calm confidence in unpredictable 27/04

- notes from my trading journal 26/04: - after opening above VA, confirming the Friday's close, after the IB was set making new highs (just 1 tick above O/N high, some kind of failed auction), price auctioned and built value inside the IB, finding acceptance at these levels and building up HVN. It was a day range with low volume and eventually in the last 3 time periods we got further RE to the downside, into previous day's VA, touching the POC@1207.75 and closing at the day's lows, below VA.

- imo there were 3 trades to be taken after the IB was set. 1st: long from IBL exit at IBH; 2nd: short IBH exit IBL; 3rd: short dVPOC@1213.25 exit POC@1207.75. I chose not to trade today, due to narrow range and bad experiences with this type of range, i preffered to observe and take notes.

19-26/04 vol profile, newly built HVN at the top

- key areas/levels for 27/04:

1. initial R@1210.50 LVN
2. R1@1213.00 VPOC of the new HVN
3. R3@1216.75 HOY
4. i expect VA to act as a R area, but i'll validate this possibility after analyzing the O/N session
5. levels of S below remain the same as identified yesterday

- always double check the S/R levels with 20 days composite vol profile chart

- note about yesterday's profile: at the bottom of the structure we have double TPO's, remember the theory about high probability for price to revisit that area.

- note at 10:00 CB consumer confidence and Bernanke? could the missing catalyst from today.