74
6/9 28520
6/10 28557
7/17 28554

NY is probing not liquidating
NY is respecting London's sell-side sweep
NY is in absorption-verification mode

Trade the Sequence 15s bars

IF sweep THEN reclaim
IF reclaim THEN hinge
IF hinge THEN break
IF break THEN trade setup is valid

Entry: buy pullback to the lip

Bears flip the script

The Atomic Logic Chain (IF-THEN)

Correct Mechanics + Correct Structure + Correct Logic = Correct Trade
Anmerkung
Daily VPOCS:
28396
28177
27675
Anmerkung
OHM Scenario-1 BTO Hinge

1. Sweep 9.40.00 L 28457
2. Reclaim 9.39.30 C 461
3. Apex Shelf 9.39.30 C 461, 9.39.45 c 463.50
4. Lip Shelf 9.40.00 c 497.25, 9.40.15 c 494.50
5. Lip 9.40.30 h 506.00
6. Break 9.41.00 c 506.25
Lip to high at 11.05 ET = 390 points

NOTE: Had you used the suggested 50-point stop you would have been stopped out.
IF you trade more conservatively THEN trade OHM Scenario-2 Low-Tier BTO.

Delighted to hear that one person grabbed 330 points on this trade.
Anmerkung
OHM Scenario-2 Low-Tier BTO Hinge

1. Sweep 9.44.00 L 408.25
2. Reclaim 9.44.15 c 435.5
3. Apex Shelf 9.44.15 c 435.5, 9.44.30 c 431.25
4. Lip Shelf 9.45.15 c 444.25, 9.45.30 c 457
5. Lip 9.45.30 h 462.25
6. Break 9.46.00
Lip to high @ 11.20 ET = 433.75 points
Anmerkung
On a macro-shock day following 7/16's volatility spiral and Centcom's bombing announcement which I think came ~ 14.00 ET 7/16, NY did not trust London's low, 28554.75.

NY went down to 28412.50 - just above a 5/4 daily VPOC, 29402.25.

This is a new controlling low and a new safe-haven shelf.
Anmerkung
Hinges built atop daily session VPOCS tend to lead to big gains.
It looks like the NY sweep low was 28408.25.
The 5/4 VPOC = 28402.25.
Anmerkung
Refresher for microstructure 15-second bar trading:

OHM Scenario-1 BTO Hinge - Four Requirements

1. Must have a sell-side sweep between 09.30.00 & 09.45.00 ET
*this sweep must be the hinge-producing sweep
*sweeps after 9.45.00 are Scenario-2
2. Must have a reclaim
*must close above sweep close
*must hold above sweep low
*without a reclaim the sweep is invalid
3. Must hinge (compress)
*must have an internal reclaim shelf i.e. the close of the reclaim bar
*Must have an apex shelf
*Must have a lip shelf
4. Must break the lip


Apex Shelf:

1. Reclaim bar close
2. And any subsequent bars that close above the sweep bar low
*scenario-1 hinge apex shelves often are formed by one or two 15s bars
*scenario-2 hinge apex shelves can be formed by one 15s bar. Often they have several 15s compression bars
*the minimum requirement is one 15s compression bar close above the sweep low


Lip Shelf:
1. First close above apex shelf
2. Any subsequent close(s) above apex shelf as long as they occur before the lip break.


A hinge can be two 15s bars. Especially Scenario-1 hinges.
Anmerkung
The first bar can be sweep, reclaim, apex shelf, lip shelf and lip all in one 15s bar. The only other requirement is a break bar. This happens frequently for OHM Scenario-1 BTO Hinges.

IF you are new to microstructure trading
THEN take your time and get it right.

These hinges form fast, and it takes repetition to see them clearly.
Precision requires that you first slow it down.
Speed comes later.

Get really good at drawing these.
And, as day follows night, you will get good at this.
You will be one of the best.

Early on, focus on accuracy, not speed.
NY hinges happen fast.
It takes time to read them cleanly.
Slow down, follow the structure, and let repetition build your timing.

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