January 29, 2025 (1 Trade) (+$127.50)
Overall Grade: B
Day Summary: Coming off a bigger loss from yesterday, knowing that today was FOMC, and the fact that I was traveling from Barranquilla to Medellín in the evening, I definetly approached the market with caution, reminding myself before the open to stay detached and that it was ok if I didn't trade today. I still however, didn't feel the most comfortable. I want to make a mental note of that. I probably shouldn't have traded at all, but I did find an ok set up. The entry wasn't the best and was a bit risky, but the trade management was actually quite good, especially the trim and then the add. Let's check it out below.
DAILY - ES
5 MIN - ES
TRADES
Trade 1 - Long 3 Contracts (+Trim and Add) @ Fakeout + Liquidity Sweep + Intuition
Grade: B
- First entry had some FOMO after a liquidity sweep, then entered 3rd contract at key level
- Fighting 5 Min & 15 Min downtrend - sketch
- held for a planned stop of a close below 6075.25 - good job holding through wicks
- great job recognizing that we would likely have trouble at the 21 ema again based on the chart and trimming a contract there
- Add was at a great spot, smaller fakeout - also I added based off of intuition after the 9:45 big green candle
- Great job holding winner through highs on the second attempt, price action was telling me it we would get a move through the 21 ema
- Good zone to take profits because this very easily could have just been a 21 ema bull trap with the current trend, even though it did actually move higher
- Entry was sketch but trade management was great on this one, even when it was a mentally challenging trade to manage (not stopping out on wicks below 6075.25, deciding to trim, adding back at a relatively scary spot on the chart, and then holding winner through highs)
FIX: Don't trade against the trend like this (5 Min - 15 Min) - Yes it worked, but it was more difficult than it had to be