Tuesday, March 15, 2022

Open

Day

Trades

  1. Yellow line: There is a 5:30 news spike, and the base can be used for our reversal target on the open. 1 min opens up and immediately makes a short signal with a bearish 7J, and then we can short to the base of the 5:30 spike.
  2. After breaking that low, we may or may not take the long here on the 5m 34. The 5m does not give a good enough candle, but it does 7J and we can see the market is obviously very bullish pre-open (15 and 1H). If not taking the long, we look for the orange circle.
  3. Orange circle: 1m recovers off 34 to fall back on trend, and here we can hold for some time. Standard.
  4. Purple circle: After exiting, there is not much else the rest of the day. 5m comes below 0 for its first down wave late in the morning, and this coincides with the 15m 21. The 5m candle is non-sig, and so this move is optional, but still quite profitable.

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