Friday, March 18, 2022

Open

Day

Trades

  1. A very stable uptrend makes up this entire morning. There are almost no trades besides going long and holding with the 1H.
  2. Off the rip, 1m comes off the 34 during a congested opening 30 minutes. This bearish hammer is not a sig-candle, but it is decent and the trend is strong because 5m came from below 0 pre-open. Note that when this happens, the 5 is not going to have really any pullback unless the 15m is weak for some reason.
  3. Orange circle: After this, there is nothing to do for hours. The orange circle is our first standard setup with a great 1m bullish candle during a down wave and coming off the 5m 21. This gently accelerates the trend but it is still very slow, and should just be left alone until EOD.

Leave a Reply

Your email address will not be published. Required fields are marked *