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.
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In a short from the 2H FVG.
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moving well. need to see price trade to and through the weekly open.
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weve traded to the weekly open, looking to see it trade through.
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slow grind but still in it.
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forward testing an add on nas after nyse open
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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
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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.
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4H OB holding nicely. I will be working off the 4H more often moving forward.
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Approaching TP1, glad to have gotten some movement ahead of FOMC mins at 2PM.
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TP1 hit.
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great TP selection as price is reacting as expected off of it. lets see if it dips once more for TP 2.
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stoploss moved to above the PM session high.
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gave it room. I dont think the dip is done.
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Sl moved back to what should be the PM session high
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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.
Đóng lệnh: đạt mục tiêu
TP 2 hit, trade collapsed.
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Trade breakdown
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looking to buy
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Tapped in. TP levels set lets see how she fares.
Đóng lệnh: dừng lỗ
did not hold. I still like longs so lets see.
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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.
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tapped in. Same TPs as before for now.
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encouraging initial reaction, but we need to get above the recent high to be safe and it's still a ways away.
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going break even.
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Can you see it yet?
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giving it back full stoploss.
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damn its not looking good brev. buy was premature.
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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.
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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.
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one last buy attempt for the week.
May god have mercy upon me. 😂
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No funny business Friday's. SL below the low after a validated 15min OB
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still in this, had to give SL some breathing room as it looks like a search and destroy liq clearing played out.
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notice how no bodies close below the OB, only wicks. This is crazy messy trading.
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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.
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TP levels reduced.
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TP reduced again, not getting near the expansion I had wanted earlier.
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taking first profit at london high.
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crazy scenes. TP is never guaranteed.
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TP2 hit, what a battle this one was ffs.
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glad with the TP selection here. look at the reaction both times. Done for the week for obvious reasons.
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