1st Trade of the Day

• Asian Session has finished and two questions as usual

  • Where are we coming from?
  • Where are we going to?

• We have M15 Bearish BOS. And then price disrespected DOB. If we disrespect DOB, our next stop is to visit Extreme OB. So, based on our rules we are very clear what we are looking for. But, I am not in hurry to enter until I get something really clear and solves both of my questions above.

CME_MINI:NQ1! Chart Image by imrantradingdesk

• The price was really fast and never offered any opporutnity to enter long until we get to Extreme OB. But, we are very clear now that we are looking for SHORT on Confirmation Entry Model (CEM). Let’s wait for the MSS

CME_MINI:NQ1! Chart Image by imrantradingdesk

• And there we go, we got the MSS. Now looking for a confirmation entry on LTF.

CME_MINI:NQ1! Chart Image by imrantradingdesk

• After M15 MSS, we got M1 range and thankfully market took all IRL so there’s no IFs and BUTs where to Sell. STO (Sell To Open) at IRL and BTC (Buy To Close) at 5R (Fixed)

CME_MINI:NQ1! Chart Image by imrantradingdesk

• And here’s 5R as a result! Super Simple Textbook trade.

CME_MINI:NQ1! Chart Image by imrantradingdesk

• If some folks are wondering what’s happned to last candle, it is news. Though, news candle took me to the final target but my analysis was started way too early and entered after I sovlved my two question above
  • Where are we coming from?
    • In this trade, we were coming from Extreme OB
  • Where are we going to?
    • We are going to make a fresh BOS

2nd Trade of the Day

• After 1st trade, we caught into much chop so if this is the case, I go 1 timeframe higher to see the picture where we are currently at. But, patience is the real challenge in every trade.