Short

NAS Outlook 5/1

By akhena10fx

Updated

NFP week, so low market clarity. I have a bearish bias for the friday expansion on indices.

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Short NAS looking for London's OB to hold.

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favorable initial reaction. SL is BE. Holding interday.

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I am expecting trade completion on this one. will be looking for longs in the 12960 area.

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Wanted to see more expansion overnight. Medium confidence of trade completion, price may want another high.

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Moving in line with trade idea following NYSE. 10AM news in 20mins, would like to see news completion.

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educational second position added. not live. forward testing.

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SL moved to profit.

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4H FVG is a risk to trade, but the expectation is that price moves through it to meed daily FVG below.

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closing 80% as price approaches TP level, final TP to remain.

Trade closed: target reached

All TPs hit, trade collapsed.

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!!DEMO DISCLAIMER!!

As this week is high news impact, i will be trading on a demo account the rest of the week as a risk mitigation strategy. Take this into account when viewing trade ideas for the remainder of the week.

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buying NAS (Demo)

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stop loss hit (Demo)

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long on NAS (demo)

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second position added off 15M OB

Trade closed manually

closed manually

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im short (demo)

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gave it room still holding.

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pretty sh*t conditions today as anticipated. glad to be on a demo for the rest of the week

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initial trade was absolutely skewered by Powell. I think we go down still after the interest rate hike so im short again (DEMO)

Trade closed: stop reached

**Shakes fists at Jerome Powell**

(demo)

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Taking L after L on a demo account reinforces in my mind that the best strategy in less than ideal conditions is to abstain.

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Entry not possible with my techniques, but direction was anticipated.

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long on NAS (demo)

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Was stopped out, long again (demo)

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closing manually here, dont really care to keep chart watching in less than ideal trading conditions.

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plotting.

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Bought NAS

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healthly initial reaction

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coincidence? or algorithmic evidence? (Fair value gap filled in almost to the pip)

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healthy movement. Need a strong hourly close to convince me we keep pushing.

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If the hourly closes as expected will hold till final TPs. Will evaluate if something else happens.

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forward testing position added.

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TP1 hit.

Trade closed: target reached

all TPs hit, trade collapsed.

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really happy with the TP selection on this one

akhena10fx

Let the algo show you its hand.

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