Recap of 3/11

Doing a recap of today for the trial members that aren’t in the discord so you can see how we traded the plan.

Here’s the cash hours chart with relevant levels from the post. Arrows will make sense in a moment. It might be easier to follow along with the post if you have your own chart up and then see how the commentary aligns. Discord pictures are EST-3 now with the time change and my TradingView is EST.

While some of us took a premarket and overnight longs off 69-72

(Worked 3 times overnight) I’ll focus on the cash session after 68-72 had been well tested.

The initial drive higher didn’t even make it to 85.25-87 and selling resumed pretty quickly after open and thus patience was warranted for any longs. The overnight low was taken out and we headed to our bold 57 level.

We aren’t concerned with sniping low of day (though obviously 57 was a pretty good level I don’t personally care to catch a knife), we instead wait for a reversal on the 30 (take out the highs of the prior 30) and THEN look to buy a dip.

Once that reversal came in we can then look for the next dip to buy. The swing low (61.25 on the pullback) occurred right as I was typing giving permission to fish for longs.

Into the developing VAH (near high of day at that time) we have to trim most of our day trade longs and hold runners if we like depending on our entries.

I personally shorted that for a day trade scalp 11:05-11:10 EST.

From there sellers needed TRACTION down through 66-68 or they were done and I said I would flip long. A wick wouldn’t count

This was 3-5 minutes ahead of time, and I indeed flipped long.

I then posted this warning for longs and I also personally took another scalp short here

We got a nasty wick up to 88 5-7 minutes later and a reversal back down to 75.

I think the biggest take home is patience on a gap entirely outside the prior day’s range (true gap). Wait for a 30 minute reversal and THEN look for trades against the overnight trend if that is your preference.

Look forward to seeing you in the discord after your trial period.

🤝