Kardec Trader walks through an intraday setup from market open, showing how to enter around 6707-6708 with a tight two-point stop and target in the mid-6710s. The trade risked small to capture roughly 4R, using order flow and early pullbacks to find low-risk entries.
So this thesis was simple. Ready market opened up. First three minutes of the market being open, we were significantly bid, right? And then looking at the order flow in the first three minutes we were significantly bid. And around 9:31 there was a little tiny pullback. I'm talking two points, two and a half points at 932. Call it 6707. It was a pullback 931 for 30 seconds time. Then the market pulled back around 936 to 940 and we held the open print. And from that period of 935 to 940, 941 there was a significant amount of selling volume coming in and holding on the pullback. I mean again, as I stated before too, this was a setup where it was not a 10, 20 point target. This was small risk getting in and putting our risk at the open price, right? When we got along at 6708, we were putting our stop under the low a day which was two points. So long at the 08 targeting the 15 16, that's a 4R, right? It doesn't equate to a lot of points. 10, 12, 15 points that we're normally going for. But when we had two points of risk and our stock where we're going to invalidate this trade being so tight, we could go in with larger size and adjust to fit a two point stop loss.
