SK XARD TRADING JOURNAL

Good Morning ...Plan as outlined below.

Overall bullish structure...so pull back and buy strategy as long as market structure holds.

Will change bias and plan if the structure changes during the day.

sudhindragk

Re: SK XARD TRADING JOURNAL

#45 by sudhindragk

Sentiment US30

sudhindragk

Re: SK XARD TRADING JOURNAL

#46 by sudhindragk

Same scenario on RTY as it happened on US30 yesterday.

Monthly pivot and weekly resistance combined.

sudhindragk

Re: SK XARD TRADING JOURNAL

#47 by sudhindragk

US30
If the VWAP is above the POC ,then more volume has traded above POC than below it.

The distribution function is skewed to the upside and the expectation is that at POC , price action should move up.

We can check this either at the end of the day or during the day.

RTY : It is reverse on RTY. So i will be bit careful of a buy trade.

sudhindragk

Re: SK XARD TRADING JOURNAL

#48 by sudhindragk

The previous day high got rejected and people think it is stop hunt?

But we see this happen again and again so we know what it is.

Please plot the professional price levels.

sudhindragk

Re: SK XARD TRADING JOURNAL

#49 by sudhindragk

Something to keep in the back of our mind.

If this is counter trend rally then we expect a turn at around 60%.

We might see some fierce battle?

Forgot to check this. This is important.

sudhindragk

Re: SK XARD TRADING JOURNAL

#50 by sudhindragk

M30/M5 ...This will repeat several times.

Beauty of XARD system.

If you go through my previous 50 posts you will get an idea of how I trade.

I really enjoyed my brief journaling stint.

Think it is time to start my own blog which I always wanted to.

This was test drive with which I am happy.

You can keep in touch with me through email.

Regards
SK