US100 Trade Log
Updated
Trade Setup (30/10/2024) - US100 Long on 1H FVG with Market Open Liquidity Grab
1. Setup: Enter long within the 1-hour Fair Value Gap (FVG) if there is a wick rejection signal on market open, suggesting a liquidity grab.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for a sharp wick into the FVG at market open, showing a liquidity grab and immediate recovery back into the zone.
3. Stop-loss and take-profit:
- Place stop-loss just below the wick low to protect against further downside.
- Set take-profit at twice the stop-loss distance, aiming for a 1:2 RRR.
4. Additional considerations:
- Be mindful of volatility and spreads at market open.
- Ensure wick rejection confirms strong demand within the FVG before entering.
This setup aims to capture upside momentum following a liquidity grab at market open, using the 1H FVG as a support zone for entry.
1. Setup: Enter long within the 1-hour Fair Value Gap (FVG) if there is a wick rejection signal on market open, suggesting a liquidity grab.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for a sharp wick into the FVG at market open, showing a liquidity grab and immediate recovery back into the zone.
3. Stop-loss and take-profit:
- Place stop-loss just below the wick low to protect against further downside.
- Set take-profit at twice the stop-loss distance, aiming for a 1:2 RRR.
4. Additional considerations:
- Be mindful of volatility and spreads at market open.
- Ensure wick rejection confirms strong demand within the FVG before entering.
This setup aims to capture upside momentum following a liquidity grab at market open, using the 1H FVG as a support zone for entry.
Trade closed: stop reached
-1%
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