06/09/22- Potential Long on E-mini NAS
Higher time frame bias is Bullish because for 2 reasons:
1. DXY has already filled in an imbalance high and should trade down to take out the low @101.297
2. NQM has already traded down into the imbalance but not filling it. Market should take out the previous day high resting @12797.00
Then we will look for the essentials in order for us to enter:
-Raid on sellside liquidity
-Bullish displacement indicating liquidity extraction and a Bullish MSS
-Pay close attention to the manipulation that will happen before the 830am news release or after the 830am new release
-Pay attention to the opening price at 830am because in order to buy we must be in the discount part of the opening price point at 830am
1. DXY has already filled in an imbalance high and should trade down to take out the low @101.297
2. NQM has already traded down into the imbalance but not filling it. Market should take out the previous day high resting @12797.00
Then we will look for the essentials in order for us to enter:
-Raid on sellside liquidity
-Bullish displacement indicating liquidity extraction and a Bullish MSS
-Pay close attention to the manipulation that will happen before the 830am news release or after the 830am new release
-Pay attention to the opening price at 830am because in order to buy we must be in the discount part of the opening price point at 830am
ความคิดเห็น:
KEY TAKE AWAYS:
I noticed that during the opening price at 830am price entered discount levels and ultimately took out the low @12561.75 level.
This is significant to identify because when we are looking for that initial liquidity raid it is best to have a sellside raid occur at disount levels of the 830am opening price and vis versa for a buyside raid we want to be in premium prices after the 830am opening price to anticipate that raid on buyside liquidity.
I noticed that during the opening price at 830am price entered discount levels and ultimately took out the low @12561.75 level.
This is significant to identify because when we are looking for that initial liquidity raid it is best to have a sellside raid occur at disount levels of the 830am opening price and vis versa for a buyside raid we want to be in premium prices after the 830am opening price to anticipate that raid on buyside liquidity.
After the London KZ close price consolidated and broke down to take the low at 12561.75 level.
8:30am opening price was 12605.50 and the market stayed in discount pricing and eventually took out low at 12561.75 level.
Then the market broke a short term high and indicating a bullish market structure shift.
Actual entry occurred on the 1m chart which is shown above. Three separate buy limit entries with a total Pip haul of 156pips. Trade duration was from 6:50am to 7:33am.