US30 - POST NY SESSION ANALYSIS - 05112022

11 May 2022

US30 - POST NY SESSION ANALYSIS - 05112022

Now THAT was a trade!

After my last post, price DROPPED after the negative US - PPI news.

I was in around 32450 and right at 8:30AM she dropped to the floor, at one point going as low as 31800.

I secured profits the whole way down starting at 1:3 RRR approximately at 32150.

Hit my TP of 32000

Had a trailing stop running, moved it all the way down to 32050 as price was around 31900.

Price came back and stopped me out shortly after NY market open @ 9:30AM

I was away from my station but in retrospect, price went back up around my previous entry point and exhibited beautiful exhaustion along with a double top around this 32500 level roughly.

Anyone in the market at that time could have gotten a sweet 1:5 - 1:6 RRR trade.

Awesome trading day, completely satisfied with my gains!

Let's see if we have a fresh high probability opportunity tomorrow morning :)

Have a great night!