TIME & PRICE is EVERYTHING
I have two possible short entries. With “Time & Price” (ICT) I’d take a short position.
First attempt: At previous retest purge setup (gold box) as long as PA doesn’t break purge structure (if PA closes more than 70% I would consider that a failed purge setup) and take a loss.
Second attempt: if PA moves aggressively through my first attempt area (retest purge setup) then I’d look for a second attempt at previous Fridays swing high area.
If my second attempt fails and I get stopped out, I will wait for another setup. Risk management and discipline is key.
Have a good weekend!
I have two possible short entries. With “Time & Price” (ICT) I’d take a short position.
First attempt: At previous retest purge setup (gold box) as long as PA doesn’t break purge structure (if PA closes more than 70% I would consider that a failed purge setup) and take a loss.
Second attempt: if PA moves aggressively through my first attempt area (retest purge setup) then I’d look for a second attempt at previous Fridays swing high area.
If my second attempt fails and I get stopped out, I will wait for another setup. Risk management and discipline is key.
Have a good weekend!