julianlopez0421lol@gmail.com's /MES Trade +$82.59
Trade Details
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| 4,274.50 | 4,278.94 | $6.16 | 2.0 | $8,549.00 | 0.10% | $82.59 |
Transactions
5 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Jun 06, 2023 09:41:29 | Entry | 2.0 | $4,273.25 | $1.54 | $0.00 |
| Jun 06, 2023 09:48:35 | Exit | 2.0 | $4,274.00 | $1.54 | $0.00 |
| Jun 06, 2023 09:58:11 | Entry | 2.0 | $4,275.75 | $1.54 | $0.00 |
| Jun 06, 2023 10:11:45 | Exit | 1.0 | $4,284.00 | $0.77 | $0.00 |
| Jun 06, 2023 10:11:56 | Exit | 1.0 | $4,283.75 | $0.77 | $0.00 |
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Thesis: Get Long above 4134 which is a key level and I would not like to see it act as resistance
Market Context: We sold off below 4134 but my ideal play is always a retest. However I noticed strong buyingn at the lows (4170) and sellerstrying to push lower but would get bought up. Where/Why did I enter: I actually took two trades. First trade I took a trade speculating strong buying above 4134, however we broke above it with strong buying volume but no continuation which is a red flag in my book (do not want to be a trapped buyer). My second trade when we pulled back at 4134-4130. I loved the volume which was represented in these areas and there was a lot of buying as well (delta column). I took the trade @4135 with a 3 point stop loss which is my sweet spot for risk.
Where/ Why did I exit: I exited at my 4185 level which has shown to be a level of support that turned into resistance. I sold 1 contract at the top once we hit it and sold another one once we saw that we could not break above. There was a lot of liquidity at this area as the ask built up the closer we moved to the level.
How can I improve: Honestly I think this was a textbook trade. There is always room for improvement when it comes to trading but I believe this trade was a flawless one which I give a pat on my back for. Perhaps I could have sized up due to the confidence in this trade and this is something I could learn from. Believing more in my trading capabilities.
What I did well: Held to my target. Biggest flaw with my trading as I feel like I go with the motto "Green is green" but for this trade I held to my target. Also patience was really good here as I waited for that pullback.
Confirmations: Strong Buying, Pullback, Huge ask at TP level, Respect of my key level
Entry: 4175 Stop Loss: 4172 Target: TP 1 4185; TP 2 4190 Take profit: 4185 RR: 1: 3.334