01/29 RTH Updated

As typing, the market bid up to previous Single Prints and is seeking continuation.

The Current Low of Day is being Supported by My Pivot : 17530. Buyers have an opportunity to catch Chasing Sellers by surprise. Close eyes on 17590~ for this first layer of business above.

01/29 RTH SetSpecial

Be sure to read the Intraday Plan I shared to be up to date with all the Context.

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1. 17630 Offer : Flush // Recover // Flimsy Close : Trades 17440.

2. 17440 : ETH Gap Down // Higher Low : Trades 17530.

3. 17530 : Fails to break // Reverse Position : Trades 17590.

4. 17590 : This will not end well // Squeeze : Trades 17710.

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Price will fall in search of a Buyer
Gap Down // Buyer Found

Globex Open gaps down sweeping the stops below Fridays’ Close. From here, we found a Buyer that continued their business to the upside;

This leads us to [Mixed Opinion] tape as we Open at 17630 directly.

01/29 : First 90m // 5m Candle // Tick Size 1.00

Heavily two-way traded Open. This activity can be expected knowing we had ‘heavily handed’ participants in play, referencing my Plan(s) prior. This positioning took 90m to resolve. 17530 proves a Higher Low.

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State of the Auction : Changed
Buyer Found // Initiation

Price doesn’t always paint the picture of what’s happening. This IB was a bloody one. Sellers weren’t pulling any punches while attacking My 17530 Pivot. As a reward, buyers slipped one last trap before unleashing a continuing grind higher.

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Common Sense : Market Sense
Initiation // Check-Test // Continuation

The order in which these events occur is not linear.
The order in which these events occur is completely dependent on Player I / Player II

Many will be drawn to this Close and think that their orders mattered.
Personally, I think the only edge this session laid in the hands of 17530 // 590 above.

Initiation → Auction → Initiation || Is one of my favourite States. Find the tape in play, once above / stay above ; Carry it to the local Pivot Above. This tape gave me the insight to hold my position, to which I carried longs to 17660 my favourite bike. I’m sure that’s the first time you’ve head that on SetFeed :)

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Obvious typo : 17590 : The entire theme of this auction was built on : Was now in play.

Sellers fight back with a luke-warm response, To which in my mind was not strong enough to take out our new-found player. Spoiler : It was not.

This will not end will : Simply my theme of folksy & furu getting fudged. Feel free to search back any other reference.

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Personally I think I’ve grown a lot as a Trader this year.
I’ll be taking this Chapter of my journey to grow others.