All right. We, uh, live got to turn off the phone here, so we don't get interrupted. Are you doing friends or any hair? And it is Monday the start of a new week and we love Mondays. I know. I always say that we love Mondays. One of the few people that probably loves the most. Because Monday means the start of another zero DTE.
I'm sorry. I'm sorry. No, a not as there a DTE zero dash DTE trading week. And, um, well, so far the trade that we have on is kind of a, nothing. And it wasn't one of the full implementations of our strategy when we don't have a full implementation of our strategy. In other words, we don't exercise all four steps of the process, which include analyzing a catalyst so that we can determine market direction, then market structure through volume profile.
Then modeling an asymmetric trade around those first two steps and then managing our profits. When we are missing out on the first part, then we have to do some mental gymnastics and come up with something that is probable and without the benefit of a catalyst. Now that would mean that. Perhaps we are doing just a technical trade and I don't want to confuse that with technical analysis, but based on our market structure analysis and where price is and whether or not it is trending a nod or consolidating, whereas price likely to go.
And what happened was over night and starting from. Friday. We had been in a pretty good trending move off of the bottom, where we took a, what I call a buy the dip trade, and that trade is, is still on and still successful. And we trended up for about four or five days over the weekend. Starting last night, it looked like we were going to continue that trade.
Sunday night when the futures open market started to move up, that trade became a much more valuable than it was the previous days. And so the expectation was that the following day we would continue this trend. So I'd go to sleep, wake up the next day and lo and behold. After the European market opened and for no particular reason that I could tell maybe a little bit of strife in the world, concern over China and the, um, ever grind, a project or COVID or budgetary concerns, whether or not we're going to fund the government and have a shutdown or not, which is, oh, you know, it's a normal seasonal type of thing.
Maybe. That all that combined caused the market to pull back a little bit, not a lot, maybe half a percent or so, but it appears to have stalled that trend that continued. And so here we are in the morning with a, I would say really no significant economic reports coming out. None that would. Really upset the market or charge it or anything like that.
And, and fed governors were out in force, you know, giving their, their daily speeches and hoping, hopefully bolstering their narrative, but really just a basic Monday. There's a five-year auction today that did not come into any prominence. So what do you do in the morning on a trade like that? We look and fall back on the structural analysis of the market and see where we are in terms of where we were coming from, because in the absence of any kind of catalyst, then I typically go with the trend and the trend was up, but it had pulled back.
So now we're in a pull back situation and we're pulling back right to a volume node. And on that volume node, there is really good. So the natural inclination there is, well, pullbacks are one of the few technical trades that you can take that have very high probability and in the context of volume profile, coming back to and landing in a, in a node being above that node in a breakout mode.
And then coming back into that node is usually also a good pattern. Indicative of further move up. So it's basically a trend pull back, going back up. And so on that basis, we come up with a trade. Now this again is not the full implementation. We don't have the full confidence of this. So we call this, we call this a suggested trade.
And so in the suggested trade, we decided that, okay, Well pick a point that's above maybe to the next volume node. We name our volume nodes with a T for target, and then I will number them T zero T1 T2, T N. And that numbering scheme really is the. The order or the likelihood that price will move to that next target.