A+ Setup: The best kind of build up

18. Sept. 2018This is the sort of setup that will make your week, month, or even your year.

You know when you just "know" a setup is going to work?

Well, I'd like to stop "just knowing" and actually define this. Because this is the sort of thing, if you traded exclusively, you'd have ridiculous W% and R stats, and crazy growth.

Here's why this setup is GRADE A+:

• [1] There's an overall, big picture bias. In this case, the D1 looks very heavy.
  [2] There's nothing that happens premarket to challenge that idea. Instead, the premarket action helps strengthen the bias. In this case, it's a wedge against the level we're looking at. Price has floated down to a level that's been tested twice and never really altered.
  [3] AT THE OPEN...Price forms a clear range within the 1m range. Price breaks out up (against our bias), but quickly traps longs and closes back down into the rage and quickly collapses.
  [4] That's SUCH a significant trap that it breaks past the low of premarket (the most important level) and straight to low of prior session. Prior lows COULD have been a great level for longs. BUT, as soon as the prior session lows were accepted, price was only going one way (and not chopping).
  

It's really a fantastic setup. Study it, use it.