25.05 daily recap

- i want to emphasize on 1049.50-1051.50 long trade, first it happened almost in the same manner as the move high from Friday (except Friday it was a clear P shape, short covering day, with a clear take off, late in the day, from the neck of P shape, the move was quick and violent). Today 1149.50 was a very strong intra-day S, price being rejected a few times from there, order flow was rising, showing us a buying type of day, the dVPOC was at 1051.50 a super good location for a very profitable and safe long with obvious target above high of the day. The move was made pretty slowly with a few pullbacks (of course didn't take any)

- on volume profile, distributions were shifting value, but above mid IB (another slightly bullish sign, each distribution with value shifting lower closed in VA, showing that there's no real signs of weakness), with a break of value to the upside, above IBH, in J period

- in the afternoon i made my biggest mistake: was short at 1050.00 saw the S@1049.50 holding very well, selling drying up and being absorbed, i closed my position but didn't reversed, price went up and up and my frustration with it

- lessons learned from today:

1. always have patience for price to get to your predetermined levels
2. always there will be another trade around the corner or you can get in on some pullback
3. always follow your plan
4. always place trades in the direction of the trend
5. don't trade just because you feel you need to, you don't have to trade unless is a sure trade
6. don't trade without any clear setup

- see comments on the chart

- we opened gap down, with huge selling coming from Asia and Eu. After the OR was set, price went to make the IBL, rejection from the lows drove price back above OR high

- we can see on the chart first clue that the move it's to the upside: price was chopping around but order flow was buying, so a quick move up followed.

- a retrace to OR high could gave the opportunity to go long for setting the IBH

- also the fact that we opened gap down could have been a good indication for longs, being the help from gap players. First we closed the gap from May 21

- retrace to mid IB was rejected and price never came back to test this level again, showing a bullish sign

- i didn't follow any plan today, made all kinds of bad trades, except one