S&P 500 No Trade — 2024-01-18

This is the setup I wanted all day and the setup I should have simply wanted for. Had my SL too tight 2 twice and the 3rd time I entered on a market. This was based on the 15m+BRK, 5m+FVG and the reaction during the overnight session that pushed up off the move yesterday. 

Entry: 4743.89, 4744.90, 4745.10 SL: 4741.74, 4741.94, 4745.20 Target: 4747, 4754, 4766 Risk off 1:1: 4747

Good: I didn't give up on my trade idea. I knew that I was correct in my overall analyst but the entry was a little sloppy. 

Breaker probability use case example for me to review as well. The 15m+BRK in question was over lapped by a 5m+FVG that opened near the high of the +BRK, with this as the cross-over, price should potentially return to the 5m+FVG(L) and did so. I will need to review this. 

Bad: I traded this and should have reevaluated the SL once I got hit the first time. 

Also on the TV, I had one stop level and on the platforms I had another stop. the SL on TV is the one I should have based my trade on and stuck with it. 

Unfortunately, I closed this out early after realizing that I had a emergency meeting scheduled with Brian Hagans on my calendar which was the to tell me Lynette is no longer with the company (I was thinking that it was about to be me). I didn't want to take that call with the trade in even though I was up I didn't want to be thrown off.