ESU3 Trade on Jun 29, 2023 10:07 from Ninjon: Tradervue User Stock Trades.

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Ninjon

 

DETAILS
TP: 4428.50
SL: 4420.50

BIAS
Bullish. DXY 5min candles pinged off the top of the weekly FVG starting at 9:45 AM. ES 15min candles pinged off a NDOG at 9:30 AM and started climbing. I'm anticipating a continuation to the upside.

ENTRY REASON
Entered as price rested on the top of the RTH high as I believed that price has balanced already and had no reason to go lower.

RESULT
Stopped out. Almost instantly.

REFLECTION
I should have waited for the candles to close which is a signature and technique I like doing. I would have been way more safe in this regard. I was clearly mistaken on the rebalance of the RTH. I still hold a bias of price going higher. Will check after.

10:17 AM 1hr candle 9:00 AM failed to close in the 1hr FVG. Price has no willingness to go lower. 10:00 AM opened and pressed higher (Judas Swing), and then broke lower aggressively to rebalance the RTH. After the rebalance, price is now sailing upwards.

Don't beat yourself up champ. You were on the right side of the market, your entry was off, that's all. Patience. I'm happy that my analysis was still correct.


Execution detail:

Date/time Symbol Side Price Position
2023-06-29 10:07:08 ESU3 buy $4423.50 long
2023-06-29 10:07:37 ESU3 sell $4420.25 0


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