trades 0515



There was some liquidation but it did not get traction
They produced a fat volume peak at the low which made me confident to sit in that long for a while

20240516 pre markett



News
10:00 feds Barr
10:30 feds Harker
11.30 feds Mester

Condition 1
We closed on a new ath with an expansion of range candle
We have 3 unfilled gaps and a few naked vpocs below us

Condition 0
We open near yestrdays high

Thoughts
Is the market short term overbought? yes
Does this mean that a bigger liquidation is coming? Absolutely not
The market can go in price discovery mode: It can go higher and higher in search of sellers

Trade what is
Do not anticipate liquidations

trades 0516



Sometimes the auctioneer has to lower prices to get the auction heated up

20240517 pre market



News
10:15 feds waller
12:15 feds daly

Condition 1
Imbalanced up
Looks we like could come a bit into balance

Condition 0
We open near y low

Thoughts
Let the market show what it wants to do

trades 0517



1) no selling under yesterday low
2) no buying because of 1)

abc period is in onr

so i call it a day

20240520 pre market



News
many fed speakers today
wednesday amc nvda

Condition 1
We are Balancing around the old ath

Condition 0
open with small gap
single prints in fridays j-period

Thoughts
Market seems very bullish, could grind higher sooner or later
No reason to think short

trades 0520



Took two small scalps
I think the edge is gone now and we need some kind of liquidation

20240521 pre market



News
many fed speakers

Conditon 1
4 day balance

Condition 0
open in range


Thoughts
Thin balance area is bullish
Best entry is after a look below and fail

20240522 pre market



News
10:00 housing data
13:00 bond auction
14:00 fed minutes !!!
amc nvidia earnings

Condition 1
5 day balance area
balance rules apply

Condition 0
we open in the middle of y range
no reason for early offensive trading

Thoughts
i could imagine that they wait for the news before they try to beak out but we never know

red area



There is nothing to do in this reddish area
The most important thing for a trader is to know when and where he has no edge