Monday, October 3, 2022

Open

Day

Trades

  1. Yellow circle: 1m opens up downward and reverses without a sig-candle, off the 5m 34. We miss this bottom most likely, and get a pullback to the 34 shortly after it’s making its way above 0. This pullback reversal candle is not significant nor ideal, but it’s a long tail doji and works fine here.
  2. Orange circle: 1m bullish engulf off 34. Standard.
  3. Blue circle: 5m peters off and then pulls back to the 34, making a doji and bullish engulf. It seems like it’s about 40 point range to the low, so this is a bit expensive, and has no sig-candle on 1m at the lows. But it is the best remaining entry for the day.
  4. Purple circle: 1m coming off the 34 for the first time after the previous wave at 10:00. No sig-candles or 7J, either take it off trust (not necessary) for 80 points or miss this one.

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