Friday, September 23, 2022

Open

Day

Trades

  1. Yellow circle: 1m shallow wave coming off fake 34 rejection on 5m. 5m is stalling, not moving for over an hour, and we get a burst to new high off the fake rejection. Standard.
  2. Orange circle: On the way down, 1m EMA stacks and we get this bearish engulfing/congested area on 1m. This is optional because the candle signal is not great, but we have been seeing this work really well so it’s worth taking here.
  3. Purple circle: 5m comes off 34 again with no real setup on 1m, and no 5m wave yet, so we skip the 5m entry. However, we get a test on the 21 with a proper 1m shallow wave and bearish hanging man harami non-7J, which is a better entry. This takes us down for about 100 points.

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