How do you guys play the levels? Let’s say you miss the Smashlevel or it moves past it, etc. Let’s say it’s Trading near the other targets, do you initiate there? Wait to see if it goes back to the Smashlevel?
Just trying to find ways on how to play the levels effectively without taking unnecessary trades.
There’s no single right or wrong approach to trading, as there are countless ways to execute. When buyers are in control of the auction, I generally favor long trades, while the opposite is true when sellers dominate. In balanced conditions, a level-to-level approach in both directions tends to be more effective. My execution is based entirely on order flow activity, with the levels marked on my charts serving as key reference points for assessing market strength and weakness.
For example, we're currently trading above 5860, which signals a short-term win for buyers and traps Friday's sellers in the lower distribution. I'm not particularly interested in short positions unless we return to the lower distribution. Shorts could be initiated if we see a look above and fail at 5883 or 5900, but these would be considered scalps. Long positions are appealing on pullbacks, as long as we remain within Friday's upper distribution, which currently aligns with the full session VWAP, targeting 5883 and 5900. For example, safer long entries may emerge after we first regain and hold above 5883.
The main takeaway is to avoid initiating longs at 5900 or shorts at 5785, as these would be trades at unfavorable locations.
In a perfect world, I would live-stream my footprint charts, highlighting notable order flow activity, which would serve as a useful tool for execution for subscribers. Notably, we currently have resting orders sitting at 5874-5876 that have just appeared.
I wish I could interpret or objectively read order flow through footprint and learn other related nuances. Please don’t forget me when you start teaching or live-streaming stuff, Smash! 🧠🙏🏽🚀
Amazing insight! Thank you very much, Smash! Much appreciated.
When I stay to the levels to enter and exit, the day ends much better than outside from those levels. Just need to patient or not trade that day if it does not setup.
On another note, I purchased your chartbooks the other and I’m loving them! Highly recommended! Has improved my trading immensely! Just being able to see the flow, the correlations of price points that are labeled out, love the Renko chart with the CVD info, I can go on and on! I absolutely love them and thank you for that!
How do you guys play the levels? Let’s say you miss the Smashlevel or it moves past it, etc. Let’s say it’s Trading near the other targets, do you initiate there? Wait to see if it goes back to the Smashlevel?
Just trying to find ways on how to play the levels effectively without taking unnecessary trades.
There’s no single right or wrong approach to trading, as there are countless ways to execute. When buyers are in control of the auction, I generally favor long trades, while the opposite is true when sellers dominate. In balanced conditions, a level-to-level approach in both directions tends to be more effective. My execution is based entirely on order flow activity, with the levels marked on my charts serving as key reference points for assessing market strength and weakness.
For example, we're currently trading above 5860, which signals a short-term win for buyers and traps Friday's sellers in the lower distribution. I'm not particularly interested in short positions unless we return to the lower distribution. Shorts could be initiated if we see a look above and fail at 5883 or 5900, but these would be considered scalps. Long positions are appealing on pullbacks, as long as we remain within Friday's upper distribution, which currently aligns with the full session VWAP, targeting 5883 and 5900. For example, safer long entries may emerge after we first regain and hold above 5883.
The main takeaway is to avoid initiating longs at 5900 or shorts at 5785, as these would be trades at unfavorable locations.
In a perfect world, I would live-stream my footprint charts, highlighting notable order flow activity, which would serve as a useful tool for execution for subscribers. Notably, we currently have resting orders sitting at 5874-5876 that have just appeared.
I wish I could interpret or objectively read order flow through footprint and learn other related nuances. Please don’t forget me when you start teaching or live-streaming stuff, Smash! 🧠🙏🏽🚀
Amazing insight! Thank you very much, Smash! Much appreciated.
When I stay to the levels to enter and exit, the day ends much better than outside from those levels. Just need to patient or not trade that day if it does not setup.
great insight.. Thank you..
On another note, I purchased your chartbooks the other and I’m loving them! Highly recommended! Has improved my trading immensely! Just being able to see the flow, the correlations of price points that are labeled out, love the Renko chart with the CVD info, I can go on and on! I absolutely love them and thank you for that!
Thank you so much, Smash! Interesting week🔥🔥🔥
Thanks! Let's smash this week!