NASDAQ 1m short
PPI move saved me today.
The idea on this one was the violent move upside, taking out some semi relevant highs, but the obvious V-Shape with iFVG looked promising.
Initial idea was holding to wick lows, but i wanted to frontrun a little around that FVG bottom.
Great first week so far.
Nasdaq recap
1SL, 1 exited cuz price action looked bad for further upside at this point.
Total -0.7R
MAYBE post PPI i can catch a trade that doesn't chop me.
So far up +3.32R first week of funded
Nasdaq recap
1SL, 1 exited cuz price action looked bad for further upside at this point.
Total -0.7R
MAYBE post PPI i can catch a trade that doesn't chop me.
So far up +3.32R first week of funded
@AshCrypto Bitcoin generally follows the tech market atm.
Tech down, BTC down. It's not always the fundamentals themselves, else my LINK bag would be mooning
@AdamWTrades Well i initially planned to hoold my short till hourly lows.
pussied out, then it went to the hourly low.
I somehow cant hold much longer than 2R mentally lmao
I'm a reversal trader.
Major high swept? -> look for shorts
Major low swept? -> look for longs
In this example i actually longed and made a recap.
you seem to have a different strategy, so hard to tell u stuff like "use iFVG" etc., BUT marketstructure seems to be a universal tool for every priceaction related strat. study that for sure.
Structure shifts are a great way to determine the overlying trend of your chart and define changes.
Works for reversals, continuation etc.
Structure is key in my opinion