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“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
2. SIGNAL DAY
3. WEEKLY TEMPLATE
4. THESIS:
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
- Monday DAY 1 Opening Range
- Tuesday DAY 2 Initial Balance ✅
- Wednesday DAY 3 (reset DAY 1) Mid Point Week
- Thursday DAY 2
- Friday DAY 3 Closing Range
2. SIGNAL DAY
- First Red Day
- First Green Day
- 3 Days Long Breakout ✅
- 3 Days Short Breakout
- Inside Day
3. WEEKLY TEMPLATE
- Pump&Dump
- Dump&Pump ✅
- Frontside ✅
- Backside
4. THESIS:
- Long: primary, today is Tuesday day 2, typically the market expands the range, Asia place a higher high and dumped down, starting consolidating, there a possibility to see a high low range extension for 100% at leat of the range.
- Short: secondary, price anyway is at the current HOW, it could give a short scalp HOW to LOW if setup correctly
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Note
10:00am MRN CB Consumer Confidence10:01am go on with a trade setup if presented
Note
The market should dump down into the LOD or CP and consolidate for this setup to be still valid
Note
100% high low range reached, however, once again, US news at 10am, no trade position has been taken yet
Note
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
- Monday DAY 1 Opening Range
- Tuesday DAY 2 Initial Balance
- Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ Day 2 cycle
- Thursday DAY 2
- Friday DAY 3 Closing Range
2. SIGNAL DAY
- First Red Day ✅
- First Green Day
- 3 Days Long Breakout
- 3 Days Short Breakout
- Inside Day
3. WEEKLY TEMPLATE
- Pump&Dump ✅
- Dump&Pump
- Frontside
- Backside ✅
4. THESIS:
- Long: secondary, breakout pullback continuation on the previous HOW level. I wouldn't exclude a long setup if a buy low is presented.
- Short: primary, FRD signal, space still till the LOW, long traders still in profit, weekly pump and dump can be completed.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Note
I would be interested in shorting this market if the price keep consolidating at the current level HOD till the beginning of NY session
Note
Position placed on break even, scalping 25 pip till the LOW, pump and dump scenario
Note
9:30am equity opening, I will close the full position or half, if price doesn't drop quickly. LOD almost reached, creeping, not really parabolic, let's see how price behave!
Note
Not a big profit for the day, cut it and locked in some profit! still potential to reach LOW, but price action pretty slow
Note
Pump and dump completed! ✅ read my thesis for better understanding!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.