Posted in the Elite room at 12:41pm ET:
Howdy folks, a little late to the game today, just spotted this sweet little setup on NQ
It just hit the target for a 5 point profit.
I got back in that down move off of the bounce of the blue ice line for a 4.75 point profit
Here is one that is oscillating right now, bounce off the green izone with a red ice level just below out target blue ice level
Just took profit on that last setup on NQ at 4093. I moved my take profit down to the top of the red izone that formed while the trade was playing out. It did touch the blue ice line but with the new izone being formed, better to be safe than sorry.
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@timelord914 Peter - good that this trade worked out for you… but i have a question (same question which i posted on few other charts in your post - basically i was reviewing izss entry rules by studying the example charts like yours) … in the above long scalp (13:01:35) - the bar was not green, the trend flip line did not flipped to green - then what made your take this long trade?..
Thanks for the clarification…
Vad
On this entry, I was looking at the price bouncing off of the red ICE line and a green izone. ICE levels can act as strong support/resistance areas and when they are in close proximity of izones those support/resistance zones can be stronger. So just as bar color, trend bands, trend flip indicators can act as clues for entry, so can your ICE levels and izones act as clues for trade entries.
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