US100 Trade Log

Updated
Trade Setup (31/10/2024) - US100 Long in 1H FVG

1. Setup: Enter long within the 1-hour Fair Value Gap (FVG), which serves as a potential demand zone for an upward move.

2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal patterns, such as a strong rejection wick or bullish engulfing candle, within the 1H FVG to confirm entry.

3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 1H FVG to limit downside risk.
- Set take-profit at twice the distance of the stop-loss for a 1:2 RRR.

4. Additional considerations:
- Be aware of market-moving news or data releases that could impact US100 volatility.
- Ensure price action within the FVG indicates strong buying interest before entering.

This setup aims to capitalize on potential bullish momentum within the 1H FVG as a support zone.
Note
Still alive which is a good sign.
Trade closed manually
No longer valid idea.
Trade closed: target reached
snapshot

I wouldn't have taken the trade I think but was essentially good.
Beyond Technical AnalysisFundamental AnalysisTrend Analysis

Disclaimer