<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> How to manage a trade / Last hour of trading / DOL + Time / OB Sauce

</aside>

During Last Trading Hour of the day, ICT entered LONG with the premise that it is MMBM and that it would send price to the New Week open Gap.

That highlighted area might be mistaken for a breaker, but its not. Its a speed bump. Why is not a breaker? Understanding narrative will prevent us from getting hurt.

• Price was in a hurry, last hour not gonna mess around so it cuts through the breaker. By the way, the "breaker" caused a very minor bearish candle which was used to accumulate more longs.
• He says its not a breaker but it is a breaker? I think he meant that its more of a breaker that will fail. I could be wrong but this is what I got from it. Technically a breaker but not gonna hold price due to DOL and time.
• Because of the bullish bias - if I’m bullish I’m not looking for any bearish breaker (until BSL sweep).

Once we see lots of speed and expansion we can assume we are mostly right on our bias. We can move SL to BE. It should be trading aggressively to the BSL and eventually to that new week Gap.

💎OB Sauce: Most recent down-close candle. Watch the high to its open. That is highly sensitive area

We can expect a small pullback into the recent FVG.

Taking 80% of the position off at the CE of the Weekly Open Gap. If it gets to that level, then our thought process is that it will try and go to the top end of the Gap.

Now when we hit the low end of the Weekly Gap, if price pulls back to the FVG below BSL, we would want to see it support price, and to have a immediate rejection and go higher. Since we hit the low, now we can start looking at the CE.

Price hit the C.E. and we got our 80% off of the position. Now we move our SL higher. We got the lions portion of the move. Now what we are watching is if we find some support, without leaving the lower quarter from the CE to the low of the gap. We want to see it accumulate and expand higher.

Our stop can be below that lower end of the Gap. ICT placed really tight cuz he doesn’t care. Tomorrow is FOMC so today it could go reckless and continue higher. We don’t want to let it come down all the way down to the blue FVG. If it takes him out, he is happy. Now our focus is on the upper end of the Gap. And along the way we will be peeling off the rest of positions. 1 by 1 contracts. The first one will be taken out here….

As soon as price runs above those 1m EQH, we peel off 1 contract. This is called, Running down Equity.

Price runs above them, and we take 1 off. Now once price makes a HH above the current candle we take 2nd contract off.

The 3rd one comes off here in the area from where we currently are and the Top of the Gap.

Boom : )