SUPPLY AND DEMAND - US500

As of 21 Nov 2021


WK TF - long term bias

D1 Direction

Price retracing, to continue uptrend

H4 intermediate TF

• 
  

For 1H ENTRY: wait for price to retrace back into GREEN zone before setting BUY orders

For 15M ENTRY: Price must break 1H supply zone before setting BUY orders

(CLEAN VIEW)

TP: 3:1

Comment:

23 Nov 2021

Price did not trigger entry price

Trade active:

Order triggered - price came back

Trade closed: stop reached:

Trade active:

order triggered in 15M

Trade closed: stop reached:

moved to BE but stopped out

To observe if price will move in predicted direction.

Comment:

Learning point:
maybe for indices - to take 75% when it hits and not expect 100%.

Day trades seem more suitable than swing trading due to volatility

Comment:

Trades Taken
1)
22-11-2021 22:54
SELL Limit
Open price: 4,695.27
Sell 2.00
23-11-2021
09:09:29.499
Stop 4,672.48

2)
23-11-2021 10:31:20.750
Sell Limit 4,663.55
Sell 2.00
23-11-2021 17:59:46.212
Stop 4,663.33