Flipping Your Book

This morning I was working a short bias. We were down into some Market Profile single prints and often times price can zip right through these thin zones:

Just before we went range extension down bulls stepped up and blew out my position for a scratch.  But buyers did not stop there (like happens sometimes, you get stopped and then your trade plays out).  No, they regained the Monday range.  This had me flipping to a long bias.

How I got on board the long was a matter of order flow.  As price pushed up into the Monday range it blew though a huge offer.  Once that went down, I was waiting for price to come back to that blown out offer, as these spots often provide low-risk entry points.  The key contexts were the failure to range extend down, the open gap above, and the re-entry into the Monday range.  But, check out this awesome order flow setup:

You have to see this stuff a few times before execution becomes fluid, but it’s powerful stuff.  After riding most of the gap fill my trading day was over.