Intersession Gap filled, ADR hit Intraweek trade is over for me{image} {image} Trading longer TFs - less effect of algos, I prefer NYSE sessions candle bars as indicator of daily PA to daily 24Hrs Candle bars Never chase the market next time intersession gaps happen - a good opportunities arise, but one needs to be patient No leverage charges on trading quarterly futures, shorting provides a very small advantage of delta, on the top of good profits
{image} on daily a possibility of 1 to 1 symmetrical move, taking purely TA, personally I think it might not go so Low, but who knows? of course there is also a possible scenario that the bigger move down is the 1st of 5th, and the move up is the 2 corrective, IF SO - there will be a much deeper move down {image}
{quote} The utility of gaps {image} Waiting for H4 to come into play The upper gap has been like a magnet, it is looking good to short Dow from that gap as it acts as R/S
{quote} Very decisive and indecisive moves of a confused market IMHO If it were not for the gaps, it would be even more difficult The choice to stay away or trade towards and away from the gaps, but not within them The current market conditions demands fast thinking, fast action, in and out, grab what is there, no dilly dally, when on the wrong side - get out fast too. NO OVERTRADING - if not focussed and relaxed - do not trade. It might lead to slow bleeding or a fast gushes of capital, nobody can say there is no choice!!!
It has been a very insightful experience to watch a live reaction to tariffs announcement and US indices behaviour, clearly a stops hunt and a good PB, a healthy PB. Wall Street is what it is, at times especially on short TFs it has more in common with Las Vegas that with any other thing. The current PB is making good space for the eventual move up. A degree of reality is to be welcomed. {image} {image}
{quote} Rotation in an volatile market condition{image} Strong hands are essential, even when on the right side of the PA. No easy trading, it never is easy, but at times is more testing, big opportunities = big risks {image} Chart above with updated Fibs
{quote} {image} what a day
{quote} {image} DOW opened with gaps, both gaps were filled Once the gap to the last session close has been filled PA moved freely up above that close These moves have been in agreement with M5, M15 M30, and for careful observers H4 and daily gave some good insights too {image} {image}
"Reverse thumb" pattern repeated - VSA basic principles in play too in correlation to gaps, missed D pivots and Stochastics on different TFs (elasticity and MTFs) {image} {image}
{quote} Gap to the last session closed good 200+points, still adding
