This is where we are from the last two weeks reports. We dipped a bit further than we wanted but there was a hot spot and breach, so longs only activated when the indicators aligned. We wanted a little more on the pull back yesterday, it given us a short and we're still active above. I'm expecting this to pull back, and it can be deeper than expected, so we'll play level to level upside at the moment.

The plan for this week was to stick to the plan from last week, so far not to bad. It just takes a little adjusting when you're live on the charts

The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!

Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?

Going to close out here and be done with the week. Wishing you all a great weekend, please take some time to hit the BOOST BUTTON on the Tradingview ideas

Last week's shared scalps on the indicators:

7 wins / 0 Losses