Sellers maintain short-term control as the pattern of lower highs and lower lows continues. The primary objective for buyers is to end the daily one-time framing down, potentially triggering short-covering. NFP tomorrow.
So todays sequence is very interesting to review for me. I did the nerdy holding the gap sell, got out at 10:30, was surprised by the strong counter move. First squeeze for the gap fill and second for fresh daily high even formed single print. I saw the aggressive sellers below 40 and the volume taper above 40 but hesitate to short because of single print dogmatically. Later when market is ligering above 25 I got quite confused about weakness until those final flush. Feels that I was always one step behind.
Sorry Master, I saw a hidden candle (positive delta & negative candle) below the weekly extremes and made an impulsive sell. As a result, I joined the squeeze.
On the other hand, it turned out to be a very good experience.
Remember 4609 being a very important level days ago, it's reasonable to conclude that one seller is making his 100 points by buying it all back at 4509. :D
This morning albeit holding the gap, the sell is not strong compared to yesterday(Thus sellers ultimately got squeezed). Like our master said contest is king. I got luckt I get out before that 4505 liquidity.
Thank you.
So todays sequence is very interesting to review for me. I did the nerdy holding the gap sell, got out at 10:30, was surprised by the strong counter move. First squeeze for the gap fill and second for fresh daily high even formed single print. I saw the aggressive sellers below 40 and the volume taper above 40 but hesitate to short because of single print dogmatically. Later when market is ligering above 25 I got quite confused about weakness until those final flush. Feels that I was always one step behind.
Sorry Master, I saw a hidden candle (positive delta & negative candle) below the weekly extremes and made an impulsive sell. As a result, I joined the squeeze.
On the other hand, it turned out to be a very good experience.
Have a good weekend!
Remember 4609 being a very important level days ago, it's reasonable to conclude that one seller is making his 100 points by buying it all back at 4509. :D
This morning albeit holding the gap, the sell is not strong compared to yesterday(Thus sellers ultimately got squeezed). Like our master said contest is king. I got luckt I get out before that 4505 liquidity.
Thank you had a fun day today, but couldn’t recover from my loss, should’ve been a little more patient, but your levels are precise.