S&P 500 No Trade — 2023-12-14
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
Noticed that we had a potential +BRK/+FVG/+OB setup on the 1H and 15m charts. Once on the 15m chart the setup was validated and then I also tested the breaker/fair value gap depth probability theory. In this case the full body of the FVG was initiated near the low to middle of the breaker. The last up candle of the breaker crossed the middle of the FVG. Using the last candle of the breaker to establish the entry with a pending order, the pending order was pulled in without drawdown near the high of the breaker but, did not take out the high and BE. The next entry was a market order that was entered on a confirmed entry setup where we got a wick rejection within the +FVG(M)/+BRK(M) (we tapped the middle of the 15m+BRK and the 5m+BRK(L) the last up candle of the +breaker). The was a clean setup but I hit BE on this after not taking profits once the high was taken out.
Chart Links
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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