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I was goign to say your the S&P man were im the Crude man
I only watch CL, used to watch S&P but just was not my style
Any ways good stuff what we are doing
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Ryan:
Great call on the long today and thanks for your commentary / posts and sharing your charts. I am presently reading the Dalton books and trying to wrap my head around market profile and following this thread has been a great accelerator to this learning process.
Your long setup today around the Thursday, Friday and todays LOD is clear. Price bounced off of IB lower 1 as well as SDx2 lo of the VWAP. Price is also rejected from the lower side of Fridays excess low (acting as support) and the lower end of the Mar 5 Excess Hi (Acting as resistance).
At the time and in hindsight these are some justifications to take a long position. I am interested to understand if there was anything in the footprint or elsewhere that I missed which may have helped to justify building a long position at the point you went long.
Note I had just exited my runner from an earlier short position and I normally will allow for some consolidation before reversing my directional bias.
Same i was short and took a target off at Fridays Lows when i saw this and buyers absorbing price
I then waited to see if they were going to try and break it down further and pulled the trigger for my long just after the the 3rd last pull back to the IB 1st ext
I mean it was good risk at that point
It looked like it was going to hold that ref point and the risk reward was there to be taken advantage off
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Waited for the market to came back into RTH developing value and bought the lows and the high of ETH value
Trying to target the high of the previous bracket around $93.70 also lines up with the 1 IB ext
If we come back into ETH value and accept i will bail on my long and re calculate the situation at hand
Were right in the middle of the cluster of daily ma`s i pointed out yesterday, you can see them on my ETH vwap chart
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
I believe its more the excess areas from $93.20 to $93.46
Im playing more attention to this structure and also i would not take trade based off this analysis
Just know it might play a part...
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
