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Condition
On friday we broke out of a 2 week balance area
The cash markets make alltime highs for 2 weeks now
ES future (adjusted) is near ath
We are price exploring higher
Markets are very bullish. Liquidations can occur anytime because inventory is long
What to stay away from
Go with what is
Do not anticipate Liquidations
The most important trade is no trade
Had two loosers on the long side
They liquidated after the 10:00 news
As they sold through last weeks vpoc i shorted a pullback to that level
Down-move stopped to the tick at monthly vwap
As it found its way back in the developing value area i bought daily vwap SD-1 vor a scalp to vwap
Good job on the mental side as i did not feel any revenge after the two loosers but stayed relaxed
Condition
We are are trying to brekout of 2-week-balance
Yesterday was an inside day, which is a form of balance
Todays overnight range is completely inside yesterday rth , which is also a form of balance
What to stay away from / thoughts
Treat it like a liitle balance
Expect chop in the middle
Go with breakouts if it goes Fade the edges if it is responsive/balanced today
Condition Gap out of 2 day balance
5000 is not far away
Thoughts/ what to stay away from
The market is bullish and it is price exploring higher
Do not go against it. Do not anticipate liquidations
The best way to participate in bullish markets is to buy breaks
Had an early short for inventory correction
Then waiting for CHANGE to come into the long-trade with the trend
The second short was not good. We already had some inventory correction. Why short again. The buyers simply absorb with patience
Then my long worked perfect and i got the meat out of the move
Tried to scalp a pullback but did not feel good sitting a bit on the flagpole here in lunchtime (we often see liquidations in lunchtime, especially with fed members talking)
We are not only sitting on the flagpole intraday but also on higher timeframes so i do not have to participate in that
Condition
yesterday we had a gap and hold and go that produced a covering-p-structure
the overnight range is inside of yesterdays belly
the edges of the belly are interesting
What to stay away from / thoughts
Do not think that we have moved up too far
Do not anticipate liquidation
Go with what is
The market is price exploring higher
