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.
Related Posts
Jared Nash
Sep 18, 23
Jared Nash
Sep 15, 23
Did You Enjoy This Post?
Share it with a friend!
Twitter
LinkedIn
Facebook