Thursday Nq Review
Today I saw and noticed we had a volume imbalance and wanted to see how the market reacted no trades just watching price print.
The imbalance was created Wednesday afternoon. and kept printing price lower and that gave me two things to think about.
1. price will continue the downtrend and possibly retrace for NY Session open
2. price may just simply retrace for London and drop lower after NY open
I go into the markets with a " If this then that " mindset I don't try to be solid on a direction until I see price react to certain areas such as this volume imabalance.
Once price was closer to NY open I marked the Volume imbalance and waited for 9:30 am and sure enough it retraced back to the VI and reacted perfectly it gave a model 2022 entry and left Sell Side Liquidity below as a target from London 3:30 am.
on the 15 min I marked the VI and then I lowered my time frame to the 5min then the 1 min for a possible entry.
on the 1 min we also see a breaker block entry in correlation with the 2022 model entry and that raised the probability this may continue to drop lower.
entry will be shown in images below again I did not trade I just marked up the VI as a area of interest to forward test this strategy.
15 min TF mark up
1 min entries
no we will wait for Friday and normally on Fridays we have to look for a possible 30 percent retrace up.
The imbalance was created Wednesday afternoon. and kept printing price lower and that gave me two things to think about.
1. price will continue the downtrend and possibly retrace for NY Session open
2. price may just simply retrace for London and drop lower after NY open
I go into the markets with a " If this then that " mindset I don't try to be solid on a direction until I see price react to certain areas such as this volume imabalance.
Once price was closer to NY open I marked the Volume imbalance and waited for 9:30 am and sure enough it retraced back to the VI and reacted perfectly it gave a model 2022 entry and left Sell Side Liquidity below as a target from London 3:30 am.
on the 15 min I marked the VI and then I lowered my time frame to the 5min then the 1 min for a possible entry.
on the 1 min we also see a breaker block entry in correlation with the 2022 model entry and that raised the probability this may continue to drop lower.
entry will be shown in images below again I did not trade I just marked up the VI as a area of interest to forward test this strategy.
15 min TF mark up
1 min entries
no we will wait for Friday and normally on Fridays we have to look for a possible 30 percent retrace up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.