For the Silver Bullet Entry (10:00 AM – 11:00 AM), first, we need to determine whether we are looking for lower or higher prices in the Higher Time Frame (HTF). Once we establish in the HTF that we want to see higher prices, be patient and wait for the right entry. The Silver Bullet (SB) occurs after a liquidity sweep in a discount if we are Bullish. The Dollar Index gives us confirmation by showing that DXY is Bearish, so we are in a risk-on scenario. We buy at a discount with the breaker to distribute our long positions in a premium. When we have a clear Draw on Liquidity (DOL), we use Standard Deviations (STD) to look for confluences along with the DOL.
NQ A+ setup trade review 11/10/23
Because we have a bullish bias, after the equities open (9:30) retail traders chase the first price swing, where as smart money will be waiting