13 Jan 01132021 Gold Nugget
#fintwit #orderflow #daytrading
For a late-sustained auction entry direct into a supply or demand zone: I need faster paced price action testing TPO structure low (after a sustained auction) before closing as a Base. Due to a higher time frame supply this was not feasible today and the reversal was ‘confirmed’ through a weak failed auction.
Edit: Later on the initial thesis of a value rejection up and continuation was proven by a test of IB edge high (M15 Bull Engulf) and consequent move higher.
Bonus lesson: Our job is to sit here and find alignment with the market. When an opportunity arises that fits our risk profile (based on a statistically proven setup) we execute a trade. Nothing more. Nothing less.
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