Weekly [09/03] Study
Presented to You by Orderflow.
My latest edition left you with Price Balancing Above the Gap.
An entire week has past and we are still Balancing Above the Gap.
On the Short Term, Sellers have entered the Market but find themselves within a Bullish Auction.
These last few sessions came with some Heat as Sellers are able to travel freely within this Range. This type of Price Action often fools Traders into trading against their Bias, which is why I anchored my views simply above/below the Gap.
Our Auction Pivot was set to : 19660 to the Upside
Our Auction Pivot was set to : 19330 to the Downside
These two points were my references for Auction Continuation.
These two points have not been broken.
The State of the Auction has not changed.
My Risk is currently Set to the Upside. I find the idea of chasing Sellers below the Gap to be easier to navigate.
Imagine being me, A One-Directional Trend Trader.
I like to play in Imbalances.
I like to play in Trending Conditions.
Therefore I pick a side and play the side.
Now understand Balance.
Balance is essentially a pause within the Auction.
Balance is very rotational.
Balance, once set, is difficult to Break.
The Range within this Balance is currently 19300 - 19700.
Therefore, if One is Long 18500. This has traded +800 to +1200p in your Direction.
With the Gap Unfilled, my Long Conquest has not been invalidated.
The only reason One would leave this position, is due to impatience.
… I’ve never left
