Nasdaq NQ mini Friday 2ND Trade set up
IDEA UPLOADED ON 15 MIN TF, TRADING VIEW WILL NOT ALLOW ME TO POST IDEA LESS THAN 15 MIN TF. IMAGE OF ACTUAL TRADE BELOW ON 1 MIN TF
Second Trade idea for Friday on the PM SB macro (2-3pm) NY local time.
Here we have already smashed most of London session Bull rally from Thursday 9PM.
Note how a runner could have been set to hold till then once direction is confirmed.
1 of two things could happen here and my thought process was this-
"It can either continue to take the low at 14811.25 from (Sept. 28th low) or 2 it can reverse now that London lows have been taken out after a BISI bullish candle can be spotted."
I initially took a sell after I saw a SIBI candle form and aimed at the 14811.25 @ 2:04 pm (marked as a FVG on the Image below) with a SL at the previous high
After I was taken out VIA SL, I waited and noticed something about after the 30min mark of the SB pm macro hour of 2-3pm. after 2:30 pm price came down and booked 14811.00 to take out the low I was aiming for of 14811.25 and reversed creating a minor Market Structure Shift (MSS).
Once the MSS was created and left behind a FVG that was my focus, once price retraced back to marked FVG (Labeled 2nd entry) that was my entry. SL placed at previous LOW and TP was the nearest zone of liquidity (labeled as BSL).
Price Booked and Target Reached.
Image of actual trade below on 1 min TF
Second Trade idea for Friday on the PM SB macro (2-3pm) NY local time.
Here we have already smashed most of London session Bull rally from Thursday 9PM.
Note how a runner could have been set to hold till then once direction is confirmed.
1 of two things could happen here and my thought process was this-
"It can either continue to take the low at 14811.25 from (Sept. 28th low) or 2 it can reverse now that London lows have been taken out after a BISI bullish candle can be spotted."
I initially took a sell after I saw a SIBI candle form and aimed at the 14811.25 @ 2:04 pm (marked as a FVG on the Image below) with a SL at the previous high
After I was taken out VIA SL, I waited and noticed something about after the 30min mark of the SB pm macro hour of 2-3pm. after 2:30 pm price came down and booked 14811.00 to take out the low I was aiming for of 14811.25 and reversed creating a minor Market Structure Shift (MSS).
Once the MSS was created and left behind a FVG that was my focus, once price retraced back to marked FVG (Labeled 2nd entry) that was my entry. SL placed at previous LOW and TP was the nearest zone of liquidity (labeled as BSL).
Price Booked and Target Reached.
Image of actual trade below on 1 min TF
Trade closed: target reached:
TP