NAS Outlook 1/29

First week of February should be interesting as NFP is on friday. Here is what i am seeing in the market from a liquidity perspective. Would like to ultimately see price melt. But it can do a number of things between now and Friday. I am a buyer early as I think another high is likely. Otherwise will be observing as usual.

I post the following on my channel:

- Video style weekly outlooks
- Video style weekly recaps
- Risk management techniques
- Psychological conditioning techniques

Stay tuned

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price is in an area of interest for potential buys.

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bought with min risk off 1 min.

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looks good on 1min, can be quite the trade if it plays to completion.

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SL moved to minimize risk

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going BE here as price puts in another high. having entered on the small timeframe, if price returns to my entry it is unlikely the low will hold. If the idea is valid there is no reason for price to retrace that deeply on the 1min.

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Successful trading is all about being able to evaluate mulitple probabilities, stack them in your favor, and properly account for those that are not in your favor. with respect to this trade, if bearish price action is to continue, there is a bearish breaker block that can send price back down.

However my HTF analysis expects price to reach higher, so will be holding this as a result. My SL is now in profit so if i am wrong I still make a profit.

تعليق:

theoretical 2nd position. Not taking this live.

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2nd pos would have been stopped out.

أغلقت الصفقة: تم الوصول لوقف الخسارة:

taken out for a small profit.

تعليق:

One last attempt. Done for the day if it doesnt hold.