If thinking $NQ long for IB, the IB 25% retrace lines up well with CE of the 1st FVG after 10am. Great spot and can manage risk tightly there if it offers up that type of opportunity. Again, fairly comfortable saying the IB lows have printed 1st.

@PatternProfits If you are considering an entry at the 25% level where do you put your SL?. Below VWAP, 50% or 75% - the 1st 2 would have been stopped out today. It seems a bit arbitrary to me.

There was news and a swing low right near the midpoint. Makes sense to use that level. I shared my entry/initial stop & even moving my stop up & then to b/e. Just check my TL replies. It's only arbitrary if you choose not to be consistent about it. Not an issue at all for me. We were below the FVG or else that would've been my initial stop without news.

@stokerm I don't use VWAP for IB.

@stokerm Also can't blindly enter at 25% just because price is falling to it, especially when it's due to a headline. Wait for the swing low to print and if it lines up well with another level at 50%, 75%, FVG, etc then the stop placement is obvious.

@PatternProfits Great thanks! So you would wait for the 3rd candle to close thus confirming the swing low before entry?

@stokerm Exactly. That's how I always do it.

@stokerm Sometimes it's obvious and there's no reason to wait on the 3rd candle close.

@stokerm This also helps for some to train the eyes. Strength setting of 2... tradingview.com/script/n6djFgQ…

@PatternProfits So a yellow bar forms when there is an FVG and the range is 4xSTDV of last 100 bars. The suggestion is if a yellow bar forms but the market then fails to follow through a key level (like 50% IB) and forms an opposing swing point instead - it could be the sign of a reversal?