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TRADING BLOG EP. 68 - BEAUTIFUL TRADE SETUP

The S&P 500 went on a massive rally today, and I was able to capture almost the entire move. I got long around the VWAP & RTH POC, and I took the market to a new high. This was an absolutely beautiful trade, I am very pleased with my performance today. It was a one shot, one kill type of trade. I didn’t have to take a loss & re-enter to get involved (like last week…) Almost as soon as I executed the trade, it went in my favor.

The HTF Monthly VWAP is bullish in my opinion, so I knew I wanted to be getting long today. At first though, I wasn’t 100% sure if that bias would play out. A lot of selling was coming in at & under the VAL, so I thought there was the potential we would go bearish. But I noticed that these sellers were being absorbed, so I knew that getting long was the right side of the market to get involved in.

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