jan 18 - review

- we opened on VPOC from friday, into the second distribution of Friday (treat that as an individual day), based on that, my initial S and R were the extremes of that small distribution. On the range chart with OF i saw first rejection from initial R at tha candle finished at 9.41, red on positive delta; so i calibrated my cross hair and when the following candle closed down, i placed my order at 1289.00 with T1@1287.00 and T2 trailing

- now, i should have exited around 1287.00 as i saw that initial S holding (overlapping bars; lower delta but not price = bullish divergence) but i didn't and i exited at +1 @ 1288.00

- than, because that initial S holding, OF turned to buy, price moved above Open, i entered long @1288.25, 33EMA, had in mind quick exit if bar closing below open and below EMA with T1@1290.25. For T2 i expected RE up, and still didn't exited when OF turned to selling. I moved my stop at 1287.50, below open but too close to price action; i should use strategic location for the stop, like placing it below S area @1286.00 (still between my initial stop guidelines)

- still believe in the upper move as initial, and critical S held and we moved back up above Open, closing above EMA still could be just a balancing day and have to work on my exits for 2nd contract

- this was my first part of the day, a gain of +4.25 points in 2 trades

- for the second half of the day, we can see price moving higher, after the attempt to auction lower price got rejected from Friday's VPOC@1287.75, showing us that S moved higher (critical piece of information), coupled with location of the trading range (top of Friday's range), OF turning to buy, the odds were high that a RE to the upside could be the most probable thing to happen.

- based on my trading plan, it offered a long entry location @1288.50 and plenty of occasions off dVPOC@1290.00, which held as S (S moved higher, the same critical piece of information)

- from the MP chart we can see that we were one time-framing higher whole day except in P period, when an attempt to stop the one time-framing higher was not followed by follow through and immediately after the break to the upside occurred. I think thats another very important piece of information, of something attempting to happen, that doesn't happen and offers possibilities in the opposite direction. (will be part of my arsenal, and act without hesitation next time when that happens, i'll document it as a setup)