Youtube Video: https://www.youtube.com/watch?v=wDtBBH7FMjs&t=174s
1d:3m (Futures Trading) Trend Reversal Short
-This trade was pretty clean but also somewhat sketchy. This is technically a trend reversal because the trend is clearly bullish on the day. Early on in the morning session we broke the weekly high which meant if we were gonna make a higher low then we should eventually make a new higher high and breakout of this high on the left side of the chart. I think my short was risky to say the least but it worked and I held for a nice return even though I broke my rule of only selling 10 points extended from the 8 or 10 points total in the trade. Once we broke the uptrend and bounced back up to the 8 I took the short and risked about a 2 point breakout looking for the breakdown and we had the 21 and 8 cross perfectly and I sold right at the break of vwap. This was a 9 point trade so still pretty great but wow look at this missed opportunity yet again.
1d:3m Massive grind to the upside
-Look at this trend reversal long once we made a higher low.
30d:30m
- Massive micro uptrend which means intraday higher lows and higher highs
10d:10m
- Look how on the micro timeframe we can even have smaller timeframes where trends flip every few days. See on the left we have a consistent set of lower highs and lower lows. (the HL at middle bottom left should be a LL not HL) Once we break the downtrend then we start to go ahead and make consistent higher highs and higher lows the whole way up into the friday close. There was really only a downtrend during that one single day where it started in after hours and continued into the premarket.
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