Wednesday - calm confidence in unpredictable

- notes from my trading journal 20/04: - strength from O/N session, open above VA, POC & range; showing acceptance at prices above, buyers in clear control, no aggressive sellers. Any attempt to auction back into VA was rejected, price found acceptance above IB and traded for almost all day there. We had RE up in 3 periods, last time period RE & closing near the highs showing us the strength an determination of buyers.

- VVA was built at the high of the profile.Few trading opportunities, IMO the best location was long from 1198.75, which was the singles area in double distributions from O/N profile, entry after price probe down and rejected from VA. I was too conservative and wait for price to test 1196.00.

- obs. on low volume area: - we can see from volume profile chart that 1195.50-1197.50 is an LVN, on MP chart the area is marked by buying singles from Monday 19/04, so we knew that OTF buyers drove prices through that area. Theory: low volume areas represents OTF conviction, rejection area; the key in taking advantage of LVN is to place trades in front of that area, for the OTF should reject any auction attempts near the LVN. Which is exactly what happened at the lows of today. (this made me think I'm not doing my work preparation well enough, in identifying key areas)

- key areas/levels from the structure:

1. 1194.75-1197.00 LVN with OTF buyers defending this level, should hold as a strong S. If we turn around and trade through it & price finds acceptance below, the conditions have changed, buyers not interested in defending this area.
2. 1202.25-1203.75 HVN, acceptance found in this area, VPOC@1203.75, should act as a strong S
3. 1205.25-1205.75 buying singles made in last time period
4. 1207.50 is NPOC from 15/04
5. HOY@1210.50 is R1
6. 1217.00-1218.00 R2 from pivot farm

- scenarios: - strength from Asia & Europe session, manage to keep price above and inside VA

- if we don't auction below 1194.75-1197.00 LVN, my plan is to buy any pullback to VAL, POC with initial target O/N H@1209.50 and extended target above HOY

- if we trade through the LVN and find acceptance below, I know the conditions have changed and I'll try to go short at POC, VAL, LVN area, with tragets below such as NPOC and S