Wyckoff volume benchmarking / market profile bt analysis board

[jxyzobrien]

stan harley and tim ord
see bottom soon
min 27

[jxyzobrien]

dalton
as we know short term emotional traders move it all over
until news resolves more of the same

[uplata]

tsla ta analysis

[uplata]

Nvda stock ta analysis

[Beerworld]

Rant on, I agree

[jxyzobrien]

news today
is just bad all over
short term traders are reacting to it

when they take social security payments away ( that were earned not an entitlement)
then maybe americans will wake up

trump is a man who only wants revenge on enemies he makes up
jan 6 did not wake people up

sorry no more rants

[Beerworld]

Report if trump elected he will deliberately devalue dollar

[jxyzobrien]

theme today
is bad news. possible war stuff, tariff news
just bad news all over

[Twilson]

Off work and have things to do so will not be around much NQ about to go red

[jxyzobrien]

burning thru sellers
is taking time for sure
day 2 of tight balancing

[Twilson]

He is good futures are bright green another bond auction at 1pm

[jxyzobrien]

expiration selling mostly over
shorts about to be punished
war was just excuse for liquidation break
https://schrts.co/AEdHfBdc

[jxyzobrien]

tim ord tuesday
tim is a genius, up expiration week WOW

[jxyzobrien]

uses rsi 30 70
just have to find if using 1 5 15 30
timeframes

so 1 min rsi 70 twice
then returned to vwap, fork median line
and at 1 min rsi 30

[Twilson]

Looks like every time RSI goes above 70 it does come back down pretty soon.

[jxyzobrien]

gold market profile
gold day 2 of balancing

so poor low 10sm
then poor high 1pm

gold then pulled back to vpoc
another poor low 1630

[Twilson]

I have never traded gold much but it does seem to have more predictable moves maybe a little safer trade. Spy was killing me today but did ok with gold

[jxyzobrien]

gold oil trend better then es nq

so put a fork in it for direction
and use fork rules

so gold triple top today
failure to reach fork top
return to median line and vwap

the daily will eventually retest the high volume high
https://schrts.co/eTKUwWdz

[Twilson]

Looks over sold

[jxyzobrien]

spy top of gap

bulls not done
https://schrts.co/tJrtfNjT

[jxyzobrien]

joke

[Twilson]

Seen something about no rate cut until at least sept

[Twilson]

Figured he would be good for a pump or dump....lol

[jxyzobrien]

powell speaking
top step says be flat

Powell not till 2pm

[Twilson]

Closed my GLD calls

[jxyzobrien]

trading good
feeling good too
let me know when you are trading

[jxyzobrien]

market
do you nave the gld call chart on your screen
oops ok calls

are you trading gld calls
gold has already run and is often opposite

its still a 4 wave fib ,38 to ,5 is destination

[Twilson]

Is he talking gold zooming up or the market?

[jxyzobrien]

gold
gold futures 12k
mini's a lot less
dakota market makers thinking crush range bound shorts and zoom up

[Twilson]

Still have 3 GLD calls but seems to be trading flat right now. I suppose market is waiting on Powell

[jxyzobrien]

its a wave 4 fed day
4 keys
1- what to look at gold now
2- where to get in
3 where to get out if wrong
4 where to get out if rite

[Twilson]

Bulls waking up or just a trap?

[jxyzobrien]

gold oil
please remind me gold first then es nq etc last

now moving up nicely

made 100 on gold see profit take profit

[jxyzobrien]

war rumors
no more war news a fakeout maybe

turned it down
es at pre lows
nq can not get there

[Twilson]

still in puts right now

[jxyzobrien]

thats the chalk
war news dow -89 pct, nq -61 pct


israel ready to attack now OOO

see money take money I TOOOK IT
more longs then shorts BUT

as deeanna would say this is a bunny boiler day
looks great but then pet rabbit is missing and account is down

[Twilson]

May trade sideways until Powell speaks

[jxyzobrien]

not yet
want to go long BUT
dakota no 1 topstep trader up 6k went to breakfast

rips toptrader say i am not trading this

nq 240 up long OUT

[Twilson]

You in anything?

[jxyzobrien]

market could not make new low zoom up
everyone on topstep
wants to short I DO NOT LIKE THAT

[Twilson]

In spy puts

[jxyzobrien]

you jump in the water first
85 pct short in dow
so buyers hiding till coast is clear


so low retest looks probable
some are saying no move till powell speaks

sub wave 3-5 we aint done till lows hold
script was short pre highs but dont expect much

[jxyzobrien]

advance decline -2000 often selling climax
if advance steadily goes down sellers were just hiding and not done yet
earnings are now in the focus
phony war in the back seat but can be a tough back seat driver

[jxyzobrien]

open fading
we may test lows to take out all the sellers

strong dow
weak rty

market has used a ton of energy so it needs to rest a bit
selling climax took days. sometimes its one day, sometimes 2 sometimes 4 WOW
https://schrts.co/DuZyttFn

[jxyzobrien]

market ran out of sellers so wave 4 counter move
Powell fed speak and lots of fed speak

united health care zoomed dow futures (news leads, beware of war)
tnx up again 4,65

this up move should last most of the day or all of it
lots of later day shorts trapped will be forced to buy

[jxyzobrien]

market closing
right at the vpoc
so we are not short in the hole
value area lower
value lower

[Twilson]

Looks like it may sell hard into close

[jxyzobrien]

slow selling
very bearish
no panic at all
just match sell n buys

[Twilson]

Today's play would have been buy puts off the open and sell at 3pm not many day's like this without all the tight range chop.

[Twilson]

Not trying calls right now they are not getting mine back today