One Shot - One Kill Trade Setup Review

All right, folks. So, we're going to be looking at the NASDAQ here. Uh, I did the PowerPoint perspective today because it helps me stay very focused. Helps me get through it succinctly and it avoid all the little potential rabbit trails I can go down. I don't have much time today and I'm going to be doing this earlier than I was expecting to. my wife and I have plans. So that's that. So here's the daily chart and we're going to focus in on that little area here. So everything I'm going to zoom in just shows the part that's shaded here in yellow. All right. So we're zoomed in and I want to take your attention into this discount wick and this up close candle. Okay. Okay, so these are two reference points that were not given to you yesterday when I gave you the post with lay of the land. Okay, buying in and of itself, the 15-inut time frame, I can find setups off of that. I can give criteria around that. Um, it's a bellweather chart, meaning that it it's a really strong go-to time frame, especially for intraday or short-term trading. It's it's basically one of those things you can utilize in and of itself to frame all day trading, all of your scalping, um, and get in sync with a move that's already underway on a higher time frame. So, from a daily perspective, for the folks that say, "I just can't use intraday charts, Michael. Can you just give me some some help in that regard? " Well, that's what this is here. Okay. So, these are like the the confirming strengths, okay? or the qualifiers that help yield more confidence behind the things I'm looking at sub one hour sub daily anything intraday if you look at the boundaries I created here with this last up close candle the open price so that's changing the state delivery that's happening here so it's being utilized there so it trades up into the order block and the discount wick here frames the low end. So I've measured the closing price. I've closed I'm sorry the the low of that candle and then the consequent encouragement level there. Okay. So consequent encouragement comes in at 29,21 I'm sorry 29,221.75. Market trades down today. hits consequent encroachment breaches the previous days or previous week low of on Thursday rather not the week of but last Thursday's low because there was no trading on on Friday not that would be meaningful let's put it that way so the the run