On my last spx trade idea post I said I waas looking for price to break from this consolidation to then look for bullish opportunity. I am seeing a 5m ob that could give that break. There's liquidity above the OB making it a valid entry for me
I'm still bullish on this pair. But I do see a sell set up. The trade could either go my way and hit the bullish order block or I could get stopped out because I was just liquidity in the scenario.
Currently editing the watchlist for the new week. I usually make the new list before backtesting. But spx has been respecting the OB's from the higher time frames. I did spot a 4hr OB, Of course I refined it down. I do wanna see spx break to the upside leaving an OB to clear from the consolidation. From there I'm hoping it comes up to the OB where I'll be looking...
Another set up, just waiting on the confirmed flip for the entry. Rinse and repeat.
I'm currently looking at confirmation entries now since its Friday. A nice set up with an A1 RR. Liquidity built up nicely above the entry point. We'll see, a buy limit was set. ..
So I removed the original sell limit because of the news I seen on Forex Factory while watching the warriors game. And if there's any Boston fans in here, sorry not sorry lmao maybe next year buddy. ANYWAYS, I still ended up breaking even on this trade after seeing a higher OB.
Woke up to both entries hitting my target. These wins definitely turned things around for me this week. Ending in beautiful profits.
Aaaand we are currently running in profit. Of course I'll be looking to break even to get rid of emotions and let it run risk free. we'll see how this plays out. The OB above was even invalid confirming the change in direction for me.
Last set up for the day. Rinse and repeat. A clean BOS with liquidity right above. We'll see how these set ups play out.
My alarm just hit lol but a perfect buy set up. Price came back into the zone after false breaking. There could've been a bunch of sell order that were stopped out. So i'll be looking to enter off the OB for a long buy.
Another nice set up with a clean RR. If liquidity builds up more than I'll take the aggresive buy if not I'll wait on a flip confirmation. Worst part about that is it might not happen and sky rocket after touching the OB.
So guess who finally paid for the pro? This guuyy ctfu But a nice UJ set up with a clean RR. Liquidity built up right under the OB too.
Currently still waiting on NzdUsd to come to the OB. Seems like price could take off without tapping me in. We'll see, a sell limit is set.
weelp, Lost to another 5m OB :') Not that great but not that bad of a week. I'll definitely be backtesting all weekend. BUT I got the direction right so cheers.
After EU respected a level and changed character I went for the buy. Currently running risk free!
Broooo. I knew I should've stood with the 5m OB lol not only did price stop me out before dropping but it missed the 2nd sell limit. I love trading
I didn't set a sell limit but I did still enter but just a bit late. I'm in profit so far so we'll see!
UJ was running bullish for a while now until price changed character. Not only did it give us a nice BOS but it left liquidity to fuel the trade. There's still impulses below so we'll see if this is where UJ starts to drop.