US30 Scalper Sell

Updated

The Dow dipped early this morning retesting a area of support along a trendline. Momentum is down, money flow is red on bigger timeframes. Expecting a retrace to the early morning bottom.

Trade active

SELL trade at 34249.05

Trade active

Hedge in place: Buy Stop 34330

Trade active

Getting ready for a drop that leaves a gap to remove my hedge and put SL in profit.
TP 1 34223
TP 2 34146
TP 3 33993

Note

Hedge activated SL at 34332 for Buy Stop

Note

Sell Limit 34386 at Volume area high, good lesson to learn that I need patience to let price to come to me.

Note

Price is dropping prior to activating Sell Stop. Bearish divergence on the VuManChu Cipher B =+ Divergences indicator on the 1 minute time frame. Retesting new high, waiting for Sell stop or drop.

Note

Sell Stop Activated at 34386.05 (just above VAH)
In hedge with Sell at 34249. 05 and Buy at 34330.25 (SL 34332)

Remember: Do not close profit on the Buy, the hedge is to protect further losses.

Note

Sell at 34385.05 - move SL to profit 34383

Note

Second sell taken out at stop.

Note

Hedge reset Buy Stop 34330. Expecting resistance at original sell area.

Note

Moved hedge Buy Stop to 34345 to avoid trigger. And putting back at 34330 when feeling safe.

Note

Moved hedge Buy Stop to 34360. Pumping before it dumps (based on momemtum).

Note

Hedge activated and SL moved to 34361

Note

Hedge gone putting new hedge 34350

Note

Move Hedge to 34330

Note

Chart is testing the trendline now...breaking structure. Waiting for drop. Will move Buy Stop Hedge to 34300 when safe to do so. When Sell trade (34386.05) in profit. Delete Hedge Buy Stop and move SL into profit.

Note

Money flow on indicator mentioned above is now entering negative on the 1 min.

Note

Move Hegde to 34300 as price action retests my entry.

Note

Delete Hedge when Sell SL moved to 34240 in profit, after it drops below my entry and retests.

Note

Getting close to being able to move SL. Do be too early, wait for the drop or it will take you out. Buy Stop remains at 34330 just in case a pump. This is why you have to watch. So you can move SL appropriately or be stuck in a hedge.

Note

Was taken out too early so I got back in a Sell at 34245.85. SL at 34240. TP's listed above.

Note

Trailing SL at 34205 now, TP set at 34099

Note

Moved Sell SL to 34230

Note

Move Sl to 34240, want to stay in for drop if possible.

Note

Out of this trade, slight profit. Looking for new setup.

ravenforager

Also on:

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.