My first trade before the Open

Friday - August 06 - Review :

Reversal in the 6th Hour :

Second Trade Wins. Net Gain $ 205. 00 per contract. Off to some scuba diving, money is not everything. Have a good weekend.

Triple Bottom at 1037 ? hmmmm....

Ronin 

Second Trade Wins. Net Gain $ 205. 00 per contract. Off to some scuba diving, money is not everything. Have a good weekend.

Would you mind talking about your strategy a little bit? I see a lot of lines, which ones are you mostly basing trades off of?

ziebarf 

Would you mind talking about your strategy a little bit? I see a lot of lines, which ones are you mostly basing trades off of?

My strategy is to enter trades on a low risk Setup at the nearest key levels. The lines are based on Market Profile, Hourly-Day Session Only, Volume Composite, and Pivots.

In that particular trade there was a confluence of an Hourly key level with S-1 ( 1075.50 ) after a very bullish reaction ( Pin Bar ) to 1073 VPOC and 1073.75 High Volume Node ( Composite ).

Also there was a Pre-Market Gap . The Red Line is the Previous Close. The Green are the Market Profile VA.

The Bullish Pin Bar closed above S-1 on High Volume and traded above the 20 EMA ( UP-Cross )

NO Reversal in the last Hour. The whole world was short and half of them got squeezed out of the way.

Up Trend Continues : Looking for BUY Setups at Key Levels...