Thursday, May 5, 2022
Open Day Trades Yellow circle: We open with a straight down move as expected off of yesterday’s FOMC. 1m does not provide any entries for a very long time, until
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Open Day Trades Yellow circle: We open with a straight down move as expected off of yesterday’s FOMC. 1m does not provide any entries for a very long time, until
Open Day Trades Before getting into trades, note the channel this time. We get two clear bottoms established early on, and can use these to create the channel on the
Open Day Trades Yellow circle: Market opens with a 1m bullish wave, and it stalls and pulls back momentarily, to dip back below 0 just slightly. This dip gets a
Open Day Trades Yellow circle: The market opens with a 1m pop up and bearish gravestone non-sig 7J. We can short this initially, off the 5m 34, but it is
Open Day Trades Yellow circle: The market opens up bullish on a 1m wave, and simply runs up for about 200 points without a proper entry. We can miss this,
Open Day Trades Yellow circle: The market opens today with a massive bearish trend going through the recent daily lows prior to the most recent daily up wave. It is
Open Day Trades Yellow circle: Market opens bullish on 1m, but bearish on 5m. 1m runs up and immediately makes a strong bearish harami big body 7J candle. This puts
Open Day Trades Yellow circle: This trade is poor in terms of candle quality, but the market is so weak pre-open, that we simply don’t get another chance if we
Open Day Trades Yellow circle: Before the open, 5m MACD is pulling up for what looks to be an attempt at an upwave. The 1m makes a strong bearish harami
Open Day Trades Yellow circle: This day had a huge 5:30 news spike upward, which set up the entire day’s reversal afterward. 1m popped up at the open to get