SPX 10/5/22 Small LossTried to catch a possible continuation. But so far doesn't look like it's ready. Set a pending order at the top of the small 15m-FVG and went about 100 pips in profits.
Usually once I'm up 100 pips I'm trailing at that point or I'm reducing my initial stop loss. Most of my setups, if they are right, I'm good to go once I'm 100-200 pips in profits and I'll accept a BE or a small loss.
This scenario after taking the drawdown closer to the SL, I added onto the trade. In total, 5.2% loss on this one so nothing one, while only using risk based on 10% of my total account size.
#Longevity
Fvg
GBPUSD BUY TRADE IN the gbpusd price was in range of london session. On the open of london session we see a push to upside and price again come to the open of london session 1.1195 level taken as a support area aslo we see price has strong two supports to downside fair value gap and 61% fib level golden ratio/
What next?
If price break this trend line and short term high to the upside than we see newyork session bullish for gbpusd but if it failed to break this supply resistance than we see price drop to restest its today asian session low area.
SPX Loss 9-30-22 Too early SPX Loss 9-30-22 Too early
Today attempted buying and loss after jumping in too early with a tight SL. Only used about an 1/8th of my normal lot size so the loss is nothing major at all. Was looking for a move off of the 15m+FVG and it moved instead off of the 15m+OB. Wasn't being patient this morning with this setup and jumped in before the orders came through.
NAS orders didn't come in until the 9:45am candle and I entered the trade around the open ahead of the orders. A little more patience and I at least get to close at BE. So today was a missed trade on the drop and a small L. I'll take that!
SPX 9-30-22 News push missNews release dropped us but no clean entry until you get down to the 1m chart. Missed this drop but I'm okay with that. NAS is driving the charts today so far and not a lot of orders have come in on SPX so far. I'm going to sit on this for now until I see something heavy on the bid or ask before I do anything this morning.
SPX top down short 9/29/22So far we've rejected the weekly high and pushed down into the LTF points of interest. Going into the premarket and NY session I'll be looking for signs of rejection to return to the upside or a continuation of the overall trend.
Mostly favoring a neutral to bearish point of view on this but I don't mind reacting on movement to the upside for a buy if the level 2 data confirms it
SPX 9/28/22 BUY setup and FVG failure exampleToday took a trade based on the 4H setup as the 10am candle opened. Saw that we had a LTF FVG on the 15m (bearish) that failed and became short term bullish and got the entry on the 15m-FVG(H). Order flow confirmed entry to the upside. Buyers hit the bid price at the entry and followed through afterwards.
Stop loss in profits and partialed at target 2 so this is risk free. Target 3 is the 4H-FVG(H) and that where I'm aiming for another partial. I hope this has some legs to keep running.
Top Down 9/28/22So today I won’t be trading, I have physical therapy, but this is my 4H chart and this is what I’m looking for. I’m looking to see if we are going to trade above the daily into the FVG (Lemme see if you can spot it). If we do, I’ll look to try to take a sell from that area or at least look to get a response in that area. I won’t actively be able to reach out regarding any trade that is activated, so I hope that you guys take a vantage of the chart. I did post a video but it looks like it hasn’t loaded yet and I’m already away from home.
4H SPX
-FVG Example This candle creates the -FVG high. Use the low of this candle and extend out.
This candle breaks market structure to the downside in the form of an impulse candle, bearish engulfing.
The high of the candle following the engulfing candle sets the low of the -FVG and the candle should not trade back above through the candle high that created the lo.
You can look for setups at the -FVG high @3716.70, middle @3713.70 and low @3710.70.
SPX +FVG failure I'm usually looking for my trades between 7am-12pm. Initially was looking for a BUY but the sell setup took over and I needed to remind myself of what it looks like when a +FVG.
Bullish POI, where I would normally be looking for a BUY entry and target the last highs made.
Price traded through the Bullish POI, a +FVG, then we traded retested the lows of it and continued to fall from there.
SPX
No trades tomorrow!
SPX Sell 927/22 Good WinSmall Sell on SPX with a gain but nothing big
3708 entry
3716.50 SL
3691.90, 3680, 3673.70 targets
Since we're ranging I decided to sell the highs. we did make it to my first target which was basically the weekly opening price and I adjusted my SL into profit.
Price pushed back up to take today and yesterday's high out and ran back down to target 1 again. Added back on near my SL but already at BE with no complaints.
Second entry
SPX Top Down Analysis 9/27/22We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the trigger and just be more reactive today.
7:30am
USD
Fed Chair Powell Speaks
8:30am
USD
Core Durable Goods Orders m/m
0.3% 0.2%
USD
Durable Goods Orders m/m
0.1% -0.1%
9:00am
USD
HPI m/m
0.0% 0.1%
USD
S&P/CS Composite-20 HPI y/y
17.1% 18.6%
9:35am
GBP
MPC Member Pill Speaks
9:55am
USD
FOMC Member Bullard Speaks
10:00am
USD
CB Consumer Confidence
104.0 103.2
USD
New Home Sales
500K 511K
USD
Richmond Manufacturing Index
-10 -8
SPX 9/26/22 No new entries so far So far no new entries on anything today and I'll probably leave it that way. We have had a confirmed response to the +OB and the +FVG after opening up the week to the downside. That said, we are still heavy and holding within a range (3704.10-3657.90) for now.
10:00am
USD
FOMC Member Collins Speaks
4:00pm
USD
FOMC Member Mester Speaks
These two news events are going to likely drive us for the day so I'll likely hold on for those and look for a response to whatever POI we are near at those given times.
SPX
A quickish scalp on BitcoinShorting bitcoin for a quick trade. Market execution ONLY in case of a decent bounce / reaction.
Retracement off the golden pocket fib entering a fair value gap. Targets are value areas (a VWAP tap could also be a decent target).
If it didn't bounce off the golden pocket, then I will be watching for a reaction from the supply zone (in red above imbalance).
Use adequate position sizing and always trail ur stop.
SPX setup 9/23/22Looking for a retracement at this area for rejection and continuation.
No reason for us to move higher than this but if we do the A/S range left a FVG, an -OB, TDO, and the daily open as supply.
Going to be waiting for the times & sales to show the entry. The pass few days NAS has shown all the order flow except for the afternoon entry on SPX.
Projected low from daily fib level
End of the week so the risk will be reduced and no trades will be at a risk of more than 0.25% for the total of all trades entered.
SPX EOD day order flowWe got a sell off at the end of the day to close out today.
Just before the close, we had an order to the down side of over 70k between the daily open, the -FVG(L) price 3790, and a small -OB
At the level we saw definite follow through from that point on and near the daily lows at 3748.50
SPX neutral with a bias to the downsideAfter yesterday's drop that hit my 3770 target, we are holding near the weekly lows in discount. On the LTF the buying started in A/S sessions on through London session to take out some on the short term price imbalances.
Last POI was a reaction off of a -FVG that can be seen on the 15m and 1H charts. We will need to see if the fresh +FVG (not noted but its there on the same charts), the A/S session range, the DO, or the TDO holds up, else we continue down for the day. There's even a +OB at the 2:30 candle on the 15m, so I'll definitely be watching out for these +POIs.
The unemployment claim release at 8:30 is a good catalyst for a decision on the move today and that's where I'll be focused in on. The forecast is for higher claims and I am in agreement with that but I'll be patient in my bias.
Terms:
LTF: Lower Time Frame
POI: Point Of Interest
A/S: Asian Sydney session
-FVG: Bearish Fair Value Gap
+FVG: Bullish Fair Value Gap
DO: Daily Open
TDO: True Day Open
+OB:Bullish Order Block