S&P 500 Long — 2023-11-28
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
11/28/23 #SPX #BUYSetup
Took this trade based on the the 1H+FVG and 1H+BK after we took out the PDHs from yesterday and Friday. We also traded through the NWOG and I thought we'd hold onto this move higher from there. The entry is at the 1H+FVG(MT) and the initial stop loss was the low of the 1H+BK (75 pips). The SL was adjusted to the DL (129 pips) and the overall target in 4590 (367 pips). Risk off is at 4561.20 based on the initial SL or 4565.84 based on the adjusted SL.
As of 6:43pm: trade it at BE and risk free but I want to see if price can push completely through my 1:1.
As of 9:07am: Locked in 2.74% at the 1:1 and left a partial in as we took out the PWH I've locked in the trailing stop at 4.74% in profits. Trailing based on the previous 4H candle low
As of 9:35am: locked in the trailing stop at 6.32% in profits. Trailing based on the previous 1H candle low
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Cory publishes the working thesis before the session, not after — this Playbook and Trade Review are part of that same documented process. No signals, no highlight reel.
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