I had mostly the right trading ideas today, although too early on entries without waiting for good bid/ask volume confirmation. The VWAP was an excellent indicator, not because it acted as great S/R but because it was NOT respected, showing us the market's character was that of a Z-day (range-bound choppy day where fading extremes in price is the best way to trade).
On trend days the VWAP is well-respected. If you are lucky to get a pullback/throwback to the VWAP, that might be one of your few retracement opportunities to ride a strong trend.
The second trade was really the only one that didn't make much sense and didn't meet any of my criteria.
Primarily my personal trading journal and thoughts/analysis on the financial markets (forex, futures, precious metals, inflation, stocks, economy, computerized trading strategies). I am not a registered investment adviser, and do not offer buy and sell recommendations of any given securities or asset classes. Please read disclaimer below at bottom of left panel.
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