TRADING BLOG EP. 76 - NICE START TO THE WEEK
Everyone loves starting the week out in the green, and that’s exactly what happened today. I took a very nice buy position on the S&P 500 & was able to lock in 2 partials. It was a very textbook setup, it just took the right amount of patience to catch the move, and to stay in the trade once I put the risk on.
I got long underneath the previous RTH Value Area Low, which lined up with an old Weekly Value Area High. So I had 2 key levels to be trading from, which is always a great sign. This was also in confluence with the lower extremes of the Daily VWAP, so now all I had to do was wait for the orderflow confirmation. Once I got the signal that buyers are stepping into the market I got long.
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