Got smoked last week on the +2.8% up-bar at the lows that was coupled w/ oil stocks dumping lower. Was literally up +$30k and gave it all back. Woof. Been flat for the last few days but starting to see potential in the market again. Ironically I'm ...

VSA Trading: Reading the Tape & Learning to Wait

Moving away from the fundamentals and back to VSA. Here's a breakdown of crude oil as it's now the tail wagging the dog that is the global economy (double entendre, don't axe me how) Weekly Chart image Daily Chart image

VSA Trading: Reading the Tape & Learning to Wait

Trump Thinks He Can Magically Control the Price of Oil Great read. Here's a quote that stood out: My read/realization here is that Trump is doing the post-modern equivalent of a Greenspan/Bernanke/Fed put by flooding the zone w/ 'positive' news over ...

VSA Trading: Reading the Tape & Learning to Wait

Oil trader putting the current issue in scope: video The next few weeks are going to be volatile AF. Definitely a good time to reduce size if you are concerned about volatility.

VSA Trading: Reading the Tape & Learning to Wait

Today's (ongoing) price action so far appears to be the nail in the coffin that cements my earlier bearishness as correct. Now that I'm resting a bit easier, I want to share one of my trades/position, warts and all. (I will use the simulator inside ...

VSA Trading: Reading the Tape & Learning to Wait

Great advice as always Anotan. I already have puts on SPY (and calls on energy-related stocks) so I am increasing risk by adding to existing positions like you suggested fwiw. My risk per trade is the same but my entry was a lot more aggressive ...

vsa with Malcolm

I wanna start w/ a disclaimer that I have at times gotten too excited about potential moves prematurely, so do your own DD and recognize this isn't financial advice. With that out of the way, IMO things are lining up to be a perfect (shit)storm. ...

vsa with Malcolm

Triple witching Friday, after the markets appear to have falsely held support, while going into a weekend, in the middle of a war. WATTBA

VSA Trading: Reading the Tape & Learning to Wait

I have calls on 2 positions for energy exposure (XOM, XLE) but I'm bearish AF and have puts on 4 positions (JNJ, MSFT, NEM and SPY). I'm not big on fundamentals typically but it does feel noteworthy when it reinforces a VSA narrative. I was ...

VSA Trading: Reading the Tape & Learning to Wait

Futures open isn't looking promising Will see how things play out

VSA Trading: Reading the Tape & Learning to Wait

On another note, TLT (potential bonds trade) has completely shit the bed over the last two weeks. It's gonna need some stopping volume or multiple days of testing before I give it ral attention and think about getting involved again.

VSA Trading: Reading the Tape & Learning to Wait

Got shaken out of my position with that huge reversal. I licked my wounds and re-entered various new shorts on Friday in SPY, JNJ and NOW. The S&P 500 particularly was the impetus that incentivized me to establish positions in the others... It was ...

VSA Trading: Reading the Tape & Learning to Wait

As bearish as I am becoming on SPY, I'm actually more bullish on TLT. I had a +7R position in it and gave back gains on the selloff yet I'm unperturbed. The down-move as of late has been one of the most obvious accumulation attempts in recent ...

VSA Trading: Reading the Tape & Learning to Wait

I had a theory that price would rally because there was clear demand in the market is price tried to sell off. Hindsight is 20/20, but I flipped the chart as the bullish story a more familiar story: Price hits supply overhead but refuses to cede ...

VSA Trading: Reading the Tape & Learning to Wait

Position details 4x Apr 655 puts 18:1 leverage when I entered the position (will increase if/when the position goes in my favor) Thoughts Futures for the S&P 500 are down ~1.7% ATM. I am not playing for a quick down move although that seems highly ...

VSA Trading: Reading the Tape & Learning to Wait

Entered a position going into Friday's close. 2x normal size as distribution feels complete and it feels like musical chairs getting a position before a potential big move lower. Definitely anxious to see where the open is in an hour (and again ...

VSA Trading: Reading the Tape & Learning to Wait

More of a quirky realization than anything but: The inverse of a hidden test is not a hidden upthrust My understanding is: Hidden test = Price extends below the last bar/recent bars and then rejects those levels Upthrust = Price extends above the ...

vsa with Malcolm

It's still early but so far, it's another day w/ strong defense of new lows. There is still demand in the market which is antithetical to lower prices in the short term: image Today could definitely still sell off, but the more price struggles to ...

VSA Trading: Reading the Tape & Learning to Wait

Stopped myself out of both trades due to the rally into the close. Might live to regret it tomorrow (which is when the jobs report is... earlier, I mistakenly thought it was today)

VSA Trading: Reading the Tape & Learning to Wait

Entered two positions: image image The 'position' tool shows my entry and stop, but disregard the rest of it. I plan on holding until there are definitive signs of accumulation present ideally. Psychologically, my hope is that I entered at a ...

VSA Trading: Reading the Tape & Learning to Wait