MY HYPO WAS A ROTATIONAL DAY-FADE EXTREMES (CHECK COMMENT SECTION TO SEE PLAN FOR THE DAY)
Market was pretty close to 2 SD, at levels of previous highs, I sold one contract at market anticipating to sell one more at 2 SD level. The rhythm target was at VWAP level.
All worked out well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-02-08 10:47:01 | ESH1 | sell | $3902.50 | short |
2021-02-08 10:56:55 | ESH1 | buy | $3897.00 | 0 |
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OBJECTIVE OBSERVATIONS:
MONTHLY ENVIRONMENT: imbalance up (1st dev) accelerating to 1,5 SD Trying to stretch towards 2 SD.
Market seems stretched but has strong momentum up. Base case momentum to continue until 2 SD 3920, or to reverse.
WEEKLY ENVIRONMENT: imbalance up shift from 0,5 sd rhythm to 1,5 sd. Some consolidation last week above weekly VAH. Need to resolve it any direction.
PRIOR WEEK value area: outside VA stretching toward 2 SD (3765-3870)
VALUE MIGRATION: up
ACTUAL MARKET PROFILE (CVA): 3820-3835 outside
MIND MEANINGFUL LEVELS: 1855 (3880, prev day VPOC, PRIOR CVA VAH, 1840(cva vpoc))
OVERNIGHT: ROTATIONAL
DEVELOPING VALUE AREA: FLAT
OF: FLAT
SUBJECTIVE ASSUMPTIONS:
HYPO: PROBABLY WE CAN SEE MORE CONSOLIDATION HERE BEFORE TO RESOLVE HIGHER OR LOWER
BASIC PLAN TO FADE EXTREMES.