Monday trade NQ review

Looking at Sunday nights price we saw NWOG being created.

What I've experienced with NWOG has been that it typically acts as a form of magnet, it will attract price to it and sometimes may have price react off of it as a support or resistance.

Overnight during London session we floated above and notice how price consolidated for most of London Session, and as soon as 2:25 am price starting to fall towards "NWOG".

This gave me two things to look for 1 was price was already taking out sell side liquidity when London was consolidating, and 2 price had a SIBI from Friday sells that needed to fill as marked on the chart.

Once I waited for my SB hour at 10 am NY local time, I realized price was reacting and had given me an entry that I highlighted right at 10:04 am.

Target was originally the previous high from Fridays last drop but I was taught to have TP under that to account for spreads. TP smacked at 3:30 pm. SL was a little larger than I would have liked but it was the previous low of the move.

sticking to one trade and one fixed lot size

IMAGES OF TRADE BELOW

15 MIN TF


5 MIN TF



1 min TF

DETAILED