MES1! Long — 2025-01-24
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
1/24/25 MES Great Example of a failed setup. In this case the IFVG creates the manipulation below the HTF SSL (X) then sets the low at 6123.25.
We do get a +BOS and also a LTF CHOCH into the IFVG as expected. We also get a FVG that potentially could push into the BSL ($).
Setup traded at the +FVG and goes into profit but eventually fails because the IFVG(H) is never breached and BSL above 6132.75 never provides a valid +CHOCH.
Though this trade was a loss there was still a chance to take partials and reduce the intial risk.
Entry: 6129 SL: 6123.25 Target: 6133.50, 6137.75 Adjusted SL: 6126.50 Contracts: 45 micro(s)
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