Trading Session Insights and Strategies

Oct 12, 2024

Lecture Notes: Trading Session Overview

Introduction

  • Opening Remarks: Greetings and a check-in on technical setup (sound, etc.).
  • Market Overview:
    • Opening range gap high: 222.25
    • No news on Monday or Tuesday
    • Expect CPI and PPI later in the week (increased volatility anticipated).
    • Trading expected to be slow but clean early in the week.

Key Trading Concepts

  • Opening Range:
    • Initial bias set by opening range.
    • Focus on mid-gap around 20,179.5.
  • Liquidity Pools:
    • Identified minor sell-side and buy-side pools.
  • Fair Value Gaps (FVG):
    • 15-second FVGs noted.
    • Watching volume imbalances on the one-minute chart.

Trading Strategy

  • Morning Session:
    • Approach: Slow to act at the session start.
    • Prefer trades to climb back above initial FVG and treat as inversion for buy-side runs.
    • Emphasis on patience; avoid disorganized market conditions.
  • Market Behavior:
    • Conditions indicate a high resistance liquidity run.
    • Stressed importance of not rushing into trades just after the weekend.

Technical Observations

  • Key Levels and Gaps:
    • Mid-gap, lower and upper quadrants noted.
    • Expecting a move higher in opening range.
  • Trading Conditions:
    • High resistance liquidity run conditions observed: less precision, deeper retracements.
    • Teaching approach centered on waiting for low resistance liquidity runs.

Afternoon Session Outlook

  • Potential Trades:
    • Looking for clearer setups later in the day.
    • Anticipating better conditions post-lunch or in the afternoon.
  • Market Indicators:
    • Midpoint of opening range gap as a key level.
    • Monitoring for any breakouts and their implications.

Concluding Remarks

  • Advice to Traders:

    • Emphasize patience and understanding of market conditions.
    • Avoid trading in high resistance conditions unless absolutely necessary.
    • Continued focus on clear, low resistance liquidity runs for teaching/training purposes.

  • End of Session:

    • Encouragement to review session details and learn from market conditions.
    • Intention to resume sessions the following day, with a focus on safety and learning.