Reflecting on Tuesday's Trading: Learning from Ups and Downs
Tuesday's trading session brought a mix of opportunities and challenges, offering valuable lessons for refining trading strategies and decision-making processes. Throughout the day, I leveraged a combination of hourly and one-minute charts to identify trends and capture volatility, but the day's events underscored the importance of adaptability and disciplined execution. Morning Volatility and Early Trades The day commenced with the release of CPI data, injecting volatility into the market. Utilizing the one-minute chart, I identified a buying opportunity off the 200MA, driven by its positive slope, alongside flat to slightly upward PPMs. However, as price stalled near the open's high target without significant momentum, I opted to secure profits at the resistance level, highlighting the need to assess market context alongside technical indicators. Navigating Momentum Shifts Following a downturn to 5120, where price and PPMs found support, I initiated a long position as all...