Yesterday was a very tough session to navigate as we looked for shorts early on. Many times I warned that both sides have the potential for a major move. Let’s jump into the thesis we had for the session.
“ES Long 3953 > 3989 / Short 3936 > 3890”
Out the gate we opened at 3935.
It was looking good for the start but alarms started to warn of a massive move higher once we dipped into 3936 holding inside value. Reasoning was along with myself there were many shorts looking for the flush lower as most Orderflow traders see the low 3900s LVN. This is a major level and will cause volatility so we will come back to this trade later.
Yesterdays Session
Once stopped out short and acknowledging the trend along with how the profile structure was, taking shorts I had to do with caution. This is why in telegram I said to drop size to half for starter and if we can get back to 3936 we can look to add the rest of the position. Obviously this never came and those were stopped out for small cuts.
In the moment with the stalled rally until 1335 EST, rules were broken with fighting the trend.
This wasn’t shorting a pop but rather stepping in front of a moving train.
Although yesterday was a great session, execution just wasn’t there.
In todays plan I will touch on yesterdays session along with pulling all my levels for the Daily Plan, enjoy!
Feel free to share my work to others that you think can benefit from these posts.
After todays close I will update how all swing levels are doing, some targets achieved and most hanging around ITM.
Make sure to also read this as this is detrimental to understanding what I do, Volume Profile is the soul of my trading.
Nearly every stock is at the swing level that was provided in the substack last week, go check it out:
