๐ ๏ธ Trade Execution Plan
โ
Step 1: Key Levels to Watch
๐ Resistance:
๐ด 45,070 โ 45,100 โ Major breakout level
๐ข Target if bullish: 45,250+
๐ Support:
๐ก 44,550 โ First downside target
๐ข 44,266 โ Stronger support level
๐ด 43,753 โ Deep pullback level (if sell-off happens)
๐ Bullish Scenario (Stronger-than-expected labor market)
๐น What to look for:
Unemployment claims come in lower than expected (good for economy).
US30 breaks and holds above 45,100 (watch for a retest confirmation).
Momentum increases on MACD & RSI stays above 50.
๐น Trade Setup:
โ
Buy above 45,100 if price closes above this level on the 5m or 15m chart.
๐ฏ Targets:
๐ฏ First TP: 45,250
๐ฏ Second TP: 45,400
๐ Stop-Loss (SL): Below 44,950
๐ Bearish Scenario (Weaker labor market, higher claims)
๐น What to look for:
Higher unemployment claims = weak labor market = market drops.
US30 rejects 45,070 and fails to break 45,000.
RSI turns downward, MACD shows red bars increasing.
๐น Trade Setup:
โ
Sell below 44,900 if price fails to break above 45,000 and starts dropping.
๐ฏ Targets:
๐ฏ First TP: 44,550
๐ฏ Second TP: 44,266
๐ Stop-Loss (SL): Above 45,050
โณ Best Trading Approach (Timing)
1๏ธโฃ Right at 8:30 AM ET (Initial Spike)
Price whipsaws up & down due to fast orders.
โ Avoid immediate entry! Wait 5-10 minutes for direction.
2๏ธโฃ 8:35 - 8:45 AM ET (Retest Confirmation)
If price breaks a key level & retests, enter on confirmation.
3๏ธโฃ 9:30 AM ET (Stock Market Open Reaction)
Second big move might come at NYSE open.
๐ฏ Final Tips
Donโt rush the trade. Let the market show direction before entering.
Stick to stop-loss & take-profit levels.
Use smaller lot size if volatility is extreme.
If unsure, stay out! There will always be another trade.
Do not risk more than 1% of your account.
Follow for more cool ideas.
-Nozuk