Daily Plan 10.6.23
Markets Close Unchanged - What’s Next?
Good evening, readers!
Friendly reminder,
Before we delve into the session recap, I want to emphasize the importance of reading all of my educational posts before diving into this newsletter. Additionally, I have plenty of videos available where I demonstrate live how I map out the levels for the session, offering over 10 hours of educational content through videos alone. To access these videos, simply navigate to the search bar on my page and watch all the videos dated from April 10th, 2023, to May 8th, 2023. These videos can be found within the Daily and Weekly Plans sections.
Here are hyperlinks to all the posts I recommend studying!
Introduction to Volume Profile
There is a wealth of educational content in the pipeline, including the highly anticipated "Introduction to Volume Profile Part 2," currently under active development as we speak! In addition to this, I'm diligently working on creating my own macroeconomic models. However, given that I am a one-man team, this process does require a significant amount of time and effort. My primary objective is to ensure that readers comprehensively grasp the intricacies of the data, all while keeping Volume Profile at the forefront. I firmly believe that gaining a solid understanding of Volume Profile will revolutionize your approach to market analysis and transform how you perceive the markets.
It's essential to note that Volume Profile can be applied to any liquid instrument you intend to trade. I strongly advise against trading illiquid instruments that do not see active trading by others.
If you have any questions or require further clarification, please do not hesitate to reach out. I welcome all questions, and there's no such thing as a stupid one. Your comprehension and success in trading are my utmost priorities.
Yet another remarkable session lies behind us, with both the Emini and Nasdaq achieving my short targets, just a few handles away from the LOD on both! As I anticipated, we experienced a sell-off within the range lows but lacked the momentum for further selling pressure. After witnessing a surge in volume at the lows, we promptly reversed course and ascended to session highs, making today's trading journey a complete round trip. The sell signals on the indices once again aligned perfectly with my levels, with the Emini gaining +27 handles and the Nasdaq surging by +138 handles.
Oil followed suit, plummeting below my short level and hitting my short target at 83.09 not once, not twice, but three times!
Gold also experienced a sell-off, dropping from my short level early in the morning and settling at the LOD, precisely at my short target of 1825.7.
Once again, all four key components of my daily trading plans were in perfect alignment with my thesis, hitting all targets, and notably, all of them setting the LOD almost precisely at my short targets.