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Condition 1
5 days inside
I call this a choppy balance area
short term money gets shaken in and out
> take your profits, do not hope for bigger moves until that condition has changed
Condition 0
we open in middle of range with eth being completely in range
> trade later
Condition 1
Is the move to the upper end of balance area finished?
I do not know
We had a news triggered liquidation
Condition 0
spent eth in lower part of range or below
open in the belly
Thoughts
acceptance above belly h could bring the long scenario back
acceptance below onl / filling the gap would favor that the long move is finished
I expect chop netween bellly h and onl = no early trade here
Fellow Trader: Trying to read and understand your intent and suggestion to trade using your post and your demonstrated chart, somehow, I could not grasp your recommendation to foster a possible specific trade situation. Would you mind expanding in more detail as how a trader could utilize your wisdom to enter or exit a trade? Much obliged, trading friend. [email protected]
Hey friend. Looks like supply demand levels and then marking out key news/econ pieces and the levels there.
What type of trading do you do?
Personally for me when I do stocks or futures. I use daily charts to get my big picture ideas on what I think should happen then use a 5minute chart to enter/exit positions based on patterns.
I use a 9ema, 20ema, 50ema and vwap on my intraday charts.
majority of the time I look for trends based on the daily + premarket action then buy dips down to support . If there is a big trend then the first pullback to the 9ema/20ema zone (i shade in the zone )
For steeper pulls 50ema or vwap. On the nq or mnq contracts the 50ema works really well. Let me know if you need anything!