I wanted to ask how to validate how good an idea it is to short right at 7629, since the short positions haven't worked very well. There wasn't anything on the FP to confirm the entry, except for an Exhaustion pattern at the end of the range.
Thanks! Shorting is naturally the more difficult trade from an execution standpoint given the underlying trend. However, there was notable order flow activity at 7629.75, where an aggressive buyer was absorbed by a passive seller. The idea was to lean against that trapped buyer once price moved back below 7629.
Thanks Smash! Sticking to executions around your levels has significantly improved my consistency.
Great work
Great levels
Thank you for sharing
Thanks Smash!
Thanks for this great newsletter!
I wanted to ask how to validate how good an idea it is to short right at 7629, since the short positions haven't worked very well. There wasn't anything on the FP to confirm the entry, except for an Exhaustion pattern at the end of the range.
Thanks! Shorting is naturally the more difficult trade from an execution standpoint given the underlying trend. However, there was notable order flow activity at 7629.75, where an aggressive buyer was absorbed by a passive seller. The idea was to lean against that trapped buyer once price moved back below 7629.
Thank you for guiding me, now I see that indeed the previous bar executed many aggressive orders without any reward.
In today session a minor pullback nearly to the smashlevel at 10:40am and bounced from there to DT1 would you say that was a valid entry?