Billy_FX_

Billy_FX_ Updated 

Hi all, welcome back to a new morning :) Without going into the nitty-gritty, NQ is holding a major zone right now (simplified to the most recent area) and the market has extended almost 300 points within a day. I am expecting two scenarios at the opening area which will define how I act for the remainder of the day: Scenario 1: Mean reversion long - Bulls...

Billy_FX_ Updated 

Hi all and welcome back! Today's market seems like it wants to keep opening traders in suspense with intraday long targets quickly being achieved right from the opening bell. That being said, here are my two main scenarios with a third outlier scenario (this seems to be a handy format!): Scenario 1 - Opening highs are broken, blocking short targets: In...

Billy_FX_ Updated 

Hi all, back at it for the second day =). We've seen a lot of ranging action this morning which has already taken many targets out of play according to my plan. As a result, I have three scenarios with a long bias until opening lows are breached. Scenario 1: Sellers have been absorbed and bullish zones remain true, expect pullbacks to around the equity open...

Billy_FX_ Updated 

Hi all, felt like sharing my intraday planning for NQ today. I have two scenarios based on the opening range especially since we have taken out local lows (high probability short targets) during the open. Please note that the idea is shown on a 15-minute chart but I will often use lower timeframes (5 minute) to plan and execute. If the low set during the opening...