Re: SK XARD TRADING JOURNAL

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Few of you might ask why so much analysis...you are right in asking it.

It is the sudden changes in the PA of US30 that has made me wonder why certain levels behave the way it does.

95% of today's trading is controlled and performed by BOTS.

Most BOTS use the above techniques as their core logic to trade.

So it makes sense to spend few minutes each day on this.


Re: SK XARD TRADING JOURNAL

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Comments on US30 Weekly Profile and Weekly Pivots :

Price has closed above weekly value area which is again a bullish sign.

Price has closed above weekly central pivot range - Bullish sign.

Price has printed a moderately bullish camarilla pivots.

If the price opens near the close levels we can expect some decent price action.
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Re: SK XARD TRADING JOURNAL

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US30 : Price has hit previous week high and previous day high and is retracing.

We also had our 4hr zone there.

The bottom histogram has printed red indicating to me it is going to be a range week.

We had a proper open for the week without gap. So my plan is to dip buy till the structure tells me otherwise.
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Re: SK XARD TRADING JOURNAL

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Probable Area where price will reverse.

Price is below DO/WO and VWAP.

I am expecting price to probably show reversal signs around DCP. If it reaches there.

Value Area High coincides perfectly with Daily CP. Also VPOC is just below which might provide some support.

The structure is still bullish so wont attempt counter trend shorts as of now.
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