NAS Outlook 8/15

١٥ أغسطس ٢٠٢٣

Bearish on NAS. Monthly FVG below is what I am seeing as the current draw on liquidity. after that gets tapped price may either want to push into it, or reverse and take out some of the recent highs.

١٥ أغسطس ٢٠٢٣

ملاحظة

In a short from the 2H FVG.

١٥ أغسطس ٢٠٢٣

ملاحظة

moving well. need to see price trade to and through the weekly open.

١٥ أغسطس ٢٠٢٣

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weve traded to the weekly open, looking to see it trade through.

١٦ أغسطس ٢٠٢٣

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slow grind but still in it.

١٦ أغسطس ٢٠٢٣

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forward testing an add on nas after nyse open

١٦ أغسطس ٢٠٢٣

ملاحظة

forward testing the add here going off the 4H chart. considering using the 4H chart primarily for trade ideas and only going to lower timeframes once we are in 4H POIs to avoid getting whiplashed around as I have more recently

١٦ أغسطس ٢٠٢٣

ملاحظة

the added forward test position could have been taken from 50% of the OB with the same stoploss for a better R/R while maintaining the same criteria for invalidation.

١٦ أغسطس ٢٠٢٣

ملاحظة

4H OB holding nicely. I will be working off the 4H more often moving forward.

١٦ أغسطس ٢٠٢٣

ملاحظة

١٦ أغسطس ٢٠٢٣

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Approaching TP1, glad to have gotten some movement ahead of FOMC mins at 2PM.

١٦ أغسطس ٢٠٢٣

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TP1 hit.

١٦ أغسطس ٢٠٢٣

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great TP selection as price is reacting as expected off of it. lets see if it dips once more for TP 2.

١٦ أغسطس ٢٠٢٣

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stoploss moved to above the PM session high.

١٦ أغسطس ٢٠٢٣

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gave it room. I dont think the dip is done.

١٦ أغسطس ٢٠٢٣

ملاحظة

Sl moved back to what should be the PM session high

١٦ أغسطس ٢٠٢٣

ملاحظة

What thoughts go through your mind as price approaches but has not hit your TP?

"Should I close now? what if it runs away from me? should I move my TP to get more profit? Im kind of hungry should I order takeout?"

Journal these thoughts and come up with an approach. There is nothing wrong with closing your position early so long as you are making that decision in logic and not out of fear.

١٦ أغسطس ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

TP 2 hit, trade collapsed.

١٦ أغسطس ٢٠٢٣

ملاحظة

Trade breakdown

١٧ أغسطس ٢٠٢٣

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looking to buy

١٧ أغسطس ٢٠٢٣

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Tapped in. TP levels set lets see how she fares.

١٧ أغسطس ٢٠٢٣

أغلقت الصفقة: تم الوصول لوقف الخسارة

did not hold. I still like longs so lets see.

١٧ أغسطس ٢٠٢٣

ملاحظة

We are in extreme HTF discount here in the Weekly FVG. I will take one more shot from this level, which is a 1:1 mirror of the price traded above the weekly open, inside the 4H BPR.

١٧ أغسطس ٢٠٢٣

ملاحظة

tapped in. Same TPs as before for now.

١٧ أغسطس ٢٠٢٣

ملاحظة

encouraging initial reaction, but we need to get above the recent high to be safe and it's still a ways away.

١٧ أغسطس ٢٠٢٣

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going break even.

١٧ أغسطس ٢٠٢٣

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Can you see it yet?

١٧ أغسطس ٢٠٢٣

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giving it back full stoploss.

١٧ أغسطس ٢٠٢٣

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damn its not looking good brev. buy was premature.

١٧ أغسطس ٢٠٢٣

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Stopped out and one last try. IDK mayne everything is telling me we go up. its the end of the week, sellside chasing should be over.

١٧ أغسطس ٢٠٢٣

ملاحظة

١٨ أغسطس ٢٠٢٣

ملاحظة

Was wrong on NAS as price did not seem to have any interest in chasing buyside the second half of the week. I still think we are in discount and buys are attractive, but the market structure has not yet changed to support this.

١٨ أغسطس ٢٠٢٣

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one last buy attempt for the week.

May god have mercy upon me. 😂

١٨ أغسطس ٢٠٢٣

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No funny business Friday's. SL below the low after a validated 15min OB

١٨ أغسطس ٢٠٢٣

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still in this, had to give SL some breathing room as it looks like a search and destroy liq clearing played out.

١٨ أغسطس ٢٠٢٣

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notice how no bodies close below the OB, only wicks. This is crazy messy trading.

١٨ أغسطس ٢٠٢٣

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finally getting some encouraging market structure. its about to be noon on friday in an hour, might not get the sort of expansion I was hoping for. Will re-evaluate TP levels.

١٨ أغسطس ٢٠٢٣

ملاحظة

TP levels reduced.

١٨ أغسطس ٢٠٢٣

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TP reduced again, not getting near the expansion I had wanted earlier.

١٨ أغسطس ٢٠٢٣

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taking first profit at london high.

١٨ أغسطس ٢٠٢٣

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crazy scenes. TP is never guaranteed.

١٨ أغسطس ٢٠٢٣

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TP2 hit, what a battle this one was ffs.

١٨ أغسطس ٢٠٢٣

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glad with the TP selection here. look at the reaction both times. Done for the week for obvious reasons.