I am going through a TST combine trading ZN using the market profile. I have had some success but still finding some gaps in my trading. This journal will help keep me accountable for my setups, the trades I execute, and post trade analysis. I will attempt to update as constantly as possible during the day with what I am seeing. I use a market profile for the RTH and a 30min ETH to look at levels. I trade off of price action and a 500 tick chart to execute
Morning prep
Bulls were in control all day yesterday. 15min to the open and it is looking like we will be opening around/above the VA high of yesterday's session. On FOMC a b formation was made with the VPOC at 126-21. I would like to see a test of 21-18. Single prints from yesterdays trade reach down to 11. Sellers seem to be stepping in just before the 127 handle but really come out 127-03 to 127-05+
Two plays I am looking at this morning:
A: Watch the bulls take a run at R1 (127-02) and fail, where I would take a short looking for the lower end of yesterdays VA (26+-19+)
B: Bears take a peak at the lower end of yesterdays VA and the bulls step in and test 127