External Range Liquidity Run
Updated
Bias: downgrade from Bull to Neutral.
Positioning: Looking for entries to short.
15m fractal: So I began a short position in the form of long puts after trading back into Premium and making a run on internal buyside liquidity. Currently up 30% so may cover this position if we do not see displacement below 4100.
60min fractal: An idea here would be to long the BISI at 4100-4090. Dial in the entry on a BoS on a smaller time frame such as the 15m to get long and ride into the PDoL and then pivot the position short.
Daily/Weekly: Just ran some relative equal highs. Currently trading at a premium as notated "D/W EQ". Will add size for a mean reversion play if market trades into and purges external range liquidity.
Levels: I am using the impulse from the large sell side imbalance (4432 to 4303) as a premium draw on liquidity. 4320 is the prior Point of Control before the impulse down so some supply should be present there. 4350 should be the optimal trade entry.
Positioning: Looking for entries to short.
15m fractal: So I began a short position in the form of long puts after trading back into Premium and making a run on internal buyside liquidity. Currently up 30% so may cover this position if we do not see displacement below 4100.
60min fractal: An idea here would be to long the BISI at 4100-4090. Dial in the entry on a BoS on a smaller time frame such as the 15m to get long and ride into the PDoL and then pivot the position short.
Daily/Weekly: Just ran some relative equal highs. Currently trading at a premium as notated "D/W EQ". Will add size for a mean reversion play if market trades into and purges external range liquidity.
Levels: I am using the impulse from the large sell side imbalance (4432 to 4303) as a premium draw on liquidity. 4320 is the prior Point of Control before the impulse down so some supply should be present there. 4350 should be the optimal trade entry.
Note
Just liquidated 70% of long portfolio today. Mindful of rejection risk here.Note
This would be an ideal scenario to begin loading puts 4+ months out for retracement.
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