How to catch long trades in a downtrend by reading session behavior and price levels. Watch for accumulation in Asia, manipulation in London, and distribution in New York. Key levels: $106,000 and $105,600–105,500. News at 8:30am can flip the script.
If we trade alongside the higher time frame flow, we are supposed to look for longs today. But because the one hourly has shown a bearish change in state of delivery, we want to take this a little bit more cautiously and I will give you the exact kind of like criteria and triggers that you want to look for before you dive into a long so that you don't end up counter trend trading. Ultimately the trend is your friend and you don't want to go against the trend on one hourly. Remember the two key areas that we're looking at right now is at $106,000 as well as 105,600 potentially 105, 500 right within that range. We understand from our understanding of session profiles that Asia tends to be accumulation, London tends to be manipulation and New York morning tends to be distribution. Now this changes on a news day because we all understand that at 8:30am because there is news, there is going to be some kind of move during that time. Basically there is going to be a lot of volatility being introduced at that time. And, and since everyone is anticipating the volatility to come during news, you get a lot of news days where the London kill zone doesn't really do much of anything. In fact, Asia and London in this case ends up being a two session accumulation. And then we will look for the New York morning prior to the news to be manipulation and then after news or like during news and then after news to be distribution in the other way. And that's going to be the setup that I'm going to be banking on today. So currently this is. Well we can remove this as well because that February gap has already been traded through.
