
Debriefing 8th June and Today’s Journal
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Need to know market risk @ FinancialJuice.com
- Kremlin: No agreement reached with Turkey onOvernight Session More Ukrainian grain, work continues.
- IAEA Director-General Grossi will hold a news conference onOvernight Session More Iran at 1:15 PM (11:15 GMT).
- Traders add to BoE bets, put 50 BPS hike in play by September.
https://financialjuice.com/News/6699363/Europe-Market-Wrap.aspx
Today’s Data
ECB MAIN EVENT BEWARE

Yesterday’s Market Profile and Price Action Debrief

Market profile, debriefing Monday 8th June
ONOvernight Session More Balanced Profile was located above yesterday’s VPOCThe POC or Point-of-control is the price where the most amou... More but we opened with a large gap More lower from the prior close at 4158.75. What was noticeable was the location of the ONOvernight Session More Low was a single tick above prior VPOCThe POC or Point-of-control is the price where the most amou... More and to me that indicates a lack of resolve by sellers-a clue!
ONOvernight Session More inventory was short and given their lack of ONOvernight Session More conviction by sellers we can be looking for an early adjustment onOvernight Session More the open. PM me and ask me why I was expecting this🙂
Into the open and a lack of follow-through to the downside after a breach of the ONOvernight Session More lows (4133) by 5 points. Buyers took turn to respond to then close the gap More to the pclose @ 4158.75 briefly breaking above by a singular point to create the day’s highs at 4160.
The auction then spent a lot of time making no ground to the upside. One clue was PAPrice action More at the prior high, notably, the buying turned off. This happened a couple of times and is worth looking at yesterday’s live journal.
Top TIP: To the untrained Market profiler the non-excess highs that were created looks like clear buying pressure and an opportunity for stops to run, but when we have a slow-paced auction and extreme balance ( see yesterday’s tweet) this is actually a sign of buying weakness. *Short was taken at the time at 56.75
The IBInitial balance in the futures is traditionally the first ho... More was still intact 3 hours into the auction, but buyers were losing the battle and sellers eventually took full control of the auction breaking the IB lowThe lowest value that is printed from the opening 1 hour of ... More to test the small ledges created onOvernight Session More yesterday’s auctions 4125 & 4115. Sellers then pushed down to cover yesterday’s singles marker @4105 before being pushed above the all-important pwkSettle (4108). Close 4114.25
TOP TIP: Check out my balance trading rules and see why I held my trade through the IB lowThe lowest value that is printed from the opening 1 hour of ... More to my primary targets 4125, and 4115 4108. Click here
Also, checkout spike rules as we failed to take out yesterday’s highs!
Double Distribution, Liquidation, 8 Day Balance, Inside Day
H 4160 L 4105 VPOCThe POC or Point-of-control is the price where the most amou... More 4115 VWAPThe VWAP or Volume-Weighted-Average-Price is a moving averag... More 4131 SETTLE: 4114.25
Realistic Targets Given Current ATR
UPSIDE: 4168 | 4183 | 4200 | 4220 | 4250| 4274 | 4303
DOWNSIDE: 4134| 4120| 4107 | 4098 |4080 |4962| 4050| 4032| 4015 |4000|3987
Yesterday’s Price Action Review

Footprint access notes from yesterday’s entry @56.75
ON Update

Originally tweeted by The Balanced Trader (@Trading_Balance) onOvernight Session More June 8, 2022.
Opening Bell
OK, GUYS ALL EYES ONOvernight Session More THE ECB THIS IS A BIG THING EVEN OUTSIDE THE EURO COMPLEX. I WILL BE IN FULL CONCENTRATION MODE. Prep done, mental prep done, technical prep done, BE ready!
8 am CT I am wondering if today is the day we break out of ES, inflation out of control is the narrative adding slower growth and rising rates. Watch the lows in ES we are already below last week’s settle. Watching for a test into 4108 for short onOvernight Session More open. This was discussed onOvernight Session More today’s Stream. Big ONOvernight Session More volume coming in into the open. ECB is setting the tone. FESX and bonds through the floor into the open. BTPS down 340 ticks!
Looking for a weak PB into the 4108/4115 area for SHORTS
EQUITY RISK OFF!
Concentrating in EU land so won’t be present into the open. Will try and update.
15.22 Delayed update***
Took a few early losers shorting off the open below yesterday’s spike base 97 and looking for a hold below 4100 and then tried again at 4108. Then I took a decent trade at my second scheduled area and covered my losses and then some.
- SHORT 4117 and 4114 but now flat scaled out 4104 and 94 but flat residual PB through 4100 scaled out saved me!
- 2-way price actions give me less conviction about my trade idea. And big clues and what can we take from this open was that there was a clear reaction from shorts and sellers way price actionPrice action More not the best sign for a bigger trend move so I will wait for more info.
- PB to the prior week settle to just above 4111 was nasty for anyone short.
- This market is not yet ready for the move I have in mind and this was maybe too obvious.
STAY READY stay alert. This will happen in the meantime Balance rules apply.
I am calling it a day ECB gave us some low hanging fruit in bonds and later equities into the open, POST open just a chop fest! Stay away unless you love to scalp.
TOP TIP: Just take your stops onOvernight Session More the chin another trade will come along, I took multiple (3) stops getting one winner but my winner today soaked up all the losses and then some. I stayed calm and traded the next opportunity as planned. Staying focused and resolute in my process.
Trade well and Prosper 🙂

OK, I CAME BACK well I never left the desk actually just got tired of talking onOvernight Session More youtube.
1500 CT The 8-day balance was finally broken and it happened in the least obvious way. My trade plan from the open was clear but I took multiple stops before the real opportunity came. Well after everyone had given up.

The price actionPrice action More of the open was choppy. See the last tweet for an even better entry into this trade which I missed. Ultimately the thinking behind the final attempt was the failure of the market to exit from the IB HIGHThe highest value that is printed from the opening 1 hour of... More a key reference point.
The sellers were patient as they had been the whole week. Soaking up buyers. The outcome of my trade is an outlier this was a massive trade but I never knew that from the start all I knew was I had a fixed stop onOvernight Session More onside and unlimited upside.
All I had to do was let it play out! Chin up and keep studying your mistakes if you missed this one so you can catch the next one. Bragging about winners gets you nowhere and does not improve your process.
If you want to see me take multiple losses only to recover them with full live commentary and in today’s live youtube video. Please like and subscribe it feels like I m talking to myself onOvernight Session More YouTube:)
#ES_F #spy #trading #DayTrading #improvement #journalthejourney #journal #besttradeever
Originally tweeted by The Balanced Trader (@Trading_Balance) onOvernight Session More June 9, 2022.
Quote Of the Day
“The hard work in trading comes in the preparation.”–No Idea
Trade Well And Prosper.
BT