NAS100 NYSE Short - Results
What's Good TradingViewers,
I Hope you're all having a wonderful trading day full of pips and blue numbers only.
Today i just decided to share some results from a trade i took at NYSE Open (15HR30PM GMT+2). Maybe you might take something very valuable from this. Do let me know in the comment section if there's anything you've picked up!
So what happenned?
I started my analysis @14HR30 then waited for the opening bell or rather any last minutes changes before the opening bell. I then marked up my swings using a fibonacci so i can spot some good entry and reversal levels. From a higher timeframe of H4 I was able to spot a reversal pattern(A double top) so on the lower timeframes i waited for a possible retest and a candlestick pattern allowing me to place a trade. I Shifted down to M15 then i saw price made a retest and we're at a resistance in a corrective move also. So that gave me more reasons to sell.
At 15HR29PM, a spinning top was issued so i took my risk and entered for a sell. I went for a 35pips stop loss and a 105pips TP. From there i just chilled and let it run, then i started managing it as it went more deeper into profits. As soon as it passed 1:1 Risk/Reward i shifted my SL to zero and let it run once again. TP Got hit!
I Hope you're all having a wonderful trading day full of pips and blue numbers only.
Today i just decided to share some results from a trade i took at NYSE Open (15HR30PM GMT+2). Maybe you might take something very valuable from this. Do let me know in the comment section if there's anything you've picked up!
So what happenned?
I started my analysis @14HR30 then waited for the opening bell or rather any last minutes changes before the opening bell. I then marked up my swings using a fibonacci so i can spot some good entry and reversal levels. From a higher timeframe of H4 I was able to spot a reversal pattern(A double top) so on the lower timeframes i waited for a possible retest and a candlestick pattern allowing me to place a trade. I Shifted down to M15 then i saw price made a retest and we're at a resistance in a corrective move also. So that gave me more reasons to sell.
At 15HR29PM, a spinning top was issued so i took my risk and entered for a sell. I went for a 35pips stop loss and a 105pips TP. From there i just chilled and let it run, then i started managing it as it went more deeper into profits. As soon as it passed 1:1 Risk/Reward i shifted my SL to zero and let it run once again. TP Got hit!
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.