Market Context ;

1. Monthly up trend
2. 11-Day and 3-Week balance ( 55.08 - 58.08 )
3. Many poor highs on the day chart ( 9/11, 10/11, 17/11 )
4. Day up trend inside the balance area.
5. Yesterday Prominent POC
6. Very Prominent unrevisited POC 57.02 ( 13/11 )

Inventories :

1. Overnight long ( Pivot ...

3-Day balance and Gap down ... Gap rules We opened on a big gap down ( 0.50 ) with overnight inventory short. Remember yesterday I noted that it was not that weak because of higher value , weak sells and low volume on a down directional move. I had three levels at the open which was considered as ke...

Context ... Context ... Context After a week of vacation I am back. Today Crude oil futures opened above the day and week balance high so the gap rule as well as the breakout rule were in effect. The early opportunity was to go long with the gap and the balance breakout as we traded near the balance...