End-of-Session Market ReviewToday was a solid trading day with some interesting moves across the markets:
S&P 500: The market trended upwards from the open, gradually moving into and above the prior day’s value area, closing near the high of that range.
NASDAQ 100: After some initial back-and-forth, it climbed above the prior day’s high and value area, showing strength into the close.
Russell 2000: This market was quite choppy and balanced for a good part of the session, but eventually pushed up to close near the prior value area high.
Gold: It stayed range-bound, moving between the CVA high and the prior day’s value area without breaking out.
Crude Oil: We saw a significant drop right from the start, with prices falling about 1.5 points and ending the day lower, though still within the prior day’s range.
Euro Dollar: It tested the CVA low, dipped below the prior day’s low, and then bounced back to close around that level.
Yen Dollar: It started near the prior value area low, accepted below it by midday, and remained balanced in that lower range.
Aussie Dollar: Initially, it held above the CVA area and tested a higher level before sharply dropping below the prior day’s low and then balancing in that lower area.
In total, I took eight trades today. Two of them were in the Yen, both valid setups that didn’t work out and ended in stop-outs. I also took some long trades in the Aussie Dollar that I probably could have avoided since the market was choppy.
On the positive side, I managed risk well and ended up with two winning trades that put me in the green by about $1,200. Overall, I’d rate today as an A- day. Moving forward, I’ll focus on staying out of choppy markets, paying attention to the developing value area, and possibly using Heikin Ashi bars for better clarity.
