MES1! No Trade — 2025-03-17
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
3/17/25 $MES Today I missed two trades, one on the news release and then the one I setup on the follow through setup off of the 5m+FVG. The initial move I would have had to just jump in without a strong area to place a SL given the wick to the downside and basing the SL on the low. This would have made the SL over 20 points. The follow through setup off of the 5m+FVG was spot on from the FVG(H) at 5631.75 without any drawn down and an initial SL of 10.5 points and an initial target of 30.75 points. This would have had to have been a buy limit order from the FVG(H) at 5631.75 with the hope that I would have been able to get in without having to deal with the spreads and missing out on the entry. Either way I hate that I didn’t even place the order in time where I had the charts setup for the trade, had the order queued up in the DOM but just didn’t hit the order. I was on my work conference call and just finished and I was expecting a slightly deeper run into the FVG and it barely grazed the FVG(H) where price really may have not pull me in so I would have to have just been ready to hit the order or chased it. Not sure how to look at this one other than I should have been more prepared and just placed the order regardless in this case. Add on top of this my stomach was not feeling well today at all and this caused me to get to the screen later than expected and caused me to leave the screen again as well.
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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