prochargedmopar wrote:Mr. Hyde wrote:prochargedmopar wrote:
You willing to do a quick class/markup on the subject?
Or, is it 1pm Trade what you see kinda thing?
Yeah of course. Now I will preface this with "I BELIEVE IT IS 1PM EST" Im going strictly off of mermory. But it kinda makes sense. If lunch hour is between 12pm and 1pm, traders come back and probably reverse price. Ive seen it mentioned in another article to about scalping the ES. Ill look for it this weekend and post it. Its all about scalping for 1 point which in this market would be like 3 to 5 points. But its a good read.
So yeah, the 1pm reversal Lem trade is just that. You look at the 12pm 1hr candle. If it is bullish, you plan on price turning bearish. If its bearish, you plan on going bullish. BUT if price doesnt reverse and it breaks the 12pm candle then you can expect it to continue in that direction. Now Lem i believe would aim for a quick 5 points and take his money and had no problem surfing either way. I like to take it in context with HTF. So i wait for price to be at a level and then just play the reversal. Pro this would probably be a good method for you, seeing how your killing it with your day trading.
You can see the 1hr chart. Monday price was down at the 12pm candle, so you could look for longs, but there was no HTF something for me and you can see that if broke and kept on rock n rolling. Tuesday was the best one. I think i posted it already in the thread. Wed was either a quick scalp or cheat like i did and put your stop above 4305 like i did and just hold for a big gain. Why did i do that? You can see the orderblock to the left and i figured they might run 4300, so put it a little higher. i didnt trade thursaday, but it worked again. Drop to the 5m and we have a struture shift and a FVG entry with a FVG and 50 fib TP.
Let me know if that makes things clearer. Also i see Lem lurking. Hope i explained it correctly and got the time right.
spx500-h1-hugo-s-way (1).pngspx500-m5-hugo-s-way (2).pngspx500-m5-hugo-s-way-2 (2).png
Looks good.
ICT is teaching the afternoon session too in the freebie lessons.
Goes into more depth in mentorship BUT,
Basically the same setup as you explained just times are a little different.
Wait for lunch conso, then mark liquidity pools/gaps, and trade accordingly.
At this point with such high volatility he seems to want to let it run to/into the close.
Used it on UC today as was sitting around twiddling my thumbs and bagged easily.
Looked back and sure enough, good or no trigger all the way.
On ES, as far as I can see, I don't think today would have triggered for me but once again, looking back, it looked solid.
The way my daily life is working just now, this trade would actually fit in really well, so I will continue to check it again from now on.
Thanks for the memory jog, H!
