NQ OCT 5 Entry
October 5 I practiced only one entry and done.
We had news at 8:30 NY local time for Unemployment claims. high impact driver
I watched price rally up the afternoon of October 4th leaving a healthy amount of buyer positions being accumulated along the way.
the next morning my first thought was to wait for news to pass and see what it creates along that time, when 8:30 am news hit the market and created a SIBI or (Sell Side Inefficiency Buy Side imbalance). [/I]
When this is created it is probable that price may need to come back and fill the SIBI to fill orders when market was inefficient, also note that there was a -Order Block created that was revisited as my entry as added confluence.
I then entered at targeted the nearest Sell Side Liquidity (SSL) as the "low hanging fruit".
Trade hit Take Profit and continued on a little longer to fill the BISI or (Buy Side inefficiency Sell Side Imbalance)[/I] created OCT 4th @ and low of 14719.50 highlighted.
Below is a snapshot of the entry that morning and trade execution
and second image below is a chart showing full move filling in the "obvious BISI"
ENTRY
Over all move to BISI
TP HIT CLOSE CHARTS AND BE CONTENT
We had news at 8:30 NY local time for Unemployment claims. high impact driver
I watched price rally up the afternoon of October 4th leaving a healthy amount of buyer positions being accumulated along the way.
the next morning my first thought was to wait for news to pass and see what it creates along that time, when 8:30 am news hit the market and created a SIBI or (Sell Side Inefficiency Buy Side imbalance). [/I]
When this is created it is probable that price may need to come back and fill the SIBI to fill orders when market was inefficient, also note that there was a -Order Block created that was revisited as my entry as added confluence.
I then entered at targeted the nearest Sell Side Liquidity (SSL) as the "low hanging fruit".
Trade hit Take Profit and continued on a little longer to fill the BISI or (Buy Side inefficiency Sell Side Imbalance)[/I] created OCT 4th @ and low of 14719.50 highlighted.
Below is a snapshot of the entry that morning and trade execution
and second image below is a chart showing full move filling in the "obvious BISI"
ENTRY
Over all move to BISI
TP HIT CLOSE CHARTS AND BE CONTENT
Note
I made a mistake of accidentally labeling the bearish candle a BISI on my chart this should be labeled as a SIBI not a BISI
my apologies
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.