King W. Harbmayg’s
Journal Entry #40
“Direction” via 1H
A. Is price above the 800 EMA?
—yes!
“Structure” via 15M
A. How did yesterday's market structure conclude?
—retraced!
B. Identify yesterday’s range, expressed in pips!
~50 pips!
C. Did price dump down into a local coordinate just prior to session open?
—no but it respected the low set before open. still decent chance for success.
D. Did the market invert from selling to buying pressure?
—yes!
Conditions are met!
Place the buy position when most optimal!
Journal Entry #40
“Direction” via 1H
—yes!
“Structure” via 15M
—retraced!
B. Identify yesterday’s range, expressed in pips!
~50 pips!
C. Did price dump down into a local coordinate just prior to session open?
—no but it respected the low set before open. still decent chance for success.
D. Did the market invert from selling to buying pressure?
—yes!
Conditions are met!
Place the buy position when most optimal!
Trade closed: stop reached