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Possible Buy Trade on US30 / Dow Jones

已更新

This is my analysis trade for US30. Weekly is bullish all the way down to 4H for HTF direction.

I will not chase the price instead. I will wait for the pullback for the price to go to my buying zone
for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to buy again for another possible round of bullish action for this market.

I added a trade alert so I will not look at this pair in the week until my alert gets triggered.

Once price goes to my buy zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.

Possible target would be the all time high price as well.

I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.

註釋

I am adding a new buy zone since price did not retrace on my previous buy zone and price made a new higher high on 4H.

註釋

Possible Buy Stop order on 5M

註釋

Moving Buy Stop order further down to get tighter SL as price goes down as well.

So once we get filled, we have a better RRR.

交易進行

Trade now active for a decent 5R RRR.

註釋

1st attempt Lost on 5M TF.

Will try one more buy entry again just as long price is still in my 4H buy zone.

註釋

Possible re-attempt now at 3R only.

交易進行

註釋

Trailing SL now to minimize risk

註釋

Trailing SL now to small profits

手動結束交易

2nd trade closed at 0.4R for just a small profit since price went down to my trailing stop loss.

No loss made but just a small profit.

For the 1st trade, I lost 1R and this one is like 0.5R so overall we lost -0.6R

I beieve there will be a possible sell setup for this pair this week.
So I will publish a new idea later on on how I will trade US30 if I see more sell scenario.
Price may pullback to a very good sell zone for another sell opportunity.

註釋

Going back on 4 HTF I can see that price may still go to my original buy zone and that's the time we can also get another chance for a good buy setup.

For this week, two trade attempts gave me -0.6R RRR so if I can get a good buying opportunity this week, we can be positive overall on trading this pair for possible buy

註釋

Now I have (2) two situational conditions here.

If price goes up first to my sell zone on 1H timeframe, I will sell from here first and target my original buy zone at 42,544

But if price goes down straight first to my buy zone at 42,544, then that means I will be looking a possible buy trade just like on my original main idea on this published idea.
And I will be targetting the all time high.