Paper Trade 2
Long position
Asia session live.
odds: low is in for asia.
15m bias: long.
PA: price has just broken out of a range. considerable volume on the candle which closed not only above the breakout point, but the swing high, as well.
targeting liq above.
hoping for a short term retracement back into the range, perhaps around the 50% retracement level.
would be looking for longs down in that zone.
criteria:
- liq must be swept, with a strong close back above key support points.
- bullish market structure forms after liq swipe
- refine entry on 1m, or enter at 5m poi with sl at low.
watching order book for liquidity build up.
so far, no trade has been spotted.
perhaps all the accumulation has taken place and now its a straight zoom to the top, but imma wait for price to show its hands.
no need to rush a trade.
no setup, no trade.
Asia session live.
odds: low is in for asia.
15m bias: long.
PA: price has just broken out of a range. considerable volume on the candle which closed not only above the breakout point, but the swing high, as well.
targeting liq above.
hoping for a short term retracement back into the range, perhaps around the 50% retracement level.
would be looking for longs down in that zone.
criteria:
- liq must be swept, with a strong close back above key support points.
- bullish market structure forms after liq swipe
- refine entry on 1m, or enter at 5m poi with sl at low.
watching order book for liquidity build up.
so far, no trade has been spotted.
perhaps all the accumulation has taken place and now its a straight zoom to the top, but imma wait for price to show its hands.
no need to rush a trade.
no setup, no trade.
Order cancelled
idk if the idea is *completely* invalidated, but as of now, 2333 CST, price has hti 85.6k.
the hope is to find another long position.
the scenarios are the same: either price retraces and meets criteria under my system rules,
OR
we blast off and price moves too fast for me to enter.
perhaps i should start experimenting with different entry strategies.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.