avigating Choppy Waters: Insights from Wednesday's Trading Session
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Wednesday's trading session brought its own set of challenges and opportunities, marked by a market that held its overnight gains but presented choppy conditions. This blog post explores the strategic decisions made during the day, highlighting the importance of reading PPMs and adjusting trading strategies based on market conditions. Choppy Morning: Seizing Opportunities in the Ups and Downs The day began with the market holding its overnight gains but drifting down to its S1 on the daily at 4944. Around 8:30, PPMs on both the 5-minute and hourly charts suggested a slight upward trend. Recognizing the importance of the S1 level, the first trade went long at 4944, with additional positions added just before the market opened at 4946. The decision to add was influenced by PPM 1 and 2 holding their positive slope and projecting a rise, while PPM 3 was above its derivatives. Scalping Strategies: Profiting Amidst Choppy Conditions Acknowledging the likelihood of choppiness, a scalping ...