Shared by
Goku_BOWS
Daily Setup: Failed breakout
Intraday Setup: Retest of breakout level
Layers of Probability: Daily level, extend 5, ES and RTY lost CPI level
Entry: Built in against 13350 daily level
Stop: Originally high of pivot, jumped out early when it started to uptick
Profit Strategy & Targets: Covered 1/3 a bit quicker to reduce risk, was too large. Missed next cover by 1 tick.
Thoughts/Thesis/Notes during the trade:
Looking for a bit more of a pullback to the short term MAs.
Don't like how it's in the middle of the daily range.
Big daily level.
Started to uptick a bit quickly and has been strong off lows.
Didn't follow plan and closed early so I could flip long.
Areas of Success: Good plan with daily level.
Areas to Improve: Too much size, may have swayed my decision to get out early, which happened to work this time, but is not a consistency strategy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-05-10 15:09:40 | MNQM3 | sell | $13342.00 | short |
| 2023-05-10 15:10:27 | MNQM3 | sell | $13349.75 | short |
| 2023-05-10 15:13:51 | MNQM3 | sell | $13356.25 | short |
| 2023-05-10 15:18:31 | MNQM3 | buy | $13349.50 | short |
| 2023-05-10 15:26:57 | MNQM3 | buy | $13357.50 | 0 |
Comments
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hard to see on the chart here but it seems like it was a good trade idea and its just annoying you missed target by 1 tick