DETAILS
TP: 4130.25
SL: 4137.50
BIAS
Bearish. I'm anticipating price to take out the 1hr candle low liquidity on Fri May 5 12:00 PM.
ENTRY REASON
5min FVG in the Silver Bullet window. I waited for the 5min candle close and entered after it moved slightly. Set my stop outside the FVG and the previous 5min candle high.
RESULT
Trade was unsuccessful. Stop was hit.
REFLECTION
I didn't enter this one exactly where I wanted to. My target entry was the 1hr FVG mean threshold. Unfortunately, I didn't set a limit order and it didn't revisit it during the Silver Bullet window. Was an 8 handle run. My assumption, was that there was more to the move as my target was still in sight.
What I learned, stick to your original analysis. If it pans out, make the jump. If it doesn't, sit on the sidelines. Also, if you miss the move, try the afternoon session or sit on the sidelines.
There's big news events on Wed, Thurs and Fri so I should have anticipated a ranging day before. Slipped my mind.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-09 10:20:17 | ESM3 | sell | $4135.25 | short |
2023-05-09 10:26:39 | ESM3 | buy | $4137.50 | 0 |
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