Today Required A Nap

When I finished all my research Sunday and the model generated its 3^rd consecutive short signal, I knew this was going to be a long week. No day feels longer than Wednesday. No day price action feels longer than the dreaded neutral day. Pair the two together and you have perfect conditions to blow up traders, long dick style.

To make matters worse, The Fed minutes leaked 15 minutes early. My proprietary (you can use it) 3^rd reaction analysis was tricky when this curve ball came whizzing in. Still it objectively yielded the buy signal and within minutes we were 30 Nasdaqs higher but neutral. Neutral days occur when price exceeds both the high and low print of the first hour of trade. They often invoke strong emotional responses from market participants. I had to quit reading my feeds because the urge go find some of you misanthropes and ‘start something’ was overwhelming.

Instead I adhered to market profile logic, and pressed MOAR shorts onto the table—reentering QID—and then took a nap. The typical play is to fade the second range extension back to the mean. Just last Wednesday this play full court sodomized me when a buy geyser erupted into the market. Thus, it was a bit harder than usual (no homo) to press my edge. But this is my job as a really, really, extremely talented trader. Take my edge whenever it presents itself.

So 3^rd reaction yielded the buy, and other ‘happenings’ have me on the trigger ready to book these shorts and flip long. But I will do so as I always do, slowly…then all at once.