Trend Analysis & Price Action:
Primary Trend: Expansion zone (trade the price action with).
Went long off of a 15 minute 3bp bottoming tail setup.
2/2.
Multiple Time Frame Analysis:
Hourly: gap down into parabolic sell into formation of huge hourly bottoming tail.
15 min chart: 15 minute chart 3BP with bottoming tail as first bar.
5 min chart: bottoming tail represents a 5 minute BREAKOUT setup.
2 min chart: breakout sequence.
1/1.
Confluence Analysis (Not 100% necessary, but good to have!):
-Hourly huge bottoming tail
-gap down into parabolic selling (overextended)
-15 min 3bp setup long
-super breakout pattern setup on the 2 min chart.
1/1.
Thought Process:
We decided to trade this 15 minute 3BP setup with the 2R AON trade approach.
We entered off of the breach of high of the 3bp setup and set our stop-loss @ the low of the 2nd candlestick in the 3bp sequence.
1/1.
Trade Score (out of 5):
5/5 .
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-13 11:20:03 | SABR | sell | $5.620 | short |
2020-04-13 11:20:03 | SABR | sell | $5.620 | short |
2020-04-13 11:20:03 | SABR | sell | $5.620 | short |
2020-04-13 11:20:03 | SABR | sell | $5.620 | short |
2020-04-13 11:20:03 | SABR | sell | $5.620 | short |
2020-04-13 11:34:02 | SABR | buy | $5.430 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!