Market open and close setups

Trading Systems
1

I was doing a journal in here and decided to just record my trades automatically on the computer. My goal for starting this thread is to put my set ups in here as they occur at market opens and closes and get some feedback. I look for at opportunities with at least 2:1 r/r.

The trades vary depending on what I see and I am mostly looking for market open/close swings to form and attack.

My primary purpose in starting this thread is one, to post a set up and second, to work out a strategic entry by observing the original trade picture after the dust settles in order to reduce risk with the help and feedback of others.

2

Here is a basic set up that I look for, MACD Divergence with a trend line break after a run (trend line Drawn from 1 Hour chart)

Nice pullback to trend line with rejection. Added fibs for possible entry and targets.

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3

1 hr has new lower lows, Looking at counter 48 pips @ 2:1

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Trade closed out at 2:1, the trade actually climbed to my 3:1 target before stalling

London Close
Looking for 120 pips @ 3:1 to the downside with an impulse; the 1 hour trend is down

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4

Stopped out on last UC trade. Tracked high for new set up near the close of NY. Still shooting for 3:1 at 1.4423.

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