Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous shorts will be stopped out and new longs will be trapped. That's the best possible time to enter short and ride the reversal back down here on
NQ1!
Comment:
Big green candle sweeping above. Moment of truth here...
Comment:
So far we are seeing this scenario play out EXACTLY as I described it.
Trade active:
Started a position here on TQQQ put expiring 9/15 $28 at 3.05
Trade closed: stop reached:
Late to the alert. I got stopped out. That's ok, it's not going to work every time. I kept my risk in check.
Sellers got run over and squeezed out.
Sellers got run over and squeezed out.
It's not about the money made. It's about the freedom created.