16 Comments
User's avatar
Giamsterdam's avatar

Hi Smash! How are you adapting to these market conditions. The DOM/Footprint on ES are almost unreadable. price moving on thin air.

Smashelito's avatar

I usually just scale down and widen stops, or more often step back entirely. Some traders actually thrive in these conditions, but for me it’s the opposite. I prefer a more orderly, less emotional tape where order flow is much more reliable.

In this type of environment, with large swings in both directions, trade location is absolutely key. If it doesn’t line up cleanly, I simply don’t trade.

Giamsterdam's avatar

Same, I struggle with the price action. I find I cant read the flow anymore. Ive moved from range charts to 16-1 PNF Charts and it cuts out some of the noise but even there I think im better off just making decision based on the market profile and the charts

j55x5's avatar

Thanks for this great newsletter, have a great session.

It's quite interesting how quickly the monthly extreme low has been reached.

Frank's avatar

Thanks for sharing your work

Here we are in the pre market trading at 7335 100 points off the low your level at another level

Much clarity and confidence

Frank's avatar

Great levels 7232 traded over night

(Asia open )

Roh's avatar

Thanks Smash!!

Curt's avatar

As always thank you

Vicente's avatar

Thanks Smash!

Frank's avatar

Great work

Thanks for sharing

Frankytrade's avatar

Thanks Smash!