Risk/Stop Loss: -3.25 points
Target: 9.75 points (3R)
Realized: -3.25 points (-1R)
Unrealized Before being stopped: 0 points (0R)
Trade plan: "Inside the 4465-4470, if buyers can find acceptance and yesterday's low isn't broken, I am open to longs, targeting 4489 supply."
Confirmations: Price respecting the 4467-4462 structure 2 times already; Break of mini downtrend; Strong selling into that level not having follow through; VX still near lows.
Mistakes: Disregarding VX being at the lows and inside demand
Overall thoughts: I had to try this play long, so similar to yesterday's structure, however the strong rally up was missing, but the break of the downtrend line on the 1min made it very attractive plus the large selling not being to move price lower as well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-09-08 10:54:39 | MESU3 | buy | $4470.25 | long |
2023-09-08 10:59:17 | MESU3 | sell | $4467.00 | 0 |
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