Pre-9:45 PMI Trade – Executing the Sell and Managing In this trade, we executed a sell before the Flash PMI at 9:45 AM, following our setup and market analysis. We were in the trade and managed it until we were stopped out, at which point we stayed out of the market until after the PMI release.
Once the 10 AM candle opened, we observed price action closely, waiting for manipulation. Our focus was on potential higher wick manipulation before the actual distribution of the 10 AM candle. This setup provided us with the opportunity to get into the market once the manipulation played out.
Trade Overview:
Entry: Pre-9:45 PMI sell
Exit: Stopped out, then waited for the 10 AM candle manipulation
Bias: Watching for higher wick manipulation and potential distribution after PMI release.
