Look for bulls to secure and hold above 16060 for a potential trend continuation into 16110 and higher. Maybe another opening drive with some momentum.
Look for a breakdown at 15940 for bears to really take control and pull this rug back down as there’s a lot of liquidity hanging out below 800s.
We are still trading within the same auction so articles 001-010 can still offer same pivots and key market auction points. review previous plans on how to manage your position once you open one.
It’s holiday week so your best bet is to SIZE DOWN and be more patient than you normally would.
been around set for a while so i understand his lingo/general concepts so im just helping out some of the folks interested in learning a bit more orderflow
so the market is pretty much an auction. whenever one side goes out of balance and then begins to trade in a separate balance we are now in another auction. but when one auction fails and prices are no longer deemed fair we often return to the other end of balance. since cpi made us gap up 200 points there’s a lot of stops that haven’t been collected, or prices that weren’t able to be traded due to such a fast move up. Statistically we can assume that we should see a sharp and fast move into that auction area until we find a buyer who deems price is fair
Per your X post, I'd love a recap of your 11/15 NQ 16110 top call. How did you come up with this level, was it a measured move target (megaphone, fib ext, etc...), a low volume node from 2022, previous point of interest in the 2022 sell off?
New to this (subscribed only this morning) and wondering about this line: "As always. I’ll update key intraday ideas as they come. Else, see you in the recaps!"
Where, exactly, will I find your intraday ideas as they come? Here? Twitter? Elsewhere?
usually he will write a note in the notes section. sometimes he tweets. and other times it’s a notification in the trade at ease discord. he’s very active in this substack though
This plan executed flawlessly for me. In the morning, I sold at 16,006 and bought back at 15,950. During lunchtime, I bought at 15,939 and sold at 15,980. In the afternoon, I sold at 15,975 and covered at 15,945.
For those who need additional interpretation:
Look for bulls to secure and hold above 16060 for a potential trend continuation into 16110 and higher. Maybe another opening drive with some momentum.
Look for a breakdown at 15940 for bears to really take control and pull this rug back down as there’s a lot of liquidity hanging out below 800s.
We are still trading within the same auction so articles 001-010 can still offer same pivots and key market auction points. review previous plans on how to manage your position once you open one.
It’s holiday week so your best bet is to SIZE DOWN and be more patient than you normally would.
Thank you, Cave.
🫡
Thanks Cave, just saw this post, much appreciated. Curious, are you acting as a moderator for Set?
been around set for a while so i understand his lingo/general concepts so im just helping out some of the folks interested in learning a bit more orderflow
🫡 very appreciated! If I may ask.. how do you tell that there is a lot of liquidity below 800s?
so the market is pretty much an auction. whenever one side goes out of balance and then begins to trade in a separate balance we are now in another auction. but when one auction fails and prices are no longer deemed fair we often return to the other end of balance. since cpi made us gap up 200 points there’s a lot of stops that haven’t been collected, or prices that weren’t able to be traded due to such a fast move up. Statistically we can assume that we should see a sharp and fast move into that auction area until we find a buyer who deems price is fair
That makes a lot of sense! Thanks for explainin this! 📝😄
no problem!
caught the short and i got some longs in for 20 points down into out 930ish pivot
I did the same, very short size though (1MNQ)
Set love your analysis. Do you post for ES as well?
I will if the feed continues to show interest in ES analysis.
I find the tape boring, but probably more accessible for friends.
Include me on appreciating ES levels.
Thank you
That's extremely generous of you, Cave. May the God of Karma repay you many times over.
Per your X post, I'd love a recap of your 11/15 NQ 16110 top call. How did you come up with this level, was it a measured move target (megaphone, fib ext, etc...), a low volume node from 2022, previous point of interest in the 2022 sell off?
your commentary and analysis makes me feel like I unlocked my third eye trading... another "easy" session. thank you set
Thoughts on NVDA earnings today?
I regret not finding you on X sooner
these levels are insane, currently at 15940 on the dot...
Thx for plan!
1st buy at 950 ish then sell dog
Thank you!
test check or chill
New to this (subscribed only this morning) and wondering about this line: "As always. I’ll update key intraday ideas as they come. Else, see you in the recaps!"
Where, exactly, will I find your intraday ideas as they come? Here? Twitter? Elsewhere?
If it's important ( like 16110 ) I will publish a Paid Plan so the alert is heard.
If it's something to study , I will simply publish a note.
The back-up : Have notifications on for my twitter and my substack, you won't miss a thing.
There's the answer to the question I was going to ask on twitter.. lol thank you.
usually he will write a note in the notes section. sometimes he tweets. and other times it’s a notification in the trade at ease discord. he’s very active in this substack though
here in substack under notes
Sounds good. Thank you.
This plan executed flawlessly for me. In the morning, I sold at 16,006 and bought back at 15,950. During lunchtime, I bought at 15,939 and sold at 15,980. In the afternoon, I sold at 15,975 and covered at 15,945.
What a fantastic day it was. Thanks, set!