I trade Nasdaq intraday exclusively
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am.
At time of analysis I noted the following:
The early morning bulls had pushed up significantly.
This means that my bias would definitely be bullish and that I would look exclusively for a buy. Exclusively bullish because market broke the purple downtrend line and also the previous all-time high level.
I had a small runner open from yesterday’s position (runner = 10% of my original position size). I noted the weakness in the price action at C. and the 4H red doji candle close at 7am GMT, I thought market would retrace and maybe test the previous all-time high level (marked in green) before reaching to the top of the Day ascending triangle (at B.)
Unfortunately I closed my runner at C. and waited for a nice re-entry.
For my trading style, no re-entry signal was given….bulls just pushed straight up.
There was a small double bottom on the 15min TF, but I did not feel confident enough to enter a buy based on this alone.
Ideally I would have liked to keep my runner open to grab those extra 1000 pips. I closed my runner at about 2600 pips profit, which isn’t bad, but 3600 would have been better!
Weekend starts now!
Hope you caught the buy!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average
Trading in GMT time zone
Sharing my post day review & analysis in case it can help you :)
Did my analysis at +- 5:20am.
At time of analysis I noted the following:
The early morning bulls had pushed up significantly.
This means that my bias would definitely be bullish and that I would look exclusively for a buy. Exclusively bullish because market broke the purple downtrend line and also the previous all-time high level.
I had a small runner open from yesterday’s position (runner = 10% of my original position size). I noted the weakness in the price action at C. and the 4H red doji candle close at 7am GMT, I thought market would retrace and maybe test the previous all-time high level (marked in green) before reaching to the top of the Day ascending triangle (at B.)
Unfortunately I closed my runner at C. and waited for a nice re-entry.
For my trading style, no re-entry signal was given….bulls just pushed straight up.
There was a small double bottom on the 15min TF, but I did not feel confident enough to enter a buy based on this alone.
Ideally I would have liked to keep my runner open to grab those extra 1000 pips. I closed my runner at about 2600 pips profit, which isn’t bad, but 3600 would have been better!
Weekend starts now!
Hope you caught the buy!
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support and resistance
EMA = exponential moving average