🔑 Core Market Narrative
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“Ability to Continue” vs. Prediction: The day opened with a strong mindset reminder—trading success comes from consistency and endurance, not prediction. https://x.com/samuraipips358/status/1911751410053759039
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Market Environment:
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Market was in Cycle Day 2 (CD2), typically a MATD Consolidation type, which was confirmed throughout the session.
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Open Range Reference (5471–5496) acted as key directional zones.
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Price largely range-bound, oscillating between 5440–5480 for most of the day.
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🧠 Technical Highlights
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Initial short plays hit early targets across CL, NQ, and ES.
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Key Support: The Line in the Sand at 5395 held strongly midday, triggering a buy response and a reversal.
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VWAP and Prior High were used as references for potential bullish continuation.
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Reversal Level: The .786 Last Chance Retracement (LCR) held, acting as a turning point late in the session.
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Cumulative NYSE Tick remained positive for most of the day, signaling persistent buying pressure.
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End-of-Day: MOC Sell Imbalance of $1.2B caused bulls to lose steam, though the LCR zone still delivered a reversal.
🎯 Key Levels
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Support: 5395 (LIS), 5440, 5450, 5466
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Resistance: 5475–5490 (Breakdown zone), 5484 (OR Mid)
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VWAP: A pivotal level throughout for price reaction.
🎤 Tone & Community
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Friendly and educational with good trader camaraderie.
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David’s commentary was clear, actionable, and rhythm-based, emphasizing structure, rhythm, and emotional discipline.
📘 Educational Trading Takeaways
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🔁 Consistency beats prediction: Don’t get caught up trying to forecast every move. Focus on executing your system and adapting to structure.
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📐 Know your Cycle Day: CD2 typically implies balance; don’t force trend plays where they’re unlikely to play out.
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🧭 Context matters more than candles: Price action at key zones (LIS, VWAP, Prior High) tells the story—listen to it.
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🪤 Avoid the trap: Recognizing bull/bear traps, especially around prior session highs or VAH/VAL, can save you from emotional trades.
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🛑 Sometimes the best trade is no trade: “Can’t get in? Doesn’t mean short it.” Wait for a better setup. Patience is a position.
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🔄 LCR Reversals: The .786 retracement is a known trap/reversal zone—watch how price behaves here for potential fades or reversals.