US100 Trade Log - NFP + Bad Apple Earnings

2024年11月1日

Trade Log (31/10/2024) - US100 Short Setup

1. Context: The setup is influenced by multiple bearish factors:
- Recent Non-Farm Payrolls (NFP) data indicating weaker-than-expected job growth.
- Bad earnings report from Apple, adding to negative market sentiment.
- Formation of a bearish wedge pattern on the charts.
- 1H timeframe shows a short signal within a Fair Value Gap (FVG) acting as a supply zone.

2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: Enter short when price retraces into the 1H FVG and shows bearish signals, such as a reversal candle or rejection wick.

3. Stop-loss and take-profit:
- Place stop-loss above the upper boundary of the 1H FVG to protect against false breakouts.
- Set take-profit at twice the stop-loss distance for a 1:2 RRR.

4. Additional considerations:
- Monitor market reactions closely to any follow-up reports or news related to major tech stocks.
- Be prepared for increased volatility around NFP data and Apple’s impact on broader tech sentiment.

2024年11月1日

註釋

Remember NFP in 15min, I'd short the wick if it pumps prematurely.

2024年11月1日

手動結束交易

NFP 12K, I'd sit it out.