RMBS - Sep 24 Opening Sustainable Momentum
Updated
- Down trend continuation after pull back
- Lower highs
- Price opened with momentum and closed below support
- RUT and SPX had a broad market drop that ignited this move
Opening Sustainable Momentum 🚀
Strategy
Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Stock Pool
Shortlisted Mid to Small cap Tech stocks that have clear D1 and H2 price movement (Not choppy). Historically has shown price movements aligned to high impact moves in on the RUT index.
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
- Lower highs
- Price opened with momentum and closed below support
- RUT and SPX had a broad market drop that ignited this move
Opening Sustainable Momentum 🚀
Strategy
Signals identify market opening H2 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure (Price gaps and ADR %).
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Current SL is at 0.25Fib
Stock Pool
Shortlisted Mid to Small cap Tech stocks that have clear D1 and H2 price movement (Not choppy). Historically has shown price movements aligned to high impact moves in on the RUT index.
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclined towards with a minimum Risk & Reward of 2R.
Stock must be in a pull back or consolidation area waiting for a broad market momentum to ignite it forward.
Character
Trend, Positive Skew
Trade closed manually
Trade exit 1/2 11 Sep closed 50%
- Tomorrow is the CPI report and that should result in an increase in volatility as such we took these measures to lock profit and still let the trade run
- The weird price resistance continues.
- Close 50% at 1.30AM, look to reenter tomorrow when opportunity arises
- We close partial to lock profit and let the trade run, our SL is also at the previous day high
Trade closed manually
Trade exit 2/2 12 Sep closed 50%
- Price broke key structure point signalling a potential reversal of the current bear trend structure
Full trade captured 1.5R
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