Bearish on NAS. Monthly FVG below is what I am seeing as the current draw on liquidity. after that gets tapped price may either want to push into it, or reverse and take out some of the recent highs.
Nota
In a short from the 2H FVG.
Nota
moving well. need to see price trade to and through the weekly open.
Nota
weve traded to the weekly open, looking to see it trade through.
Nota
slow grind but still in it.
Nota
forward testing an add on nas after nyse open
Nota
forward testing the add here going off the 4H chart. considering using the 4H chart primarily for trade ideas and only going to lower timeframes once we are in 4H POIs to avoid getting whiplashed around as I have more recently
Nota
the added forward test position could have been taken from 50% of the OB with the same stoploss for a better R/R while maintaining the same criteria for invalidation.
Nota
4H OB holding nicely. I will be working off the 4H more often moving forward.
Nota
Nota
Approaching TP1, glad to have gotten some movement ahead of FOMC mins at 2PM.
Nota
TP1 hit.
Nota
great TP selection as price is reacting as expected off of it. lets see if it dips once more for TP 2.
Nota
stoploss moved to above the PM session high.
Nota
gave it room. I dont think the dip is done.
Nota
Sl moved back to what should be the PM session high
Nota
What thoughts go through your mind as price approaches but has not hit your TP?
"Should I close now? what if it runs away from me? should I move my TP to get more profit? Im kind of hungry should I order takeout?"
Journal these thoughts and come up with an approach. There is nothing wrong with closing your position early so long as you are making that decision in logic and not out of fear.
Trade fechado: objetivo atingido
TP 2 hit, trade collapsed.
Nota
Trade breakdown
Nota
looking to buy
Nota
Tapped in. TP levels set lets see how she fares.
Trade fechado: stop atingido
did not hold. I still like longs so lets see.
Nota
We are in extreme HTF discount here in the Weekly FVG. I will take one more shot from this level, which is a 1:1 mirror of the price traded above the weekly open, inside the 4H BPR.
Nota
tapped in. Same TPs as before for now.
Nota
encouraging initial reaction, but we need to get above the recent high to be safe and it's still a ways away.
Nota
going break even.
Nota
Can you see it yet?
Nota
giving it back full stoploss.
Nota
damn its not looking good brev. buy was premature.
Nota
Stopped out and one last try. IDK mayne everything is telling me we go up. its the end of the week, sellside chasing should be over.
Nota
Nota
Was wrong on NAS as price did not seem to have any interest in chasing buyside the second half of the week. I still think we are in discount and buys are attractive, but the market structure has not yet changed to support this.
Nota
one last buy attempt for the week.
May god have mercy upon me. 😂
Nota
No funny business Friday's. SL below the low after a validated 15min OB
Nota
still in this, had to give SL some breathing room as it looks like a search and destroy liq clearing played out.
Nota
notice how no bodies close below the OB, only wicks. This is crazy messy trading.
Nota
finally getting some encouraging market structure. its about to be noon on friday in an hour, might not get the sort of expansion I was hoping for. Will re-evaluate TP levels.
Nota
TP levels reduced.
Nota
TP reduced again, not getting near the expansion I had wanted earlier.
Nota
taking first profit at london high.
Nota
crazy scenes. TP is never guaranteed.
Nota
TP2 hit, what a battle this one was ffs.
Nota
glad with the TP selection here. look at the reaction both times. Done for the week for obvious reasons.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.