MES1! No Trade — 2025-01-29
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
1/29/25 $MES This setup didn't play out for the -IFVG Manipulation Model setup. The PDH setup the STH and that was swept during the London session while price traded into the New Week Opening Gap NWOG to create the Daily High (DH). The IFVG was create on the Bullish Liquidity Sweep +LS. Price traded within a tight range and on the New York session opening price created the breach and -CHOCH needed to validate the setup but never returned to the 15m-FVG (6102.50-6101.25) formed. This meant no entry and we wait to fight another day!
There was another 15m-FVG (6093.75-6089.75) created, however, this one formed inside of the 4H+FVG (6083.75-6072). Given that I could not watch the charts as closely as I would like because I worked from the office and not home in front of my home trade station, it was best to let this one pass. Also, today was the Federal Funds Rate (no change to the current rate of 4.50%) and FOMC Statement by Powell, the combination meant a risk off day due to the adverse conditions and break in routine.
Later in the day there was actually a nice +IFVG Manipulation Model setup after FOMC.
Entry: 6101.25 SL:6105.25 Target: 6080.75 Adjust SL:
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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