Founder's Trading Journal Mid-Day Update – 6/7/2021 by AF Thornton Jul 7, 2021 0 Comment So far, all you had to do this morning is follow the Epilogue from yesterday. We had a textbook Breach and Retreat trade, weak internals, a test of the LT uptrend line, a test of yesterday’s VPOC, and a sell climax (almost tagging the ETH 5-day EMA and tagging the RTH 5-day line). The only question now is whether the market will get through and maintain the 50%, 62%, and 78% retracements, or roll over again. Draw your Fib retracements. We are testing the 21-period mean at the moment on the 5-minute. We may now have a trading range, which is the typical transition from a bull microchannel. Excellent trades again so far – 30 points per contract. My next update will come after the close, as I am wrapped up for the day and headed to a dinner. I will mark the trades I took, and the rest of the trades that I would have taken had I been here, after the close. A.F. Thornton
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AF Thornton Website: https://tradingarchimedes.com A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.