<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> How does having Holidays affect the market. / HRLR Intermarket relationships and SMT divergences. / DXY SMT Implied Fair Value Gap / Opening Range (30min)

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This Monday we had holiday. That interrupted the normal ebb and flow of price, sentiment, trading, speculation. On these types of days is better to stay away. ✍Whenever we have Holiday, that impacts normal trading hours, the next morning session is VERY VERY low probability. It can be choppy or just a complete wash. “Wash” means that we may not get clean entry, we may not get anything that has any technical sense to be part of it, but its beneficial to just observe.

If we anticipate that the AM session is going to be choppy, aimless, LRLR signatures are NOT gonna be in favor. These are problematic times. Than we look for 7am-8:30am for setups. This removes the necessity to chase price during the AM session. But why the conditions are not favorable for us?

Shorting ES with Wick C.E. & Premium FVG To Discount Sellside Liquidity Premarket

  1. DXY is choppy & range bound.

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EURUSD was also consolidating, while the GBP had a really nice acceleration to the upside.

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We expect problematic conditions so we wait on the sidelines. The Opening range, the first 30min of trading we just observe, bc we know price is likely to be choppy. Avoid impulses to do something, to chase it, even if it is moving a lot. These are the conditions are the ones that you can let run without you

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SMT on the highs that ICT shorted initially. Now he will show us a bread and butter setup!

Let’s say that normally we would build a case here that Buyside LPs will be targeted. But because we coming on the heels of Holiday, abbreviated session on Monday, this affects trading. Many people will be just sitting on their hands and waiting for the market to tip its hand. There is not a lot of interest.

Tape reading is annotating how much time transpires between we draw our attention to a level and arriving there. How many handles? How much drawdown? You have to be logging this data.

The main takeaway from today is that we have identified this morning as difficult. Its likely every high and low to be swept. But we are focusing on the Buyside LPs. That will give us info what do in the PM session.

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NQ also reaching for its Buyside Liquidity.

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ES shows good reaction form the M.T. of the OB. So it should run the EQH.