to be always ready for anything; especially in this dangerous world.

Thank you for reading and good trading.

DAILY TRADING


Today, we are living a bearish trend day.

But at the moment, there has not been any "clear" chance for my strategy.

It has been a vertical drop without clear opportunities.

According to my mode of operation, I am looking for price breaking a zone, then I wait to the back of the price to the broken zone; and this has not happened in this american session of today.

For me, the best moment in this session for click the button would have been at 16:03, later of show up the big volume of sails without overcoming the previous volume; but as you can see you had to be very fast to get sell in a good price. It wasn't an easy trade.

I waited for the price in 10046 (big volume of 15:31); but it never rose to that level after being broken; big volumes are perfects for protect your stop. Never forget big volumes are walls for the price and 15:31 was the best assurance for my capital.

That's a pity, but understanding the market I have been cautious and I think that is the secret for successs in trading; only operate following your trading plan.

Thank you for reading and good trading.

GRATEFULNESS @TRADINGPRATODOS

With this post I want to be thankful with my masters.

My masters are the great spanish traders @tradercillo and @ruralbroker on Twitter.

They teach, every day,  all what they know, in a trading room in spanish called @tradingpratodos.

I think it is fair to recognize these two masters and all what they are doing for spanish traders, all what they have given to me.

ETERNALLY GRATEFUL TEACHERS.

TODAY ANALYSIS

European opening has finished for me with 0 trades.

Today, professionals are not in the game. We can see them with the volumes; for my opinion bars of volume from 600 contracts are the interesting ones for us; because they show us WHERE is positioning the professional.

Besides the absence of the professionals, price has not broken any zone. We have a bullish trend but with no intention (we need big volumes and violent price movements; just like the examples I posted previously).

This, for my trading plan, means "hands up", no trading zone.

We only trade days of clearly trend (bearish or bullish, it doesn't matter) and we operate the stronger side; if the context and the volumes are favorable to us.

As you can see, volumes in 1m timeframe with 500 contracts or less, are not the best scenario to put your money at risk.

We remember our monthly target of 100 points to live of this activity.

Current points January: 31,50 points.

Thank you for reading and good trading.

TRADING

Today, like the most days in the calendar, I have done 0 trades.

I only trade when I see ALL the situation favorable to me, for to get the success you have to be strict in your trading (and even making it in this way, you never be saved of the losing trades).

The target, month to month, is getting 100 points (if it's possible, of course); you don't need to rush.

Until now, this month I got 31,50 points in 2 trades. You have to think that every point in FDAX are 25$, that's for it you have to be very strict in this.

My two trades in this January at the moment are these:

Thank you for reading and good trading.

                                                                 Today analysis.

European opening begins with a bearish gap of about 100 points.

08:01 : Appears a lot of volum (buyout) making the price rise.

Demand has pushed more than the supply throughout the session, but we didn't have  any "clear" moment to put our money at risk.

When the price checked out a previous zone the context was not favorable; and when the context was good for us, the price didn't check out a previous zone with a dry up of the volume.

Our target in the month are 100 points. We should not have anxiety and only play the game when ALL the conditions are favorable to us.

There are days of trend, just like today, that the price rises up a lot of points and you don't get anyone (in fact these days are most), because it's preferable to enter when all variables are met (and  even making things well there are trades that finish with losses-this is trading my friends).

Thank you for reading and good trading.

Example 

This is what I am looking for each time I sit in front of my laptop.

We wait until appear big volum (which means professional is in the game) and then you have to see what side of the market is pressing more.

And when price back to the previous volum with a pressure difference (the volum "dries up") then we activate, not before.

But only with this explanation it looks very easy; and of course this is NOT very easy; on the contrary, it's very hard.

You have also to see a lot of things as the context, that the price break a zone with intention and clarity, looking greater timeframes as 5m, 15m or so on to check out if it is not an important zone of another day which are walls for price, and a lot of more things that you have to analyze in live with no time for mistakes.

It is a very hard work, but if you like it with a lot of practice and many tears too it is possible to be in the game.

Thank you for reading and good trading.

My name is Julio Vazquez and I am a trader.

This new blog I am starting today, pretends to be my "diary of trading".

I make this blog for two reasons:
a) improve my english (I am spanish and for me writing in English is very difficult).
b) improve my trading (sharing my trades and my own explanations, forces me to improve my work);
and the idea of sharing my progress with the global community  makes me proud.

I use the ninjatrader platform and my products for trading are: CL, 6E, YM...but especially my lovely FDAX.

Trading strategy

I don't have my chart  full of useless indicators; the only indicator I need for my trading is the Volum bar in the 1 minute timeframe chart.

I look what side of the market press more (supply or demand); and I position myself according to trend.

Price moves between zones and the success is trying to understand these moves and apply to our trading.