Short

US500 Outlook 11/13

Updated

Bearish on indices into the week, expecting price to put in a new high then from there 1 of 2 scenarios

1. Spend time hitting the CPI price gap and bounce around

or

2. Mirror the CPI move with no retracement and reach for prices below.

Note

Short on US500.

Note

Mitigating risk early. SL moved to recent high.

Trade active

Revising to a single TP just below daily FVG

Note

Lol this one is moving fast, a lot of updates, SL above recent high in small profit, enough to cover fees etc. likely the last SL move. till TP.

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Last bit of messing with SL and TP. *am and 12am opens were stacked today, as price trades below it, I dont expect it to trade back above until it has achieved liquidity. SL moved to the recent high above the opens in case Im wrong. TPs at liquidity targets.

Note

Took half off here so i can rest easy. Though I do expect final TPs to be met, however risk management and analysis are not the same thing.

Trade closed: target reached

Damn, that was quick. 1:8RR overall (about 1:6.5RR with partial profit taking 50-30-20) Great trade for a Monday. Likely to reduce risk for the rest of the week to protect profits.

Note

I think indices are done chasing buyside, looking to get short. Hopefully can get tapped in and see price move away before the day closes, if not might try to get entry during london/asia

Note

Leaving this order on the market, London may tap me in. NY may not give prime entry opportunity

Order cancelled

Order deleted. better to wait for NY session on indices.

Trade active

Short on US500

Note

Reducing risk.

Trade active

SL at BE

Note

Theres a little voice in my head telling me to take partials here. I'm ignoring it. But if anyone is in this as well. Take partials here lol.

Note

Note to self, listen to the little voice in your head.

Note

END OF WEEK RECAP

akhena10fx

Let the algo show you its hand.

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