Your Job:
- Identify attempt (extension or reversion)
- Watch for failure (can't sustain)
- Confirm with Position/Structure/Response
- Trade the failure
- Stop at failure point
- Target based on new direction
Constants:
As always the more strategically aligned the Price Position is, and the Price Structure going into the Extension or Reversion, and with the trigger like response to all of it the better.
The VWAP is mainly a tool to know where to look for trades.
The Further from VWAP the more risky it is to join an exisiting move. (Doesn't mean fight it either)
The Closer to VWAP something could build and happen with Position, Structure, and Response.
Will do more on this tomorrow