| The session began with PTGDavid providing key resources and links, setting the room’s focus on the day’s strategy and tools. David highlighted a possible relief bounce for the initial target of 5865-5870, expecting market rhythm development aligned with the Daily Trade Strategy (DTS). |
| Morning Session: |
- The market met its first target zone of 5765-5770 by 8:34 AM, which aligned with David’s brief. Early buying strength was observed, with David advising traders to take long positions on pullbacks.
- By 9:42 AM, an initial rally target was reached, with David confirming a shift toward bullish control and adjusting the strategy for potential dips.
- As price moved upward, 5790 was marked as the next upside target, which was achieved shortly after. David then established a new trading “sandbox” between 5772-5782, setting parameters for monitoring further price movement.
- By 10:30 AM, a new target of 5810 was introduced, and David noted that it was a “Range Runner” day, suggesting volatility within defined ranges. He advised on anticipating a pullback within the initial balance.
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| Afternoon Session: |
- After a morning rally, prices faded toward the opening range by early afternoon. David noted this drift back to the 5760 handle, completing the anticipated MATD cycle rhythm for the day.
- The afternoon was quieter as traders observed lunch-period neutrality. David continued to provide support in identifying range-bound “sandbox” zones (5780-5800) while mentioning he’d be in and out through the afternoon.
- Power hour remained calm without significant new targets or developments as David concluded his guidance for the day.
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| Key Takeaways and Lessons: |
- Target Fulfillment and Entry/Exit Precision: The session’s targets were clearly met, with guidance to capitalize on buying dips early on. This approach highlighted the importance of staying aligned with predefined targets.
- Risk Management in Range-Bound Conditions: David’s setup of sandbox zones helped manage risk, especially during midday pullbacks and the neutral lunch period.
- Cycle and Rhythm Awareness: The room’s focus on the MATD rhythms and initial balance history was a reminder of the value in understanding market cycle patterns for predicting reversals and strategic entries.
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| Overall, the day underscored disciplined trading through structured targets, adaptability in range-bound conditions, and the benefits of leveraging market rhythm insights. |
