London close in NY open direction sell idea
מעודכן
So yesterday was a consolidation day, it took two stop losses of me but that is alright as long as you follow your rules according to your trading plan and risk management.
Yesterday evening I took another sell after around 20:00. This is because I had several confirmations for the sell trade idea:
- London close in NY open direction was bearish on the M5 view model;
- PA was not strong enough to create a higher high from my buy position which was weird so it decided to create more LQ on the downside;
- the sell gave a ORDERFLOW entry type;
- more on from today we can see price came into my POI. I had a pretty big SL because there were POI's available and I just wanted to get in with a 1:6 RR which I was happy about.
- Today price created more confirmations that I had the right trade as PA came into my POI and made more ORDERFLOW showing that supply is filling orders in the market so that we can push to the downside.
I will have to be careful for NFP news release as there is a lot of supply LQ, my entry might get taken out. Let's see if I can catch a move later today!
Yesterday evening I took another sell after around 20:00. This is because I had several confirmations for the sell trade idea:
- London close in NY open direction was bearish on the M5 view model;
- PA was not strong enough to create a higher high from my buy position which was weird so it decided to create more LQ on the downside;
- the sell gave a ORDERFLOW entry type;
- more on from today we can see price came into my POI. I had a pretty big SL because there were POI's available and I just wanted to get in with a 1:6 RR which I was happy about.
- Today price created more confirmations that I had the right trade as PA came into my POI and made more ORDERFLOW showing that supply is filling orders in the market so that we can push to the downside.
I will have to be careful for NFP news release as there is a lot of supply LQ, my entry might get taken out. Let's see if I can catch a move later today!
הערה
I have my confirmations for keeping this position open, let us see what happens at 14:30 NFP news release!עסקה סגורה: הגיע לסטופ
-0.25%; in profit for the week, it was a good trading week!הערה
הערה
after analyzing the week I can see what I did wrong on friday. understanding what happened with your pairs is crucial.
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