Possible Buy Trade on US100 / Nasdaq
Updated
This is my analysis trade for US100. Weekly is bullish all the way down to 4H for HTF direction.
I will not chase the price instead. I will wait for the pullback for the price to go to my buying zone
for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to buy again for another possible round of bullish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my buy zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the all time high price as well.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
I will not chase the price instead. I will wait for the pullback for the price to go to my buying zone
for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to buy again for another possible round of bullish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my buy zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the all time high price as well.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
Comment
I am adding a new buy zone since price did not retrace on my previous buy zone and price made a new higher high on 4H.
Comment
Now price is on my new 4H buy zone.
I will be watching closely on this as well for possible buy on 5M TF.
Comment
Now I've got a possible buy stop trade on NAS100
Trade active
Trade now active on 5M TF since buy stop order got triggered.
Comment
Price went down further. One loss on this buy trade with -1R.
BUT Now price is on my original buy zone as well on the 4H and 1H
And price reacted to this zone. So I will watch on today's New York session if this will make a new move up or down.
Need to see more action for me to know if this will continue lower or resume uptrend now.
Comment
Conditional Scenarios:
Same idea on what I have on US30.
If price goes up straight first on my sell zone, I will definitely sell first and target my original buy zone.
But if price stalls on the buy zone until New York session today, I will look for buying opportunity and target the all-time high.
Comment
Possible 5M buy trade entry now on this pair since price is on my original 4H buy zone area already.
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Changed possible buy stop order from 1:6 to 1:3. Since price is still not going up.
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Another modification to have from 1:3 to 1:5 this time. Getting ready for price to reverse and go up.
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Moved entry and SL again to have 1:7 now.
Trade active
And we got a trade now for 7R
Comment
Trailed my SL now to have small profits and be safe on this trade.
Trade closed: stop reached
Trailing stop 0.5R Profit only.
Comment
Another buy entry since price still on the buy zone after retracement.
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Trail stop now to reduce risk on this buy trade
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Better view
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Trailed to BE - Comment
Breakeven on this trade. What a bummer. US30 made a huge bullish move and I missed it but this pair just made a range all through NY session.
Comment
Good God!
After running on this trade and waiting the whole night. I just got stopped out of breakeven and now it went up without me on the trade anymore during extended trading session.
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