11/13/23: 8:45am: #SPX setup: Still bearish for the day but we bounced off of the 4H+FVG and a 15m+OB during the over night sessions. This was similar on NAS and US30 but they both didn’t trade into their respective +FVG and only made it to the 15m+OBs. Price is moving up from the levels on the 4H chart and below but we are still negative for the day. Dollar has bounced off of a 4H+FVG and pushing up hard so we will need to keep an eye on Friday’s high being taken out.
11/13/23 11:40am: #SPX Sell Setup: I was patiently waiting on the 15m-FVG to give me an entry. At the time of recognizing the setup, Dollar and the Bonds were pushing up. I didn't check again after the first move away from the FVG. Once price traded back into the FVG I waited a bit between that time I never checked back to see that Dollar and the Bonds reversed and began to fall. I also did not wait for a candle stick confirmation to close and enter. I entered on in the middle of the 10:45a candle and there was no candle on the 15m on below that confirmed the entry. Took the L. Good thing was that I only used a 0.18% risk on the trade. So not a bad loss at all. A reminder to stick to my HTF bias which was for price to bounce off of the 4H+FVG to the upside to aim for the PWH, which it looks like as mentioned in the weekly review, the LTF would just be a move down to trade into the 4H+FVG. This happened on SPX and NAS on the LTF and now matching the HTF projections.
Entry: 4403.73
SL: 4410.56
Target:4386.94
Risk off: 4396.89
Adjusted SL: 4409.03 (only for FTMO, Live acc is at the original stop)
5m chart
15m chart
11/13/23 11:40am: #SPX Sell Setup: I was patiently waiting on the 15m-FVG to give me an entry. At the time of recognizing the setup, Dollar and the Bonds were pushing up. I didn't check again after the first move away from the FVG. Once price traded back into the FVG I waited a bit between that time I never checked back to see that Dollar and the Bonds reversed and began to fall. I also did not wait for a candle stick confirmation to close and enter. I entered on in the middle of the 10:45a candle and there was no candle on the 15m on below that confirmed the entry. Took the L. Good thing was that I only used a 0.18% risk on the trade. So not a bad loss at all. A reminder to stick to my HTF bias which was for price to bounce off of the 4H+FVG to the upside to aim for the PWH, which it looks like as mentioned in the weekly review, the LTF would just be a move down to trade into the 4H+FVG. This happened on SPX and NAS on the LTF and now matching the HTF projections.
Entry: 4403.73
SL: 4410.56
Target:4386.94
Risk off: 4396.89
Adjusted SL: 4409.03 (only for FTMO, Live acc is at the original stop)
5m chart
15m chart
