Weekly commentary 140

Question 1

What do we call it when price does not leave a FVG?

Answer 1

An immediate rebalance. If there’s an immediate rebalance, price will not always trade into the previous FVG before expanding. It can expand from that level.

Question 2

What are the steps to follow when doing analysis?

Answer 2

1.Direction first - find expected direction
2. then narrative - blend timing of economic calender; ie which day should trade higher for the week,
3. then entry

Question 3

How do you determine which days to trade?

Answer 3

You need to see where the better weeks of the month, and better days within the week where expansion is most likely to occur.

Question 4

CPI, PPI, NFP, Fund rate

Answer 4

Days before these economic events are likely to be lacklustre, especially the day before the event. It’s generally better to trade after these events.