I’m the guy that everyone declines until I’m hot to them and they’re not and then they all come back to me thinking I’m interested in a connection but I’m not… 🍌
#tradeoftheday
Tradovate tick chart in dark mode, for MNQ Futures current contract. This chart is a tick chart each x axis segment is 10K ticks (trades). Volume is shown at the bottom, volume profile is on the right side. Price is shown as a line plot. Trades entry/exits are shown as blue (long) orange (short) triangles. The chart shows 6 trades taken this morning for about 100 points in profit. 4 of the trades were breakeven. The last trade could have been profitable but I moved my stop up too quickly and had other things to do in the afternoon. I trade the path of least resistance and think of the market as waves of orders, my goal as a trader is to reduce noise and trade the market as it is.
06/04/2025 trades for NY AM session.
Econ news scheduled this morning at different times. Expected range bound AM activity.
Follow the path of least resistance.
Ride the wave 🌊.
Reduce noise & distractions.
4 B/E, 1 Short and 1 Long profit for about 75 points
#Econsky
#Tradeoftheday
#Futures
#MNQ
Chart of MNQ showing long trade to the high of the day and short trade to near the open. I exited a little early, something I'm still working on.
Nice trading today, but the 20yr bond auction was not good for the market, 5.1% bit of a jump.
Demand vanished, supply showed up.
Trade 1: Long to the high, exit.
Trade 2: Short at the high, exit a little early something I'm still working on.
Hope everyone in the market did well.
#tradeoftheday
This week's #TradeOfTheDay: One of our #futures traders turned a $300 risk into $3,618.00 profit using a consolidation breakout strategy and tight stop -- an amazing 12.06 R:R ratio!
Got a better trade this week? Share it with us!
#TraderPier #DayTrading #TradeReplay #TradingJournal