GER40 Trade Log

10월 30일

Trade Setup (30/10/2024) - GER40 Short on 1H FVG

1. Market context: Anticipating a downward move in GER40 driven by poor earnings reports, which could increase bearish momentum.

2. Setup: Short position within the 1-hour Fair Value Gap (FVG) acting as a supply zone.

3. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: Wait for price to retrace into the 1H FVG and show signs of rejection (e.g., bearish engulfing candle or other reversal pattern) before entering short.

4. Stop-loss and take-profit:
- Place stop-loss above the FVG to protect against a reversal.
- Set take-profit at twice the distance of the stop-loss for a 1:2 RRR.

5. Additional considerations:
- Be mindful of further earnings announcements that could influence volatility.
- Monitor European market sentiment, as additional poor earnings could support the short bias.

This setup leverages the 1H FVG as an entry zone, with bad earnings acting as a catalyst for the anticipated move downward.

10월 30일

노트

SL SIZE UPDATE

10월 30일

노트

A tighter SL makes sense here because our TP has a higher chance of getting hit.

11월 1일

노트

Price went without us but can still be traded in the future.