How to harvest edge by solving problems (Live trade example)
Adam Fiske
With 19 years of industry-trained professional trading experience, I lead an action and feedback-powered trading consultancy—ending the 'Win Some Lose More' cycle to succeed where few traders ever do.
From the game plan
3rd failed attempt to move above 0.6992 "short" inventory (which was profit taking by professionals pre rate announcement)
A bit too obvious:
look for another move up
to catch out those convinced the two failures are a sound reason
to get short
(a bunch of traders think 0.6992 is shorts entering
when in fact it's longs taking profits)
Plus:
CME 1st deviation theme broken
So in the minds of traders, where is the market likely to move next?
Answer:
CME VWAP from the prior day
so,
look to front run the level
catching out the short traders holding into prior day CME closing VWAP
And:
you see how playing the long side continued to unfold
(including a short scalp along the way)
the above degree of difficulty
is the starting point for mentoring a trader
Over a 12-month curriculum
finding trades with edge matures and grows
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