Long
Updated

SUPPLY AND DEMAND - US500

62
As of 21 Nov 2021


WK TF - long term bias

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D1 Direction

Price retracing, to continue uptrend

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H4 intermediate TF
For 1H ENTRY: wait for price to retrace back into GREEN zone before setting BUY orders

*For 15M ENTRY: Price must break 1H supply zone before setting BUY orders

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snapshot (CLEAN VIEW)

TP: 3:1
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Note
23 Nov 2021

Price did not trigger entry price
Trade active
Order triggered - price came back

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Trade closed: stop reached
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Trade active
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order triggered in 15M
Trade closed: stop reached
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moved to BE but stopped out

To observe if price will move in predicted direction.
Note
Learning point:
maybe for indices - to take 75% when it hits and not expect 100%.

Day trades seem more suitable than swing trading due to volatility
Note
Trades Taken
1)
22-11-2021 22:54
SELL Limit
Open price: 4,695.27
Sell 2.00
23-11-2021
09:09:29.499
Stop 4,672.48

2)
23-11-2021 10:31:20.750
Sell Limit 4,663.55
Sell 2.00
23-11-2021 17:59:46.212
Stop 4,663.33

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