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Dear traders
Didn't get to trade today as markets are in a very tight range of indecision
Will better wait to see tomorrow if we see bigger legs we can trade of .
Didn't feel comfortable market did not respect the vwap that makes you think
is a start of a bear trend but will see .
For now the market remains bullish if from the beginning of the session VWAP is respected
we can take a pullback but will see....
Will see if the downside continues we saw some clues on tuesday and wednesday (see previous posts)
I like to check extnsions from fibonacci as they are not written in stone but the majority of traders find easy to use
Is not like elliot waves or gann that is a complicated science .
I do like to show this charts to the public for you to get a habit of learning the market structure a bit and to know that markets are not random they do have measured moves in advance .
Just knowing this areas can give confident in advance.
Heres my weekend view of markets as where they sat right now ,for me still looking bullish
Have retraced for profit taking thats it ,no clear view of major selling .
Managed to make it green after a loss as market opened below VWAP thought it was bearish
but no it wasnt shorted at vwap and took a loss reversd as it mad a double bottom at VWAP
market bounced very slow and risky awfull to trade off.....
As i assumed markt is still bullish....
Dear traders as you may know tomorrow is the last day of the trading combine i really like to give a thank you to all of you that took a look at my journal im very pleased and honored that you took a look at my daytrading !!
Day trading is a very difficult journey ive been doing this for a long time over 4+ years anf i have learned
that no matter how much you know you always need to keep improving as markets always change and what you were using last week may not work for tomorrow .
I hope you have learned a bit of what i know and if you want to contact me for further questions or comments feel free to send me a private messege .