NQ setups

1. 4H levels with less than 0.5% penetration tend to hold, tradable with doji or hammer right away (If no clear bounce, set stop loss 0.5% below level, raise stop to 50p if no bounce within 6 hours)
2. 1H penetration of 4H level often offers retest, so avoid buying or selling breakout
3. Strong 4H level break + aligned with BCs = long
4. Levels don't matter during panic, trade averages instead
5. 4H trend change followed by 4H BC retest rejection mean that levels may not be reliable
6. A strong bounce taking out 2 levels at once may not respect the next resistance
7. Dow trend matters less in NQ except for giving more reason to long a level breakout

Any emotion? Any thought? Any event? Any distraction? Any fatigue?

Any market opinion that may be a personal bias? Any outside influence and bias?

Signals:

• Monthly pin in Apr
• Weekly IBB

ETH trade

A. Dow trend:

• Note both long and short setups

B. Average trend:

• Much preferred to trade with the primary trend
• For a trade against 4H trend, there should be a 3 sigma move or squeeze sell signal

C. Average and level tend to be less reliable in ETH with overshooting

• Wait for retest

D. Pattern:

• Breaking out or signaling consolidation?

E. Squeeze:

• Don't trade against a young squeeze
• Note divergent momentum signals
• Is the Bollinger band setting up for a squeeze?

F. TPO:

• If a POC is forming, don't rush into entry
• Note singles that may attract price

G. AVWAP

• Note significant AVWAP support or resistance that may cap price

H. Final preparations:

• Wait for relevant candles to close
• Enter the trade in the direction of the last candle on relevant time frames
• Check for economic events again before entry
• Take a moment to reiterate purpose, process and presence
• Access the flow state

RTH trade extra tools

Identify a setup first then use TICK and 5 min for fine tuning

Review market tide and net flow every 30 minutes or so

Stop loss management

• Follow 20MA of the relevant time frame initially
• After a few bars, tighten stop loss aggressively and follow 10MA
• Jam stops with new signals, review potential risk of not moving stops
• Depending on the trend alignments, take quicker profits in a range trade and secondary trend
• Especially when there is a sense of gloating, usually a good get-out signal
• 1H or 4H 3 sigma move - take profits if unable to breach the next higher time frame
• Take a 15 min timer break after stopping out on a short-term trade