Break of structure, trend reversal and follow through.
Waited for pullback and brought puts on continuation.
Patience always pays. they market will always give you what you want the key is do you have the patience to wait for the giving.
Break of structure to the upside.
Waited for pullback on 15min and brought calls in continuation.
Made $1K on this trade.
It's important to stick to the same process wait for pullback after the move is made on 30min or 15min depending on how quick the price is moving.
Risk reward is Key. This trade allowed me to control my account and not end the day in the...
Break of structure + Break of Trend + Gap down on open
Price gapped down on open
First entry, Waited for price to pullback on 30min chart and brought puts on continuation
Second Entry, Waited for price to pull back again on 30 min chart and brought puts on continuation.
Break of structure + Gap up on open
Waited for 30min pullback and brought calls on continuation
will add on if we get the daily candle break and another 30min pullback, call will be brough on continuation
Tight stops as this against overall bear trend.
Not financial advise. please use proper risk management
Gap Down on News (Bad CPI data)
Gap down below previous days low + Bad News = Get short
Gap down and waited for pullback on 15min chart
Brought puts on continuation lower than pullback candle. Notice how the pullback candle is always 1-2 small candles. This creates low risk entry.
Break of structure /Change of Character
Break below lower high. When price goes from new Higher high + break of structure low = Changer of Character
Waited for pullback on 30min chart.
Brought puts on continuation lower than 30min pullback candle.