Lets talk markets! 

Discuss overall market structure referencing previous week.

-tried to continue lower from previous week but it got bought up pretty quickly back into value on the big time frame. the lower end of value on this big time frame is 4500, im curious if we can travel there. in theory it is possible, if we travel there expect for quick bounces. 4680 is still the popular price so expect price to be hanging out there for a while until we go to a different value.

Discuss playbooks and anything learned throughout the week

-Focused on how initiative action happens, in breaks and in value shifts. We want to see continuous stop orders coming in the footprint in breaks or in value shifts (shown in playbook 01/13/2022). if we break out without seeing initiative then it will most like result in a failed break.

-Low Volume Areas. Low volume areas should be areas where price reject since they are unpopular prices. When price trades too much in LVA’s its a sign of either breaking out of that value or if trading too long then it becoming a part of the value. In playbook 01/14/2022 you see where I adjust my trade entry because the LVA fills as part of the value.

Discuss scenarios for next week.

I expect to see more rotations in this area since we are right at POC in the big time frame. the lower end of this big time frame value is at 4500 so in theory we can travel here and if we do we’ll focus on longs. looking for longs above 4760, under 4750 we are looking for shorts. We are tapping lower end of this big time frame so 4500 may be on the way.