YM Wednesday Big Sell Off Day? Fill In Gap At 39,150? 600 ticks
A couple of pieces of information that I think will cause a sell off down to 39,150
A declining Hourly 21ema
A gap at 39,150
A rising 200sma that has been poked through last two times
Ramped volume from the FOMC
600 ticks seems really excessive for one session. Maybe two sessions.
Do I go for the throat and hold for a massive trade or do I take the base hit 2 to 1?
I don't want to be greedy but I also don't want to leave money on the table.
Maybe I will go in the middle just watch each hourly candle and close it when I see a fat red candle exhausting itself
A declining Hourly 21ema
A gap at 39,150
A rising 200sma that has been poked through last two times
Ramped volume from the FOMC
600 ticks seems really excessive for one session. Maybe two sessions.
Do I go for the throat and hold for a massive trade or do I take the base hit 2 to 1?
I don't want to be greedy but I also don't want to leave money on the table.
Maybe I will go in the middle just watch each hourly candle and close it when I see a fat red candle exhausting itself
Nota
If it gaps down like this tomorrow I will be going for the jugular. 500 ticks at leastNota
This analysis was completely off. Price gapped up to 39,880 and the setup for today was a gap and crap. I admit I entered a tad late. Two bars after that engulfing. I couldn't tell if it would bounce back up to hit stops first.I used a 50 point stop and a 90 point target for a 1.8R trade
My target happened to coincide with the 15' 21ema
Dagangan ditutup: sasaran tercapai
Today was a successful day in that I recognized the gap and crap, that I entered at a relatively safe spot with little to no heat and that I was patient enough to let the trade hit my target
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.