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CalmTrader_Way
Oct 10, 2023 8:56 AM

SP500 making a liquidity run Long

S&P Index Cash CFD (USD)Vantage

Description

Hello, traders. Opening a trade on SP500. We're currently in an upward trend and might encounter some liquidity grabs before a local correction from the top. Downside movement for liquidity is expected to be more challenging at the moment. I'm pinpointing the entry at the order block and setting the stop loss below it.

Trade active

2 liquidity was grabbed. Closed 50%

Trade active

3 liquidity was grabbed. Closed 75%

Trade closed: target reached

I am closing the trade manually with a profit. The price hasn't reached the last liquidity zone yet, it will most likely get there tomorrow. I don't carry trades over to the next day, so I will close it now with the current profit.
Comments
JoeChampion
Great work!
CalmTrader_Way
@JoeChampion, Thanks Mate
Tradersweekly
Thanks for sharing the idea. But what do you mean by "2 liquidity" and "3 liquidity"? Are those price targets?
CalmTrader_Way
@Tradersweekly, I mean sequence of liquidity zones. I didn't label them on the chart with numbers, but I'm referring to the sequence of their removal.
Tradersweekly
@CalmTrader_Way, Ok, thanks for the reply. I was not sure what you meant. Best wishes!
zAngus
Hi there, congratulations on sharing your first post with the community. We hope it was a fun publishing process. Hope you enjoy the rest of the day.

From mod @zAngus
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