MES1! Long — 2026-06-24
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
📅 Trade Review — Wednesday, June 24, 2026
🧠 Trade Narrative & Context
HTF Bias
Slightly Bullish
After Tuesday's liquidation, overnight trade became rotational as VIX began compressing and equities attempted to stabilize inside higher timeframe support.
The thesis from the PMP remained:
- ▸VIX weakness should support a relief rally.
- ▸MES was showing relative strength.
- ▸MNQ was lagging but attempting to participate.
- ▸No major economic catalyst was present.
- ▸Confirmation and displacement remained more important than prediction.
VIX Context
Overnight
VIX broke:
- ▸London Low (19.07)
- ▸Daily Low
- ▸Daily Open (19.13)
Targets lower included:
- ▸Weekly Low 18.61
- ▸Previous NDOG Midpoint 18.48
- ▸Lower Quadrant 17.88
This supported upside in equities.
Key Narrative Truth
The morning thesis was correct.
VIX weakness eventually produced the equity recovery expected.
📰 News Context
8:30 AM
Current Account
- ▸Actual: -227B
- ▸Forecast: -212B
- ▸Previous: -221B
10:00 AM
New Home Sales
- ▸Actual: 580K
- ▸Forecast: 638K
- ▸Previous: 626K
No major red folder news.
The market was primarily reacting to:
- ▸Tech weakness
- ▸AI repricing
- ▸Geopolitical uncertainty
- ▸Positioning
🎯 Trades Taken
🔴 Trade 1 — MES Long
Details
Entry:
7453.50
Stop Loss:
7443.75
Target:
7467
Extended Target:
7491.25
Result
❌ Full Stop
🔴 Trade 2 — MNQ Long
Details
Entry:
29811.25
Initial Stop:
29735.25
Extended Stop:
29680.75
Target:
29874
Extended Targets:
29915
30053
30101
Result
❌ Full Stop
🔴 Trade 3 — MES Long
Details
Entry:
7446.25
Stop:
7443.50
Result
❌ Stopped
Small controlled loss.
🔴 Trade 4 — MES Long
Details
Entry:
7447.50
Stop:
7442.25
Result
❌ Stopped
Controlled loss.
🟢 Trade 5 — MES Buy Stop
Details
Entry:
7452.75
Size:
2 contracts
Stop:
7446.25
Target:
7467
Extended Target:
7491.25
Result
✅ Trade worked
Price reached target area.
However, an execution mistake caused contracts to be added instead of profits being taken.
Trade eventually exited near breakeven.
📊 Account Performance
Trading Result
Small red day overall.
Losses remained controlled.
No significant damage occurred.
The biggest loss came from execution rather than market analysis.
📊 Rule-Based Evaluation (1–10 Scale)
1. Narrative Alignment — 9.5 / 10
Excellent.
Morning bias proved correct.
- ▸VIX compressed.
- ▸Equities recovered.
- ▸MES led.
- ▸NQ lagged.
The thesis was accurate.
2. Setup Quality — 8.5 / 10
Initial trades were A-quality.
Setups contained:
- ▸Displacement
- ▸Order blocks
- ▸Fair value gaps
- ▸VIX confirmation
Later entries became increasingly reactive.
3. Entry Confirmation — 8.0 / 10
The original entries were sound.
The final buy-stop trade was actually the best setup because it required confirmation instead of prediction.
4. Risk Management — 8.5 / 10
Positive:
✅ Small size
✅ No overleveraging
✅ Losses controlled
Negative:
❌ Multiple entries represented essentially the same idea.
5. Position Sizing — 9.0 / 10
Excellent discipline.
No revenge sizing.
No increase in size despite losses.
Very controlled.
6. Trade Management — 6.5 / 10
Biggest issue of the day.
The winning trade became compromised by an execution mistake.
In addition:
After the first setups failed, new lower PDAs were continually sought without requiring fresh displacement.
7. Time Discipline — 9.0 / 10
Trades occurred inside your primary window.
No overtrading outside hours.
No afternoon gambling.
8. Emotional Control — 7.0 / 10
No revenge behavior.
No oversized positions.
However:
Frustration manifested through increased trade frequency.
You attempted several longs from essentially the same thesis.
📊 RAS Score (Rules Adherence Score)
| Category | Score |
|---|---|
| Narrative Alignment | 9.5 |
| Setup Quality | 8.5 |
| Entry Confirmation | 8.0 |
| Risk Management | 8.5 |
| Position Sizing | 9.0 |
| Trade Management | 6.5 |
| Time Discipline | 9.0 |
| Emotional Control | 7.0 |
Total Score: 66.0 / 80
👉 RAS Score: 82.5%
🏁 Final Grade (Execution Quality)
👉 B+
🎯 Main Improvement Areas
1. Define Setup Failure More Clearly
After:
7453.50
↓
Stopped
Ask:
"Do I have a new setup?"
or
"Am I trying to save the original idea?"
Require:
- ▸New displacement
- ▸New MSS
- ▸New liquidity event
before re-entering.
2. Confirmation > Prediction
The best trade of the day was the buy-stop trade.
It required:
- ▸Displacement
- ▸Confirmation
- ▸Momentum
Rather than trying to anticipate.
3. Fix Execution Errors
The largest mistake today wasn't analysis.
It wasn't emotion.
It wasn't sizing.
It was execution.
Had profits been taken correctly, this likely becomes a green day.
💡 Key Insight From The Day
You were right.
The market eventually did exactly what your morning narrative suggested.
The problem wasn't your understanding.
The problem was trying to continue the same idea after the first invalidation and then suffering an operational error on the winning trade.
🧾 Bottom Line
Your analysis was better than your execution.
The encouraging part is that execution problems are easier to fix than analytical problems.
The biggest theme that continues to emerge this month is:
Displacement quality matters more than the sweep itself.
The market is no longer rewarding:
Sweep → PDA → Entry
It is rewarding:
Sweep → Displacement → MSS → Return to PDA → Entry
⚖️ Final Verdict
👉 Good read.
👉 Good discipline.
👉 Controlled losses.
👉 Average trade management.
👉 Execution mistake prevented what could have been a green day.
🔥 Closing Thought
One thing is becoming increasingly clear:
You don't need to become a better analyst.
You need to become more selective about when an idea is truly dead and when a new setup has actually formed.
The market proved you right.
The next step is making sure your execution allows your analysis to get paid.
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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