News Today:

Notes about Today:

• No clear setups for my trading system. Struggled a little bit mentally and a part of me wanted to try to scalp to make back a small loss i took during Asia session, but I was able to stop myself.
• Looking back at the price action today, there was a relatively good setup at 10am. One thing that confused me, was SMT. I was specifically looking for either ES or NQ to sweep on a certain level, but this forced me to not notice another SMT to form. This price action was very volatile, so I’m not beating myself up for missing this out, to be fair, it would’ve been completely okay for me to not even watch the price today, as CPI days are always extremely volatile. BUT, today I’m learning more and more about my setups and my system and how I can use SMT in multiple ways.
• Basically, if time aligns and also price is inside of a PDA, any SMT should theoretically work, if we are trading in the correct direction according to HTF bias. This doesn’t mean that we need to always sweep a level, CPI data candle already did that for us. So, maybe I could’ve treated this setup more as a continuation form of an entry, where the sweep of BL was not completely necessary.

1m Time Frame Idea and Possible Execution with Risk: