Quick scalp on the hourly red box indi

Anyone short the bias level please protect 50pips

This

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?

Red boxes

No bias today due to the pre-event price action and range expected to form. We're going to be taking it easy on this group today. Any important updates, of course, we'll share with you all.

Perfect entry and exit on the Red box algo. Only one decent set up on this during the NY open, think that's enough for today. Support plays 2640 with resistance 2655 which will need to break

As above, 2640 - 2655 that's the play. Not worth getting involved with it now

NFP today. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. This is not trading, this is gambling! Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment

Support held us up well presenting the long, we wanted 2670, price halted just short at 2667, still a decent move for an early session trade.

Today's Red Boxes