Date: Thursday, May 15, 2025
Moderator: PTGDavid
Cycle Day: 3 (Positive 3-Day Cycle Active)
Historical Performance Rate: 89.65%
📊 Morning Session Summary
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Opening Structure:
Market opened in a neutral range, right at the Line in the Sand (LIS): 5895. This level was reinforced as the pivot throughout the session. Traders were advised to be patient and wait for a directional cue. -
Overnight Price Action:
Price traded into the lower support target zone 5875–5865, aligning with the Daily Trade Strategy Briefing. -
Initial Trade Setup:
PTGDavid identified and called an A10 short that played out successfully. Partial profits were booked, with the rest managed risk-free. -
Initial Balance (IB):
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Range: 5884.50 – 5905.50
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IB Midpoint: 5895 (coinciding with LIS and VWAP)
This reinforced 5895 as the battleground level for the day.
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🟢 Bullish Breakout & Trend Continuation
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Breakout Above 5905:
At 11:05 AM, price broke above 5905, which was identified as the prior close. This breakout validated the bullish lean and set the stage for long setups. -
Key Upside Targets:
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5920: Tagged by 11:21 AM
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5930: Surpassed by 12:16 PM
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Extended Target: 10-ATR range of 5958.68 mentioned later in the session.
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Pullback Zones Identified:
5905 flipped into pullback support post-breakout. Traders were reminded to avoid chasing and instead engage on retracements to support.
🐰 Afternoon Tactical Plays: Wabbit Hunt
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After rejecting from D-Level 5940, price pulled back toward 5922, activating a “Wabbit Hunt” setup — PTG’s high-probability reversal structure often triggered by a “look above/below and fail.”
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Multiple confirmations were provided:
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Educational link to PKB structure: Peek-A-Boo Setup
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Intraday sentiment: “Make trading fun and interesting, or it becomes long hours of boredom.”
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⏰ Power Hour & Market on Close (MOC) Flow
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Power Hour Activation:
Kicked off with a dip into VWAP ~5917, forming a “dip-and-rip” scenario as anticipated by PTGDavid earlier. -
MOC Buy Imbalance:
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$6.1 Billion BUY imbalance reported at 3:50 PM.
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Price surged in response, reclaiming 5938 by the closing bell.
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Closing Print:
5938 — The key battleground level was reclaimed by the bulls to close the session strong. -
PTGDavid’s Final Thought:
“Only took $6 Billion to do it though.”
🎓 Educational Takeaways
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Define Key Levels Early:
Structure your plan around LIS, VWAP, and Initial Balance. These were instrumental in framing trade bias and entries. -
Trade With the Cycle Bias:
Day 3 of a positive cycle historically favors long setups. Price action aligned perfectly with that expectation. -
Patience Before Breakout:
Wait for confirmed C&C (Convert & Confirm) of critical levels before entering. PTGDavid emphasized not chasing trades. -
Pullbacks Over Chasing:
Retests of LIS and VWAP provided optimal risk-reward entries throughout the session. -
Use Narrative for Execution Clarity:
Terms like “Wabbit Hunt,” “Dip & Rip,” and “Coil before Ripper” helped simplify complex price action and kept the chatroom engaged. -
MOC Is a Critical Input Late Day:
Monitor for Market-On-Close imbalances. A $6B imbalance drove the closing surge — not technicals alone.