April NFP Pump and Dump

4 apr

I am looking for a false break reversal after no follow through of a bullish bar. I will enter on the close of the bear candle that takes out the high bull. Trend is bearish until 30,000

4 apr

Trade chiuso: obiettivo raggiunto

I was expecting a pullback but the market just dumped right at Asia Open. I took a pullback into resistance and entered in on the close of the Bear 180. Because the ATR was hovering around 230, I used a 285 tick stop (1.25X) I then proceeded to go for my reliable 2.5 risk to reward, which was 713 ticks. It took 3 hours before it hit my target.

I felt like I executed this trade as flawlessly as I could. No errors were made that I can see.