MESZ3 Trade on Sep 20, 2023 14:34 from Ninjon: Tradervue User Stock Trades.

DETAILS
TP: 4498.50
SL: 4488.50

BIAS
Bullish. I waited for the FOMC damage at 2:00 PM and didn't start looking for an opportunity until 2:30 PM. Mentor has advised from experience, that FOMC is a 2-part move. First part dropped off a cliff really fast into the CE of Tues 1:00 PM 1hr candle BISI. Failed to reach halfway point by a few ticks.

DXY did the same thing in contrast. 1hr candles have been heading downward since Thurs Sept 14 3:00 PM creating lower highs. Then during FOMC, it raked the previous high.

ENTRY REASON
2:31 PM 1min candle took out the previous high with displacement. Set a limit order on the high that was taken out. (DAR).

RESULT
Trade was successful. Target was the high created on the displacement that caused the retracement.

REFLECTION
Should have stuck to my 5 handle targets. I set this one to six as it was close to the high. Not sure what was going through my mind as I was setting the TP. Although I was successful, it didn't actually take out the high and is now falling off a cliff.
Update: I did some more digging, NASDAQ and DOW both took out their highs. ES is a lazy boy. I'm more confident now with the high as the target. Just need to keep in mind that sometimes it might not reach.