After an open inside VA, and after the small IB was set in stone, we went pretty shy to test the IBH, failing to do this price went down to test S and overnight low, being rejected from 1156.25 area, where on the 5 min chart formed a small double bottom, and went back inside the IB.
The close took place inside the IB, slightly above the VPOC=1161.00 and right on VAH, but below the overnight high.
Does the fact that price failed to test the overnight high show us some signs of weakness? Over the last 2 days we saw acceptance in 1158.00-1163.00 area, a huge HVN developing between these levels.
My trades:
-L 1159.25 exit 1161.25 P/L +2 entry based on VAL, order flow, exit based on DVPOC
-S 1159.25 stopped 1160.25 P/L -1; entry based on failing to take the IBL, misjudge the entry and stopped trading for the day.
Maybe a little frustrated because of loosing 2 other nice setups, due to not focusing enough on trading. Even if we have boring days like we had lately if I decide to trade than I should focus only on trading not anything else. (this is another important rule I have to follow)
Net P/L: +1.00
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