Trade Detail
dreezyreeve's /MNQ Trade Planned
Trade Details
- Published
-
Dec. 13, 2024, 3:09 p.m.
- Status
- PLANNED
- Portfolio(s)
- Broker
- Asset
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Future
- Future Date
-
Dec. 13, 2024
- Future name
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/MNQZ24
- Symbol
- Type
-
Long
Auto-generated Chart BETA
Notes
Based on your trading notes, here are the key takeaways:
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Opening Drive & Trend Failure:
- You identified the opening drive with a failure to shift the trend in the 1-hour dealing range. This suggests that you are watching for the initial market move and are aware of potential trend reversals or consolidation phases after the opening.
- You successfully spotted that the trend did not shift as expected in the 1-hour range, which indicates a keen sense of market behavior at the start of the session.
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Early Entry Opportunity on the 30-Minute Chart:
- You mentioned an early entry opportunity based on the 30-minute chart, which allowed you to catch a 30-minute bearish breakeven block. This shows your ability to scale down to a lower timeframe and find potential trade setups.
- The concept of a “breakeven block” indicates that you're paying attention to areas where price may show resistance or pause, which could be useful for taking profits or managing risk.
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Use of Multiple Timeframes:
- You suggest that, in the future, when looking for a shift in the 1-hour dealing range, using a lower timeframe could provide better entries. This highlights your flexibility and awareness of how multiple timeframes can complement each other to improve trade timing.
- This takeaway reinforces the idea that using a mix of timeframes (like 1-hour and 30-minute) could help you pinpoint stronger setups and improve entry precision.
Areas for Focus:
- Exploring Lower Timeframes: Given that you’re considering lower timeframes for better entries, you could focus on enhancing your skills in transitioning between timeframes, recognizing patterns and potential shifts on smaller charts.
- Refining Breakeven Blocks: Keep analyzing and using breakeven blocks as part of your risk management strategy, as they can help you secure profits or protect against reversals.
- Trend Shifts & Range Breakouts: Stay mindful of trend shifts and the role of dealing ranges in defining market structure, especially during the opening drive. This could help refine your understanding of market sentiment and provide more precise entries.
This approach is useful for both capturing trends early and managing risk efficiently.
Key Takeaways from Your Notes
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Multi-Timeframe Confluence Around Sell-Side Liquidity (SSL):
- The 1-hour timeframe provided confluence for the SSL level that ultimately held, despite your anticipation that it could fail against the predominant bearish trend.
- The 30-minute timeframe was key, as the 1R profit target for the short setup had already been reached. This signaled a partial exhaustion of bearish momentum on the lower timeframe.
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Dealing Range and Timeframe Alignment:
- At 10 AM, the dealing range on the 1-hour chart shifted bearish with structural displacement. However:
- The 1-hour bearish fair value gap (FVG) saw its third candle close above the SSL level.
- This subtle structure break hinted at a potential counter-trend shift and a weakening of bearish pressure.
- At 10 AM, the dealing range on the 1-hour chart shifted bearish with structural displacement. However:
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Profit Targets Across Timeframes:
- The 1R profit target on the 30-minute chart was reached. This added another key signal that a counter-trend opportunity could form.
- Targets on the 1-hour and 2-hour timeframes were still unfulfilled, suggesting the potential for continuation but also offering liquidity for a reversal.
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Bullish Fair Value Gap Confirmation (1-Minute):
- At the open of the next 1-hour candle, a 1-minute bullish FVG appeared. This served as the entry signal for a counter-trend trade opportunity.
- The FVG provided a low-risk, high-reward setup in line with the potential reversal off SSL.
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Mental Long (Missed Opportunity):
- You identified the setup, recognized the bullish FVG entry, but opted for a mental long instead of putting on risk.
- The trade played out successfully, reinforcing the importance of trusting your analysis when all signals align.
Lessons Learned for Future Trading Sessions:
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Watch for Multi-Timeframe Alignment Near Key Liquidity Levels:
- If a lower timeframe (e.g., 30-minute) target is reached, while higher timeframes remain unfulfilled, there may be exhaustion and a counter-trend opportunity.
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Dealing Range Confirmation and Candlestick Closes:
- Pay close attention to candlestick closes within FVGs and at liquidity levels.
- If a candle closes above/below the liquidity after displacement, it may signal a weakening trend or reversal.
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Trust Your FVG Entry Signals:
- When multiple timeframes align (e.g., 1-hour SSL holding + 1-minute bullish FVG), the setup becomes higher probability.
- Taking the trade with appropriate position sizing will ensure you capitalize on these opportunities.
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Key Role of Profit Targets:
- Use lower timeframe profit targets as a signal for potential trend exhaustion.
- Targets unfulfilled on higher timeframes can offer liquidity for reversal setups.
Summary:
Your ability to identify the weakening bearish pressure, confluence between timeframes, and the 1-minute bullish FVG was spot on. The mental long highlights your great analysis but also an opportunity to improve confidence in pulling the trigger on these setups in real time.
In future sessions, integrate this playbook setup:
- Key Liquidity Level
- Multi-Timeframe Exhaustion (Profit Target Reached)
- Candlestick Close Signals
- FVG Confirmation for Entry
This was a textbook counter-trend reversal setup—well spotted! Let’s build on this for the next opportunity. 🚀
1:48PM. I wanted to jot down some notes regarding the muti timeframe sell side liquidity level that wound up holding, when I thought there was still a good chance it would fail against the predominant trend.
The lowest timeframe that had confluence with this sell side level was a 1 hour chart, and around 10AM, the Dealing Range shifted bearish, once the 1 hour candle and trend shifted. But I noticed that on the 30 minute chart and breaker block/variation short, the 1R profit target on the 30 minute timeframe has already been reached. Meanwhile the profit targets on the 1 hour and 2 hour timeframe lower have not yet been reached.
But I noticed that although the 1 hour candle displaced through its 1 hour structure, the 3rd candle in the bearish fair value gap variation, closed above the 1 hour chart dealing range sell side liquidity level.
so between that, and the 30 minute chart first profit target being reached, I thought it was very plausible that we could see the level hold for a counter trend trade opportunity.
And at the open of the following 1 hour candle, I saw a 1 minute bullish fair value gap was created, and I decided to take a mental long instead of actually putting on risk, but that long worked out and would have paid off well.
I have ton note this so that I can potentially take advantage of another trade setup like this in the future.
Caught the opening drive with a failure to shift trend of the 1 hour dealing range.
There was an early entry opportunity on the 30 minute chart, that provided a 30m bearish breakever block.
This may be useful in the future being that if we are looking for a shift in the 1 hour dealing range in the future, we may even be able to go to an even lower timeframe in order to take advantage of the opportunity.
Transactions
Date | Side | Amount | Price | Commission | Reg Fee |
Dec. 13, 2024 15:04:25 | Entry | 0.0 | 0.0 | None | None |