Range bound trade of Nasdaq on 1H(Trading TF 5m)

27 янв. 2021 г.

My trading idea is based on 1H chart. The 2 defense line is the two most-likely level that buyers come in to reverse the short-term downtrend.

The trading time frame is 5m when we look for reversal pattern, e.g. bullish engulfing, breaking downtrend line, taking out nearest control high.

FOMC will release its statement on 3 am in the morning time. As usual, huge volatility will be expected then. Be careful. Close your position before the announcement to avoid being stopped out.

27 янв. 2021 г.

Заметка

The first defense line failed. Now, it seems that price got some buyers attention on the 2nd defense line. Wait until we see something real.

27 янв. 2021 г.

Заметка

weird. Where is my post on the 1 minute chart? I updated about a couple of min ago to trigger the trade.

27 янв. 2021 г.

Заметка

This is what I previous posted. This is 1 min chart. quite clear

28 янв. 2021 г.

Заметка

Obviously, by looking backward, I identified two trades. It happened when I was sleeping. So, they're not real trades, however, we can still learn from this. Good setups just repeated themselves again and again.

28 янв. 2021 г.

Сделка закрыта вручную

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