10.9

Daily

Still bullish! Daily 8e support. Resistance turned clear support. Bias is up. Though we have spent the last 6 days ranging between 6700 and 6750. Pretty tight range. Likely to continue until it traps a bunch and then moves without everyone.

4h

Also very bullish. Dip to the 48e on Tuesday got bought up and exceeded the previous high. We're currently flagging above the 4h 8e with the swing call trigger just above as potential resistance for the month. While bullish we're currently closer to resistance than support. Yes the ribbon is acting as support but ema's are there to provide direction not necessarily entries. Structurally we are very sideways as the tight range would suggest. We do have a HH made yesterday which means we either retest that before heading down to support, or we head directly to support before making a direction

1h

Also bullish. Flagging and holding dips down to the 21e. We broke the call trigger yesterday and now holding the 21e as support with a more probable move up to the 382. Previous high/resistance is currently acting as support. However, the previous swing low is far lower and closer to the PWC. We might have put in a LH overnight but price still looks like we're just flagging. We are squeezing. Given we're closer to resistance, I'd like to see a clean break and hold before entering calls, or wait to see how price reacts again at the 21e or further down to the previous swing low. I would look at calls only unless we lose the 48e or reject resistance again with a clear reversal (evening star, M w/ div, bearish engulfing)

10m

The 10m has no ribbon. We are stuck in a very tight range around PDC. In the trigger box. A break of overnight Hi or Lo would trigger a move to the call or put trigger. The last 6 hours is showing a very slightly bullish structure which lines up with all higher time frames.

6765c or 6745p on a break and hold of either overnight hi or lo

I follow my checklist. Checklist. Checklist.

My mentality right now is one of learning. It is what it is. So what if I miss. This is the ideal headspace. There's always a chance to get in after I 'missed' the move. Or, if I 'miss' that, there's also just another trade. Now in real time, I'm always thinking I'm going to miss it. My gut it to size large. But, the way to combat that fomo is simply scale in and observe.

Quit rooting for price to go one way or the other. It's all about observing what's happening and being incredibly clear on my action if something is triggered.

Also daily context matters. We opened above yesterday's high. Gap fill thursday? Plus far from ribbon.

It's also only been 3 3m candles. Patience. 10m setups take time!

930a - indecision with dips to the ribbon getting bought and the ribbon ultimately holding. HL, HH. At what point do I admit I'm wrong? Well I determined before hand. A close below PDC. And I accepted the loss. Stopped out. NBD.

In hindsight we opened way above the ribbons on multiple time frames. Bullish bias correct but entry shitty. Thankfully I sized appropriately and exited according to plan. Risk managed!

While the put premium chart was clearly down, it did look more ivommy...

Remember on the hourly we were far closer to resistance.

940a - high momo move down potentially losing the PDC. If so would look for puts near the 3m swing high. If not we're really just ranging still. Could stay in trigger box for a while.

And there it is. Simply waiting for the 10m to clearly indicate a break and direction and getting in on a 3m pullback was enough to more than make up for the initial loss on calls.

I've fully exited my put runner despite having a real case for a move to 6735 and no loss of the 3m21e. Entries at $6.5, initial exits at $10.5 and final exit at $11.5 despite no drawdown.

No excitement over outcome- just clean execution at predetermined levels. It is what it is.