Felt good walking into this one.
Price above the 200 EMA and VWAP, quiet open, clean pullback into the golden zone. SL at the 1.0 fib. Everything lined up.
Got shaken out right before the real move. Watched price push to 29,692 and beyond without me.
The read was right. The levels were right. Market just tested conviction one time too many before following through.
Same setup prints again tomorrow, I take it.
Ezi
Took an ORB trade on NQ during London open. Price broke above VWAP and EMA, momentum looked clean. HTF was bearish though so I knew I wasn’t holding this long.
Entered at the 0.3 fib, stop at the 0.7 fib. Trade moved nicely, started trailing after breaking HH. got stopped out on my trailing stop.. Bit annoying but given the HTF context I wasn’t going to let it breathe anyway. And it dropped right after so risk management was key here
Ezi
Price was already below VWAP with a clearly declining EMA bias was obvious. I waited for the pullback into the golden zone, 0.618 to 0.786 fib, with the 1.0 at 29,267 as my stop.
After a rough week I only wanted a trade that checked every box. This one did. I shorted the pullback, the breakdown followed, and price pushed all the way down to 29,120. No forcing, just waiting for the zone and letting it play out.
Ezi
It was 15:45 and I thought I had it. NQ1! above the EMA, above the VWAP, levels looking clean. I entered at 29,238, slapped my stop at 29,176 and set my target at 29,362. Nice 2:1. Leaned back, felt good about it.
What I missed was that the EMA was going nowhere. Flat. No slope, no momentum, just price chopping around above it. The bulls tried to push through the ORH twice and got rejected both times. I told myself the breakout was still coming.
It wasn’t.
At 16:00 the market just dropped. Red after red, straight through my entry, straight through my stop. Sixty-two points gone in minutes.
Next time I wait for the setup to be obvious, not just good enough. 📈
Bad start of the week🫠
Ezi