Day Trade Jul 11 Fri

Read before entering trades:

  • Stop loss - tight stop loss
  • Profit taking - Take 2x or even 3x target in strong trends
  • Otherwise, always take half off at 1x target and lower stop loss to 50% retracement

Notable signals:

  • Monthly pin in Apr
  • Weekly IB in Apr
  • Daily bullish IB on Jul 9
  • 4H bearish IB on Thu
  • 4H uptrend
  • 1H downtrend as of Friday noon
  • Not trending according to 4H or 1H BC since Jul 8
  • All TFs equivocal
  • 22900 support weakening
  • 23100 resistance
  • 4H pattern: rectangle
  • 1H pattern:
  • 1H Boll bands moving out
  • Daily squeeze: started Jun 27

AVWAP

Latest AVWAP acting as resistance

ETH TPO

Weekly VA 840-040

RTH TPO

VA and TPO continued to move higher

High volume bar?

  • Volume lower

BB lower band (3SD):

  • Flat

BB upper band (3SD):

  • Curling up

Z-score >2 or < -2?

  • 1.1

ATR/SD correlation > 0.9?

  • No