TRADING BLOG EP. 56 - TRADING A ROTATIONAL MARKET
At 10:00 AM today there was a high impact news release (consumer confidence report,) and I never like to gamble and trade the news. I decided to sit out of the market until the volatility from the news blew over. When I came back to the charts, I noticed that we were creating a rotational or balanced market.
I was looking to buy the market at the lower extreme & take it to the other side of value, the upper extremes. I slowly scaled out of the position as we started to move towards my targets. I used a custom session market profile for my key level, the VWAP & cumulative delta to spot divergence, and the orderflow to confirm and execute the trade.
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