<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> 5 step NWOG Sauce / 9:30 Judas swing / Body Volume on Swing points / How to use the Opening Range Gap + sauce / Displacement across NWOG levels
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Monday is absolutely a trading day of NFP week. Wednesday 11am you stop for the week.
Donβt be led into the little fake outs, the little consolidations that all of a sudden spike in the direction that you weren't expecting, the deep retracements that you weren't really expecting, that type of thing causes emotions to rise up, and then you start making bad and impulsive decisions.
<aside> π Remember box:
<aside> π When you target Relative Equal H/L always aim for the one with higher body volume.
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<aside> βΌοΈ When you back-test always give yourself the worst entry.
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<aside> π Note how price closed aggressively below the Imbalance.
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πPrevious settlement price is going to many times be revisited, regardless of what the daily range does. It doesn't necessarily imply or mean that it needs to go back up there to go down. It doesn't mean that it can't go up there and keep going higher, not even revisiting going back down as a support level. It just means that it's going to want to gravitate back to that, usually within the first 30 minutes. Not always. Its only something we look for. The market's likely to do it andπ how it does it, how does it perform that function.
We can see it trade outside of that 1m FVG because we're in the early stages of the opening range. At 9:30 tends to be a little bit wild. We can see a little bit of discrepancies that would otherwise in between like 10 o'clock and 11 o'clock. There's far less likelihood of a mohawk forming; it can, but we really want to expect it to form around a fair value gap. We're watching and stalking between 9:30 and 10 o'clock because there's a whole lot of orders coming in. Everything's being piped in that first 30 minutes; you know it's Amateur hour; everybody's trying to do whatever.