NAS100: First red day on the backside move

٣٠ مايو ٢٠٢٤

Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)

• Monday DAY 1 Opening Range
  
• Tuesday DAY 2 Initial Balance
  
• Wednesday DAY 3 (reset DAY 1) Mid Point Week
  
• Thursday DAY 2 ✅ Day 3 cycle
  
• Friday DAY 3 Closing Range
  

2. SIGNAL DAY

• First Red Day ✅
  
• First Green Day
  
• 3 Days Long Breakout
  
• 3 Days Short Breakout
  
• Inside Day
  

3. WEEKLY TEMPLATE

• Pump&Dump ✅
  
• Dump&Pump
  
• Frontside
  
• Backside ✅
  

4. THESIS:

• Long: N/A I'm not interested in any long setup, neither counter trending the backside on Thursday
  
• Short: primary, market on the backside move, dumping down with nice bearish momentum. Lower low placed into the LOW, looking for a sell high opportunity at 9:30am NYO or 10:01am after major red news release.
  

Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni

٣٠ مايو ٢٠٢٤

ملاحظة

Daily overview


High low of the day in place, market currently pushing higher, wondering to see it the high will hold for the reversal! Let's be updated on here :)

٣٠ مايو ٢٠٢٤

ملاحظة

Breaking higher, re drawn the high low if necessary..

In order to short a potential 3 session pump and dump, market has to consolidate up high till 9:30/10am

٣٠ مايو ٢٠٢٤

ملاحظة

The HOD is may locked in, keep watching

٣٠ مايو ٢٠٢٤

ملاحظة

live entry


currently at break even

٣٠ مايو ٢٠٢٤

ملاحظة

London LOD would be the target 1, eventually previous LOW the second target

if you are in the trade, you should be already at break even

٣٠ مايو ٢٠٢٤

تم إغلاق الصفقة يدويًا

Market placed a W bottom into the low the session, exit the full position with around 15pip, not a big a profit for today, but typically a strong parabolic setup does not come back! :) that's all for today!

٣١ مايو ٢٠٢٤

ملاحظة

I heard about people going long on Thursday, on the hourly backside move, after first red day, be very carefully in counter trending market on the backside.
Weekly pump and dump completed ✅