Thanks Smash! Great narrative I went back to review your weekly letter it was laid out that the possibility of breakdown and dint expect it to be this devastating
Learning experience to pay attention and look for a great set
Missed a great move downside
Really appreciate your comments and sharing knowledge
Making it tricky to find good shorting opportunities. Trading at the lower end of the balance wasn’t ideal for shorting, and the balance breakdown wasn’t my preferred setup, as we essentially traded at the upper end of the balance within the same session. I guess not initiating longs was the best trade.
After the opening I was witnessing multiple attempts to hold yet market was pure bloodletting, in the PM session there were surely several fights around 70s until 14:00 with a decisive break. If taking quick trades timing and path will always be difficult!
It's always a tricky situation when we see a significant move in a short period of time. Overall, I believe buyers won't be completely out of the woods until there's acceptance below the gap at 5487.
Talking about applying balance rule, wild ride!
Thanks Smash! Great narrative I went back to review your weekly letter it was laid out that the possibility of breakdown and dint expect it to be this devastating
Learning experience to pay attention and look for a great set
Missed a great move downside
Really appreciate your comments and sharing knowledge
A session with no meaningful bounce!
Making it tricky to find good shorting opportunities. Trading at the lower end of the balance wasn’t ideal for shorting, and the balance breakdown wasn’t my preferred setup, as we essentially traded at the upper end of the balance within the same session. I guess not initiating longs was the best trade.
After the opening I was witnessing multiple attempts to hold yet market was pure bloodletting, in the PM session there were surely several fights around 70s until 14:00 with a decisive break. If taking quick trades timing and path will always be difficult!
Thanks Smash! Can sellers break 5530 is the question!
It's always a tricky situation when we see a significant move in a short period of time. Overall, I believe buyers won't be completely out of the woods until there's acceptance below the gap at 5487.
I agree. A gap fill reversal and return within the daily balance would be juicy!