Important YM level test coming upNot a grade A setup, but potential momentum BO trade opportunity.
Update tomorrow.
Structuredtrader
Ideal trades series; G/J D1 SR break + close (2/2)Here's the setup on the H1.
Apply this to any time frame. If you're using important levels and trading at the right times, most healthy breakouts involve some version of this shape. Strong, confirmed breakout with a clear close past the level, a weak but steady pullback to the level, and then an immediate fail at support-turned-resistance.
Ideal trades series; G/J D1 SR break + close (1/2)This is the type of context shift we're looking for. The breakout bar shifts us from analysis mode to trade hunting....looking for lower time frame, healthy PBSR to risk off a level retest.
See comment for H1 ideal entry.
(These are not trades I took, I'm just building a solid study library and I suggest you do the same).
CL breakdown continues powerfully, big Daily levels in sight nowUpdate to a previous post I made about the CL level breakdown.
Bias remains short until proven otherwise. Flat, no clear entries for me until tomorrow morning when we look at premarket price action and range.
Yesterday's trade posted to twitter. 11.25R despite mismanaging the hell out of it.
It's imperative you learn to take wholesale entries, understand context, and know when to pull the trigger and when to HAPPILY stand aside.
AUDJPY developing context shortContext doesn't mean blind entries.
Primary level has been attacked and seemingly pushed past. I'm looking for weak pullbacks on the H1 for entries short.
Trade idea is invalidated if price pokes back up over the level.
level attack without buildup, the recipe for a trapWhen you have your eyes consistently at the same important levels (preferably horizontal ones), you'll quickly see the difference between a buildup that creates a powerful breakout vs a breakout fail / trap.
Naked run ups like this can be scary to get in front of, and it's not a straightforward entry, especially if you're executing on the H1. But this is why you should be building libraries of similar setups. If price knifes through that level and shoots straight up, its likely because of some really spectacular news catalyst. But in NORMAL market conditions, this is a great trap patter to study.
I think I recently shared a chart showing consistent buildup ahead of a level on the NQ. Several turns, wedging, etc BEFORE the level's probed. That's power, like a coiling snake. But no coiling here.
Think about the psych of the traders involved here.
The Bulls who bought down low are happy and probably looking for an excuse to cover. Smart longs are covering at least part of their position here (sell orders).
Some late FOMO Bulls are looking to get in and will try and buy on a probe past highs. Big money isn't doing this.
Bears are entering and keep pushing price back under the level (check out the 15m). With each bar, more Bears are selling.
IF price pokes back up above highs, that's usually where Bears will tap out and the BO will be safe. This actually momentarily happens on the 15m, but it ends up turning into a second Bull trap.
From the same perspective, once we've got that wedge, a push below the wedge spells the end of the Bulls. When it happens, there's no fail of a fail....Bulls pull out, and price crushes back into the big range.
