Trading day
- Open with huge gap up at top of overnight session with 100% long overnight inventory
- This is an invitation to go for the fade which worked out fine
- For me unepected they filled the gap completely
Middle picture and how to act
- We produced a red candle but nevertheless this was a positive day for the bulls as we accepted higher prices compared to the days before
- We now have a choppy 3-week-balance area which is not my favorite
- We also have Q3 earnings at the moment
- I think at the moment the map is unclear
- For daytrading: Be extremely objective. Do not develop biases. When in doubt get out. Cash in instead of making larger destination trades
- Be a collector – not a hunter
- Go for base hits – not homeruns
