Flow State #84
Welcome back everyone!
This week, I plan to start utilizing chat more for intraday setups by posting detailed analyses using volume profile, including charts and explanations of what I'm observing. While many have found success with the weekly videos, I believe the value provided does not justify the effort required to produce them. Therefore, I will focus on chat, which I find much more valuable. I have added substantial content to this newsletter and continuously refine it based on what readers find most valuable. Although the videos will return periodically when there is more to explain regarding volume profile, for now, this is unnecessary as the market has been quite straightforward. Introduction to Volume Profile Part 2 is in the works and will be a comprehensive video explaining all the setups I utilize across different timeframes. I will dedicate extra time to addressing what everyone is looking for to satisfy the majority. New and older subscribers should revisit all the flow state videos to gain insights into my thoughts on using volume profile.
Additionally, I am developing automated strategies using Python to enhance the efficiency of my trading processes. Once everything is backtested and approved by me, these strategies will be incorporated into my trading routine. For the past six years, most of my trading has been discretionary. Over time, I have developed a deep understanding of what I specifically look for on a multi-timeframe basis. Although I won't share the code due to the significant time investment it required, it will be integrated into the newsletter and chat. My goal is to maintain the current structure but make it more efficient, allowing me to spend more time teaching. Eventually, I will release an in-depth guide on developing strategies using Python, which can be applied across various trading platforms.
Regardless of your age, I encourage you to learn Python, as it is an essential tool for automating your trading process. Your initial goal in trading should be to define rules based on your strategy and adhere to them. Once refined, these rules will provide a solid foundation for what to look for each day or week, depending on your trading style. As a new trader, start learning Python now to discover the strategy that best fits your personality as soon as possible. Python is the best language for learning coding, and I highly recommend downloading VSCode to start your coding journey. In the coming weeks, I will demonstrate almost everything I have done in Python so you can follow my steps and create your path in understanding the market.
In case you missed last week's weekly newsletter, I updated the format to include weekly setups.
Here is what was posted last week, in case you missed it:
If you are new, here is what you can expect in the weekly videos:
A 20-minute to 1-hour video
Monday’s thesis on Indices, Commodities, and Equities
Indices covered: ES (S&P) and NQ (Nasdaq)
Commodities covered: CL (Oil) and GC (Gold)
Stocks covered: AAPL, AMZN, MSFT, NVDA
Depending on volatility, stocks will be added and removed on a weekly basis.
How do I determine the levels?
I use the Volume Profile on each instrument to analyze the trend, timeframe, and market structure. This approach allows me to identify significant levels that are likely to influence future price movements. By understanding the volume distribution, I can pinpoint areas of support and resistance, which are crucial for both intraday and swing trading setups.
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