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Condition
breaking out of 4 week balance area
we open with gap up on 100% long overnight inventory
Thoughts
The market is of course very bullish as long as we hold the breakout
On a shorter tf inventory is already very long
I do not buy large gaps early
If you want to buy, buy breaks
watch signposts
Condition
Succesful breakout of 4w balance
Yesterday it seemed that is has become a bit too long resulting in a poor high and some backing away
I trade from the standpoint that we transition to Balance/Consolidation
Thoughts/what to stay away from
trade according to condition
wait for signs of inflection points
go for smaller trades
Man, is this grindy, costing me nerves to get a few points
I finish the day to go into the weekend with a "success"
Good management here in the way that i stood this grind and did not press market exit to get psychological release
It looked bullish after failing on the short side
But not much volume and participation
We are not getting into friday range, perhaps it rolls over, i dont know...
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What to stay away /thoughts
stay away from shorts
target is the high of the balance area
we open clearly higher compared to y value, expect some shake onl or y ibh could be good areas
