<aside> <img src="/icons/row_gray.svg" alt="/icons/row_gray.svg" width="40px" /> Combo of 2 PD arrays. ICT Reaper. Bodies tell you the narrative. When price can color outside of the lines?
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The month of August is a very fickle month. Now, it doesn't mean you can't make money – obviously, you've seen I can make money in the month of August. But the point is this: it can be very frustrating waiting for the market to create solid market structure to lend well to a very high probability bias, a very obvious draw in liquidity. And today, we've created what is referred to as an outside day. The market even took out previous 2 days highs and lows. Something like a small megaphone. And we also came down to the low of the Daily BISI.
Notice how NQ didn’t create outside day. It had the normal Open-HH-Low-Close.
We have to take a step back sometimes in August because this is what it looks like sometimes. When things are just a little bit out of focus, a little bit more manipulation, the market's a little bit thinner, so they do a little bit more damage than they normally would. That's why we're seeing this inefficiency here, that it's coloring outside the lines.
💎Look at the bodies here. This is telling you what the bodies tell you, the narrative. It confirms or denies an underlying delivery of buy side or sell side.
The sell side is residing down here. It'll be interesting to see if we can mount a continuation on the downside. But we'd like to see the London session really support the idea or maybe just consolidation, and then get the move later on in the New York session. We want to see a little bit of movement lower and then maybe some kind of a FVG or retracement up into a short-term premium in a one-minute or five-minute chart that could set the stage for a rundown into that 15.020 level.
💎You can allow price to color outside the lines in situation where you have combo of 2 or more PD arrays.
Think about abstaining, not participating in this. Keep your powder dry, if you will, which is an expression for not taking shots at anything. Just observe and study, and keep the availability of your funds, your mental capital. Because you don't want to wear yourself out this month. You know, in the type of price action that these August months can provide you, they could wear you down. And then when the markets get a lot better, like in September and October, November, you may not be psychologically and emotionally equipped to participate when it's better. Or you may not even have your accounts because you probably roasted them and blown them in August. So, it's very important that you keep that in mind.