News: CPI (Positive numbers, Pre-market selloff) (2/15/24 - COREECTION - Higher CPI = more inflation = sell off
Daily Trend: Bullish (Buyers were exhausting - sellers loading)
4h Trend: Bullish (Buyers were exhausting - sellers loading)
What was the play/Strat/Plan?: 4HR retest of support
We're you patient?: Yes, I waited till market opened to see if spy would hold a previous resistance turn support, which we got with a large bottom wick indicating buyers were stepping in
Did you wait for you're setup?: Yes
Did you wait for confirmation?: Yes (Was watching price action as the sellers kept trying to push lower but the buyers kept stepping in defending the area.
Are/We're you OK with risking what you needed to?: Yes, I was very nervous as I was in 2 contracts risking 375
Did you stop trading after 2 consecutive loses?: I took only 1 trade which was a really good winning trade
Big-picture:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2024-02-13 09:31:52 | ESH4 | buy | $4973.75 | long |
2024-02-13 09:33:09 | ESH4 | sell | $4977.00 | 0 |
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