First Green Day Trade

Setup
Pips2Profit
Cameron Benson
Characteristics

-Best First Green Days will come after 2-3 Days in the downward direction.

-Typically will occur at the low of the week on a Day 1 or Day 2 of the 3 Day Cycle.

-Must have a dumping day the day before the FGD occurs.

-Can be observed a lot of times as a Friday Dump/Monday FGD/Tuesday Trade OR Monday Dump
Day/Tuesday FGD/Wednesday Trade.
FGD Day of Trade Process and Considerations
1. End of day consolidation drawn the night before
a. Want to see how the current day has reacted, and those areas can also be Areas of Interest.
b. Want to see if the market has come down in 3 levels going into a session, or if the market is simply breakout out
straight away.
2. Look to buy at the low of the day or the low of the session.
3. FGD is a high tier setup and although I want to get to breakeven quickly, a minimum RR of 1:3 or 1:4 is
usually my target.
4. After in the trade, it should go parabolic within the next 15-30 and have little to no pullback.
5. If the current days FGD fails and goes back into consolidation, the market might be setting up a move
in the next day. DON'T FORGET ABOUT THE PAIR.