Jared Nash
Sep 21, 23
TRADING BLOG EP. 48 - MAKING UP FOR LOSSES
Today I took an amazing trade setup on the S&P 500. I got short at the high of the day, expecting the market to revert back to it’s true value. The market ended up moving in my favor almost immediately & I scaled out of the position at my targets.
This setup was caught by using Auction Market Theory from my RTH Market Profile chart where I had a merged value area. Buyers couldn’t sustain prices above value, and the Weekly VWAP was also at the upper extremes. So those 2 things put together gave me a bearish bias & the orderflow gave me the confirmation to enter the position.
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