Thursday

How orderflow led to scaling up

Detailed analysis during prep indicated value had recently shifted lower, so looking for traders to buy at higher acceptance… an outdated value area... and consequently get crushed


Very recent change in acceptance

Confirmation buyers enter at the higher outdated area
Ground Hog Day! Notice the repeat of yesterday’s morning push up… what are the chances that will work?



Carbon copy day with buying coming in at the higher acceptance area


The answer to the previous question is evident in how we traded to the short side, scaling up and scaling up again as per the chart below. That conviction comes from being at the screens on both days to witness the buying that came in at higher acceptance. Accumulated screen time forms part of your edge.
Note: the first attempt we had at getting short resulted in a loss, however the day was still an outlier outcome.