What's Good TradingViewers,
I Hope you're all having a wonderful trading day full of pips and blue numbers only.
Today i just decided to share some results from a trade i took at NYSE Open (15HR30PM GMT+2). Maybe you might take something very valuable from this. Do let me know in the comment section if there's anything you've picked up!
So what happenned?
I started my analysis @14HR30 then waited for the opening bell or rather any last minutes changes before the opening bell. I then marked up my swings using a fibonacci so i can spot some good entry and reversal levels. From a higher timeframe of H4 I was able to spot a reversal pattern(A double top) so on the lower timeframes i waited for a possible retest and a candlestick pattern allowing me to place a trade. I Shifted down to M15 then i saw price made a retest and we're at a resistance in a corrective move also. So that gave me more reasons to sell.
At 15HR29PM, a spinning top was issued so i took my risk and entered for a sell. I went for a 35pips stop loss and a 105pips TP. From there i just chilled and let it run, then i started managing it as it went more deeper into profits. As soon as it passed 1:1 Risk/Reward i shifted my SL to zero and let it run once again. TP Got hit!
I Hope you're all having a wonderful trading day full of pips and blue numbers only.
Today i just decided to share some results from a trade i took at NYSE Open (15HR30PM GMT+2). Maybe you might take something very valuable from this. Do let me know in the comment section if there's anything you've picked up!
So what happenned?
I started my analysis @14HR30 then waited for the opening bell or rather any last minutes changes before the opening bell. I then marked up my swings using a fibonacci so i can spot some good entry and reversal levels. From a higher timeframe of H4 I was able to spot a reversal pattern(A double top) so on the lower timeframes i waited for a possible retest and a candlestick pattern allowing me to place a trade. I Shifted down to M15 then i saw price made a retest and we're at a resistance in a corrective move also. So that gave me more reasons to sell.
At 15HR29PM, a spinning top was issued so i took my risk and entered for a sell. I went for a 35pips stop loss and a 105pips TP. From there i just chilled and let it run, then i started managing it as it went more deeper into profits. As soon as it passed 1:1 Risk/Reward i shifted my SL to zero and let it run once again. TP Got hit!