06/09/22- Potential Long on E-mini NAS

٩ يونيو ٢٠٢٢

Higher time frame bias is Bullish because for 2 reasons:
1. DXY has already filled in an imbalance high and should trade down to take out the low @101.297
2. NQM has already traded down into the imbalance but not filling it. Market should take out the previous day high resting @12797.00

Then we will look for the essentials in order for us to enter:
-Raid on sellside liquidity
-Bullish displacement indicating liquidity extraction and a Bullish MSS
-Pay close attention to the manipulation that will happen before the 830am news release or after the 830am new release
-Pay attention to the opening price at 830am because in order to buy we must be in the discount part of the opening price point at 830am

٩ يونيو ٢٠٢٢

ملاحظة

After the London KZ close price consolidated and broke down to take the low at 12561.75 level.

8:30am opening price was 12605.50 and the market stayed in discount pricing and eventually took out low at 12561.75 level.

Then the market broke a short term high and indicating a bullish market structure shift.

Actual entry occurred on the 1m chart which is shown above. Three separate buy limit entries with a total Pip haul of 156pips. Trade duration was from 6:50am to 7:33am.

٩ يونيو ٢٠٢٢

ملاحظة

KEY TAKE AWAYS:

I noticed that during the opening price at 830am price entered discount levels and ultimately took out the low @12561.75 level.

This is significant to identify because when we are looking for that initial liquidity raid it is best to have a sellside raid occur at disount levels of the 830am opening price and vis versa for a buyside raid we want to be in premium prices after the 830am opening price to anticipate that raid on buyside liquidity.