Thesis: 4410 supply breakout
Where/why did I ENTER (Confirmations): NQ sits at supply and is holding value; 4390 support from PM held price very well; Strong buying pressure above 4397. So I did get long at 4401.25 with the stop at 4498, targeting 4409.
Trade plan:
How was I feeling DURING the trade (emotions): Calm, but then got a little sweaty (also there was a little bit hot in my room but still out of nowhere)
Trade management: No trade management was done really, I saw nothing relevant to move my stop or anything.
Mistakes: Not sure, the only think for me was ES not being at supply yet, but still NQ was just looking too good inside supply, finding acceptance.
What can I do to improve: Nothing I believe.
Overall thoughts: I believe this was a good trade, as there was very strong buying after that LOD at 4392, however I entered too late and in a zone where sellers were present and buyers were weaker!
Rate this trade 1-10: 7/8
Entry: 4401.25
Risk/Stop Loss: 4398 (3.25 points)
Target: (4409) 7.75 points (2.4 R)
Realized: (4398.25) -3 points ( -1R)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-10-11 11:08:02 | MESZ3 | buy | $4401.25 | long |
2023-10-11 11:14:27 | MESZ3 | sell | $4398.25 | 0 |
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