Passe — pas de trade

STATE shows 4 consecutive losses on this day book — after three consecutive losses I must pass this tick regardless of setup. Independently, there is no valid trigger anyway: the gate fired on a 5m wick-and-close at dPOC, but a 5m close is never itself the trigger, and the most recent 15m candle CLOSED DOWN through the developing POC with no reclaim. Price is sitting mid-value at fair value (dPOC/VWAP) in a choppy tape — a poor location with flat 5m delta.