ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "Value established higher! "
Episode Synopsis
Discuss overall market structure referencing previous week & possible future scenarios.
We traded and established value higher than previous week. This is a good sign that we have interest in going higher. We closed in weekly value so we may see some rotation action on Monday, since we are in value we can see where the market really wants to go referencing the PVAH & PVAL which are 4540 and 4460. We attempt to transact in the low volume area in 4440s and it got bought up instantly showing great defense from the buyers. 4680 is the BTF fair value so I believe we head there as long as 4540 get broken through, if 4460 gets broken down then I believe we head to 4380. Other than those two scenarios I believe we rotate those levels.
Discuss playbooks and anything learned throughout the week
I want to stop trading after the first 30 minutes of the market. things get slow after that and transactions start to thicken which leads to misunderstandings. I had a bad week, some key points were confusing and led to repeated losses, I really want to narrow down my losses and prevent receiving them a lot that's why I’m cutting my trading window. I saw some aggressive action as well that kept getting revisited as well this shows responsive action on the big time frame and shows sign of a reversal.
We traded and established value higher than previous week. This is a good sign that we have interest in going higher. We closed in weekly value so we may see some rotation action on Monday, since we are in value we can see where the market really wants to go referencing the PVAH & PVAL which are 4540 and 4460. We attempt to transact in the low volume area in 4440s and it got bought up instantly showing great defense from the buyers. 4680 is the BTF fair value so I believe we head there as long as 4540 get broken through, if 4460 gets broken down then I believe we head to 4380. Other than those two scenarios I believe we rotate those levels.
Discuss playbooks and anything learned throughout the week
I want to stop trading after the first 30 minutes of the market. things get slow after that and transactions start to thicken which leads to misunderstandings. I had a bad week, some key points were confusing and led to repeated losses, I really want to narrow down my losses and prevent receiving them a lot that's why I’m cutting my trading window. I saw some aggressive action as well that kept getting revisited as well this shows responsive action on the big time frame and shows sign of a reversal.
More episodes of the podcast Trade With Meza
Price Discovery Mode!
24/01/2022
How to spot breakouts using Footprint.
17/01/2022
Looking forward to this gap being filled!
09/01/2022
In God we trust