Long

NAS Outlook 8/6

Updated

NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term discount pricing.

From a macro perspective there is a weekly FVG above price that may be acting as a magnet for higher prices. This is added confluence to the expectation of bullish expansion.

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taking a buy here, price is at the extreme of the 2 week FVG. however this is a risk entry as there is no BMS in my direction just yet.

Trade closed: stop reached

stopped out. I still like buys, will see what's offered.

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one more buy attempt.

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TP selection

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going BE

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still holding. will see what NYSE does. Would prefer to have at least TP1 hit before CPI tomorrow.

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demo trading an add off the 1H FVG. not taking this live, but tracking for self education.

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ideally I will not be executing any positions today and any further trading this week will be after CPI.

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added position would not have held. still in this with SL at original level. Not the NYSE i was hoping for, but still looking to see price expand up.

Trade closed: stop reached

disappointing outcome.

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last shot on this idea, still looking for the daily OB to hold, buying beneath yesterday's low as liquidity (me lol) has been cleared out

Trade closed: stop reached

aii thats enough for today.

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forward testing one more buy from the extreme end of the OB but done trading live.

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lol of course the demo is the one that runs

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moving well during CPI

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forward testing a buy here.

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first position SL moved into profit.

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still in demo first position, adding a 2nd position here.

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in a humble 3R short lol. previous positions did not hold

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close to the sun on that. still in it.

akhena10fx

Let the algo show you its hand.

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