4/30/24 Levels & Plan
Poor lows have been repaired, what's next? *I have created a poll regarding a discord chat. Read below. *
In all honesty, I was thinking last week’s poor low 24.75 and today’s poor low 36.50 would’ve been saved for a major catalyst like FOMC on Wednesday. The plan was not to break these levels and swing far out puts. Now that these levels have been repaired, where do we go from here?
We have a weak high C period that will be carried into tomorrow’s session. Value was accepted higher today and will be important whether daily one-time frame buyer control continues.
I decided to log back into my X account and talk about the liquidation we saw earlier today. Highly recommend everyone to check out my posts from Friday and today. I dissect why price reacts the way it does through market generated information and order flow.
Discord chat has been highly requested by many traders. So, let’s make this interesting and run a poll IF I do create one. Please select option 1 or 2. Keep in mind, this is NOT a trade signal service and will be for chatting like the free public substack chat we have. But I will add more lessons and other stuff (like order flow tools, etc.) vs the substack chat.
#1 - Discord chat is only accessible for paying substack subscribers. Price will NOT increase and comes with the subscription.
#2 - Free to the public
Buyer Plan +25 points
Seller Plan +30 points
Total ~55 points
No, I did not take both setups and finish the day +50 points. 1 short setup right at open playing the false breakout of Friday’s high into 5150-5160 and called it early. +12 points for me today. Then I came back later to see the liquidation playing out. I could’ve taken this trade but when I mentally “call it early,” I am not fully focused. And when my 110% focus is not on the tape, I will not take the trade. Onto the next.
Very busy week ahead and we are trading at a key area 5150-5160. Let’s get into tomorrow’s plan and levels.
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