Jan 07 review

- notice how price first got rejected from the BAH (bearish sign), down to yesterday VPOC.

- rejected from VPOC up to the O, OF formed a small subtle divergence at the high, the presence of responsive sellers was seen by VPOC forming @1271.75 stalled and sold off through the VPOC and IBL all the way down to the BAL

- basically this is the only information that you need to capitalize on

- the important thing to notice is trading between them levels, broke some of them (make an opinion & trading tactic based on that); held some of them (make an opinion & tactic based on that)

- after an open with low conviction, inside range and balance, price got rejected pretty quick from BAH@1273.75 and went to set the IBL

- 2nd attempt to break the highs was stopped at the OPEN and failure to being accepted above that level generated a sale off which continued until now, 1:00 PM. The sell off went to the opposite extreme of the BA

- after a few bars struggling to break from IBL the break occurred with RE to the downside. My plan calls for trades in the direction of the RE

- I am still not flexible enough to change my bias, even after strong evidences listed above (rejection from BAH, rejection from OPEN, trading below midIB, break from IBL). Not to mention the observation of responsive sellers at the OPEN level on the price ladder

- the importance of trade location and an objective and unbiased view of the market