My daily bias was bullish as it looked to me that we would sweep the previous weeks high. I went long then got stopped out and held my position for a loss which I should of cut and re-examined, I also got a bit greedy and hopeful. Market went red and bearish so I scalped a quick impulse sell off and exited appropriately to make up for my drawback days, also didn't...
Following from my drawback this week on having incorrect bias and entry, I decided to let the trade come to me and it planned out. My bias going into the day post news yesterday was bullish , given the PDL / PDH and the weekly high with the PDI ( Previous day interest) levels. I waited for a long impulsive green candle to form as a FVG and wait for price to return...
I did not mark out my day correctly, my bias was originally bearish as the market looked to close on the FVG below the PDL as marked. Market open traded down to the PDL /FVG and used it as a new support. I marked out the above liquidity just in case however I did not act upon what the market provided. Next time I will mark my trading day out like the below and see...
Looked bearish after the middle green candle 10:15 couldn't push past the 9:00 open bear candle before the drawback (BSL) . The EMA's and the weakening of new highs gave me confluence that the internal SSL would be swept along with the 9:45 close SSL. Quick trade however should of waited for the imbalance to be filled ( double 1 m FVG) below the SSL and then...
Post FOMC news was good for markets. Used an ORB strategy this morning on the 5 min candle at 8:05, my daily bias was bullish and I wanted to see the BSL taken out in order to break out of the range that DAX has been trading in for the past week or so. I believed that when the BSL was sweeped, we would look for new highs triggered from FEB22 BSL. I got got stopped...
