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*IMPORTANT* [GREEN – ASIA | BLUE – LONDON | ORANGE – NEW YORK] Trade 1: Took a counter trend trade back to previous day VAL based purely on the idea that the move down was algo driven due to Powell’s FOMC meeting speech. The low volume on the move down indicated to me that markets may reject lower prices and we would look to start rotating back to value. Once I saw the rejection wick I took entry in Asia on the push and pullback, I chose to exit once markets started to stall out and lose momentum during London. I did not take the short in London session probably because my bias didn’t help me see a clean setup short. Trade 2: Watched the price action during the Asian and London sessions. Confirmed ascending value areas moving out of New York session seen below showing markets desire to retest POC from FOMC day. Took the entry long following the sweep low and push higher targeting the naked POC from New York/FOMC day. What has been helping me identify my trades is isolating clear value areas for each session layered over the daily volume profile using Auction Market Theory and Wyckoff Method as my approach. This helps me with identifying: – Liquidity – Market sentiment – Areas of balance – Breakouts of value Hope this helps anyone out there with creating some ideas around identifying and creating a system for there trading. submitted by /u/SmartMoneySniper to r/Daytrading |