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feb 4 recap
in long bias situation, confluence could be at poc or val(or in-between)..identify risk,and don't miss the trade.Today, for the entry we messed up, price didn't actually reach dval, but risk was fine at dpoc entry…look for the confluence and identify acceptable risk..even trend line
Can you help answer these questions from other members on NexusFi?
feb 5 recap
after the inv report, cl made new lows.Look for the poc to be the line in the sand , even when it appears there is a change in direction.With that said, the longs we were looking at, were in the face of dval.Scalps only, as we are going vs the tide.Look for cl to test dval and poc, but be prepared to reverse to short.The 1 min will slow down 1st, then the 800 tick(still not sure that we are going to keep 800 tick)
Main thing, is...edge is there and risk is defined
EVEN WITH SPIKE UP AFTER INVENTORY, NEVER GOT NEAR OPEN
off the open, we had a pb that penetrated into london session, macd"average " supported this for long...it jumped right out of the box.!5min macd was raging...
Aup established, big red candle on 15/30 min, short at body of prev candle 15min on pb.Target should have been to orh on aup day.Entry was good, but poor management.I didnt see any entries long on the way up off the open cl retraced to rth50% from low to high to tick
some setups
Mismanaged cl long...exit was worh...30 ticks..i got shook out by 1min macd ropadope.%min struggled for a bit...but...15 min supported this long from cl open
just another nq entry....at the highs, 15min is finally done, 5min is ok, not great....look for an identifiable support...TL or support line...short underneath...dont sweat entries as long as risk is ok, and 1min mom is correct
fri 2/14
cl diverged on 5min at open at london highs.15min was no good, but we have to work on when and when not to use 15min.
The long off the lows, was again, a 5min divergence...15min macd was so far away anyway..snapback.A down at that point, so be careful.
nq and ym trades both taken...as of now, i basically have 2 setups that i like.
all sim
