A key to trading consistency is to do consistent things in consistent contexts.
We define context using “Auction Postures”
Even if you are trading in an “intraday” timeframe, it’s wise to know the posture of the auction.
To find the posture of the auction, locate 3 variables: Last price, most traded price of last 5 sessions, most traded price of last 20 sessions.
There are 9 classical relationships of these variables (with few exceptions).
