I’m watching a possible inverse head & shoulders forming on the hourly chart and looking for a long entry if confirmed.
It will also be a good time for reversal with Europe markets opening at the close of this hour.
That gives it liquidity it needs to push up aggressively.
Some of the variables I will be looking for is 1) The hourly candle to close in the entry range and 2) Lower volume on this candle versus the trough of the left shoulders.
📊 Trade Plan:
Risk/Reward: 4.6
Entry: 24 236.3
Stop Loss: 24 194
Take Profit 1 (50%): 24 394
Take Profit 2 (50%): 24 480
💡 GTradingMethod Tip: Predefining your risk isn’t just a habit — it’s what keeps emotions out of trading and lets probability play out over time.
🙏 Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
⚠️ Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
It will also be a good time for reversal with Europe markets opening at the close of this hour.
That gives it liquidity it needs to push up aggressively.
Some of the variables I will be looking for is 1) The hourly candle to close in the entry range and 2) Lower volume on this candle versus the trough of the left shoulders.
📊 Trade Plan:
Risk/Reward: 4.6
Entry: 24 236.3
Stop Loss: 24 194
Take Profit 1 (50%): 24 394
Take Profit 2 (50%): 24 480
💡 GTradingMethod Tip: Predefining your risk isn’t just a habit — it’s what keeps emotions out of trading and lets probability play out over time.
🙏 Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
⚠️ Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
Trade active
Opened half my position because the deviation rule was triggered. Will scale into the rets of the position if the rest of the variables are met at the close of this hourly candle.
If variables are not met at the close, I will close the half position I just opened.
Note
Also, today is the biggest option expiry day in history.What does that mean? Expect volatility today.
Note
Remaining long position opened, since all of my variables to take the trade were met.Some of these variables that I look for are:
1) Hourly candle to close in range - Yes
2) Lower volume on close of hourly candle versus left shoulder - yes
3) Closure rate and closure level of hourly candle within specific metrics - yes
Note
Perfect start to a trade!!Considering taking money slightly early because of the options expiry deadline today - expecting lots of volatility.
Note
Moved stop losses to break even and I have also taken 50% of profit.I took profit early because today is the biggest option expiry date in history and I expect the markets to chop and be very volatile
Trade closed: target reached
Closed the reaming 50% of the position in profit at 20 393. Time to look for the next setup
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.